Industrial Cybersecurity Market Growth, Trends, Size, Revenue Demand and Future Outlook
Industrial Cybersecurity Market Growth, Size, Trends Analysis - By Component, By Security Type, By Deployment Mode, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Feb-2025 | Report ID: IACT2530 | Pages: 1 - 260 | Formats*: |
| Category : Information & Communications Technology | |||
Industrial Cybersecurity Market Introduction and Overview
According to SPER Market Research, the Global Industrial Cybersecurity Market is estimated to reach USD 47.84 billion by 2034 with a CAGR of 8.76%.
The report includes an in-depth analysis of the Global Industrial Cybersecurity Market, including market size and trends, product mix, Applications, and supplier analysis. The Industrial Cybersecurity market was valued at USD 20.66 billion in 2024 and is projected to grow at a rate of over 8.76% from 2025 to 2034. Key growth factors include disruptive digital technologies and rising cyberattacks. A lack of trained professionals is a challenge. The demand for cloud-based security solutions among SMEs, along with the use of AI, Machine Learning, and Blockchain for defense, offers growth opportunities. However, mobile device attacks and IoT vulnerabilities hinder market expansion.
By Component Insights: In 2024, the solutions segment is expected to have the largest share of the global industrial cybersecurity market. This growth is due to rising concerns about data security and privacy, along with ongoing efforts by stakeholders in the industrial sector to enhance efficiency, cut costs, and boost security. The segment is also projected to grow at a faster rate during the forecast period.
By Security Type Insights: Based on security type, the global industrial cybersecurity market includes network security, application security, cloud security, endpoint security, and other security types. In 2024, endpoint security is expected to have the largest share of the market and the highest growth rate. This is due to the significant increase in endpoint devices and the growing need for endpoint security solutions to protect enterprise networks.
By End User Insights: The global industrial cybersecurity market is divided into segments by end user, including industrial manufacturing, energy & utilities, transportation & logistics, and others. In 2024, the industrial manufacturing segment is projected to have the largest share due to the demand for real-time security monitoring, rising cybersecurity incidents, and the use of smart devices.
Regional Insights: Geographically, the market is divided into Latin America, Asia-Pacific, Europe, North America, and the Middle East and Africa. North America is anticipated to hold the biggest market share for industrial cybersecurity worldwide in 2024. This segment's significant market share is explained by the region's expanding advanced technologies, growing government efforts, and an increase in cyberattacks in the industrial sector.
Market Competitive Landscape:
Cisco Systems, Inc. and IBM Corporation are significant participants, accounting for more than 5% of the industrial cybersecurity business. Both organisations use considerable experience and cutting-edge technologies to provide comprehensive solutions. Their significant global presence, innovative products, and strategic alliances position them as essential players in this highly competitive sector.
Recent Developments:
- In August 2024, IBM launched Generative AI features in its managed Threat Detection and Response Services, used by IBM Consulting analysts to improve security operations for clients. The IBM Consulting Cybersecurity Assistant aims to speed up and improve the handling of major security threats, using IBM's watsonx data and AI platform.
- Microsoft declared in March 2024 that their Copilot for Security would be made available to the general public on April 1, 2024. One generating solution with AI capabilities is Microsoft Copilot for Security.
- In October 2023, Honeywell unveiled Cyber Watch, a new corporate solution designed to help businesses use fresh tactics to combat recurring OT cyberthreats.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Component, By Security Type, By Deployment Mode, By End User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Fortinet, Inc, Cisco Systems, Inc, Palo Alto Networks, Inc, IBM Corporation, Check Point Software Technologies Ltd, F5, Inc, Splunk, Inc, Mandiant, Inc, Broadcom, Inc, Oracle Corporation, Microsoft Corporation, Intel Corporation, Imperva, Inc, Cyberark Software Ltd, RSA Security LLC. and others. |
Key Topics Covered in the Report:
- Global Industrial Cybersecurity Market Size (FY’2021-FY’2034)
- Overview of Global Industrial Cybersecurity Market
- Segmentation of Global Industrial Cybersecurity Market By Component (Solutions, Services)
- Segmentation of Global Industrial Cybersecurity Market By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, Other Security Types)
- Segmentation of Global Industrial Cybersecurity Market By Deployment Mode (On-premise Deployment, Cloud-based Deployment)
- Segmentation of Global Industrial Cybersecurity Market By End User (Industrial Manufacturing, Energy & Utilities, Transportation & Logistics, Other End Users)
- Statistical Snap of Global Industrial Cybersecurity Market
- Expansion Analysis of Global Industrial Cybersecurity Market
- Problems and Obstacles in Global Industrial Cybersecurity Market
- Competitive Landscape in the Global Industrial Cybersecurity Market
- Details on Current Investment in Global Industrial Cybersecurity Market
- Competitive Analysis of Global Industrial Cybersecurity Market
- Prominent Players in the Global Industrial Cybersecurity Market
- SWOT Analysis of Global Industrial Cybersecurity Market
- Global Industrial Cybersecurity Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Industrial Cybersecurity Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Cybersecurity Market
7. Global Industrial Cybersecurity Market, By Component (USD Million) 2021-2034
7.1. Solutions
7.1.1. Encryption7.1.2. Data Loss Prevention7.1.3. Unified Threat Management7.1.4. Firewalls7.1.5. Antivirus/Antimalware7.1.6. Intrusion Detection/Prevention Systems7.1.7. Security & Vulnerability Management7.1.8. Disaster Recovery7.1.9. Web Filtering7.1.10. Identity & Access Management7.1.11. Risk & Compliance Management7.1.12. DDS Management
7.2. Services
7.2.1. Professional Services7.2.2. Managed Services
8. Global Industrial Cybersecurity Market, By Security Type (USD Million) 2021-2034
8.1. Network Security8.2. Application Security8.3. Cloud Security8.4. Endpoint Security8.5. Other Security Types
9. Global Industrial Cybersecurity Market, By Deployment Mode (USD Million) 2021-2034
9.1. On-premise Deployment9.2. Cloud-based Deployment
10. Global Industrial Cybersecurity Market, By End User (USD Million) 2021-2034
10.1. Industrial Manufacturing
10.1.1. Automotive10.1.2. Aerospace & Defense10.1.3. Electronics & Electrical10.1.4. Chemicals10.1.5. Heavy Metals & Machinery10.1.6. FMCG10.1.7. Other Manufacturing Industries
10.2. Energy & Utilities
10.3. Transportation & Logistics10.4. Other End Users
11. Global Industrial Cybersecurity Market, (USD Million) 2021-2034
11.1. Global Industrial Cybersecurity Market Size and Market Share
12. Global Industrial Cybersecurity Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. Fortinet, Inc
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Cisco Systems, Inc
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Palo Alto Networks, Inc
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. IBM Corporation
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Check Point Software Technologies Ltd
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. F5, Inc
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Splunk, Inc
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Mandiant, Inc
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Broadcom, Inc
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Oracle Corporation
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Microsoft Corporation
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. Intel Corporation
13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments
13.13. Imperva, Inc
13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments
13.14. Cyberark Software Ltd
13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments
13.15. RSA Security LLC
13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments
13.16. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industrial Cybersecurity Market is projected to reach USD 47.84 billion by 2034, growing at a CAGR of 8.76% during the forecast period.
Industrial Cybersecurity Market grew in Market size from 2025. The Market is expected to reach USD 47.84 billion by 2034, at a CAGR of 8.76% during the forecast period.
Industrial Cybersecurity Market CAGR of 8.76% during the forecast period.
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Industrial Cybersecurity Market size is USD 47.84 billion from 2025 to 2034.
Industrial Cybersecurity Market is covered By Component, By Security Type, By Deployment Mode, By End User.
The North America is anticipated to have the highest Market share in the Industrial Cybersecurity Market.
The key players in the Market include Companies Covered Fortinet, Inc, Cisco Systems, Inc, Palo Alto Networks, Inc, IBM Corporation, Check Point Software Technologies Ltd, F5, Inc, Splunk, Inc, Mandiant, Inc, Broadcom, Inc, Oracle Corporation, Microsoft Corporation, Intel Corporation, Imperva, Inc, Cyberark Software Ltd, RSA Security LLC. and others.
The demand for cloud-based security solutions among SMEs, along with the use of AI, Machine Learning, and Blockchain for defense, offers growth opportunities. However, mobile device attacks and IoT vulnerabilities hinder market expansion.
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