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Global Industrial Cybersecurity Market Revenue to Reach USD 44.65 Billion by 2030, Growing at 8.54% CAGR with North America Leading the Industry Due to Favorable Government Initiatives, States Kings Research

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DUBAI, UAE, Aug. 23, 2023 /PRNewswire/ — As per the latest report released by Kings Research, the global Industrial Cybersecurity Market size was recorded at USD 22.91 Billion in 2022 and is estimated to grow to USD 44.65 Billion by 2030, exhibiting of 8.54% CAGR over the analysis period of 2023-2030. The market expansion is fueled by an increase in investments and the continuous development of a strong cybersecurity network, which includes the adoption of guidelines and practices that support advanced cybersecurity platforms. Furthermore, the increased need among SMEs for cloud-based security solutions is supporting market growth.
Growing dependence on cyber technology and the risks of cyberattacks have made industrial cyber security a key concern in recent years. These industrial system attacks have the potential to significantly harm infrastructure, compromise systems and equipment, and disrupt essential infrastructure. Organizations can easily scale their security resources as necessary, respond to evolving threats or requirements, and spend less time and effort deploying and managing security systems with the help of cloud-based security solutions.
Get a Sample Copy of the Report: https://www.kingsresearch.com/request-sample/industrial-cybersecurity-market-20
Competitive Landscape
Leading players in the global industrial cybersecurity market are focusing on introducing novel solutions in order to strengthen their market position. For instance, in October 2022, WALLIX reinforced and solidified its industry expertise by introducing OT.security. The brand comes with its distinct visual identity, along with a tailored technology offering and development strategy in tune with the Unicorn 25 plan. With this initiative, WALLIX demonstrated its proficiency in securing digital access and identity in industrial environments.
Key participants in the global industrial cybersecurity market include:
ABS Group of Companies, Inc.Bechtel CorporationCisco Systems, Inc.Fortinet, Inc.Honeywell International Inc.IBMMicrosoftRockwell AutomationSchneider ElectricSiemensThalesUnlock key industry insights with our research report. For More Information, Enquire Now! https://www.kingsresearch.com/enquiry/industrial-cybersecurity-market-20
Trending Now: SolutionsPT’s Cyber SecureOT Conference Aims to Streamline Industrial Cybersecurity
On June 21st, 2023, SolutionsPT, a prominent industrial IT solutions partner, successfully hosted the Cyber SecureOT event at the conference facility of Leicester Marriott Hotel. This highly anticipated event aimed to bring together over 100 IT and OT managers from various industries across the UK to explore the latest developments in industrial cybersecurity.
The primary objective of the event was to simplify the often complex topic of cybersecurity by showcasing how the right combination of project execution and consulting solutions can alleviate the burden and establish an effective framework to mitigate both known and unknown risks in today’s connected industrial environment.
As a company dedicated to enabling its customers to achieve higher levels of efficiency and productivity through digital transformation, SolutionsPT places Cybersecurity at the core of its digitalization efforts. The Cyber SecureOT event served as a key platform to address the significance of Cybersecurity in the context of advancing digitalization strategies.
The global Industrial Cybersecurity Market is segmented as:
By Type
Network SecurityEndpoint SecurityCloud SecurityApplication SecurityOthersRising Number of Network Security Devices to Promote Market Growth
The network security segment dominated the global industrial cybersecurity market in 2022 and is anticipated to experience significant growth through the review timeline, accounting for USD 12.93 billion in revenue by 2030. The segment growth can be attributed to several factors, such as the increasing number of network security devices and the growing demand for secure diverse enterprise networks.
Download a Sample PDF of this Report – (Including Full TOC, List of Tables & Figures, Chart)
By End User
Energy & UtilitiesTransportation SystemsChemicals and ManufacturingOthersIncreasing Demand for Industrial Cybersecurity Solutions in the Energy and Utilities Sector to Boost Sales
The energy and utilities segment held the largest share of the global industrial cybersecurity market in 2022 and is likely to lead the market in the near future with a valuation of USD 16.13 billion by 2030. A major factor fueling segmental expansion is the ever-increasing demand for industrial cybersecurity solutions, crucial in safeguarding industrial control systems from cyber-attacks. Energy & utility solutions are playing an important role in enhancing security across the industry, providing integrated and automated protection throughout industrial environments.
Surging Adoption of AI-based Industrial Robots to Drive Revenue Generation
The key driver boosting the market size for industrial cybersecurity is the expanding use of Internet of Things (IoT) solutions in industrial control systems and cloud security applications. With the increased use of sophisticated solutions, such as firewalls, intrusion detection systems (IDS), antivirus, and others, the demand for cybersecurity solutions is anticipated to rise across several industries.
The rate of production automation is likely to increase as a result of developments in AI and sensing technologies as well as other strategies for making robot deployment easier. The industry is focused on reducing product uniformity, productivity, and operational expenses, and artificial intelligence (AI) plays a pivotal role in the recent development of Industry 4.0. This goal will be attained through robotics and human collaboration. The market revenue is increasing due to these advancements.
Purchase this Premium Research Report: https://www.kingsresearch.com/buy-now/20
Government-led Initiatives to Boost Product Demand in North America
North America dominated the global industrial cybersecurity market in 2022 and is expected to maintain its position through the projection period, recording a valuation of USD 18.57 billion by 2030. The regional market expansion is impelled by the rising concerns about cybersecurity in the United States and Canada, particularly in relation to key infrastructure, including energy, water, transportation, and manufacturing systems. By implementing rules, regulations, and best practices, the U.S. government is addressing industrial cybersecurity.
In order to protect the nation’s vital infrastructure against cyber threats, the Cybersecurity and Infrastructure Security Agency (CISA) was established. Organizations in the region are also adopting effective strategies to secure their systems, including secure coding standards, frequent software updates, intrusion detection and prevention tools, and employee training, which is foreseen to favor the domestic market.
Robust Growth Expected in APAC as Governments Prioritize Critical Infrastructure Security
Asia Pacific is estimated to grow at a robust CAGR of 10.40% through the projected timeframe. This growth can be attributed to the proactive approach by regional governments to enhance cybersecurity, which encompasses risk assessments, vulnerability assessments, regular security audits, and incident response planning. Governments across the region are also implementing initiatives to enhance the security of critical infrastructure, further emphasizing cybersecurity measures.
Browse the Complete Report Here: https://www.kingsresearch.com/industrial-cybersecurity-market-20
Key Points from TOC:
Introduction of The Global Industrial Cybersecurity MarketExecutive SummaryResearch MethodologyGlobal Industrial Cybersecurity Market OutlookImpact of Russia-Ukraine WarGlobal Industrial Cybersecurity Market, By TypeGlobal Industrial Cybersecurity Market, By ComponentGlobal Industrial Cybersecurity Market, By End UserGlobal Industrial Cybersecurity Market, By GeographyNorth AmericaEuropeAsia PacificMiddle East & AfricaLatin America Global Industrial Cybersecurity Market Competitive LandscapeCompany ProfilesBrowse Complete TOC: https://www.kingsresearch.com/toc/industrial-cybersecurity-market-20
About Us:
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
Contact Us
Kings ResearchPhone: (+1) 888 328 2189E-mail: [email protected]: https://www.kingsresearch.comBlog: https://www.kingsresearch.com/blogFollow Us: LinkedIn | Facebook | Twitter
 
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ToolsGroup Positioned as the Leader in the 2024 SPARK Matrix for Global Supply Chain Inventory Optimization by QKS Group

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The QKS Group SPARK Matrix™ provides competitive analysis and ranking of the leading Global Supply Chain Inventory Optimization vendors.ToolsGroup with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.BOSTON, Oct. 10, 2024 /PRNewswire/ — QKS Group has named ToolsGroup as a technology leader in their 2024 SPARK Matrix™ analysis of Global Supply Chain Inventory Optimization Market.

The QKS Group SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. It offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning. By providing a competitive analysis and ranking of leading technology vendors, the SPARK Matrix delivers strategic insights that help users assess provider capabilities, differentiate competitively, and understand market positions.
ToolsGroup was chosen as a leader in the 2024 SPARK Matrix for Global Supply Chain Inventory Optimization due to its outstanding capabilities in optimizing cloud costs and enhancing operational efficiency in complex multi-cloud environments.
QKS Group defines a Global Supply Chain Inventory Optimization as “a strategic process of maintaining an ideal amount of inventory and keeping the right balance between capital investment and service-level goals, across multiple Stock Keeping Units (SKUs). The aim is to minimize the inventory holding cost while fulfilling customer demand. Inventory Optimization leverages historical data, advanced analytics, and generative AI to ensure optimum stock levels at the right time. It also takes into consideration the volatility, risks, and probable disruptions in the supply chain and reduces unnecessary costs, stockouts, and overstocking while optimizing stock levels.”
According to Dharun, Analyst at QKS Group, “ToolsGroup has established itself as a technology leader in the global supply chain inventory optimization market by offering AI-driven, self-adaptive demand and inventory models. The solution automatically defines the optimal inventory mix across multi-echelon supply chains, ensuring high service levels while minimizing costs. ToolsGroup’s advanced features, such as probabilistic forecasting, service-driven optimization, and real-time dynamic data unification, empower businesses to navigate demand uncertainty effectively. With the launch of Decision Hub, ToolsGroup introduces decision-centric planning, allowing supply chain leaders to align on optimal responses to emerging threats and changes in supply-demand dynamics.” Dharun further adds, “ToolsGroup’s year-on-year revenue growth, strong enterprise segmentation, a compelling vision & roadmap, industry-specific capabilities, positions the company as a leader in the SPARK Matrix™: Global Supply Chain Inventory Optimization, Q3, 2024”
Quote By ToolsGroup
“We are proud to be recognized by Quadrant Solutions for the third year in a row as a leader in inventory optimization,” said Kevin Young, Chief Marketing Officer and EVP of Growth at ToolsGroup. “Our approach is quite unique in the market. We leverage AI driven probabilistic science to model a range of potential outcomes for demand and supply availability. Over 400 customers leverage our solutions to achieve service level goals while significantly reducing inventory investments, transforming their supply chains into a force for good.”
The global supply chain inventory optimization market is experiencing significant growth, driven by the adoption of cloud, AI, ML, blockchain, and IoT technologies. Inventory optimization aims to maintain an ideal stock level while balancing investment and service-level goals. The use of advanced analytics and generative AI allows for the consideration of volatility, risks, and disruptions, ultimately reducing unnecessary costs and stockouts. Current market dynamics highlight the importance of real-time inventory visibility, predictive analytics, and scenario modeling to enhance decision-making. Leading solutions in this market offer comprehensive capabilities, including multi-echelon inventory optimization (MEIO), automated data collection, and generative AI for informed inventory management. As companies strive for more antifragile and autonomous supply chains, inventory optimization remains a key strategic focus to increase efficiency, profitability, and customer satisfaction.
Additional Resources:
For more information about ToolsGroupSPARK Matrix: Global Supply Chain Inventory Optimization, Q3, 2024About ToolsGroup:
ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, and YouTube, or visit www.toolsgroup.com.
ToolsGroup Media Contact:
Jason OuelletteEscalate PR for ToolsGroup Email: [email protected]
About QKS Group:
QKS Group is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://qksgroup.com/ 
Contact: 
Shraddha Roy PR & Media Relations QKS Group Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts 01949 United States Email: [email protected] Content Source: https://qksgroup.com/newsroom/toolsgroup-positioned-as-the-leader-in-the-2024-spark-matrix-for-global-supply-chain-inventory-optimization-by-qks-group-798Connect with us on LinkedIn- https://www.linkedin.com/company/qksgroup/
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CloudM unveils Migrate 4.0: redefining the data migration landscape with a user-centric approach

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MANCHESTER, England, Oct. 10, 2024 /PRNewswire/ — CloudM, established in 2008, proudly introduces CloudM Migrate 4.0, an innovative update designed to transform the way businesses manage data migrations. This latest release is more than just an upgrade—it represents a fundamental shift in the data migration industry, driven by CloudM’s deep expertise and commitment to customer success. Over the past 16 years, CloudM has facilitated over 80 million successful migrations, solidifying its reputation as a market leader in cloud data management.

Why the change? How users benefit from CloudM’s expertise
CloudM’s decision to overhaul the user interface (UI) and enhance core functionalities stems from its unwavering focus on the end user. With decades of experience and customer feedback guiding the redesign, Migrate 4.0 introduces a more intuitive, streamlined process. This update makes data migrations faster, simpler, and less labor-intensive, helping businesses complete migrations with minimal downtime and effort.
The cloud migration market is growing at an exceptional rate, projected to reach $806.41 billion by 2029, with a CAGR of 28.24%. This growth is being driven by key sectors such as finance, healthcare, and retail, which are increasingly leveraging cloud technologies to streamline operations and enhance customer experiences (Mordor Intelligence).
A story of innovation in the data migration industry
Since its founding in 2008, CloudM has led the way in transforming data migration. Often viewed as a labor-intensive process, cloud migration has seen a surge in demand driven by mergers, acquisitions, and digital transformation projects. Many businesses still struggle with tools that are complex and require significant manual oversight and expertise.
CloudM recognized these challenges early on and revolutionized the process with its cloud-based solutions, allowing businesses to migrate everything from user data and email to critical files with ease. Migrate 4.0 is the culmination of years of innovation, feedback, and a mission to simplify the cloud migration experience.
The numbers speak for themselves
With over 80 million successful migrations completed for businesses of all sizes—from startups to global enterprises—CloudM has proven itself as a trusted partner in cloud migrations. These numbers highlight its extensive reach and the trust businesses place in CloudM during pivotal digital transformation initiatives, such as moving to Google Workspace or Microsoft 365. With the release of Migrate 4.0, CloudM expects these numbers to rise as businesses continue to reap the benefits of more efficient and streamlined migration processes.
Migrate 4.0: efficiency meets simplicity
At the heart of Migrate 4.0 is a revamped, intuitive UI designed to make migrations smoother than ever before. The shift to a project-and-batch-based model simplifies migration management, reducing manual intervention and streamlining connections between source and destination platforms.
“We designed Migrate 4.0 to reflect our commitment to evolving with our customers’ needs,” says Donna Torres, Managing Director of CloudM. “With more than 80 million migrations under our belt, we’ve learned what works and what doesn’t. Our new UI and feature enhancements will save businesses time and resources.”
Shaun Richards, Product Manager at CloudM, adds: “The switch to a project-and-batch-based model in Migrate 4.0 is a game changer. This conceptual shift unlocks new opportunities for efficient migration management, and the feedback from beta testers has been incredibly positive.”
For more details on the new features and capabilities introduced in Migrate 4.0, refer to the official release notes.
Learn more about: CloudM migrate.Read the launch product release blog.For more information, contact [email protected].

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Maanch Introduces Groundbreaking ESG Engagement Innovation

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LONDON, Oct. 10, 2024 /PRNewswire/ — Maanch, a leading provider of award-winning investment stewardship solutions, today announced a first of its kind integration of Morningstar Sustainalytics’ stewardship data into the Maanch Engagement Tracker (Maanch ET). This powerful combination offers asset managers and institutional investors unparalleled access to comprehensive stewardship data and engagement services, setting a new standard for transparency and long-term value creation.

Morningstar Sustainalytics, a globally recognised leader in ESG research and ratings, brings its nearly 30 years of stewardship expertise to the Maanch ET. By integrating their stewardship data into Maanch ET, clients gain access to hundreds of engagement cases with issuers, and related reports, voting recommendations, and insights on company meetings, enabling more informed and impactful decision-making.
Hanna Roberts, Senior Vice President, ESG Products, Stewardship Services at Morningstar Sustainalytics stated: “Our collaboration with Maanch allows asset managers to seamlessly integrate our stewardship data into their decision-making processes. By providing greater transparency and actionable insights, we are empowering our clients to enhance their engagement strategies and drive positive outcomes across the issuers they hold.”
This seamless integration allows clients to access ESG insights alongside their existing data, enabling enhanced stewardship reporting and meaningful engagement with investee companies. Exportable reports in PDF and XLS formats simplify inclusion in annual ESG reports, with Sustainalytics’ data clearly distinguished from direct engagements. Launched for a mutual client on 5 June 2024, the integration is now available to all clients. More information can be requested via the Maanch ET Integration tab or through Sustainalytics account managers. A joint webinar on 15 October 2024 will showcase its capabilities.
Darshita Gillies, Founder & CEO of Maanch, added: “This revolutionary partnership empowers investment teams with unparalleled tools for transparent, impactful stewardship. By combining Maanch’s capabilities with Sustainalytics’ data, we enable clients to make more informed decisions and strengthen ESG engagement. We welcome collaboration with other data providers to drive further innovation.”
About Maanch 
Maanch, a certified B-Corp, provides pioneering tech solutions for the asset management sector to streamline their stewardship activities. Maanch clients across UK & Europe collectively manage over £200bn in assets. Visit https://maanch-invest.com/.
About Morningstar Sustainalytics 
Morningstar Sustainalytics is a leading ESG data, research, and ratings firm that supports investors around the world with the development and implementation of responsible investment strategies. Visit www.sustainalytics.com. 
For more information: 
Sarah Georg: [email protected] Benedict: [email protected] 

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