Cyber Security for Industrial Automation Global Market Report 2024

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 several factors, including the growing interconnectivity of industrial systems, the proliferation of Internet of Things (IoT) devices, the implementation of Industry 4 technologies, incidents of cyberattacks, and the complexity of supply chains in industrial sectors. These trends have collectively driven the need for robust cybersecurity solutions tailored to industrial automation environments.

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 several factors, including increasing awareness among industrial stakeholders regarding cybersecurity risks, the expansion of industrial automation, the convergence of information technology (IT) and operational technology (OT), and the modernization of legacy industrial control systems (ICS). Major trends in the forecast period include the rise of Industrial Internet of Things (IIoT) security solutions, the integration of artificial intelligence (AI) and machine learning technologies for threat detection and response, the expansion of cloud-based security services for industrial environments, and the adoption of Zero Trust Architecture principles to enhance overall cybersecurity posture.

The increase in cyberattacks is expected to drive the growth of cybersecurity solutions tailored for the industrial automation sector in the coming years. Cyberattacks involve malicious actions aimed at exploiting vulnerabilities in computer systems, networks, or software applications to gain unauthorized access or disrupt operations. The rise in cyberattacks is attributed to expanding attack surfaces, the sophistication of threat actors, and the need for heightened cybersecurity awareness and readiness. In the context of industrial automation, cybersecurity plays a critical role in protecting vital infrastructure, ensuring uninterrupted operations, and mitigating risks to safety, the environment, and financial assets posed by cyber threats. For example, data from January 2023, as reported by Check Point, an Israel-based software security provider, indicated a 38% increase in global cyberattacks in 2022 compared to the previous year. The communications industry experienced an average of 1,380 weekly attacks per organization, marking a 27% increase from 2021. Similarly, the Internet/managed service provider (ISP/MSP) industry faced an average of 1,372 attacks per organization per week in 2022, representing a 28% rise from the previous year. Thus, the surge in cyberattacks is propelling the growth of cybersecurity solutions tailored for the industrial automation market.

Key players in the cybersecurity for industrial automation market are concentrating on expanding their product offerings by integrating innovative technologies, such as all-in-one security testing suites designed specifically for industrial networks, to gain a competitive advantage. An all-in-one security testing suite is a comprehensive software tool that identifies, assesses, and mitigates vulnerabilities and security weaknesses across diverse applications, systems, and networks. For instance, in October 2023, Siemens AG, a leading automation company based in Germany, unveiled Siemens SINEC security inspector, an all-in-one security testing suite tailored for industrial networks. The SINEC security inspector features a unified user interface within a software framework that consolidates various cybersecurity tools. It facilitates scanning of individual network devices, segments, or the entire network infrastructure during routine maintenance. The SINEC Security Inspector integrates top-tier security tools into a single user-friendly interface, offering a holistic approach to testing network security.

In October 2023, Rockwell Automation Inc., a prominent US-based industrial automation company, acquired Verve Industrial Protection in an undisclosed deal. This strategic acquisition aims to enhance Rockwell Automation's product portfolio by integrating cybersecurity solutions alongside its industry-leading asset inventory system and vulnerability management solution. Verve Industrial Protection, based in the US, specializes in industrial control systems and cybersecurity solutions, thereby complementing Rockwell Automation's capabilities in delivering comprehensive cybersecurity solutions tailored for industrial automation environments.

Major companies operating in the cyber security for industrial automation market 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.

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. The countries covered in the cyber security for industrial automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cybersecurity for industrial automation involves the implementation of protective measures and protocols to safeguard industrial control systems (ICS), machinery, and networks from cyber threats. This includes deploying robust security solutions and strategies to prevent cyberattacks, mitigate risks, and ensure the reliability and confidentiality of critical infrastructure and industrial processes.

The main categories of products in cybersecurity for industrial automation include programmable automation systems (PAS), fixed automation systems, flexible automation systems, and integrated automation systems. Programmable automation systems enable machine configurations and operation sequences to adapt and change in response to signals received from electronic controls. These systems encompass various security types such as enterprise security, SCADA security (supervisory control and data acquisition), network security, device security, and physical security. The tools and technologies utilized include numerical control (NC) machine tools, programmable logic controllers (PLCs), computer numerical control (CNC) systems, and industrial sensors. These solutions cater to end-users across industries such as automotive manufacturing, electronics and telecommunications, food and beverage processing, pharmaceuticals, and others.

The cyber security for industrial automation market research report is one of a series of new reports that provides cyber security for industrial automation market statistics, including cyber security for industrial automation industry global market size, regional shares, competitors with a cyber security for industrial automation market share, detailed cyber security for industrial automation market segments, market trends and opportunities, and any further data you may need to thrive in the cyber security for industrial automation industry. This cyber security for industrial automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Cybersecurity for industrial automation market consists of revenues earned by entities by providing services such as risk assessments, vulnerability assessments, penetration testing, incident response, security consulting, and managed security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The cybersecurity for industrial automation market also includes sales of industrial controllers, programmable logic controllers (PLCs), input/output (I/O) modules, network switches, routers, and firewalls. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.