As per MRFR analysis, the Industrial Cyber Security Market Size was estimated at 15.86 (USD Billion) in 2023. The Industrial Cyber Security Market Industry is expected to grow from 17.3(USD Billion) in 2024 to 45 (USD Billion) by 2035. The Industrial Cyber Security Market CAGR (growth rate) is expected to be around 9.08% during the forecast period (2025 – 2035).
Significant developments in the Industrial Cyber Security Market are being driven by growing industrial environment digitalization and rising cyber-attacks aimed at vital infrastructure. Industries all around are realizing the need for sophisticated security measures to guard against these dangers, which is causing more cyber security solution investment. The move toward Industry 4.0, marked by the inclusion of IoT and artificial intelligence technology in industrial processes, is also helping to drive the adoption of strong cybersecurity systems. Production sites' interconnection increases their susceptibility to cyberattacks, which calls for the use of thorough security measures to protect operations.
Manufacturers and service providers aiming to improve their security postures are driving growth in the Industrial Cyber Security Market. Governments and international bodies are pushing stricter cybersecurity rules, hence encouraging service providers to focus on risk management and compliance. This legislative emphasis might provide companies the direction they need to strengthen their defences, thus increasing the need for combined security goods and services. There is a clear trend lately toward the usage of cloud-based security solutions, which enable real-time monitoring and threat detection across many industrial networks.
The use of machine learning and artificial intelligence for predictive analytics is also gaining popularity since it enables companies to spot dangers before they develop into momentous events proactively. The future of the Industrial Cyber Security Market will, therefore, be shaped by the interaction of evolving technology and legal frameworks, which will provide a scene ready for creative ideas and wise investment.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cyber-attacks aimed at vital infrastructure and industrial control systems are rising noticeably in the Industrial Cyber Security Market. Reports say that more than 50% of manufacturing and processing industries have suffered some kind of cyber event in the last two years, generating significant financial losses. Robust cybersecurity policies are required to address this increase in cyberattacks, especially from organized crime and state-sponsored entities.
Groups like the International Society of Automation underline the pressing need for better security measures to protect industrial activities. The need for sophisticated industrial cybersecurity solutions is likely to increase as businesses depend more on digital technology and interact with one another, hence pushing the industry forward.
Governments worldwide are tightening rules to safeguard vital infrastructure, strengthening the Industrial Cyber Security Market. For example, the North American Electric Reliability Corporation has set rigorous cybersecurity criteria for the power supply chain, requiring businesses to follow specific rules to guarantee safety. Regulatory pressure of this kind is pushing sectors to implement thorough cybersecurity plans and technologies. Hence, increasing market demand is projected over the next years as businesses spend much to follow these rules.
The Industrial Cyber Security Market Industry is being reshaped by the growing number of Internet of Things (IoT) devices in industrial environments. Recent research projects that by 2025, the industrial industry will have more than 75 billion linked devices. As smartphones become the primary targets for attackers, their quick adoption creates significant security concerns. Major companies like Siemens and General Electric are realizing the need to include cyber security in their IoT solutions, hence generating market demand for defensive technologies as they try to reduce risks connected with this expansion.
The Industrial Cyber Security Market for Solutions is projected to show significant growth in the coming years, reflecting a rising demand for advanced protective measures across various industrial sectors. By 2024, this segment is valued at 17.3 USD Billion and is expected to expand to 45.0 USD Billion by 2035. Key components of this market include Network Security, Endpoint Security, Application Security, and Data Security, each playing a vital role in ensuring the integrity and safety of industrial operations. Network Security accounts for a significant share, with a valuation of 4.5 USD Billion in 2024 and expected growth to 12.0 USD Billion by 2035, establishing itself as a crucial element in safeguarding communications within industrial environments.
Its focus on protecting networks from vulnerabilities makes it essential for mitigating risks associated with unauthorized access and cyber threats. Endpoint Security is another critical component, projected to grow from 3.6 USD Billion in 2024 to 9.5 USD Billion in 2035, highlighting its importance in defending individual devices connected to a network from cyber attacks. This sub-segment enables industries to adopt more robust security measures for devices like sensors, computers, and other operational technologies. Application Security represents a significant area of concern, valued at 3.0 USD Billion in 2024 and anticipated to reach 7.5 USD Billion by 2035, as enterprises increasingly rely on customized software applications for their operations.
Ensuring that these applications are resilient against attacks is vital for maintaining business continuity and protecting sensitive information. Meanwhile, Data Security leads with a valuation of 6.2 USD Billion in 2024 and a projected rise to 16.0 USD Billion by 2035, emphasizing the growing necessity of ensuring data integrity and confidentiality amidst rising cyber threats. This segment encompasses strategies that protect data at rest and during transmission, making it paramount for industries focused on maintaining compliance with various regulations and safeguarding against data breaches.
Overall, the growing complexity of cyber threats and the increasing digitization of industrial environments are major growth drivers for the Industrial Cyber Security Market Solutions segment, as organizations strive to invest in comprehensive security strategies to mitigate potential risks and vulnerabilities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Industrial Cyber Security Market, particularly the Service segment, has been gaining significant traction, with a projected value of 17.3 USD Billion by 2024. This growth is driven by an increasing need for robust security measures as industries recognize the critical importance of safeguarding their infrastructure from cyber threats. Within the Service segment, Consulting plays a vital role by helping organizations assess vulnerabilities and develop tailored strategies, while Managed Services ensure continuous monitoring and protection against ongoing cyber risks.
Implementation Services are also crucial as they facilitate the integration of security measures into existing systems, ensuring a seamless transition. The growing complexity of industrial operations and the rise in cyberattacks are key factors propelling this segment. The Industrial Cyber Security Market data reflects a strong emphasis on these services, which are essential for enhancing resilience against evolving threats. With the rapid advancement in technology, the segmentation trends indicate a shift towards comprehensive security frameworks encompassing various aspects of industrial operations, highlighting the importance of collaboration and expertise across the board.
The Industrial Cyber Security Market, particularly focusing on the Deployment Mode segment, has been witnessing significant growth, with the overall market expected to reach a value of 17.3 billion USD by 2024. Among the deployment options, On-Premises and Cloud-Based solutions are key players, each offering unique advantages to end-users. On-Premises deployment often provides enhanced control and security, which is essential for industries dealing with sensitive data, while Cloud-Based solutions foster scalability and flexibility, allowing organizations to adapt to changing needs effectively.
The growing frequency of cyber threats is a major driver for the industry's expansion as businesses prioritize cybersecurity measures to protect their infrastructure. The Industrial Cyber Security Market segmentation highlights that Cloud-Based deployment is rapidly gaining traction due to its cost-effectiveness and accessibility for businesses of all sizes. The convergence of advanced technologies such as Internet of Things (IoT) and artificial intelligence within this market enhances the complexity and necessity of robust security measures, making these deployment modes integral to organizations' overall cybersecurity strategies.
This evolution is evident in Industrial Cyber Security Market data, which reflects an increasing investment in cybersecurity technologies aimed at mitigating risks associated with digital transformation across various sectors.
The Industrial Cyber Security Market is projected to reach a valuation of 17.3 USD Billion by 2024, and the End User segment plays a crucial role in this growth. This segment is characterized by key industries such as Manufacturing, Energy and Utilities, and Transportation. Manufacturing, being a cornerstone of the industrial sector, is increasingly prioritizing cybersecurity solutions to safeguard sensitive data and critical operations from cyber threats. The Energy and Utilities sector follows closely, as securing infrastructure is vital to maintain service reliability and public safety.
Transportation systems also increasingly highlight the importance of cybersecurity, driven by the integration of IoT technologies and digital systems in ensuring safe and efficient operations. The market growth in these areas is influenced by rising cyber threats, coupled with increasing regulatory compliance demands. The Industrial Cyber Security Market statistics show a clear trajectory toward enhanced security protocols, making it a significant area for investment and innovation.
The Industrial Cyber Security Market is projected to be valued at 17.3 USD Billion in 2024, with significant contributions from various regions. In North America, the market is expected to reach 6.5 USD Billion in 2024, making it a major player, largely due to advanced technological infrastructure and stringent regulatory measures. Europe follows with a valuation of 4.2 USD Billion, benefiting from a strong emphasis on cybersecurity initiatives amid rising threats. The APAC region is forecasted to hold a market value of 3.5 USD Billion in 2024, capturing growth driven by manufacturing and energy sectors increasingly adopting IoT and automation technologies.
South America and MEA are smaller markets, valued at 1.7 USD Billion and 1.4 USD Billion respectively in 2024; however, they show potential for growth as organizations recognize the need for robust security frameworks. This segmentation illustrates the diverse landscape of the Industrial Cyber Security Market industry, highlighting regional strengths and varying growth drivers, which collectively shape market dynamics. The increasing need for data protection and regulatory compliance across these regions presents opportunities for further market expansion and development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Industrial Cyber Security Market is witnessing significant developments as organizations increasingly prioritize the protection of their industrial operations against cyber threats. This market encompasses a range of solutions designed to safeguard critical infrastructure, manufacturing systems, and operational technology from cyberattacks. As digital transformation accelerates across industries, the demand for robust cybersecurity measures is intensifying, leading to a highly competitive landscape. Companies are constantly innovating, enhancing their service offerings, and forming strategic partnerships to capture market share. The emergence of new technologies such as artificial intelligence and machine learning further complicates the competitive dynamics within this market, necessitating that industry players remain agile to address evolving risks.
ABB has established itself as a prominent player in the Industrial Cyber Security Market, leveraging its deep domain expertise in automation and power technologies. The company’s strengths lie in its comprehensive portfolio that includes end-to-end cybersecurity solutions aimed at protecting industrial systems from sophisticated threats. ABB's global presence allows it to cater to a diverse range of industries, including oil and gas, manufacturing, and utilities, which further solidifies its competitive advantage. The company’s commitment to innovation, backed by significant investments in research and development, positions ABB favorably in the market. Furthermore, its ability to integrate cybersecurity measures seamlessly into existing infrastructure is a testament to its strengths in providing tailored solutions that meet the unique needs of customers across various sectors.
IBM is a key competitor in the Industrial Cyber Security Market with a robust array of services designed to protect industrial environments. IBM's expertise in advanced analytics, artificial intelligence, and cloud offerings allows it to provide sophisticated solutions for threat detection and response. The company significantly invests in research and development to ensure that its cybersecurity services are at the forefront of technology trends. IBM’s security products and platforms are comprehensive, including endpoint protection, network security, and identity management solutions tailored for industrial applications. The company has also expanded its market presence through strategic mergers and acquisitions, enhancing its capabilities and strengthening its overall service portfolio. Its esteemed brand recognition, alongside its proactive approach to evolving cybersecurity challenges, establishes IBM as a formidable force within the global industrial cyber security landscape, enabling businesses to secure their critical infrastructure from cyber threats.
ABB
IBM
Rockwell Automation
Claroty
Fortinet
Palo Alto Networks
Dragos
CrowdStrike
Schneider Electric
Microsoft
Cisco Systems
Honeywell
McAfee
Siemens
CyberArk
Recent developments in the Industrial Cyber Security Market have been influenced by the increasing need for robust security solutions amid rising cyber threats. Key players such as ABB, IBM, and Rockwell Automation have reported advancements in their cybersecurity offerings, focusing on integrating Artificial Intelligence and machine learning for enhanced threat detection. In September 2023, Fortinet expanded its portfolio with new security features aimed at industrial control systems, catering to the growing demand for IoT security. Currently, the market is witnessing a surge in investments due to increasing regulatory requirements for cybersecurity compliance, notably in sectors like energy and manufacturing. Notably, in July 2023, Palo Alto Networks acquired a cybersecurity firm to strengthen its industrial security capabilities, enhancing its market position. Other notable companies such as Schneider Electric and Honeywell have bolstered their partnerships with technology providers to fortify their cybersecurity infrastructures. Over the past few years, significant incidents like the Colonial Pipeline cyberattack in May 2021 have underscored the importance of industrial cybersecurity, propelling investments and innovations across the global landscape. The market is expected to continue evolving rapidly as stakeholders prioritize securing their operational technologies against emerging cyber threats.
Network Security
Endpoint Security
Application Security
Data Security
Consulting
Managed Services
Implementation Services
On-Premises
Cloud-Based
Manufacturing
Energy and Utilities
Transportation
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 15.86 (USD Billion) |
| MARKET SIZE 2024 | 17.3 (USD Billion) |
| MARKET SIZE 2035 | 45.0 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.08% (2025 - 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 | ABB, IBM, Rockwell Automation, Claroty, Fortinet, Palo Alto Networks, Dragos, CrowdStrike, Schneider Electric, Microsoft, Cisco Systems, Honeywell, McAfee, Siemens, CyberArk |
| SEGMENTS COVERED | Solution, Service, Deployment Mode, End User, Regional |
| KEY MARKET OPPORTUNITIES | Increased IoT device security, Regulatory compliance demands, Enhanced threat detection capabilities, Remote monitoring solutions, Integration with AI technologies |
| KEY MARKET DYNAMICS | increasing cyber threats, regulatory compliance demands, rising IoT adoption, need for threat intelligence, growing investments in security |
| COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Industrial Cyber Security Market is expected to be valued at 17.3 billion USD in 2024.
By 2035, the market is anticipated to grow to 45.0 billion USD.
The market is projected to grow at a CAGR of 9.08% from 2025 to 2035.
North America is projected to hold the largest market share, valued at 6.5 billion USD in 2024.
The Endpoint Security segment is expected to reach 9.5 billion USD by 2035.
The Data Security segment is expected to be valued at 6.2 billion USD in 2024 and 16.0 billion USD in 2035.
Major players in the market include companies such as ABB, IBM, Rockwell Automation, and Fortinet.
The Network Security segment is projected to be valued at 12.0 billion USD in 2035.
The APAC region is expected to have a market size of 3.5 billion USD in 2024.
Increased cyber threats and the growing need for data protection are key growth drivers for the market.
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Research Analyst Level II
With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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