Industrial Cybersecurity Market: Resilient Infrastructure Strategy and Security Investment Outlook, 2025–2033

Market Overview

The global Industrial Cybersecurity Market was valued at USD 19.00 Billion in 2024 and is forecast to reach USD 32.76 Billion by 2033. The market is expected to grow at a CAGR of 6.24% during the forecast period from 2025 to 2033. Key growth is driven by rising cyberattacks targeting critical infrastructures and increasing adoption of advanced cybersecurity technologies, including AI, ML, and cloud-based solutions.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Industrial Cybersecurity Market Key Takeaways

• The global industrial cybersecurity market size was USD 19.00 Billion in 2024.
• The market is projected to grow at a CAGR of 6.24% during 2025-2033.
• North America accounted for the largest market share of 42.0% in 2024.
• The increased incidence of cyberattacks on critical infrastructure sectors such as energy and manufacturing propels demand.
• Regulations like the NIST Cybersecurity Framework and NERC CIP standards significantly influence market growth in North America.
• Adoption of AI and ML is enhancing threat detection and response, positively impacting market growth.
• Industrial IoT proliferation increases vulnerabilities, accelerating the need for security solutions.

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Market Growth Factors

The rising incidence of cyberattacks and threats against critical infrastructures such as power grids, transportation systems, water treatment plants, and healthcare facilities is a major factor propelling the industrial cybersecurity market growth. In 2023, there were over 8.21 billion records breached globally, demonstrating the scale of vulnerabilities. The proliferation of Industrial Internet of Things (IIoT) devices enhances operational efficiency but also expands entry points for cyber threats, necessitating robust cybersecurity solutions.

Growing demand for cloud-based solutions is a key growth driver. These solutions provide benefits including scalability, accessibility, security, automatic updates, disaster recovery, and real-time data processing, which are critical to industrial environments. The widespread adoption of cloud technology helps industries manage and mitigate cyber risks more effectively, increasing market demand.

The expanding use of artificial intelligence (AI) and machine learning (ML) techniques is strengthening market growth by enhancing threat detection, identifying anomalies, and automating cybersecurity measures. Reports indicate that 70% of cybersecurity professionals find AI highly effective in detecting previously unnoticed threats. AI and ML enable continuous learning from new threats, improving accuracy and reducing response times. Additionally, blockchain technology adoption is positively influencing security for critical transactions, supply chains, and data sharing.

Market Segmentation

Analysis by Component:

• Product: Products lead the market with increased demand for tangible security solutions like access control, intrusion detection systems, and firewalls to protect critical infrastructure including manufacturing plants and energy grids. The rise of IIoT devices further increases demand for hardware-based cybersecurity products that offer integrated protection and mitigate cyberattack risks.

Analysis by Security Type:

• Network Security: Network security holds the dominant market share of 27.8% in 2024. The segment's growth is driven by the critical need to protect industrial networks which integrate operational technology (OT) with IT systems, making them vulnerable to cyber threats. Solutions include firewalls, VPNs, and intrusion prevention systems to maintain secure communication channels and comply with regulations like NERC CIP and NIST.

Analysis by Industry:

• Process: Includes Oil and Gas, Chemical, Food and Beverages, Energy and Power, and Others. These sectors rely significantly on process control systems like SCADA, which are susceptible to cyberattacks. The critical nature of these sectors necessitates continuous service and strict cybersecurity compliance. Legacy systems and the need to secure both IT and OT environments pose unique challenges.
• Discrete: Includes Automotive, Electronics, Heavy Manufacturing, Packaging, and Others.

Regional Insights

North America dominated the industrial cybersecurity market in 2024 with a 42.0% share. The region's advanced industries such as energy, manufacturing, and transportation face significant cybersecurity threats, driving high investments in security technologies. Stringent regulatory demands, including the NIST Cybersecurity Framework and NERC CIP standards, further bolster this growth. For example, in November 2024, Waterfall Security partnered with GoCloud to implement security technologies at the Port of Miami, enhancing maritime cybersecurity.

Recent Developments & News

• In January 2025, Dragos Inc., a leader in OT cybersecurity, partnered with Yokogawa Electric Corporation, a major provider to the process and manufacturing sectors.
• The European Commission, in January 2025, unveiled an EU action plan to strengthen cybersecurity for hospitals and healthcare providers, focusing on improved threat detection and response.
• In March 2024, Microsoft launched its Copilot for Security, the first generative AI solution aiding security professionals to improve threat detection and team expertise.

Key Players

• ABB Ltd.
• AO Kaspersky Lab
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Honeywell International Inc.
• International Business Machines Corporation
• OPSWAT Inc.
• Proofpoint Inc.
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG

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