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Rising Cyber Attacks Drive Growth In Industrial Automation Cybersecurity Market: Powering Innovation and Expansion in the Global Cyber Security For Industrial Automation Market by 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Cyber Security For Industrial Automation Market Size By 2025?
The market size for cyber security in industrial automation has seen rapid expansion in recent years. The market, which was $11.42 billion in 2024, is projected to grow to $12.76 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.7%. This rise during the historical period is largely due to increased interconnectivity of industrial systems, the surge of Internet of Things (IoT) devices, the application of Industry 4.0 innovations, occurrences of cyber threats, and intricate supply chains inherent in industrial sectors.
How Big Is the Cyber Security For Industrial Automation Market Size Expected to Grow by 2029?
In the forthcoming years, the cyber security for industrial automation market is projected to experience a significant expansion, growing to a value of $19.31 billion by 2029, with a compound annual growth rate (CAGR) of 10.9%. This growth during the prediction period is attributed to factors such as heightened awareness among industrial entities, the widespread proliferation of industrial automation, the merger of information technology (IT), and the upgrading of longstanding industrial control systems (ICS). The forecast period will also see growth trends like the emergence of IIoT security solutions, advancement in AI and machine learning technologies, the broadening of cloud-based security services and the adoption of Zero Trust Architecture principles.
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Which Key Market Drivers Powering Cyber Security For Industrial Automation Market Expansion and Growth?
The increasing number of cyberattacks is predicted to stimulate expansion in the industrial automation cyber security market. Cyberattacks involve malicious activities designed to exploit weaknesses in computer systems, networks, or software applications to gain unauthorised access, interrupt activities, or inflict harm on digital resources. The growth in these types of attacks is attributed to increasing attack landscapes, advanced threat actors, and an essential need for cybersecurity consciousness and readiness. It's critical to implement cybersecurity in industrial automation to fortify essential infrastructure, guarantee operational perpetuity, and minimize risks related to safety, environment, and finance from cyber threats. For example, a 38% rise in global cyberattacks in 2022 compared to 2021 was reported by Check Point, an Israel-based software security provider, in January 2023. The communication sector witnessed around 1,380 weekly attacks for each organisation, indicating a 27% rise from 2021. Likewise, the Internet/managed service provider (ISP/MSP) industry suffered an average of 1,372 attacks per entity per week in 2022, marking a 28% increase from the prior year. As a result, the increasing number of cyberattacks are fuelling the expansion in the cyber security market for industrial automation.
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Which Fast-Growing Trends Are Poised to Disrupt the Cyber Security For Industrial Automation Market?
Prominent corporations in the industrial automation cyber security market are strategically expanding their product offerings by incorporating cutting-edge technologies such as an inclusive security testing suite for industrial networks in order to gain a competitive advantage. These comprehensive software tools are developed to spot, evaluate, and eliminate potential vulnerabilities and security deficits in varying applications, systems, and networks. For instance, Siemens AG, a German automation firm, unveiled its Siemens SINEC security inspector, a full-scale security testing suite for industrial networks, in October 2023. The SINEC Security Inspector offers an integrated user interface for a software structure that assimilates varied cybersecurity tools. It enables individual network devices, segments, or the entire network infrastructure to be examined during maintenance. By combining premier security tools in a single-interface, the SINEC Security Inspector delivers a holistic method for network security testing.
What Are the Emerging Segments in the Cyber Security For Industrial Automation Market?
The cyber security for industrial automationmarket 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
Subsegments:
1) By Programmable Automation System: PLC (Programmable Logic Controller) Systems, SCADA (Supervisory Control And Data Acquisition) Systems
2) By Fixed Automation System: Automated Assembly Lines, Specialized Robotics Systems
3) By Flexible Automation System: Reconfigurable Robotics, Flexible Manufacturing Systems (FMS)
4) By Integrated Automation System: Industrial Internet Of Things (Iiot) Integration, Integrated Control Systems
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Who Are the Global Leaders in the Cyber Security For Industrial Automation Market?
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.
Which are the Top Profitable Regional Markets for the Cyber Security For Industrial Automation Industry?
Asia-Pacific was the largest region in the cyber security for industrial automation market in 2024. The regions covered in the cyber security for industrial automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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