Cyber Security For Industrial Automation MarketAnalysis, Market Size, Leading Players, Share And Forecast To 2033

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Cyber Security For Industrial Automation MarketAnalysis, Market Size, Leading Players, Share And Forecast To 2033

Overview and Scope

Cybersecurity for industrial automation refers to the implementation of protective measures and protocols aimed at safeguarding industrial control systems (ICS), machinery, and networks from cyber threats. This entails the deployment of robust security solutions and strategies to prevent cyberattacks, mitigate risks, and ensure the reliability, and confidentiality of critical infrastructure and industrial processes.

Sizing and Forecast

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 growth in the historic period can be attributed to growing interconnectivity of industrial systems, proliferation of Internet of Things (IoT) devices, implementation of Industry 4.0 technologies, incidents of cyberattacks, complex supply chains in industrial sectors.

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%. The growth in the forecast period can be attributed to increasing awareness among industrial stakeholders, expansion of the industrial automation, convergence of information technology (IT), and modernization of legacy industrial control systems (ICS). Major trends in the forecast period include rise of IIoT security solutions, AI and machine learning technologies, expansion of cloud-based security services, adopt Zero Trust Architecture principles.

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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the cyber security for industrial automation market in 2023. 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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Major Driver Impacting Market Growth

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.

Key Industry Players

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.

The cyber security for industrial automation market report table of contents includes:

1. Executive Summary

2. Cyber Security For Industrial Automation Market Characteristics

3. Cyber Security For Industrial Automation Market Trends And Strategies

4. Cyber Security For Industrial Automation Market - Macro Economic Scenario

5. Global Cyber Security For Industrial Automation Market Size and Growth

...

32. Global Cyber Security For Industrial Automation Market Competitive Benchmarking

33. Global Cyber Security For Industrial Automation Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cyber Security For Industrial Automation Market

35. Cyber Security For Industrial Automation Market Future Outlook and Potential Analysis

36. Appendix

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