The global cyber security for industrial automation market is anticipated to reach $ 20.45 billion by 2032, growing from $ 9.00 billion in 2022 at a CAGR of 8.7%% from 2023 to 2032. Cybersecurity for industrial automation involves the implementation of a comprehensive set of practices, tools, and technologies to safeguard industrial systems, data, and networks from a range of cyber threats, including ransomware, malicious software, email-based attacks, and data breaches. Widely employed across various industries such as automotive, pharmaceuticals, and food & beverage, industrial automation utilizes control systems, sensors, and devices to manage crucial processes. This rising popularity of Industry 4.0 and smart manufacturing has boosted the demand for cybersecurity in industrial automation, as it plays a pivotal role in protecting critical infrastructure and sensitive information from evolving cyber threats.
The factors driving the adoption of cybersecurity in industrial automation are majorly attributed to the increased use of operational technology (OT) devices, IT networks, and the Industrial Internet of Things (IIoT) across manufacturing and industrial plants. As these advancements introduce connectivity and technological integration, they also expose vulnerabilities, posing risks to process control systems, automated assembly lines, and entire plants. The need for cybersecurity arises from the potential damage and disruptions that cyber threats can cause on essential industrial processes within the energy, transportation, and manufacturing sectors.
However, the adoption of cybersecurity in industrial automation faces restraints primarily due to the challenges of acquiring the necessary skills and expertise in implementing cyber security measures. The existing workforce, with decades of experience, encounters difficulties in adapting to emerging technologies, necessitating the reliance on contract workers. Bridging this skills gap proves to be a significant obstacle, potentially hindering the seamless integration of advanced cybersecurity technologies into industrial automation processes. These factors are anticipated to hamper the growth of cyber security for industrial automation market during the forecast years.
The integration of technologies in industrial automation such as artificial intelligence (AI) and penetration of internet of things (IoT) has led to constant innovation and improvement in the cyber security for industrial automation industry. With the adoption of advanced cybersecurity measures, such as Third-Wave AI, organizations can stay ahead of cyber attackers and mitigate the risks associated with potential disruptions, data theft, or delayed production. As industrial automation continues to evolve, the opportunities for strengthening cybersecurity practices become integral to ensuring the resilience and security of critical infrastructure. These aspects are anticipated to generate excellent opportunities in the cyber security for industrial automation market in the upcoming years.
The COVID-19 pandemic had a significant impact on the market for cyber security for industrial automation. The pandemic affected global supply chains, leading to disruptions in the manufacturing, distribution, and the implementation of advanced cyber security technologies. As the majority of the manufacturing plants and industrial sectors were closed for unprecedented time, the companies were reluctant to spend money on cyber security technologies. This was majorly owing to huge financial losses, budget constraints, and closure of business operations led by the pandemic. Owing to the economic disruptions, the cyber-attacks and cyber threats were on rise, as the hackers took advantage of prevailing situations and uncertainties led by the pandemic.
The key players profiled in this report include IBM, ABB, Schneider Electric, Honeywell International Inc., Siemens AG, Microsoft Corporation, Rockwell Automation Inc., Palo Alto Networks, Cisco Systems, Inc., and Dell Inc. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
The factors driving the adoption of cybersecurity in industrial automation are majorly attributed to the increased use of operational technology (OT) devices, IT networks, and the Industrial Internet of Things (IIoT) across manufacturing and industrial plants. As these advancements introduce connectivity and technological integration, they also expose vulnerabilities, posing risks to process control systems, automated assembly lines, and entire plants. The need for cybersecurity arises from the potential damage and disruptions that cyber threats can cause on essential industrial processes within the energy, transportation, and manufacturing sectors.
However, the adoption of cybersecurity in industrial automation faces restraints primarily due to the challenges of acquiring the necessary skills and expertise in implementing cyber security measures. The existing workforce, with decades of experience, encounters difficulties in adapting to emerging technologies, necessitating the reliance on contract workers. Bridging this skills gap proves to be a significant obstacle, potentially hindering the seamless integration of advanced cybersecurity technologies into industrial automation processes. These factors are anticipated to hamper the growth of cyber security for industrial automation market during the forecast years.
The integration of technologies in industrial automation such as artificial intelligence (AI) and penetration of internet of things (IoT) has led to constant innovation and improvement in the cyber security for industrial automation industry. With the adoption of advanced cybersecurity measures, such as Third-Wave AI, organizations can stay ahead of cyber attackers and mitigate the risks associated with potential disruptions, data theft, or delayed production. As industrial automation continues to evolve, the opportunities for strengthening cybersecurity practices become integral to ensuring the resilience and security of critical infrastructure. These aspects are anticipated to generate excellent opportunities in the cyber security for industrial automation market in the upcoming years.
The COVID-19 pandemic had a significant impact on the market for cyber security for industrial automation. The pandemic affected global supply chains, leading to disruptions in the manufacturing, distribution, and the implementation of advanced cyber security technologies. As the majority of the manufacturing plants and industrial sectors were closed for unprecedented time, the companies were reluctant to spend money on cyber security technologies. This was majorly owing to huge financial losses, budget constraints, and closure of business operations led by the pandemic. Owing to the economic disruptions, the cyber-attacks and cyber threats were on rise, as the hackers took advantage of prevailing situations and uncertainties led by the pandemic.
The key players profiled in this report include IBM, ABB, Schneider Electric, Honeywell International Inc., Siemens AG, Microsoft Corporation, Rockwell Automation Inc., Palo Alto Networks, Cisco Systems, Inc., and Dell Inc. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cyber security for industrial automation market analysis from 2022 to 2032 to identify the prevailing cyber security for industrial automation market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cyber security for industrial automation market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cyber security for industrial automation market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Security Type
- Enterprise Security
- SCADA Security (supervisory control and data acquisition)
- Network Security
- Device Security
- Physical Security
By End Use
- Automotive Manufacturing
- Electronics and Telecommunication
- Food Beverage Processing
- Pharmaceuticals
- Others
By Type
- Flexible Automation System
- Integrated Automation System
- Fixed Automation System
- Programmable Automation System
By Tools or Technologies
- Numerical Control (NC) Machine Tools
- Programmable Logic Controllers (PLCs)
- Computer Numerical Control (CNC) Systems
- Industrial Sensors
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- IBM
- ABB
- Schenider Electric
- Honeywell International Inc.
- Siemens AG
- Microsoft Corporation
- Rockwell Automation Inc.
- Palo Alto Networks, Inc.
- Cisco Systems, Inc.
- Dell Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CYBER SECURITY FOR INDUSTRIAL AUTOMATION MARKET, BY TYPE
CHAPTER 5: CYBER SECURITY FOR INDUSTRIAL AUTOMATION MARKET, BY TOOLS OR TECHNOLOGIES
CHAPTER 6: CYBER SECURITY FOR INDUSTRIAL AUTOMATION MARKET, BY SECURITY TYPE
CHAPTER 7: CYBER SECURITY FOR INDUSTRIAL AUTOMATION MARKET, BY END USE
CHAPTER 8: CYBER SECURITY FOR INDUSTRIAL AUTOMATION MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- IBM
- ABB
- Schenider Electric
- Honeywell International Inc.
- Siemens AG
- Microsoft Corporation
- Rockwell Automation Inc.
- Palo Alto Networks, Inc.
- Cisco Systems, Inc.
- Dell Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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