March 2025
The global industrial cybersecurity market size is calculated at USD 26.70 billion in 2025 and is forecasted to reach around USD 56.94 billion by 2034, accelerating at a CAGR of 8.79% from 2025 to 2034. The North America industrial cybersecurity market size surpassed USD 9.07 billion in 2024 and is expanding at a CAGR of 8.82% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The global industrial cybersecurity market size was estimated at USD 24.52 billion in 2024 and is predicted to increase from USD 26.70 billion in 2025 to approximately USD 56.94 billion by 2034, expanding at a CAGR of 8.79% from 2025 to 2034. The industrial cybersecurity market growth is driven by an increasing number of investments and the ongoing development of a strong cybersecurity network.
The U.S. industrial cybersecurity market size was exhibited at USD 6.35 billion in 2024 and is projected to be worth around USD 15.12 billion by 2034, poised to grow at a CAGR of 9.06% from 2025 to 2034.
North America dominated the industrial cybersecurity market in 2024. The growth of the North American market in recent years has been driven by the early adoption of new technologies. Moreover, the vast capital and IT markets, along with their diverse businesses, require effective management and security of endpoint devices across untrusted networks. Market expansion is also fueled by increasing cybersecurity concerns in the U.S. and Canada, particularly regarding critical infrastructure such as energy, water, transportation, and manufacturing systems. The U.S. government is addressing industrial cybersecurity by developing policies, regulations, and best practices.
Asia Pacific is expected to host the fastest-growing industrial cybersecurity market during the forecast period. The market in the region is driven by the government's increased focus on a proactive cybersecurity approach, including risk and vulnerability assessments, regular security audits, and incident response planning, the region is seeing initiatives to enhance critical infrastructure security. Market vendors are launching innovative cyber capabilities by expanding security data centers and establishing dedicated engineering teams to help organizations strengthen their defenses and accelerate their digital transformation, which can boost the market share over the projected period.
Industrial cyber security has become increasingly critical due to the growing dependence on cyber technology and the escalating risks of cyber-attacks. Such attacks on industrial systems can result in severe consequences, including the disruption of critical infrastructure, loss of sensitive data, and compromise of equipment and systems.
Cloud-based security solutions enable organizations to scale their security resources quickly, adapt to evolving threats, and streamline the deployment and management of security systems. However, concerns have arisen regarding the security of cloud-based industrial systems due to their vulnerability to cyber-attacks. Therefore, robust encryption and access control mechanisms are essential to protect sensitive data and prevent unauthorized access.
Report Coverage | Details |
Market Size by 2034 | USD 56.94 Billion |
Market Size in 2025 | USD 26.70 Billion |
Growth Rate from 2025 to 2034 | CAGR of 8.79% |
Largest Market | North America |
Base Year | 2024 |
Forecast Period | 2025 to 2034 |
Segments Covered | Component, Security Type, Industry, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Public and private sector funds
The industrial cybersecurity market is expanding due to increased government support and heightened spending by enterprises globally to mitigate cyberattack risks. Digital technology now underpins the essential resources of a country's economy. Cyber threats, including malware, spyware, and phishing, can disrupt plant operations and IT systems. Governments worldwide are increasingly allocating resources to combat security breaches and bolster industrial cybersecurity. Organizations are investing significantly in security software and equipment to protect critical infrastructure, data centers, and industrial control systems, which can further drive the industrial cybersecurity market growth.
Misunderstanding the nature of threats
The continuous growth of industrial control systems and a diverse array of networked devices has increased their vulnerability to cyberattacks. Developers strive to stay ahead of attackers when designing security systems. These systems are based on historical threats and lack knowledge of emerging operational technologies, thus providing protection only against known synthetic attacks. Therefore, investments in cybersecurity often fall short due to the unknown or unforeseeable sources of future attacks. This limitation is expected to constrain the industrial cybersecurity market growth during the forecast period.
Integrating security solutions with the cloud
Integrating industrial cybersecurity solutions with advanced cloud services is emerging as a significant market trend, driven by the massive volume of data generated daily across various industries. These advanced cloud services are essential for monitoring and analyzing this data. Key market players are focusing on developing and integrating cloud-based cybersecurity solutions for industrial control systems (ICS) and operational technology (OT) applications. The increasing adoption of ICS-as-a-service in the cloud, along with the deployment of AI-powered industrial robots in manufacturing and industrial facilities, is propelling the industrial cybersecurity market.
The software segment dominated the industrial cybersecurity market in 2024. This growth is mainly driven by the increasing demand for solutions such as DDoS protection, firewalls, virtualization security, SCADA encryption, backup & recovery, and antivirus/malware. Leading companies are focusing on developing and launching advanced industrial security software for sectors including oil & gas, energy, automotive, and others.
The hardware segment is expected to show significant growth in the industrial cybersecurity market over the forecast period. With the significant rise in cyber threats from various anonymous networks, many end-user businesses and Internet Service Providers (ISPs) are expected to deploy advanced security hardware, such as encrypted USB flash drives, as Intrusion Prevention Systems (IPS). As numerous organizations implement and upgrade their cybersecurity platforms, security vendors develop solutions based on artificial intelligence and machine learning, which require advanced IT infrastructure.
The discrete industry segment dominated the industrial cybersecurity market in 2024. Discrete manufacturing involves producing individual components and assembling them into a final product. Examples of discrete manufacturing include automobiles, appliances, and consumer electronics.
The process industry is expected to grow at the fastest rate in the industrial cybersecurity market during the forecast period. The process industry is divided into manufacturing, chemical, oil and gas, transportation, power grid, and others. Increased digitalization in the energy and power sector has brought various economic benefits, such as improved energy efficiency and faster processing. However, the rise of malicious software taking control of energy equipment has led to significant data theft, hence increasing the risk of cyber-attacks.
The cloud application security segment dominated the industrial cybersecurity market in 2024. Due to the growing adoption of cloud technology in the manufacturing industry, protecting sensitive manufacturing processes and formulas has become crucial. The spread of these proprietary formulas can negatively impact an organization’s growth. Therefore, manufacturers are focusing on securing their sensitive data by developing cloud security solutions. Additionally, tech companies are creating and launching advanced cloud solutions in the market.
The network security segment is expected to grow moderately in the industrial cybersecurity market over the projected period. Network security encompasses products and services designed to detect and prevent cyber threats within computer networks and networked resources. Examples of network security solutions include encryption software, identity and access management (IAM), firewalls, intrusion detection systems (IDS), intrusion prevention systems (IPS), and unified threat management (UTM).
By Component
By Security Type
By Industry
By Geography
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