The Latin America, Middle East and Africa Cyber Security for Industrial Automation Market would witness market growth of 12.1% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Cyber Security for Industrial Automation Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $354.9 million by 2030. The Argentina market is showcasing a CAGR of 12.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.8% during (2023 - 2030).
Cybersecurity measures are implemented to protect industrial control systems that manage critical infrastructure, including power plants, water treatment facilities, and manufacturing plants. This ensures the integrity and reliability of essential services. Cybersecurity in industrial automation includes robust access control mechanisms. As per the International Trade Administration (ITA), the cybersecurity industry in Saudi Arabia is projected to increase 17.98 percent to reach $9.8 billion by 2026 from its 2020 valuation of $3.6 billion. Cyber threats remain a significant obstacle in Saudi Arabia.
Similarly, the ITA estimates that the Australian cybersecurity industry will reach US$5.8 billion by 2024, from a value of US$5 billion in 2022. Authentication and authorization protocols ensure that only authorized personnel can access critical systems, preventing unauthorized users or malicious actors from compromising industrial processes. Cybersecurity measures are employed to encrypt sensitive data exchanged within industrial automation systems. This safeguards data integrity and confidentiality, preventing unauthorized access or tampering with critical information used for decision-making in automated processes.
Saudi Arabia is witnessing increased integration of AI in industrial automation. Saudi Arabia is actively adopting Industry 4.0 practices, which involve converging digital technologies, including AI, in manufacturing. AI systems generate and process vast amounts of data in Saudi Arabia. Cybersecurity measures safeguard against data breaches and unauthorized access to AI-generated data in Saudi Arabia. AI is increasingly used for advanced threat detection in Saudi Arabia. Cybersecurity solutions incorporating AI for anomaly detection and rapid incident response play a crucial role in mitigating cyber risks in industrial automation in Saudi Arabia. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Cyber Security For Industrial Automation Market is Projected to reach USD 17.4 Billion by 2030, at a CAGR of 9.2%
Based on Type, the market is segmented into Programmable Automation System, Fixed Automation System, Flexible Automation System and Integrated Automation System. Based on Security Type, the market is segmented into SCADA Security, Enterprise Security, Network Security, Device Security and Physical Security. Based on End Use, the market is segmented into Food & Beverage Processing, Automotive Manufacturing, Electronics & Telecommunication, Pharmaceuticals, and Others. Based on Technologies, the market is segmented into Programmable Logic Controllers, Computer Numerical Control (CNC) Systems, Industrial Sensors and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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