Global Industrial Cyber Security Solutions and Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Component;
Hardware Solution, Software Solution, and ServicesBy Deployment Mode;
On-Premise, Cloud-Based, and Hybrid SolutionsBy Security Layer;
Network Security, End-Point Security, Cloud Security, Application Security, and OthersBy End User Industry;
Process Industries and Discrete IndustriesBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Industrial Cyber Security Solutions and Services Market Overview
Industrial Cyber Security Solutions and Services Market (USD Million)
Industrial Cyber Security Solutions and Services Market was valued at USD 21,203.17 million in the year 2024. The size of this market is expected to increase to USD 39,766.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.4%.
Global Industrial Cyber Security Solutions and Services Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 9.4 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 9.4 % |
Market Size (2024) | USD 21,203.17 Million |
Market Size (2031) | USD 39,766.92 Million |
Market Concentration | Medium |
Report Pages | 340 |
Major Players
- Schneider Electric SE
- Rockwell Automation, Inc.
- CyberArk Software Ltd.
- ABB Ltd.
- Bayshore Networks, Inc.
- Kaspersky Lab
- McAfee, LLC
- Cisco Systems, Inc.
- Symantec Corporation
- IBM Corporation
- Dell Inc.
- Honeywell International Inc.
- Siemens AG
- Lockheed Martin Corporation
- Maverick Technologies
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Industrial Cyber Security Solutions and Services Market
Fragmented - Highly competitive market without dominant players
The Industrial Cyber Security Solutions and Services Market is expanding rapidly as industrial sectors face an increasing volume of cyber-attacks. Over 65% of industrial firms have encountered cyber incidents, exposing critical vulnerabilities within operational technology networks. The integration of IT and OT environments amplifies security risks, compelling organizations to adopt advanced cybersecurity measures.
AI and Machine Learning Revolutionize Protection
The application of AI and machine learning in cybersecurity is revolutionizing industrial defense strategies. Nearly 48% of companies now leverage AI-powered analytics to detect threats early, automate countermeasures, and sustain operational continuity. These intelligent systems deliver predictive insights and enable proactive risk mitigation, significantly curbing the consequences of cyber incidents.
Compliance Requirements Intensify Cyber Investments
Rising regulatory demands are propelling industries to strengthen cybersecurity infrastructures. About 72% of companies allocate increased budgets towards solutions that align with global standards like ISA/IEC 62443 and NIST. Compliance with these frameworks ensures resilience, reduces legal exposure, and maintains operational integrity amidst growing cyber threats.
Emphasis on Workforce Cybersecurity Education
Human error remains a primary entry point for cyber-attacks, prompting industries to prioritize cybersecurity awareness training. Around 61% of organizations are increasing investments in comprehensive training programs to bolster employee vigilance and reduce insider threats, fortifying the human layer of industrial security.
Industrial Cyber Security Solutions and Services Market Recent Developments
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In October 2023, SYN Ventures successfully raised more than USD 75 million in the initial phase of its specialized cybersecurity seed fund. This fund aims to support innovative cybersecurity startups, particularly those working on solutions to reduce technological risks and address talent shortages. This initiative underscores the growing need for advanced cybersecurity solutions amid escalating cyber threats
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In September 2023, Dryad Global partnered with BlackBerry to enhance maritime cybersecurity. They integrated BlackBerry’s Cylance AI technology to secure vessels and their endpoints, addressing the growing threats in the maritime domain. This collaboration highlights the expanding role of AI in securing industrial systems
Industrial Cyber Security Solutions and Services Market Segment Analysis
In this report, the Industrial Cyber Security Solutions and Services Market has been segmented by Component, Deployment Mode, Security Layer, End User Industry and Geography.
Industrial Cyber Security Solutions and Services Market, By Component
The Industrial Cyber Security Solutions and Services Market has been segmented by Component into Hardware Solution, Software Solution and Services.
Hardware Solution
Hardware solutions in industrial cyber security include firewalls, intrusion detection systems, and secure routers. These components provide physical protection against cyber threats by controlling data traffic and preventing unauthorized access. Hardware solutions account for nearly 30% of the market due to their foundational role in industrial network security.
Software Solution
Software solutions consist of security information and event management (SIEM), antivirus programs, and network monitoring tools. These applications enhance threat detection and response efficiency. With the growing need for real-time data security, this segment contributes to approximately 40% of the total market share.
Services
The services segment includes consulting, risk assessment, integration, and managed security services. These are essential for customizing and maintaining cybersecurity infrastructure. Driven by increased outsourcing of security operations, services represent about 30% of the market.
Industrial Cyber Security Solutions and Services Market, By Deployment Mode
The Industrial Cyber Security Solutions and Services Market has been segmented by Deployment Mode into On-Premise, Cloud-Based, and Hybrid Solutions
On-Premise
On-premise deployment involves hosting cyber security infrastructure within an organization’s physical premises. It offers greater control, customization, and data privacy, making it a preferred choice for critical sectors like energy and defense. This mode holds around 45% of the market share.
Cloud-Based
Cloud-based deployment leverages remote servers for managing security operations, enabling scalability, cost-efficiency, and real-time updates. With the growing adoption of Industry 4.0 and IoT, this segment contributes to approximately 35% of the market.
Hybrid Solutions
Hybrid deployment integrates both on-premise and cloud-based systems, providing flexibility and resilience. It is increasingly adopted by companies seeking balanced security and performance. This mode accounts for roughly 20% of the market.
Industrial Cyber Security Solutions and Services Market, By Security Layer
The Industrial Cyber Security Solutions and Services Market has been segmented by Security Layer into Network security, End-point security, Cloud security, Application security and Others.
Network Security
Network security focuses on protecting industrial networks from unauthorized access, malware, and denial-of-service attacks. It includes tools like firewalls, intrusion prevention systems, and virtual private networks (VPNs). This layer dominates with around 35% market share due to its critical role in securing data communication channels.
End-point Security
End-point security safeguards devices such as industrial PCs, remote terminals, and mobile interfaces. It ensures that all end-user devices comply with security policies. As remote access grows, this layer contributes to about 25% of the market.
Cloud Security
Cloud security addresses risks in cloud-based SCADA systems, IoT platforms, and data storage services. It involves encryption, access control, and secure APIs. With increasing adoption of cloud infrastructure, this segment holds nearly 20% of the market.
Application Security
Application security protects industrial software applications from vulnerabilities and exploits. It includes code analysis, penetration testing, and runtime protection. This layer comprises roughly 15% of the market due to the growing complexity of industrial applications.
Others
This category covers physical security, policy management, and user behavior analytics, offering additional layers of protection. Though smaller, it still accounts for about 5% of the overall market.
Industrial Cyber Security Solutions and Services Market, By End User Industry
The Industrial Cyber Security Solutions and Services Market has been segmented by End User Industry into Process Industries and Discrete Industries.
Process Industries
Process industries such as oil & gas, chemicals, power generation, and pharmaceuticals rely heavily on continuous operations. Cyber security in these sectors focuses on protecting SCADA systems, distributed control systems (DCS), and critical infrastructure. This segment accounts for nearly 60% of the market, driven by its high vulnerability and operational complexity.
Discrete Industries
Discrete industries include automotive, electronics, aerospace, and machinery manufacturing. These sectors emphasize the security of smart factories, robotics, and production data. With increasing automation and IoT integration, this segment holds about 40% of the market.
Industrial Cyber Security Solutions and Services Market, By Geography
In this report, the Industrial Cyber Security Solutions and Services Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Industrial Cyber Security Solutions and Services Market Share (%), by Geographical Region
North America
North America leads the industrial cyber security market due to strong regulatory frameworks and high adoption of advanced industrial control systems. The region contributes over 35% of the global market, driven by sectors like energy, oil & gas, and manufacturing.
Europe
Europe follows closely with a market share of around 25%, supported by strict GDPR compliance, strong government initiatives, and widespread digitalization in automotive and pharmaceutical industries.
Asia Pacific
Asia Pacific is witnessing rapid growth, contributing approximately 20% of the market. Rising investment in smart manufacturing, increasing cyber threats, and expanding industrial IoT infrastructure are key drivers in countries like China, India, and Japan.
Middle East and Africa
This region holds about 10% market share, with growth fueled by increasing adoption of cyber security in oil & gas and utility sectors, especially in the Gulf Cooperation Council (GCC) countries.
Latin America
Latin America accounts for around 10% of the market, with emerging opportunities in mining, energy, and industrial automation. Countries like Brazil and Mexico are leading the regional demand.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Industrial Cyber Security Solutions and Services Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Rise in IoT adoption in industrial settings
- Digital transformation initiatives
- High-profile industrial cyber-attacks
- Need for secure remote access solutions - As industries continue to embrace digital transformation and remote working models, the demand for secure and reliable remote access to industrial control systems (ICS) and operational technology (OT) environments has escalated. Secure remote access solutions enable authorized personnel to access critical infrastructure and manufacturing systems from remote locations without compromising security, ensuring uninterrupted operations and timely decision-making.
The adoption of secure remote access solutions is crucial for maintaining operational efficiency and reducing downtime by facilitating remote monitoring, diagnostics, and maintenance activities. These solutions employ advanced authentication mechanisms, encryption protocols, and access controls to safeguard against unauthorized access, data breaches, and cyber threats. As industries increasingly rely on remote access to manage and control complex industrial processes, the deployment of robust remote access security measures becomes imperative to protect against evolving cyber threats and ensure the resilience and integrity of industrial operations.
Restraints
- Limited awareness of industrial cyber risks
- Potential operational disruptions
- Reluctance to share information - In the industrial sector, organizations often hesitate to share cybersecurity incidents, vulnerabilities, and best practices due to concerns about competitive advantage, reputational damage, and regulatory implications. This lack of transparency hinders collaborative efforts to combat cyber threats effectively and limits the collective learning and knowledge-sharing essential for advancing cybersecurity resilience across the industry.
The reluctance to share information extends beyond individual organizations to encompass broader industry collaboration and public-private partnerships. Without open communication channels and shared threat intelligence, the ability to identify emerging cyber threats, develop proactive security measures, and foster a collaborative cybersecurity ecosystem is compromised.
Opportunities
- Expansion of cloud-based security solutions
- Integration of AI and machine learning
- Customized cybersecurity offerings
- Adoption of advanced threat detection technologies - As industrial environments become more interconnected and digitized, the complexity and sophistication of cyber threats continue to escalate, necessitating innovative solutions to detect and mitigate these risks effectively. Advanced threat detection technologies leverage sophisticated algorithms, AI, and machine learning capabilities to analyze vast amounts of data in real-time, enabling early detection of anomalous behavior and potential security breaches within industrial networks.
These advanced technologies offer a proactive approach to cybersecurity, enabling organizations to move beyond traditional reactive measures and adopt a more predictive and adaptive security posture. By continuously monitoring and analyzing network traffic, device behavior, and user activities, advanced threat detection solutions can identify subtle indicators of compromise and unauthorized access attempts that may go unnoticed by conventional security systems. This proactive approach not only enhances the overall security resilience of industrial operations but also enables organizations to respond swiftly to emerging threats, minimizing potential damage and operational disruptions.
Competitive Landscape Analysis
Key players in Global Industrial Cyber Security Solutions and Services Market include,
- Schneider Electric SE
- Rockwell Automation, Inc.
- CyberArk Software Ltd.
- ABB Ltd.
- Bayshore Networks, Inc.
- Kaspersky Lab
- McAfee, LLC
- Cisco Systems, Inc.
- Symantec Corporation
- IBM Corporation
- Dell Inc.
- Honeywell International Inc.
- Siemens AG
- Lockheed Martin Corporation
- Maverick Technologies
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Component
- Market Snapshot, By Deployment Mode
- Market Snapshot, By Security Layer
- Market Snapshot, By End-Use Industry
- Market Snapshot, By Region
- Industrial Cyber Security Solutions and Services Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rise in IoT adoption in industrial settings
- Digital transformation initiatives
- High-profile industrial cyber-attacks
- Need for secure remote access solutions
- Restraints
- Limited awareness of industrial cyber risks
- Potential operational disruptions
- Reluctance to share information
- Opportunities
- Expansion of cloud-based security solutions
- Integration of AI and machine learning
- Customized cybersecurity offerings
- Adoption of advanced threat detection technologies
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Industrial Cyber Security Solutions and Services Market, By Component, 2021 - 2031 (USD Million)
- Hardware Solution
- Software Solution
- Services
- Industrial Cyber Security Solutions and Services Market, By Deployment Mode, 2021 - 2031 (USD Million)
- On-Premise
- Cloud-Based
- Hybrid Solutions
- Industrial Cyber Security Solutions and Services Market, By Security Layer, 2021 - 2031 (USD Million)
- Network Security
- End-point Security
- Cloud Security
- Application Security
- Others
- Industrial Cyber Security Solutions and Services Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Process Industries
- Discrete Industries
- Industrial Cyber Security Solutions and Services Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Industrial Cyber Security Solutions and Services Market, By Component, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Schneider Electric SE
- Rockwell Automation, Inc.
- CyberArk Software Ltd.
- ABB Ltd.
- Bayshore Networks, Inc.
- Kaspersky Lab
- McAfee, LLC
- Cisco Systems, Inc.
- Symantec Corporation
- IBM Corporation
- Dell Inc.
- Honeywell International Inc.
- Siemens AG
- Lockheed Martin Corporation
- Maverick Technologies
- Company Profiles
- Analyst Views
- Future Outlook of the Market