Discover Top 50 Companies in Industrial Cybersecurity: Global Share, Market Size, Revenue Report (2024-2035)
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Industrial Cybersecurity Market Size is projected To Grow from USD 18.74 Billion in 2024 to USD 39.84 Billion by 2035, at a CAGR of 7.83 % during the forecast period 2025–2035. The Industrial Cybersecurity Market presents future opportunities in securing smart factories, critical infrastructure, and IIoT networks, driven by increased automation, rising cyber threats, and regulatory mandates for industrial data protection and resilience.
Introduction
The Industrial Cybersecurity market refers to technologies, services, and practices used to protect industrial systems such as SCADA, PLCs, and DCS from cyber threats and unauthorized access. These systems are critical to operations in industries like manufacturing, energy, oil & gas, and transportation. As industrial environments increasingly adopt digitalization, automation, and Industrial Internet of Things (IIoT) technologies, the attack surface for cyber threats grows significantly. Key driving factors include the rising frequency and sophistication of cyberattacks on critical infrastructure, strict government regulations for industrial security compliance, growing reliance on cloud-connected systems, and the increasing need for real-time threat detection and response capabilities.
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Industrial Cybersecurity Market Size & Statistics
- The Market for Industrial Cybersecurity was estimated to be worth USD 18.74 Billion in 2024.
- The market is going to expand at a CAGR of 7.83 % between 2025 and 2035.
- The Global Industrial Cybersecurity Market Size is anticipated To reach USD 39.84 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the industrial Cybersecurity Market.
- Asia Pacific is expected to grow the fastest during the forecast period in the Industrial Cybersecurity Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the industrial cybersecurity market. The analysis of the industrial cybersecurity market in the Asia-Pacific region includes China, India, Japan, Australia, and other areas of Asia-Pacific. The expanding economies in APAC feature China and India. These nations possess a significant number of small and medium-sized enterprises (SMEs), which provide employment for more than 70% of the overall workforce. The substantial expense of carrying out a security project for industrial control systems prevents SMEs from adopting effective security measures in their businesses. Nevertheless, rising company complexity, swift digitization and virtualization, along with the growing BYOD trend, are expected to compel SMEs to adopt a range of industrial control solutions and services. Industrial cybersecurity providers offering solutions and services to the manufacturing, transportation, and energy sectors can benefit from these SMEs.
North America is expected to generate the highest demand during the forecast period in the industrial cybersecurity market. The analysis of North America's industrial cybersecurity market encompasses the United States and Canada. Rising cyber threats represent a severe reality of current circumstances that must be acknowledged, and North America holds the largest market share in the worldwide industrial cybersecurity sector. Moreover, increased investment by key firms in extending their global presence is expected to boost market growth in North America. Major companies such as CyberArk Software Ltd., Rockwell Automation, Inc., Cisco System, Inc., and others play a crucial role in the region's prosperity. Additionally, the industrial cybersecurity market is anticipated.
Top Key Drivers & Industrial Cybersecurity Trends
- Growing Threat of Cyberattacks on Critical Infrastructure
The rise in sophisticated cyberattacks targeting industrial control systems (ICS) has emerged as a major driver for the industrial cybersecurity market. Nation-state attacks, ransomware campaigns, and advanced persistent threats (APTs) are increasingly targeting sectors like energy, manufacturing, and utilities. These attacks can cause severe disruptions, physical damage, and financial losses. High-profile incidents like the Stuxnet worm and Colonial Pipeline breach have raised awareness about the vulnerabilities of operational technology (OT) environments. As a result, organizations are investing heavily in cybersecurity frameworks, real-time monitoring, and secure network architecture to safeguard essential assets and ensure operational continuity.
- Integration of IIoT and Industry 4.0 Technologies
The rapid adoption of Industrial Internet of Things (IIoT), smart sensors, cloud platforms, and AI-driven automation under Industry 4.0 is expanding the attack surface across industrial ecosystems. While these innovations improve efficiency and decision-making, they also introduce new vulnerabilities as more devices and networks become interconnected. To address these challenges, the market is witnessing a surge in demand for integrated cybersecurity solutions that secure both IT and OT environments. Vendors are focusing on developing AI-powered anomaly detection, zero-trust architectures, and edge security frameworks. The convergence of digital transformation and cybersecurity is thus a defining trend shaping future market growth.
Top 5 Cybersecurity Solutions Impacting Energy Utilities
Qubitekk: Quantum Cryptography
As computational power grows and hackers develop more advanced cyber attacks, the energy sector requires improved technologies to safeguard power grids. A notable technology is quantum cryptography, which employs entangled photons secured by the principles of quantum physics from unnoticed interference. The US startup Qubitekk creates quantum cryptography technologies for the machine-to-machine (M2M) communications sector, incorporating solutions for securing power grids. The company is also working with two major utility companies in California to evaluate its cryptography for quantum-safe authentication and encryption of automated field devices.
Nozomi Networks: Industrial Network Vulnerability Assessment
Utility industrial networks consist of hundreds or even thousands of devices from different manufacturers. Not all of these devices possess a strong level of security, which is essential for crucial infrastructure. Cybersecurity solutions for assessing vulnerabilities in industrial networks help energy utilities address the previously mentioned challenge by detecting issues in the vulnerability of Operational Technology (OT) and Internet of Things (IoT) devices. Nozomi Networks is a startup in the US that creates a solution to safeguard power generation, transmission, and distribution systems while enhancing operational visibility and dependability. This solution automatically detects vulnerabilities in utility systems and presents all vulnerabilities categorized by vendor and severity. Consequently, this recognition allows cybersecurity teams to focus on critical risk exposure areas.
Rhebo: Industrial Network Monitoring
As digitization of power generation, transmission, and distribution systems rises, the complexity of network control systems also grows. Consequently, it becomes increasingly difficult for energy utilities to maintain cybersecurity and safeguard against extensive malware attacks, undiscovered vulnerabilities, hacking attempts, and other possible security threats. Platforms for industrial cybersecurity that facilitate network condition monitoring and anomaly detection assist utilities in addressing these issues. The German firm Rhebo offers security solutions for the energy sector. Rhebo Industrial Protector, the solution provided by the company, oversees industrial networks, identifies, alerts, and ranks all irregularities instantly. Additionally, the tool documents every type of communication in energy systems, including both recognized and unrecognized malicious codes, expert cyberattacks, internal sabotage, manipulations, and technical network failures.
CyberDesk: Critical Infrastructure Protection
Electric utilities globally are digitizing their networks, assets, and operations to enhance efficiency and offer improved services to their clients. Although digitization offers many advantages for energy systems, it also heightens the potential for cyberattacks and cybersecurity threats. As a result, startups and new firms are creating novel solutions to safeguard the essential infrastructure of energy utilities from cyber threats. CyberDesk is a Ukrainian startup bringing together cybersecurity research from multiple industries. By employing various strategies for detection, prevention, and mitigation, the startup leverages cross-industry expertise to create layered security solutions and services. CyberDesk’s research and development (R&D) centers offer cybersecurity solutions that reduce or avert cyber-attacks on essential infrastructure, including supervisory control and data acquisition (SCADA) and IoT systems – both of which are utilized in the energy sector.
Claroty: Operational Technology Cybersecurity
Although there are business advantages, the integration of IT and OT in the energy sector also presents security issues. Conflicting priorities and mismatched technologies in IT and OT settings further elevate cyber risks. Consequently, cutting-edge cybersecurity measures are needed to address these issues. Claroty is a startup from the US that provides a platform to close the industrial cybersecurity gaps between IT and OT settings for energy utilities. Additionally, this solution offers extensive visibility into OT assets and networks, along with segmentation, vulnerability management, threat detection, and risk assessment. This provides the secure remote access functionalities that energy utilities need to function safely.
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Top 19 Companies Leading the Industrial Cybersecurity Market
- IBM
- Honeywell International
- ABB
- Schneider Electric
- Cisco Systems
- McAfee Corporation
- Mitsubishi Electric Corporation
- Siemens
- Dell Technologies
- NortonLifeLock
- Rockwell Automation
- Fortinet
- Palo Alto Network
- Proofpoint
- Trend Micro
- Splunk Technology
- Broadcom Inc.
- Microsoft Corporation
- Others
1. IBM
Headquarters: Armonk, New York, USA
IBM (International Business Machines Corporation) is a global leader in enterprise technology, offering a wide range of cybersecurity solutions tailored for industrial environments. Through its IBM Security division, the company provides threat intelligence, endpoint protection, network security, and incident response services. IBM’s industrial cybersecurity offerings include AI-driven platforms such as QRadar and X-Force, designed to detect and mitigate threats in real time. IBM works closely with critical infrastructure operators to secure OT and IT convergence, ensuring business continuity. With its advanced research and global reach, IBM is a trusted partner for industrial organizations seeking robust and scalable cybersecurity solutions.
2. Honeywell International
Headquarters: Charlotte, North Carolina, USA
Honeywell International is a multinational conglomerate known for its industrial automation and control solutions. The company has a strong presence in industrial cybersecurity through its Honeywell Connected Enterprise division, offering cybersecurity software, consulting, and managed services tailored to OT environments. Honeywell’s offerings include the Cyber Insight platform, risk assessment tools, and secure remote access solutions. Its cybersecurity solutions are widely adopted in sectors like oil & gas, manufacturing, and chemicals. By combining deep domain expertise in industrial operations with modern cybersecurity practices, Honeywell enables organizations to protect critical systems, improve compliance, and defend against ever-evolving cyber threats.
3. ABB
Headquarters: Zurich, Switzerland
ABB is a global technology leader in electrification and automation, playing a pivotal role in advancing industrial cybersecurity. ABB integrates cybersecurity into its industrial automation systems, offering secure control systems, firewalls, endpoint security, and real-time monitoring solutions. The company provides comprehensive OT security frameworks through its ABB Ability™ platform, helping customers protect assets in sectors like utilities, mining, transportation, and manufacturing. ABB emphasizes secure-by-design principles and collaborates with global partners to deliver proactive threat detection and response capabilities. With its combination of industrial expertise and cybersecurity innovation, ABB supports clients in ensuring system resilience and regulatory compliance.
4. Schneider Electric
Headquarters: Rueil-Malmaison, France
Schneider Electric is a global specialist in energy management and automation and has emerged as a key player in industrial cybersecurity. The company offers a robust suite of solutions for securing industrial control systems, including risk assessments, cybersecurity consulting, secure network architecture, and endpoint protection. Schneider Electric’s EcoStruxure™ Cybersecurity platform enables organizations to monitor and protect critical infrastructure in real time. The company works closely with industrial clients in energy, utilities, and manufacturing to ensure both IT and OT security. Schneider emphasizes regulatory compliance, including ISA/IEC 62443 standards, while helping customers advance their digital transformation securely.
5. Cisco Systems
Headquarters: San Jose, California, USA
Cisco Systems is a global leader in networking and cybersecurity, providing innovative solutions for industrial and enterprise environments. In the industrial cybersecurity space, Cisco delivers integrated security architectures that include firewalls, intrusion prevention systems (IPS), secure access, and network segmentation. Through its Cisco Secure portfolio and partnerships, the company addresses the unique needs of critical infrastructure and manufacturing systems. Cisco’s Industrial Security Appliances (ISA) and Cyber Vision tools help monitor, detect, and respond to threats across OT networks. Known for its scalability and reliability, Cisco enables secure digital transformation and operational continuity in highly connected industrial ecosystems.
Are you ready to discover more about the industrial cybersecurity market?
The report provides an in-depth analysis of the leading companies operating in the global Industrial cybersecurity market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- IBM.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Honeywell International
- ABB
- Schneider Electric
- Cisco Systems
- McAfee Corporation
- Mitsubishi Electric Corporation
- Siemens
- Dell Technologies
- NortonLifeLock
- Rockwell Automation
- Fortinet
- Palo Alto Network
- Proofpoint
- Trend Micro
- Splunk Technology
- Broadcom Inc.
- Microsoft Corporation
- Others
Conclusion
The industrial cybersecurity market is poised for transformative growth, driven by rising digitalization, increasing cyber threats, and the critical need to protect operational technology across vital industries. With growing adoption of IIoT and Industry 4.0, organizations must secure their systems through robust, integrated cybersecurity strategies. Leading companies are investing in real-time monitoring, AI-driven threat detection, and regulatory compliance to stay ahead of evolving risks. As the convergence of IT and OT environments accelerates, industrial cybersecurity becomes a cornerstone of resilience and continuity. Enterprises must proactively invest in advanced solutions to safeguard infrastructure, ensure safety, and maintain competitive advantage in a hyper-connected world.
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