USD 22.81 Billion
Industrial Cybersecurity Market Size, Share, and Growth Analysis
Industrial Cybersecurity Market Size, Share, Growth Analysis, By Product Type (Hardware, Software & Services), By End User (Energy, Utilities, Manufacturing, Transportation, & Others), By Organization Size (Large Enterprises, Small & Medium Enterprises), By Region-Industry Forecast 2025-2032
Report ID:
SQMIG45B2221 |
Region:
Global |
Published Date: July, 2025
Pages:
199
|Tables:
114
|Figures:
69
Format -
Industrial Cybersecurity Market Insights
Global Industrial Cybersecurity Market Size was valued at USD 22.81 Billion in 2023 and is poised to grow from USD 25.11 Billion in 2024 to USD 54.35 Billion by 2032, growing at a CAGR of 10.1% in the forecast period (2025-2032).
Industrial cybersecurity market continues to grow at a rapid rate with the assistance of the growing threat landscape and increasing adoption of Industry 4.0 technologies. Increasing ransomware attacks on production networks and critical infrastructure are among the leading drivers in 2024, prompting business organizations to invest heavily in secure products.
Another driver is the increasing requirements for regulatory compliance, forcing companies to pursue compliance led security efforts. Few of the dominant trends are the leverage of AI and machine learning to detect threats in real time and carry out predictive analytics. For instance, a number of companies in 2024 used AI-driven anomaly detection solutions to protect their operational technology environments from insider and external threats.
Yet, there are limitations, including unavailability of skilled cybersecurity experts and cost of implementation, particularly for small and medium sized enterprises. These are limitations to mass application of integrated industrial cybersecurity solutions in certain areas.
How is AI Transforming Threat Detection in Industrial Cyber Security?
Artificial Intelligence (AI) is transforming industrial threat detection in the industrial cybersecurity space with faster, more precise detection of cyber threats in sophisticated operating environments. Conventional rule-based systems are likely to miss new or novel attacks, while AI utilizes machine learning algorithms to analyze network behavior, identify anomalies, and forecast anticipated breaches in real-time.
In 2025, AI-based systems are used to continuously monitor Industrial Control Systems (ICS) and SCADA environments for any anomalous activity which would represent a cyber threat. Pioneering companies are combining AI with Security Information and Event Management (SIEM) technology and endpoint detection software to automate incident response, making it faster and eliminating false positives. They become more accurate over time, fine tuning the art of their detection in line with changing attack signatures. This is particularly useful when defending important infrastructure, where loss of service or breach can result in operational disruption, financial loss, or even physical harm concerns. AI is rapidly becoming the basis for proactive cyber defense
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
Fastest Growth
Hrdware
Growth Rate
10.1% CAGR
Global Industrial Cybersecurity Market ($ Bn)
Country Share for North America Region (%)
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Industrial Cybersecurity Market Segments Analysis
The industrial cybersecurity market is segmented into component type, end user, organization size, and region. Based on component type, the market is segmented into hardware, software & services. Based on end user, the market is segmented into energy, utilities, manufacturing, transportation, & others. Based on organization size, the market is segmented into large enterprises small & medium enterprises. Based on region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Which Type of Enterprise is Driving Investment in Advanced Industrial Cybersecurity Solutions?
Large enterprises currently dominate the industrial cybersecurity market. These organizations have vast and complex operational technology (OT) infrastructures—often spanning across global manufacturing plants, energy facilities, or critical infrastructure systems. Due to the high value of their assets and the potentially catastrophic impact of cyberattacks, they invest heavily in advanced cybersecurity solutions. Their larger budgets and in-house IT/OT security teams allow them to implement multi-layered defense systems, including hardware firewalls, threat detection systems, and real-time monitoring platforms.
As per the global industrial cybersecurity forecast, medium-sized enterprises represent the fastest-growing segment in the market. While they traditionally lagged large enterprises in cybersecurity adoption, the increasing frequency of cyberattacks targeting mid-sized manufacturers and supply chain partners has heightened their awareness.
Why Are Hardware-Based Solutions Preferred Over Software in Industrial Settings?
According to global industrial cybersecurity market analysis, hardware remains dominant due to its essential role in securing operational technology (OT) environments through devices like firewalls and gateways. Unlike traditional IT systems, OT environments involve physical machinery and infrastructure that demand real-time protection and uninterrupted performance. Hardware-based solutions such as industrial firewalls, secure routers, and intrusion detection gateways provide a robust, low-latency, and tamper-resistant layer of security that software alone often can't match.
However, software is the fastest growing sub segment, driven by increasing demand for cloud-based threat detection, real time monitoring, and incident response solutions. The rise of Industry 4.0, smart factories, and remote industrial operations is accelerating adoption of integrated cybersecurity platforms and managed services, making this segment crucial for future ready, scalable protection.
Global Industrial Cybersecurity Market By Product Type (%)
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Industrial Cybersecurity Market Regional Insights
How is the Industrial Cybersecurity Market Performing in North America?
As per regional forecast, North America represents a mature and innovation-driven industrial cybersecurity market, North America dominates the global industrial cybersecurity market during the forecast period 2025-2032. The growth in the North America region is due to the presence of some top software companies like Rockwell Automation, Inc., Cisco System, Inc., CyberArk Software Ltd., and other software companies.
Industrial Cybersecurity Market in United States
As per regional outlook, the U.S. remains one of the largest industrial cybersecurity market globally, the American industrial cybersecurity industry is advanced in terms of increasing cyber threats, protection of critical infrastructure, and strict government policies. The energy and manufacturing sectors spend heavily on security for networks and cloud. The leaders in the industry are IBM, Honeywell, and Cisco, with additional emphasis on endpoints and protection of SCADA.
Industrial Cybersecurity Market in Canada
Canada's industrial cybersecurity market is growing due to increasing cyber threats in energy, manufacturing, and utility industries. Governments and NIST compliance are the drivers of adoption. Network and cloud security are the leaders, while endpoint protection is gaining momentum. Fortinet, IBM, and local companies such as Darktrace Canada are the market leaders.
What Drives Growth in the Asia-Pacific Industrial Cybersecurity Market?
Asia Pacific industrial cybersecurity market growth is spurred by industrialization, rising utilization of IoT and intelligent manufacturing, and rising cyber assaults. Regulatory measures from the government, particularly in India, Japan, and China, are compelling companies to bolster their cybersecurity. Network and cloud security solution demand is growing fairly substantially throughout the region.
Industrial Cybersecurity Market in Japan
As per industry analysis, Japan's industrial cybersecurity market is developing step by step with its cutting-edge manufacturing industry, rising automation, and disseminating cyber threats. Government policy urging such as the cybersecurity strategy and encouraging critical infrastructure security drives adoption. SCADA security, network security, and incident response are areas of interest with strong engagement by local and international tech companies.
Industrial Cybersecurity Market in South Korea
Industrial security in South Korea's market is growing at an incredible rate with its robust electronics, auto, and intelligent manufacturing industries. Government efforts under the "K Cyber Security Strategy" and mounting attacks on the country's critical infrastructure are prime growth impulses. Solutions for network security, ICS/SCADA security, and AI driven threat detection are prime interest areas.
How Does Europe Lead Ethical and Sustainable Industrial Cybersecurity Market?
Europe paces the way on ethical, sustainable industrial cybersecurity thanks to robust regulations such as NIS2 and GDPR, which support data privacy and digital ethics. Green IT, ethical AI, and secure-by-design support sustainability. EU investment and public private cooperation spur innovation in environmentally friendly, traceable, cybersecurity in key industrial sectors.
Industrial Cybersecurity Market in Germany
Germany's industrial cybersecurity industry is strong, fueled by its high end manufacturing infrastructure and Industry 4.0 drive. Germany places strong focus on safeguarding critical infrastructure, with strong government regulations and EU directives. SCADA security, network security, and threat intelligence are principal areas of focus, backed by companies like Siemens, Bosch, and principal global cybersecurity vendors.
Industrial Cybersecurity Market in United Kingdom
Industrial cybersecurity market of United Kingdom is developing at a fast pace, which is driven by growing threats to the critical infrastructure and strong regulatory policies such as national cyber strategy. Manufacturing and energy are some of the major industries that invest heavily in SCADA and network security. Major players are Darktrace, BAE Systems, and global cybersecurity companies.
Industrial Cybersecurity Market in Italy
Italy’s industrial cybersecurity market is growing steadily, driven by digital transformation in manufacturing and rising cyber threats to critical infrastructure. Government initiatives aligned with EU directives support cybersecurity adoption. Key focus areas include network security, SCADA protection, and compliance solutions, with contributions from both domestic firms and global cybersecurity providers.
Global Industrial Cybersecurity Market By Geography
- Largest
- Fastest
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Industrial Cybersecurity Market Dynamics
Industrial Cybersecurity Market Drivers
Rising Threat Landscape and Ransomware Attacks
- By 2025, escalating ransomware assaults on the global critical infrastructure such as the attack on Texas's water utility in February 2025 are pushing industries to spend on sophisticated cybersecurity technology. This increasing threat landscape is pushing manufacturers to invest in aggressive intrusion detection and real time monitoring to block disruption of operations and guarantee compliance.
Integration of AI and Machine Learning
- The tide of AI driven threat detection technology in 2025, including Siemens ‘Xcelerator platform, is revolutionizing industrial cybersecurity. Such solutions provide predictive threat intelligence and automated response, allowing industries to minimize downtime and enhance immunity against advanced attacks aimed at OT and IT convergence for smart factories.
Industrial Cybersecurity Market Restraints
High Implementation Costs
- Most mid-size manufacturers in 2025 postpone cybersecurity upgrades because they are too expensive. For example, a michigan auto parts maker delayed OT security upgrades based on expense. The requirement for specialized hardware, training, and integration into legacy systems prevents adoption, particularly in cost-conscious industrial sectors.
Lack of Skilled Workforce
- Despite demand, a global shortage of industrial cybersecurity professionals persists in 2025. Industries struggle to recruit experts with knowledge of both IT and OT systems, slowing down implementation and weakening real time threat response capabilities.
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Industrial Cybersecurity Market Competitive Landscape
The global industrial cybersecurity industry competition is characterized by accelerated technology uptake, strategic alliances, and increased focus on securing operational technology environments. Global industry giants like Siemens, Honeywell, ABB, and Fortinet are using their knowledge of the industrial space to provide end-to-end cybersecurity solutions that solve the problem of IT and OT system convergence.
As per the market strategies, in 2024 honey well collaborated with nozomi networks to incorporate advanced network visibility and anomaly detection capabilities in its industrial control systems to provide real time security to its manufacturing and energy customers.
New cybersecurity companies are transforming the market with niche market and legacy system environment specific solutions.
- Claroty (Founded in 2015, USA): Claroty specializes in protecting cyber-physical systems in industrial, healthcare, and critical infrastructure markets. Its OT, IoT, and IIoT visibility in depth, supported by such capabilities as continuous threat discovery and safe remote access, appeals to global organizations looking for customized and scalable solutions.
- Dragos (Founded in 2016, USA): Dragos specializes in safeguarding industrial control systems. Its 2024 release of Neighborhood Keeper 2.0, an open threat intelligence platform, offers anonymized threat sharing across industries. With a strong public-private sector partnership, Dragos is vital to the cybersecurity of national infrastructure.
Top Player’s Company Profiles
- Siemens
- Honeywell
- ABB
- Schneider Electric
- Fortinet
- Rockwell Automation
- Claroty
- Dragos
- Nozomi Networks
- Tenable
- CyberX (Microsoft)
- Radiflow
Recent Developments in Industrial Cybersecurity Market
- In January 2025, Dragos launched Neighborhood Keeper, making it possible for secure, anonymized sharing of threat intelligence between critical infrastructure operators. The launch extends collective defense without risking confidentiality.
- In August 2024, Fortinet released an enhanced Security Fabric to protect converged IT and OT networks. The solution delivers centralized visibility, real-time monitoring, and zero trust security, focusing on industrial organizations that are undergoing digital transformation.
- In November 2024, Honeywell deepened its partnership with nozomi networks to combine advanced OT monitoring in industrial control systems. The partnership enhances situational awareness and anomaly detection in high risk areas such as oil & gas.
Industrial Cybersecurity Key Market Trends
- Convergence of IT and OT Systems: Industrial ecosystems are increasingly being converged by information technology (IT) and operational technology (OT), creating emerging attack surfaces. In 2024, security vendors will react with converged platforms delivering real-time visibility and defense in both domains. It is being fueled by the use of smart factory, Industry 4.0, and centralized risk management needs of manufacturing, energy, and utilities.
- Regulatory Pressure and Compliance : Expenditure are on the increase regulators around the world are applying stricter cybersecurity controls to mission critical infrastructure. The EU 2024 NIS2 directive and U.S. CISA rules are compelling companies to incorporate OT security patches. Industrial plant owners are therefore implementing regulation readiness technologies such as network segmentation, anomaly detection, and incident response software to catch up to code and avoid stiff penalties.
Industrial Cybersecurity Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, key drivers for market growth are the increasing dependency on industrialized infrastructure that is digitalized and internet connected devices. Growing usage of IoT, automation, and smart sensors by industries and energy sectors is a main driver to augmented global demand. Threats from cyber-attacks on operational technology increasingly make organizations aware, driving them to make proactive security investments. The adoption of industrial cybersecurity solutions has experienced unprecedented growth in recent times, especially among critical infrastructure industries. The trend continues to be strong in developed economies, where digital transformation is gaining steady ground.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 22.81 Billion |
| Market size value in 2032 | USD 54.35 Billion |
| Growth Rate | 10.1% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Cybersecurity Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Cybersecurity Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Cybersecurity Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Cybersecurity Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Cybersecurity Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Cybersecurity Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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