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Industrial Cybersecurity Market

Global Industrial Cybersecurity Market Size, Share, Forecast: By Component: Product, Solutions, Services; By Security: Network Security, Application Security, End-point Security, Cloud Security, Others; By End Use: Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Industrial Cybersecurity Market Outlook

The global industrial cybersecurity market reached a value of about USD 21.11 billion in 2023. The market is further estimated to grow at a CAGR of 7.10% in the forecast period of 2024-2032 to reach a value of around USD 39.17 billion by 2032.

 

industrial-cybersecurity-market

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Rising Demand for Firewall Solutions to Aid the Market Growth of Industrial Cybersecurity

Based on solution, the implementation of firewall to protect network devices, such as industrial PCs, control systems and others, from unauthorised access by preventing traffic is aiding the growth of the industrial cybersecurity market. Firewalls are available in various types, like packet filtering, circuit-level gateway, proxy server, and web application firewall. The third-party firewall packages, such as Norton personal firewall and McAfee personal firewalls, offer free trials of their commercial versions, which is providing impetus to the market development. Firewalls act as the first line of defence, and traditional firewalls help in monitoring network traffic, preventing virus attacks, and promoting privacy. Additionally, the availability of network firewalls that provide multiple advantages like simple infrastructure, consistent network speed, and updated threat protection is accelerating the market for industrial cybersecurity. The introduction of firewalls as a service and their growing importance in URL filtering, advanced threat protection, DNS security, intrusion prevention, and zero-trust access controls is likely to aid the market over the forecast period.

 

Market Segmentation

Industrial cybersecurity includes technologies and services developed to secure industrial operations and enable seamless industrial processes. It also includes identifying the risks, implementing measures to reduce these risks, and ensuring the effectiveness of these measures in response to threats. Various industries like power, chemicals, manufacturing, utilities, and others use cybersecurity technologies to protect all information systems from damage.

 

industrial-cybersecurity-market-by-segments

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The market for industrial cybersecurity, by component, is divided into:

  • Product
    • Gateways 
    • Networking Devices
  • Solutions
    • Antivirus/ Malware
    • Firewall
    • SCADA Encryption
    • Virtualisation Security
    • Data Loss Prevention (DLP)
    • Security Information and Event Management (SIEM)
    • Others
  • Services
    • Managed Services
    • Professional Services

Based on security, the market is segmented into:

  • Network Security
  • Application Security
  • End-point Security
  • Cloud Security
  • Wireless Security
  • Others

On the basis of end use, the market is classified into:

  • Power Industry
  • Utilities 
  • Transportation
  • Chemicals and Manufacturing
  • Others

The regional markets for industrial cybersecurity can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

industrial-cybersecurity-market-by-region

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Rising Use of Technologies Across Industries to Drive the Market Growth of Industrial Cybersecurity

The growing utilisation of technologies for higher efficiency and the expanding connection between industrial machines, equipment and systems make the industries more vulnerable to cyber-attacks. Industry 4.0 and smart factories are leading to the application of smart automation, cyber-physical systems, the Internet of Things, and cognitive and cloud computing to make the manufacturing sector more competitive, which is driving the industrial cybersecurity market growth. There is a rising awareness among manufacturers about the operational risks associated with cyberattacks, such as losses and alteration of sensitive data, which can pose a danger to industrial facilities. As a result, the manufacturers are increasingly adopting comprehensive and state-of-the-art solutions to address their specialised security needs. Additionally, various organisations are continuously working on training their employees to respond and recover from a cyberattack. National standards like LPM, ANSSI Guides, NIS Directive, and IEC 62 443 standards are playing a critical role in enhancing the deployment of cybersecurity solutions. The strong presence of market players and their initiatives towards offering safe, seamless, and secure digitalised manufacturing processes are expected to augment the market over the forecast period.

 

Key Players in the Global Market for Industrial Cybersecurity

The report gives a detailed analysis of the following key players in the global industrial cybersecurity market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Dell Technologies Inc.
  • ABB Ltd.
  • International Business Machines Corporation
  • Rockwell Automation, Inc.
  • Cisco Systems, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Security
  • End Use
  • Region
Breakup by Component
  • Product
    • Gateways 
    • Networking Devices
  • Solutions
    • Antivirus/ Malware
    • Firewall
    • SCADA Encryption
    • Virtualisation Security
    • Data Loss Prevention (DLP)
    • Security Information and Event Management (SIEM)
    • Others
  • Services
    • Managed Services
    • Professional Services
Breakup by Security
  • Network Security
  • Application Security
  • End-point Security
  • Cloud Security
  • Wireless Security
  • Others
Breakup by End Use
  • Power Industry
  • Utilities 
  • Transportation
  • Chemicals and Manufacturing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Dell Technologies Inc.
  • ABB Ltd.
  • International Business Machines Corporation
  • Rockwell Automation, Inc.
  • Cisco Systems, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Application
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Industrial Cybersecurity Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Industrial Cybersecurity Historical Market (2018-2023) 
    8.3    Global Industrial Cybersecurity Market Forecast (2024-2032)
    8.4    Global Industrial Cybersecurity Market by Component
        8.4.1    Product
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Gateways 
                8.4.1.3.2    Networking Devices
        8.4.2    Solutions
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Antivirus/ Malware
                8.4.2.3.2    Firewall
                8.4.2.3.3    SCADA Encryption
                8.4.2.3.4    Virtualisation Security
                8.4.2.3.5    Data Loss Prevention (DLP)
                8.4.2.3.6    Security Information and Event Management (SIEM)
                8.4.2.3.7    Others 
        8.4.3    Services
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
            8.4.3.3    Breakup by Type
                8.4.3.3.1    Managed Services
                8.4.3.3.2    Professional Services
    8.5    Global Industrial Cybersecurity Market by Security 
        8.5.1    Network Security
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Application Security
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    End-point Security
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Cloud Security
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Wireless Security
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Industrial Cybersecurity Market by End Use 
        8.6.1    Power Industry
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Utilities 
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Transportation
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Chemicals and Manufacturing
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others    
    8.7    Global Industrial Cybersecurity Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Industrial Cybersecurity Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Industrial Cybersecurity Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Industrial Cybersecurity Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Industrial Cybersecurity Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Industrial Cybersecurity Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Dell Technologies Inc. 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    ABB Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    International Business Machines Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Rockwell Automation, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Cisco Systems, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Industrial Cybersecurity Market: Key Industry Highlights, 2018 and 2032
2.    Global Industrial Cybersecurity Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Industrial Cybersecurity Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Industrial Cybersecurity Historical Market: Breakup by Security (USD Billion), 2018-2023
5.    Global Industrial Cybersecurity Market Forecast: Breakup by Security (USD Billion), 2024-2032
6.    Global Industrial Cybersecurity Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Industrial Cybersecurity Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Industrial Cybersecurity Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Industrial Cybersecurity Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Industrial Cybersecurity Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Industrial Cybersecurity Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Industrial Cybersecurity Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Industrial Cybersecurity Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Industrial Cybersecurity Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Industrial Cybersecurity Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Industrial Cybersecurity Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Industrial Cybersecurity Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Industrial Cybersecurity Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Industrial Cybersecurity Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Industrial Cybersecurity Market Structure

Key Questions Answered in the Report

In 2023, the global industrial cybersecurity market attained a value of nearly USD 21.11 billion.

The market is assessed to grow at a CAGR of 7.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 39.17 billion by 2032.

The major market drivers include the increasing cyber attacks, operational risks associated with cyber-attacks, adoption of state-of-the-art solutions by manufacturers, rising awareness about the importance of cyber security, availability of various types of efficient firewalls, and initiatives taken by organisations in training their employees to respond to cyber-attacks.

The key trends guiding the growth of the market include the rising use of technologies in industrial facilities and the shift towards automation, rapid development of smart factories, and efforts taken by market players to expand their services.

The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant components of industrial cybersecurity include products, solutions, and services.

The various segments based on security include network security, application security, end-point security, cloud security, and wireless security, among others.

The different applications of industrial cybersecurity include power industry, utilities, transportation, and chemicals and manufacturing, among others.

The major players in the market are Dell Technologies Inc., ABB Ltd., International Business Machines Corporation, Rockwell Automation, Inc., and Cisco Systems, Inc., among others.

Analyst Review

The global industrial cybersecurity market attained a value of nearly USD 21.11 billion in 2023, driven by the growing use of technologies across industrial facilities to improve efficiency and production. Aided by the rapid development of smart facilities and the increasing concerns regarding cyberattacks, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.10%. The market is estimated to reach about USD 39.17 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for industrial cybersecurity, by component, is divided into products, solutions, and services.  Based on security, the market is segmented into network security, application security, end-point security, cloud security, and wireless security, among others. On the basis of end uses, the market is classified into power industry, utilities, transportation, and chemicals and manufacturing, among others. The major regional markets for industrial cybersecurity are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Dell Technologies Inc., ABB Ltd., International Business Machines Corporation, Rockwell Automation, Inc., and Cisco Systems, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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