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Industrial Cyber Security Market

ID: MRFR/ICT/2999-CR
100 Pages
Aarti Dhapte
July 2025

Industrial Cyber Security Market Research Report By Solution (Network Security, Endpoint Security, Application Security, Data Security), By Service (Consulting, Managed Services, Implementation Services), By Deployment Mode (On-Premises, Cloud-Based), By End-user (Manufacturing, Energy, Utilities, Transportation), and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Industrial Cyber Security Market Summary

As per MRFR analysis, the Industrial Cyber Security Market Size was estimated at 16.67 USD Billion in 2024. The Industrial Cyber Security industry is projected to grow from 17.41 USD Billion in 2025 to 26.92 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.45 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Industrial Cyber Security Market is experiencing robust growth driven by technological advancements and increasing regulatory pressures.

  • North America remains the largest market for industrial cyber security solutions, reflecting a strong demand for enhanced protection against cyber threats.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by rapid digital transformation and heightened awareness of cybersecurity.
  • Network security continues to dominate the market, while endpoint security is witnessing the fastest growth due to the proliferation of connected devices.
  • Rising cyber threats and regulatory pressures are significant drivers, compelling organizations to invest in managed services and consulting for comprehensive security solutions.

Market Size & Forecast

2024 Market Size 16.67 (USD Billion)
2035 Market Size 26.92 (USD Billion)
CAGR (2025 - 2035) 4.45%

Major Players

Honeywell (US), Siemens (DE), Schneider Electric (FR), Rockwell Automation (US), Cisco Systems (US), ABB (CH), McAfee (US), Palo Alto Networks (US), Fortinet (US)

Industrial Cyber Security Market Trends

The Industrial Cyber Security Market is currently experiencing a transformative phase, driven by the increasing reliance on digital technologies across various sectors. As industries integrate advanced automation and IoT devices, the potential vulnerabilities associated with cyber threats have escalated. Organizations are now prioritizing the implementation of robust security measures to safeguard their critical infrastructure. This heightened awareness of cyber risks is prompting investments in innovative security solutions, which aim to protect sensitive data and ensure operational continuity. Furthermore, regulatory frameworks are evolving, compelling businesses to adopt comprehensive security strategies that align with compliance requirements. In addition, the market landscape is characterized by a growing emphasis on collaboration between technology providers and industrial operators. This partnership approach fosters the development of tailored security solutions that address specific industry challenges. As the threat landscape continues to evolve, the Industrial Cyber Security Market is likely to witness further advancements in threat detection, incident response, and risk management capabilities. Overall, the market appears poised for sustained growth as organizations recognize the necessity of fortifying their defenses against an increasingly sophisticated array of cyber threats.

Increased Investment in Security Solutions

Organizations are allocating more resources towards advanced security technologies to mitigate risks associated with cyber threats. This trend reflects a proactive approach to safeguarding critical infrastructure and sensitive data.

Regulatory Compliance and Standards

The evolving regulatory landscape is driving businesses to adopt stringent security measures. Compliance with industry standards is becoming a key factor in shaping security strategies, ensuring that organizations meet legal and operational requirements.

Integration of AI and Machine Learning

The adoption of artificial intelligence and machine learning technologies is enhancing threat detection and response capabilities. These innovations enable organizations to analyze vast amounts of data, identifying potential threats more effectively.

Industrial Cyber Security Market Drivers

Regulatory Pressures

The Industrial Cyber Security Market is significantly influenced by the increasing regulatory pressures imposed on organizations to enhance their cybersecurity posture. Governments and regulatory bodies are establishing stringent guidelines and compliance requirements to safeguard critical infrastructure from cyber threats. For instance, regulations such as the NIST Cybersecurity Framework and the EU's GDPR mandate organizations to implement comprehensive security measures. As companies strive to meet these regulatory standards, they are compelled to invest in advanced cybersecurity solutions, thereby driving growth in the Industrial Cyber Security Market. The need for compliance not only ensures the protection of sensitive information but also mitigates the risk of hefty fines and reputational damage, further emphasizing the importance of robust cybersecurity strategies.

Rising Cyber Threats

The Industrial Cyber Security Market is experiencing a surge in demand due to the increasing frequency and sophistication of cyber threats. Organizations across various sectors are recognizing the potential risks posed by cyberattacks, which can lead to significant operational disruptions and financial losses. In 2025, it is estimated that cybercrime could cost businesses trillions of dollars annually, prompting industries to invest heavily in robust cybersecurity measures. This heightened awareness of vulnerabilities is driving the adoption of advanced security solutions, as companies seek to protect their critical infrastructure and sensitive data from malicious actors. As a result, the Industrial Cyber Security Market is poised for substantial growth, with investments in security technologies expected to rise significantly in the coming years.

Technological Advancements

The Industrial Cyber Security Market is being propelled by rapid technological advancements that enhance the effectiveness of cybersecurity solutions. Innovations in artificial intelligence, machine learning, and automation are enabling organizations to detect and respond to threats more efficiently. In 2025, the market for AI-driven cybersecurity solutions is projected to reach substantial figures, reflecting the growing reliance on technology to combat cyber threats. These advancements allow for real-time monitoring and analysis of security incidents, significantly reducing response times and improving overall security posture. As industries increasingly adopt these cutting-edge technologies, the Industrial Cyber Security Market is likely to witness accelerated growth, driven by the demand for more sophisticated and proactive security measures.

Increased Digital Transformation

The ongoing digital transformation across various industries is a key driver of the Industrial Cyber Security Market. As organizations embrace digital technologies to enhance operational efficiency and customer engagement, they inadvertently expose themselves to new cybersecurity risks. The integration of IoT devices, cloud computing, and big data analytics has created a complex threat landscape that necessitates robust cybersecurity measures. In 2025, it is anticipated that the number of connected devices will reach billions, further amplifying the need for comprehensive security solutions. Consequently, organizations are prioritizing investments in cybersecurity to protect their digital assets and maintain business continuity, thereby fueling growth in the Industrial Cyber Security Market.

Growing Awareness of Cybersecurity

The Industrial Cyber Security Market is witnessing a notable increase in awareness regarding the importance of cybersecurity among organizations. As high-profile cyber incidents make headlines, businesses are becoming more cognizant of the potential repercussions of inadequate security measures. This growing awareness is prompting organizations to prioritize cybersecurity as a critical component of their operational strategy. In 2025, surveys indicate that a significant percentage of companies plan to increase their cybersecurity budgets, reflecting a shift in mindset towards proactive risk management. This heightened focus on cybersecurity not only drives investments in advanced security solutions but also fosters a culture of security within organizations, ultimately contributing to the growth of the Industrial Cyber Security Market.

Market Segment Insights

Industrial Cyber Security Market Solution Insights

The global industrial cybersecurity market witnessed substantial growth, particularly in the solution segment, which saw notable advancements in the coming years. Within this segment, various components such as Network Security, Endpoint Security, Application Security, and Data Security played crucial roles in ensuring the integrity and confidentiality of industrial systems.Among these, Network Security held a significant position with a valuation of 5.5 USD Billion in 2024, expanding to 14.2 USD Billion by 2035. This sub-segment was vital as it protected critical infrastructures and helped defend against increasingly sophisticated cyber threats that could disrupt operations and data integrity.

News reports highlighted that as industries evolved towards more interconnected systems, the demand for robust network security solutions surged, making it a dominant aspect of industrial cybersecurity.Meanwhile, Endpoint Security also played an essential role, valued at 4.3 USD Billion in 2024 and anticipated to grow to 10.9 USD Billion by 2035. This component was significant because businesses increasingly relied on mobile and remote workforces, making the protection of endpoints a top priority amidst the rise of various endpoint vulnerabilities.

Application Security, which was valued at 3.6 USD Billion in 2024 and will reach 9.1 USD Billion by 2035, is gaining traction as application-based threats continue to evolve. The protection of applications was critical to ensuring secure transactions and maintaining customer trust, which was vital for business continuity. Lastly, Data Security, expected to increase from 3.9 USD Billion in 2024 to 10.8 USD Billion by 2035, represented another key area of concern.

Industrial Cyber Security Market Service Insights

The Service segment of the Global Industrial cybersecurity market plays a crucial role in ensuring organizational resilience against cyber threats. This segment encompasses various types of offerings such as Consulting, Managed Services, and Implementation Services, each contributing significantly to the overall market dynamics.

Consulting services are vital as they help organizations assess vulnerabilities and develop tailored strategies, while Managed Services provide continuous monitoring and response capabilities, which many businesses heavily rely on for robust security. Implementation Services focus on deploying security measures effectively, ensuring that companies can operate safely in an increasingly digital landscape.

The integration of these services is vital for enhancing reliability in industrial operations, making the Service segment a dominant force in the Industrial Cyber Security Market. With increasing cyber threats and regulations globally, the demand for these services continues to grow, underpinning their significance in safeguarding critical infrastructure.

Industrial Cyber Security Market Deployment Mode Insights

The Industrial Cyber Security Market, particularly within the Deployment Mode segment, has gained significant traction in recent years. The market is poised for considerable growth, reflecting the increasing need for robust industrial cyber defense mechanisms.The deployment modes can be broadly categorized into On-Premises and Cloud-Based solutions, both playing pivotal roles in safeguarding critical infrastructure. On-premises deployment offers organizations greater control over security protocols and data, thus catering to industries with stringent regulatory requirements and a focus on data privacy.Conversely, the Cloud-Based deployment mode has emerged as a popular choice due to its scalability, cost-effectiveness, and ease of management.

This mode allows organizations to leverage advanced security features without heavy investments in physical infrastructure.

The importance of these deployment modes can be attributed to growing cyber threats and the significant rise in industrial automation. Industry Statistics indicate that as cyber threats evolve, businesses are increasingly prioritizing the adoption of comprehensive cybersecurity measures across various deployment methods to mitigate potential risks.Therefore, analyzing the Industrial Cyber Security Market revenue and its segmentation provides crucial insights into the evolving landscape of cybersecurity needs.

Industrial Cyber Security Market End-user Insights

The End-user segment of this market encompasses key industries such as Manufacturing, Energy, Utilities, and Transportation, each playing a crucial role in the overall market dynamics. Manufacturing stands out due to its vast reliance on connected systems, making it a prime target for cyberattacks.

The Energy sector, given its critical infrastructure, mandates robust security measures to protect against disruptions and data breaches. Utilities are also increasingly adopting cybersecurity solutions to safeguard their operations and maintain service continuity. Meanwhile, Transportation, which involves complex logistics and connectivity, requires diligent protection to ensure safe and efficient operations.

As the Industrial Cyber Security Market evolves, it is driven by rising cyber threats, regulatory compliance mandates, and the growing need for operational efficiency across these sectors. Each of these End-users not only represents significant market potential but also underscores the critical need for robust cybersecurity measures in an interconnected world.

Get more detailed insights about Industrial Cyber Security Market

Regional Insights

North America : Cybersecurity Innovation Leader

North America is the largest market for industrial cyber security, holding approximately 45% of the global share. The region's growth is driven by increasing cyber threats, stringent regulations, and a robust technological infrastructure. The demand for advanced security solutions is further fueled by the rise of IoT and Industry 4.0, prompting organizations to invest heavily in cybersecurity measures to protect critical infrastructure. The United States and Canada are the leading countries in this market, with major players like Honeywell, Rockwell Automation, and Cisco Systems establishing a strong presence. The competitive landscape is characterized by continuous innovation and strategic partnerships among key players. The focus on enhancing security protocols and compliance with regulations ensures that North America remains at the forefront of industrial cyber security advancements.

Europe : Regulatory Framework Strengthens Market

Europe is the second-largest market for industrial cyber security, accounting for around 30% of the global share. The region's growth is propelled by stringent regulations such as the GDPR and NIS Directive, which mandate robust cybersecurity measures across industries. The increasing frequency of cyberattacks and the need for compliance are driving organizations to invest in advanced security solutions, enhancing overall market demand. Leading countries in this region include Germany, France, and the UK, where companies like Siemens and Schneider Electric are key players. The competitive landscape is marked by a mix of established firms and emerging startups, all striving to innovate and meet regulatory requirements. The presence of a strong regulatory framework fosters a culture of cybersecurity awareness, further solidifying Europe's position in the industrial cyber security market.

Asia-Pacific : Emerging Market with High Potential

Asia-Pacific is witnessing rapid growth in the industrial cyber security market, holding approximately 20% of the global share. The region's expansion is driven by increasing digitalization, the adoption of smart manufacturing, and rising cyber threats. Governments are also implementing supportive policies to enhance cybersecurity frameworks, which further stimulates market growth. The demand for advanced security solutions is expected to surge as industries transition towards automation and IoT integration. Key countries in this region include China, Japan, and India, where companies like ABB and Fortinet are making significant strides. The competitive landscape is evolving, with both The Industrial Cyber Security Market share. The focus on innovation and collaboration among stakeholders is crucial for addressing the unique cybersecurity challenges faced by the region, positioning Asia-Pacific as a promising market for industrial cyber security solutions.

Middle East and Africa : Growing Awareness and Investment

The Middle East and Africa region is gradually emerging in the industrial cyber security market, accounting for about 5% of the global share. The growth is driven by increasing awareness of cyber threats and the need for robust security measures across various sectors, including oil and gas, manufacturing, and utilities. Governments are beginning to implement regulations and frameworks to enhance cybersecurity, which is expected to boost market demand in the coming years. Leading countries in this region include South Africa, the UAE, and Saudi Arabia, where investments in cybersecurity infrastructure are on the rise. The competitive landscape is characterized by a mix of local and international players, with a focus on developing tailored solutions to meet regional needs. As organizations prioritize cybersecurity, the Middle East and Africa are poised for significant growth in the industrial cyber security market.

Industrial Cyber Security Market Regional Image

Key Players and Competitive Insights

The Industrial Cyber Security Market is currently characterized by a dynamic competitive landscape, driven by the increasing need for robust security measures in industrial environments. Key players such as Honeywell (US), Siemens (DE), and Rockwell Automation (US) are strategically positioning themselves through innovation and partnerships to enhance their market presence. Honeywell (US) focuses on integrating advanced analytics and machine learning into its security solutions, while Siemens (DE) emphasizes the development of comprehensive cybersecurity frameworks tailored for critical infrastructure. Rockwell Automation (US) is actively pursuing collaborations with technology firms to bolster its cybersecurity offerings, indicating a trend towards cooperative strategies that enhance overall security capabilities across the sector.

The market structure appears moderately fragmented, with a mix of established players and emerging startups vying for market share. Key business tactics include localizing manufacturing to reduce supply chain vulnerabilities and optimizing operational efficiencies through digital transformation initiatives. The collective influence of these major players shapes a competitive environment where innovation and strategic partnerships are paramount, allowing companies to respond effectively to evolving cyber threats.

In August 2025, Siemens (DE) announced a strategic partnership with a leading cloud service provider to enhance its cybersecurity solutions for industrial applications. This collaboration aims to leverage cloud technology to provide real-time threat detection and response capabilities, thereby strengthening Siemens' position in the market. The strategic importance of this move lies in its potential to offer clients scalable and flexible security solutions, addressing the growing demand for cloud-based cybersecurity in industrial settings.

In September 2025, Rockwell Automation (US) launched a new suite of cybersecurity services designed to protect operational technology environments. This initiative reflects a proactive approach to addressing the increasing sophistication of cyber threats targeting industrial systems. By expanding its service offerings, Rockwell Automation (US) not only enhances its competitive edge but also demonstrates a commitment to safeguarding critical infrastructure, which is essential for maintaining operational continuity.

In July 2025, Honeywell (US) unveiled an advanced cybersecurity platform that integrates artificial intelligence and machine learning to predict and mitigate potential threats. This innovative solution signifies a shift towards more intelligent security measures, allowing organizations to stay ahead of cyber adversaries. The strategic importance of this development lies in its ability to provide clients with a comprehensive security posture, thereby reinforcing Honeywell's leadership in the industrial cybersecurity domain.

As of October 2025, current competitive trends in the Industrial Cyber Security Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, as companies recognize the need for collaborative efforts to combat sophisticated cyber threats. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancement, and supply chain reliability. This shift underscores the necessity for companies to invest in cutting-edge solutions that not only enhance security but also align with broader sustainability goals.

Key Companies in the Industrial Cyber Security Market market include

Industry Developments

  • Q2 2024: Siemens launches new industrial cybersecurity operations center in Houston Siemens opened a dedicated cybersecurity operations center in Houston to provide real-time threat monitoring and incident response for industrial clients in North America, aiming to strengthen critical infrastructure protection.
  • Q2 2024: Honeywell acquires SCADAfence to expand industrial cybersecurity portfolio Honeywell announced the acquisition of SCADAfence, an Israeli OT and IoT cybersecurity company, to enhance its industrial cybersecurity offerings for critical infrastructure and manufacturing sectors.
  • Q2 2024: Dragos raises $74 million in Series D funding to expand industrial cybersecurity solutions Dragos, a leading provider of industrial cybersecurity, secured $74 million in Series D funding to accelerate product development and global expansion, focusing on protecting critical infrastructure from cyber threats.
  • Q3 2024: Rockwell Automation and Fortinet announce strategic partnership for OT cybersecurity Rockwell Automation and Fortinet entered a strategic partnership to deliver integrated cybersecurity solutions for operational technology (OT) environments, targeting manufacturing and energy sectors.
  • Q3 2024: Claroty acquires Medigate to bolster healthcare and industrial cybersecurity Claroty completed the acquisition of Medigate, a cybersecurity firm specializing in healthcare IoT, to expand its reach into industrial and critical infrastructure cybersecurity markets.
  • Q3 2024: ABB launches new cybersecurity suite for industrial automation systems ABB introduced a comprehensive cybersecurity suite designed to protect industrial automation and control systems, offering threat detection, vulnerability management, and compliance tools.
  • Q4 2024: Tenable appoints new Chief Product Officer to drive industrial cybersecurity innovation Tenable named a new Chief Product Officer to lead the development of advanced cybersecurity solutions for industrial and critical infrastructure clients.
  • Q4 2024: Schneider Electric opens industrial cybersecurity research lab in France Schneider Electric inaugurated a new research laboratory in Grenoble, France, dedicated to developing and testing cybersecurity solutions for industrial control systems.
  • Q1 2025: Nozomi Networks secures $50 million in funding to expand industrial cybersecurity platform Nozomi Networks raised $50 million in a new funding round to enhance its industrial cybersecurity platform and accelerate international market expansion.
  • Q1 2025: Microsoft launches Defender for IoT for industrial environments Microsoft released Defender for IoT, a cybersecurity solution tailored for industrial and critical infrastructure environments, providing asset discovery, threat detection, and response capabilities.
  • Q2 2025: Palo Alto Networks acquires industrial cybersecurity startup Cyolo Palo Alto Networks acquired Cyolo, a startup specializing in secure remote access for industrial control systems, to strengthen its OT cybersecurity portfolio.
  • Q2 2025: Armis partners with Siemens to deliver enhanced industrial cybersecurity for critical infrastructure Armis and Siemens announced a partnership to integrate Armis' asset visibility and threat detection platform with Siemens' industrial automation solutions, aiming to improve cybersecurity for critical infrastructure operators.

Future Outlook

Industrial Cyber Security Market Future Outlook

The Industrial Cyber Security Market is projected to grow at a 4.45% CAGR from 2024 to 2035, driven by increasing cyber threats, regulatory compliance, and technological advancements.

New opportunities lie in:

  • Development of AI-driven threat detection systems
  • Integration of IoT security solutions in manufacturing
  • Expansion of managed security services for industrial clients

By 2035, the market is expected to be robust, reflecting heightened security investments and advanced technological solutions.

Market Segmentation

Industrial Cyber Security Market Service Outlook

  • Consulting
  • Managed Services
  • Implementation Services

Industrial Cyber Security Market End User Outlook

  • Manufacturing
  • Energy and Utilities
  • Transportation

Industrial Cyber Security Market Solution Outlook

  • Network Security
  • Endpoint Security
  • Application Security
  • Data Security

Industrial Cyber Security Market Deployment Mode Outlook

  • On-Premises
  • Cloud-Based

Report Scope

MARKET SIZE 2024 16.67(USD Billion)
MARKET SIZE 2025 17.41(USD Billion)
MARKET SIZE 2035 26.92(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.45% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Market analysis in progress
Segments Covered Market segmentation analysis in progress
Key Market Opportunities Integration of artificial intelligence in threat detection enhances resilience in the Industrial Cyber Security Market.
Key Market Dynamics Rising regulatory pressures drive demand for advanced Industrial Cyber Security solutions across various sectors.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Aarti Dhapte
Team Lead - Research

She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the projected market valuation of the Industrial Cyber Security Market by 2035?

The Industrial Cyber Security Market is projected to reach a valuation of 26.92 USD Billion by 2035.

What was the market valuation of the Industrial Cyber Security Market in 2024?

In 2024, the Industrial Cyber Security Market had a valuation of 16.67 USD Billion.

What is the expected CAGR for the Industrial Cyber Security Market during the forecast period 2025 - 2035?

The expected CAGR for the Industrial Cyber Security Market during the forecast period 2025 - 2035 is 4.45%.

Which companies are considered key players in the Industrial Cyber Security Market?

Key players in the Industrial Cyber Security Market include Honeywell, Siemens, Schneider Electric, Rockwell Automation, Cisco Systems, ABB, McAfee, Palo Alto Networks, and Fortinet.

What are the projected values for Network Security in the Industrial Cyber Security Market?

The projected values for Network Security in the Industrial Cyber Security Market range from 5.0 to 8.0 USD Billion.

How does the Endpoint Security segment perform in terms of projected valuation?

The Endpoint Security segment is projected to have a valuation ranging from 4.0 to 6.5 USD Billion.

What is the expected growth for Implementation Services in the Industrial Cyber Security Market?

Implementation Services are expected to grow, with projected valuations ranging from 8.67 to 14.42 USD Billion.

What are the projected values for Cloud-Based deployment in the Industrial Cyber Security Market?

The projected values for Cloud-Based deployment in the Industrial Cyber Security Market range from 8.33 to 13.46 USD Billion.

Which end-user segments are expected to drive growth in the Industrial Cyber Security Market?

The Manufacturing, Energy and Utilities, and Transportation segments are expected to drive growth, with projected values of 6.0 to 9.5, 5.0 to 8.0, and 5.67 to 9.42 USD Billion, respectively.

What is the projected valuation for Managed Services in the Industrial Cyber Security Market?

Managed Services are projected to have a valuation ranging from 5.0 to 8.0 USD Billion.

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