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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 Infographic
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    Industrial Cyber Security Market Summary

    As per Market Research Future Analysis, the Industrial Cyber Security Market was valued at 16.67 USD Billion in 2024 and is projected to grow to 26.92 USD Billion by 2035, reflecting a CAGR of 4.45% from 2025 to 2035. The market is driven by increasing cyber threats, regulatory compliance requirements, and the growing adoption of IoT in industries.

    Key Market Trends & Highlights

    Significant trends are shaping the Industrial Cyber Security Market, driven by technological advancements and regulatory pressures.

    • The market for Industrial Cyber Security Solutions is expected to grow from 17.3 USD Billion in 2024 to 45.0 USD Billion by 2035.
    • Network Security is projected to increase from 4.5 USD Billion in 2024 to 12.0 USD Billion by 2035.
    • Data Security leads with a valuation of 6.2 USD Billion in 2024, expected to rise to 16.0 USD Billion by 2035.
    • The Service segment is anticipated to reach 17.3 USD Billion by 2024, driven by the need for robust security measures.

    Market Size & Forecast

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

    Major Players

    Key players include ABB, IBM, Rockwell Automation, Fortinet, Palo Alto Networks, and Siemens.

    Industrial Cyber Security Market Trends

    A number of significant trends are emerging in the global industrial cybersecurity market, which is indicative of its changing environment. The growing understanding of the significance of protecting operational technology (OT) and industrial control systems (ICS) is one noteworthy trend.

    Organizations are becoming more aware of the risks associated with using new technologies as a result of the growing digital transformation occurring across sectors. Businesses make significant investments in cybersecurity solutions as a result of this increased awareness in order to defend their vital infrastructure against online attacks.

    The increasing frequency of cyberattacks that target vital infrastructure and the requirement to adhere to strict rules are two major industry factors. Businesses are encouraged to strengthen their defenses as a result of major global economies passing legislation and policies targeted at improving cybersecurity resilience.

    Recognizing the threats presented by cybercrime, governments throughout the world are increasingly boosting financing for cybersecurity programs as part of national security agendas. The need for sophisticated threat detection technologies and the incorporation of AI and ML into security systems are two opportunities to seize in the global industrial cybersecurity market.

    These technologies have the ability to foresee hazards and eliminate them before they have a chance to do serious damage. Furthermore, the continuous transition to Industry 4.0 offers service providers a huge chance to offer customized cybersecurity solutions that can protect networked devices and systems.

    The demand for strong cybersecurity measures has increased recently due to developments like the Internet of Things (IoT) and the growth of remote work. Organizations must create all-encompassing plans to protect their operations as the attack surfaces get larger and industrial networks become more linked.

    Trends in cybersecurity are also influenced by the worldwide push for sustainability, as businesses look to defend their assets and their dedication to ecologically friendly activities against potential cyberattacks.

     

    The increasing interconnectivity of industrial systems appears to heighten vulnerabilities, necessitating robust cybersecurity measures to safeguard critical infrastructure.

    U.S. Department of Homeland Security

    Industrial Cyber Security Market Drivers

    Regulatory Compliance

    Regulatory compliance is a significant driver for the Global Industrial Cyber Security Market Industry. Governments worldwide are implementing stringent regulations to protect critical infrastructure from cyber threats. For instance, the NIST Cybersecurity Framework in the United States encourages organizations to adopt comprehensive security measures. Compliance with these regulations often necessitates substantial investments in cybersecurity solutions. As industries strive to meet these requirements, the market is expected to grow, with projections indicating a rise to 45 USD Billion by 2035. Failure to comply can result in severe penalties, further motivating organizations to enhance their cybersecurity posture.

    Increasing Cyber Threats

    The Global Industrial Cyber Security Market Industry is experiencing heightened demand due to the increasing frequency and sophistication of cyber threats. Industries such as manufacturing, energy, and transportation are particularly vulnerable, as they rely heavily on interconnected systems. In 2024, the market is projected to reach 17.3 USD Billion, driven by the need for robust security measures. Organizations are investing in advanced technologies to safeguard their operational technology environments. The potential financial impact of cyber incidents can be staggering, with estimates suggesting that breaches could cost companies millions in damages and lost revenue.

    Market Growth Projections

    The Global Industrial Cyber Security Market Industry is projected to experience substantial growth over the next decade. With a market value of 17.3 USD Billion in 2024, it is expected to reach 45 USD Billion by 2035. This growth is indicative of the increasing recognition of cybersecurity as a critical component of operational resilience. The anticipated CAGR of 9.08% from 2025 to 2035 reflects the ongoing investments in cybersecurity solutions across various sectors. As organizations continue to prioritize cybersecurity, the market is likely to expand, driven by the need for advanced protection against evolving cyber threats.

    Digital Transformation Initiatives

    The ongoing digital transformation initiatives across various sectors are propelling the Global Industrial Cyber Security Market Industry. As organizations adopt IoT, AI, and cloud technologies, the attack surface expands, necessitating enhanced cybersecurity measures. This shift is particularly evident in sectors like manufacturing, where smart factories are becoming commonplace. The market is anticipated to grow at a CAGR of 9.08% from 2025 to 2035, reflecting the urgency to secure these digital ecosystems. Companies are increasingly recognizing that robust cybersecurity is not merely a cost but a critical enabler of innovation and operational efficiency.

    Integration of Advanced Technologies

    The integration of advanced technologies is driving innovation within the Global Industrial Cyber Security Market Industry. Technologies such as artificial intelligence, machine learning, and blockchain are being leveraged to enhance security measures. These technologies provide organizations with the ability to detect anomalies, respond to threats in real-time, and ensure data integrity. As industries increasingly adopt these solutions, the market is poised for substantial growth. The potential for these technologies to revolutionize cybersecurity practices is significant, as they offer new ways to combat evolving threats and protect critical infrastructure.

    Rising Awareness of Cybersecurity Risks

    There is a growing awareness of cybersecurity risks among organizations, which is significantly influencing the Global Industrial Cyber Security Market Industry. As high-profile cyberattacks make headlines, businesses are becoming more proactive in addressing vulnerabilities. This heightened awareness is leading to increased investments in cybersecurity training and awareness programs. Furthermore, organizations are prioritizing the implementation of comprehensive security frameworks to mitigate risks. The market's growth trajectory is likely to continue as companies recognize that a strong cybersecurity posture is essential for maintaining customer trust and protecting brand reputation.

    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 Research Report - Global Forecast to 2035

    Regional Insights

    The Industrial Cyber Security Market exhibited significant regional dynamics, with North America leading in market valuation. In 2024, North America was valued at 6.0 USD Billion, and forecasts project growth to 16.0 USD Billion by 2035, showcasing its majority holding in the overall market.Europe followed, with a valuation of 4.5 USD Billion in 2024 and growth to 10.5 USD Billion by 2035, underlining its strong industrial base and regulatory frameworks promoting cybersecurity adoption.

    The Asia Pacific region is projected to reach 10.0 USD Billion by 2035, starting at 4.0 USD Billion in 2024, mainly driven by rapid technological advancements and industrialization.

    Meanwhile, South America was valued at 1.2 USD Billion in 2024 and is expected to improve to 3.0 USD Billion by 2035, reflecting a growing recognition of cybersecurity needs in emerging markets. Lastly, the Middle East and Africa were valued at 1.6 USD Billion in 2024, with forecasts reaching 5.5 USD Billion by 2035, as countries enhance their infrastructural resilience against cyber threats.This regional segmentation emphasized the varying stages of maturity and growth opportunities within the Industrial Cyber Security Market, driven by distinct regulatory landscapes, technological adoption, and industrial requirements across continents.

    Industrial_Cyber_Security_Market_3

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Industrial Cyber Security Market is characterized by rapid developments in technology and an increasing focus on safeguarding critical infrastructure from various cyber threats. As industries become more interconnected through IoT devices and automation, the importance of robust cybersecurity measures continues to grow.With a wide array of players in the market, competition remains fierce as companies strive to innovate and offer comprehensive solutions that can protect industrial environments from malware, ransomware, and advanced persistent threats.

    Organizations across sectors, including manufacturing, energy, and utilities, are seeking advanced security solutions that not only shield their systems but also ensure compliance with regulatory standards. As a result, understanding competitive dynamics is essential for stakeholders looking to navigate this evolving landscape.McAfee is recognized for its strong foothold in the Industrial Cyber Security Market, primarily through its extensive portfolio of cybersecurity solutions designed for industrial sectors. The company's strengths lie in its advanced threat detection capabilities, which leverage machine learning and artificial intelligence to preemptively identify cyber risks.

    McAfee also emphasizes a holistic approach to security that integrates endpoint protection with network defenses, essential for safeguarding complex industrial systems. Moreover, McAfee's global presence enables it to cater to clients across various regions effectively, establishing strong partnerships with key players in the industrial space.The company's commitment to innovation, including ongoing research and development efforts, positions it well to adapt to evolving security challenges faced by industrial organizations.

    Bitdefender holds a prominent position in the Industrial Cyber Security Market as well, well-regarded for its robust security solutions tailored to protect industrial environments. The company's primary offerings include next-generation endpoint protection, network security, and threat intelligence services, which are crucial in combating the sophisticated attack vectors facing industries today.

    Bitdefender's strengths are further amplified by its rapid response capabilities and its focus on proactive security measures, ensuring that industrial systems remain resilient against emerging threats. The company has also pursued strategic mergers and acquisitions to enhance its technological capabilities and expand its global reach, thereby securing partnerships that fortify its market presence.This approach enables Bitdefender to provide comprehensive and effective solutions, making it an integral part of the cybersecurity ecosystem within the industrial sector.

    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 2025 to 2035, driven by increasing cyber threats, regulatory compliance, and technological advancements.

    New opportunities lie in:

    • Develop AI-driven security solutions for real-time threat detection. Expand cybersecurity training programs tailored for industrial personnel. Invest in integrated security platforms for IoT devices in manufacturing.

    By 2035, the market is expected to be robust, reflecting heightened security measures and advanced technologies.

    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 Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    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

    Report Attribute/Metric Details
    Market Size 2024 17.3(USD Billion)
    Market Size 2035 26.92 (USD Billion)
    Compound Annual Growth Rate (CAGR) 4.45% (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 McAfee, Bitdefender, ABB, Rockwell Automation, General Electric, CrowdStrike, Fortinet, Palo Alto Networks, CyberArk, Schneider Electric, Honeywell, Cisco Systems, Siemens, Trend Micro, Darktrace
    Segments Covered Solution, Service, Deployment Mode, End-user, Regional
    Key Market Opportunities Increased regulatory compliance demand, Growing adoption of IoT devices, Enhanced cybersecurity technologies advancements, Rising incidents of cyberattacks, Expanding cloud security integration
    Key Market Dynamics growing cyber threats, increased regulatory compliance, rising industrial IoT adoption, demand for advanced security solutions, and need for operational resilience
    Countries Covered North America, Europe, APAC, South America, MEA
    Market Size 2025 17.41 (USD Billion)



     

    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 was the market size of the Industrial Cyber Security Market in 2024?

    The Industrial Cyber Security Market was valued at 17.3 USD Billion in 2024.

    How much is the Industrial Cyber Security Market projected to grow by 2035?

    By 2035, the market is anticipated to reach 45.0 USD Billion.

    What is the expected CAGR for the Industrial Cyber Security Market from 2025 to 2035?

    The expected CAGR for the market from 2025 to 2035 is 9.08%.

    Which region dominated the Industrial Cyber Security Market in 2024?

    North America dominated the market with a valuation of 6.0 USD Billion in 2024.

    What was the market size for Endpoint Security in the Industrial Cyber Security Market in 2024?

    Endpoint Security was valued at 4.3 USD Billion in the Industrial Cyber Security Market in 2024.

    How much is the Network Security segment expected to grow by 2035?

    The Network Security segment is expected to grow to 14.2 USD Billion by 2035.

    What are the key players in the Industrial Cyber Security Market?

    Major players include McAfee, Bitdefender, ABB, and Rockwell Automation.

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

    Data Security was valued at 3.9 USD Billion in 2024 within the market.

    How is the Asia Pacific region expected to perform in the Industrial Cyber Security Market by 2035?

    Asia Pacific is expected to reach a market value of 10.0 USD Billion by 2035.

    What growth opportunities exist within the Industrial Cyber Security Market?

    There are significant growth opportunities arising from increasing cyber threats and advancements in security technologies.

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