The global market for industrial cybersecurity estimated at $15.2 billion in the year 2020, is projected to reach a revised size of $22.3 billion by 2026, growing at a CAGR of 6.6% over the analysis period, according to ResearchAndMarkets.
Services, one of the segments analyzed in the report, is projected to grow at a 7.3% CAGR to reach $10 billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 6.3% CAGR for the next 7-year period. This segment currently accounts for a 36.1% share of the global industrial cybersecurity market.
