Market Overview
The global Industrial Cybersecurity Market was valued at USD 19.00 Billion in 2024 and is anticipated to reach USD 32.76 Billion by 2033. The market is forecasted to grow at a CAGR of 6.24% during the 2025-2033 period. Growth is driven by increasing cyberattacks on critical infrastructures, rising cloud solution demand, and advancements in AI and ML applications in cybersecurity.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Industrial Cybersecurity Market Key Takeaways
- The global industrial cybersecurity market size was USD 19.00 Billion in 2024.
- The market is expected to grow at a CAGR of 6.24% from 2025 to 2033.
- North America held the largest market share of 42.0% in 2024.
- Increasing cyberattacks against critical infrastructure segments like manufacturing, energy, and transportation are propelling market demand.
- Adoption of AI and ML techniques enhances threat detection and response, boosting cybersecurity solutions.
- Stringent regulations such as NIST Cybersecurity Framework and NERC CIP standards drive compliance investments.
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Market Growth Factors
The rising frequency of cyberattacks targeting critical infrastructure such as power grids, transportation systems, water treatment facilities, and healthcare is a primary growth driver. In 2023, data breached records numbered over 8.2 billion, leading to heightened demand for robust industrial cybersecurity solutions that protect interconnected devices and ensure operational continuity. The proliferation of Industrial IoT devices increases vulnerabilities, spurring investments in protection solutions.
The growing utilization of Artificial Intelligence (AI) and Machine Learning (ML) is significantly impacting market expansion. Approximately 70% of cybersecurity professionals acknowledge AI's efficacy in detecting previously unnoticed threats. AI automates threat detection, response, and routine security tasks, reducing human error and improving system accuracy over time. Adoption of blockchain further secures supply chains and transaction integrity in industrial environments.
Digital transformation in industrial sectors including smart manufacturing and automation has enhanced operational efficiency but also increased cybersecurity risks. Integration of legacy systems with modern technologies generates new vulnerabilities. Cloud computing and data analytics use demands advanced security protocols to protect sensitive information. For example, India's digital transformation is expected to create a USD 1 Trillion economy by 2028, exemplifying the scale of digitalization and the consequent need for industrial cybersecurity.
Market Segmentation
By Component:
- Product Solutions and Services: Products lead the market, driven by demand for access control, intrusion detection systems, and firewalls. These solutions protect critical infrastructures such as manufacturing plants and energy grids, especially as Industrial IoT adoption rises, requiring integrated hardware-software security.
By Security Type:
- Network Security: Commanding a 27.8% market share in 2024, network security is critical due to the need to protect industrial networks against cyber threats exploiting IT-OT integrated systems. Solutions include firewalls, VPNs, and intrusion prevention systems.
By Industry:
- Process: Industries like oil and gas, chemical, food and beverages, and energy depend on SCADA systems vulnerable to cyberattacks. They require cybersecurity to prevent operational halts and environmental hazards, with a focus on compliance and legacy system protection.
- Discrete: Sectors such as automotive, electronics, heavy manufacturing, and packaging invest in cybersecurity to safeguard automated and connected manufacturing processes.
Regional Insights
North America dominated the industrial cybersecurity market in 2024, holding a 42.0% share. The region's advanced industrial sectors, including energy, manufacturing, and transportation, drive cybersecurity investments in response to rising ransomware and APT attacks. Regulatory demands such as NIST and NERC CIP reinforce the need for robust security solutions, fueling market growth.
Recent Developments & News
In January 2025, Dragos Inc. announced a partnership with Yokogawa Electric Corporation to enhance cybersecurity in operational technology environments within process and manufacturing industries. The European Commission also introduced an EU action plan to strengthen cybersecurity in hospitals and healthcare providers in January 2025, aiming to improve threat preparedness and response. In March 2024, Microsoft launched Copilot for Security, the first generative AI solution aiding IT and security professionals in faster and more informed threat detection.
Key Players
- ABB Ltd.
- AO Kaspersky Lab
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Dell Technologies Inc.
- Honeywell International Inc.
- International Business Machines Corporation
- OPSWAT Inc.
- Proofpoint Inc.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
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