What Is The Current and Historic Market Size Analysis Of The Cyber Security For Industrial Automation Market?
The cyber security for industrial automation market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the size of the cyber security market for industrial automation in recent years. The sector's growth is estimated to move from $11.42 billion in 2024 to $12.81 billion in 2025, with the compound annual growth rate (CAGR) being 12.1%.
This past growth is a result of the increased interconnectivity of industrial systems, the growing number of Internet of Things (IoT) devices, the adoption of Industry 4.0 technologies, occurrences of cyber attacks, and the intricacies of supply chains within the industrial sectors.
What Are The Predictions for The Cyber Security For Industrial Automation Market in the Coming Years?
The cyber security for industrial automation market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the market size for cyber security in industrial automation is set to experience significant expansion. The value is anticipated to reach $20.01 billion in 2029 with a compound annual growth rate (CAGR) of 11.8%.
The surge during this forecast period can be credited to a heightened recognition among industry stakeholders, the broadening of industrial automation, the merger of IT and the modernization of older industrial control systems (ICS). In the forecast period, considerable trends encompass the proliferation of IIoT security solutions, the rise in artificial intelligence and machine learning technologies, the growth of cloud-based security services, and the adoption of Zero Trust Architecture principles.
Which Drivers Are Accelerating Growth In The Cyber Security For Industrial Automation Market?
The rise in cyber threats is anticipated to fuel the expansion of the cyber security sector within the industrial automation market in the near future. Cyberattacks, which are harmful actions designed to exploit flaws in computer systems, networks, or software platforms to gain illegal access, interrupt operations, or harm digital assets, are increasing. This increase can be attributed to a greater number of attack platforms, more advanced threat actors, and the growing need for awareness and preparedness regarding cyber security. The importance of cyber security within industrial automation can't be overstated as it is vital for the protection of crucial infrastructure, securing operational continuity, and minimizing safety, environmental, and financial risks arising from cyber threats. To exemplify, an Israel-based software security provider, Check Point, reported in January 2023 that there was a dramatic 38% increase in global cyber attacks in 2022 compared to 2021. The communications sector was subject to an average of 1,380 attacks weekly per organization, showing a 27% rise in comparison to 2021. Similarly, activities in the Internet/managed service provider (ISP/MSP) industry experienced an average of 1,372 attacks per organization per week in 2022, witnessing a 28% spike from the preceding year. As a result, this rapid increase in cyber threats is motivating the growth of cyber security within the industrial automation market.
What Are The Core Segments Of The Global Cyber Security For Industrial Automation Market?
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
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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What New Trends Are Influencing The Cyber Security For Industrial Automation Market?
The key players in the cyber security for industrial automation market are concentrating their efforts on broadening their product range with the introduction of ground-breaking technologies such as a comprehensive security testing suite for industrial networks, to secure a competitive advantage. This all-in-one security testing suite is a thorough software tool fashioned to detect, evaluate, and eliminate vulnerabilities and security flaws in various applications, systems, and networks. For example, in October 2023, Siemens AG, an automation firm based in Germany, unveiled the Siemens SINEC security inspector; an exhaustive security testing suite for industrial networks. This product offers a consolidated user interface for a software structure that amalgamates different cybersecurity tools. It gives the ability to scan individual network devices, segments, or the complete network infrastructure during upkeep tasks. The SINEC Security Inspector amalgamates leading security tools in a solitary user interface, presenting a complete solution to testing network security.
Who Are the Key Players 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.
What Are The Regional Insights Into The Cyber Security For Industrial Automation Market?
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.
