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Cyber Security For Industrial Automation Market Size | 2033
Cyber Security For Industrial Automation Market Size
As per the report, the cyber security for industrial automation market size has grown rapidly in recent years. It will grow from $10.22 billion in 2023 to $11.42 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The cyber security for industrial automation market size is expected to see rapid growth in the next few years. It will grow to $17.9 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
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Rising Cyber Attacks Drive Growth In Industrial Automation Cybersecurity Market
The surge in cyberattacks is expected to propel the growth of cyber security for the industrial automation market going forward. Cyberattacks refer to malicious actions aimed at exploiting vulnerabilities in computer systems, networks, or software applications to gain unauthorized access, disrupt operations, or cause damage to digital assets. Cyberattacks are rising due to expanding attack surfaces, sophisticated threat actors, and a need for cybersecurity awareness and preparedness. Cybersecurity for industrial automation is crucial for safeguarding critical infrastructure, ensuring operational continuity, and reducing safety, environmental, and financial risks from cyber threats. For instance, in January 2023, according to a report by Check Point, an Israel-based software security provider, there was a 38% surge in global cyberattacks in 2022 compared to 2021. The communications industry experienced an average of 1,380 weekly attacks per organization, marking a 27% increase compared to 2021. Similarly, the Internet/managed service provider (ISP/MSP) industry encountered an average of 1,372 attacks per organization per week in 2022, reflecting a 28% increase from the previous year. Therefore, the surge in cyberattacks is driving the growth of cyber security for the industrial automation market.
All-In-One Security Solutions For Industrial Automation
Major companies operating in the cyber security for industrial automation market are focusing on expanding their product portfolio by adding innovative technologies such as an all-in-one security testing suite for industrial networks to gain a competitive edge. An all-in-one security testing suite is a comprehensive software tool designed to identify, assess, and mitigate vulnerabilities and security weaknesses across various applications, systems, and networks. For instance, in October 2023, Siemens AG, a Germany-based automation company, announced the launch of Siemens SINEC security inspector, an all-in-one security testing suite for industrial networks. SINEC security inspector provides a unified user interface for a software framework that integrates various cybersecurity tools. It allows individual network devices, segments, or the entire network infrastructure to be scanned during maintenance. The SINEC Security Inspector combines best-in-class security tools in a single user interface, providing a comprehensive approach to testing network security.
The cyber security for industrial automation market covered in this report is segmented -
1) By Type: Programmable Automation System, Fixed Automation System, Flexible Automation System, Integrated Automation System
2) By Security Type: Enterprise Security, Supervisory Control And Data Acquisition (SCADA) Security, Network Security, Device Security, Physical Security
3) By Tools Or Technologies: Numerical Control (NC) Machine Tools, Programmable Logic Controllers (PLCS), Computer Numerical Control (CNC) Systems, Industrial Sensors
4) By End Use: Automotive Manufacturing, Electronics And Telecommunication, Food And Beverage Processing, Pharmaceuticals, Other End-Users
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Major companies operating in the cyber security for industrial automation market report are Microsoft Corporation, Dell Inc., Siemens AG, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, Broadcom Corporation, ABB Ltd, Rockwell Automation Inc., Palo Alto Networks Inc., Fortinet Federal Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated, CrowdStrike Holdings Inc., FireEye Inc., CyberArk Software Ltd., Darktrace Holdings Ltd, McAfee Associates Inc., RSA Security LLC, Forescout Technologies Inc., Claroty Inc. , Sophos Ltd, Nozomi Networks Inc, Indegy Ltd., Dragos Inc.
Contents of the report:
1. Executive Summary
2. Cyber Security For Industrial Automation Market Report Structure
3. Cyber Security For Industrial Automation Market Trends And Strategies
4. Cyber Security For Industrial Automation Market - Macro Economic Scenario
5. Cyber Security For Industrial Automation Market Size And Growth
…..
27. Cyber Security For Industrial Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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