Rising popularity of cybersecurity in detecting and responding to cyber threats and integration of new technologies in the industrial automation field is expected to drive the global cybersecurity for industrial automation market growth during the forecast period. Masu.of Asia Pacific This region is predicted to become the most dominant by 2032.
New Castle, Delaware, February 12, 2024 /PRNewswire/ — Allied Market Research recently published a report titled “Cyber Security in Industrial Automation Market by Type (Fixed Automation Systems, Programmable Automation Systems, Flexible Automation Systems, Integrated Automation Systems) and by Tool or Technology (Numerical Control)” A report has been published. (NC) machine tools, programmable logic controllers (PLCs), computer numerical control (CNC) systems, industrial sensors), by security type (enterprise security, SCADA security (supervisory control and data acquisition), network security, device security, physical Security), by End-Use (Automotive Manufacturing, Electronics & Telecommunications, Food & Beverage Processing, Pharmaceuticals, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032. According to the report, the global Cyber Security for Industrial Automation market is 9 billion dollars In 2022, $20.5 billion By 2032, it will rise at a CAGR of 8.7% from 2023 to 2032.
Key determinants of growth
The growing popularity of cybersecurity in detecting and responding to cyber threats, increasing number of cyber threats, and strict regulations and standards mandating the implementation of cybersecurity in industrial automation will drive the growth of cybersecurity in industrial automation worldwide. This is an expected factor. However, lack of expertise and skilled professionals, outdated legacy systems and compliance issues may hinder future market growth. On the contrary, the introduction of new technologies in the industrial automation sector and increasing focus on developing cyber resilience, incident response planning and business continuity provide an opportunity to reward the expansion of cybersecurity in the industrial automation market. It is expected that Forecast period.
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Report scope and details:
|
Report scope |
detail |
|
Forecast period |
2023-2032 |
|
base year |
2022 |
|
Market size in 2022 |
9 billion dollars |
|
Market size in 2032 |
$20.5 billion |
|
CAGR |
8.7% |
|
Number of pages in the report |
320 |
|
Target segment |
Security Types, End-Uses, Types, Technology Tools, and Regions |
|
driver |
The growing popularity of cybersecurity in detecting and responding to cyber threats Growing cyber threats Strict regulations and standards mandating the implementation of cybersecurity measures in industrial automation |
|
opportunity |
Integration of new technologies in the field of industrial automation Expanding incident response planning and business continuity development |
|
restraints |
Outdated legacy systems and compliance issues |
New coronavirus infection scenario
- The outbreak of the coronavirus disease (COVID-19) pandemic has significantly impacted the global cybersecurity for the growth of the industrial automation market. The pandemic has disrupted global supply chains with lockdowns, reduced manufacturing activities and restrictions on international trade. These disruptions have exposed several industries to cyber threats by creating a remote work culture, compromising network security, and causing data breaches.
- Additionally, industrial automation systems have emerged as a prime target for cybercriminals looking to exploit vulnerabilities amid the increased reliance on digital technologies during the COVID-19 pandemic. Additionally, the global supply chain disruption caused by the pandemic has prompted further scrutiny of supply chain security processes.
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Types of security: SCADA security (supervisory control and data acquisition) subsegment will grow significantly by 2032
The SCADA Security (Supervisory Control and Data Acquisition) subsegment accounted for the largest global share of the Cyber Security for Industrial Automation market at 28.5% in 2022 and is expected to grow at the highest CAGR of 9.4% during the forecast period. This is primarily because SCADA systems play an important role in industrial automation by providing remote monitoring and control capabilities. The growing need to protect critical processes from cyber threats is another factor driving the growth of this subsegment. Additionally, SCADA's efficient centralized process control capabilities are increasing the demand for cyber security in industrial automation.
End-Uses: Food and Beverage Processing subsegment to grow at the highest CAGR during the forecast period
The food and beverage processing subsegment accounted for the largest market share of 34.4% in 2022 and is expected to rise at the highest CAGR of 9.3% during the forecast period. This is primarily because the food and beverage industry relies heavily on computer-controlled automation systems for productivity. Cybersecurity measures are also important to prevent downtime due to cyberattacks. Additionally, intellectual property such as formulations, proprietary recipes, and processes are valuable assets in the food and beverage industry. Cybersecurity is a key element in protecting this intellectual property from unauthorized access and theft.
Type: Programmable Automation Systems Subsegment to Expect Significant Growth by 2032
The programmable automation systems sub-segment of the global market accounted for the highest share of 35.6% in 2022 and is projected to continue maintaining its market share dominance during the forecast period. This is primarily because programmable automation systems offer a high degree of flexibility and adaptability in the manufacturing process. Additionally, the programmable nature of automation systems makes them particularly well-suited to industrial batch production processes that use the same automated steps and tools to produce similar items. Additionally, programmable automation systems allow you to seamlessly implement new processes by changing control programs.
Tools for Technology: Programmable Logic Controller (PLC) subsegment to rise at highest CAGR during forecast period
The programmable logic controller (PLC) subsegment of the global market accounted for the largest share of 32.6% in the cyber security for industrial automation market in 2022 and is expected to rise at the highest CAGR of 9.5% by 2032. This is mainly due to the following reasons: Efficient adaptation to evolving cybersecurity requirements provided by the flexibility of programmable logic controllers (PLCs) in industrial automation. Additionally, PLCs offer robust operation and enhanced reliability compared to traditional relay-based control systems. The PLC's design operates in harsh industrial environments and includes built-in protection against extreme temperatures, electrical noise, and reliable performance to ensure reliable and consistent performance.
Region: Asia-Pacific market will be the most dominant by 2032
Cybersecurity for the industrial automation market Asia Pacific This region accounted for the largest share of 38.2% in 2022 and is projected to rise at the highest CAGR of 9.2% during the forecast period. This growth is primarily due to a significant increase in cyber threats. Additionally, rapid digitalization, geopolitical tensions, and increasing internet penetration are also factors driving the growth of the regional market. Furthermore, some of the countries Asia Pacific Region etc. India, South Korea, Japan, ChinaCompanies such as are aggressively pursuing digital transformation efforts to improve the productivity and efficiency of industrial processes.
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Key players in the industrial automation cybersecurity market:
- microsoft
- Siemens AG
- Cisco Systems Corporation
- ABB
- Dell Corporation
- schneider electric
- Honeywell International Co., Ltd.
- IBM
- Rockwell Automation Co., Ltd.
- Palo Alto Networks, Inc.
This report provides an in-depth analysis of the leading players in the global Cyber Security for Industrial Automation market. These players are adopting various strategies such as new product launches, collaborations, expansions, joint ventures, and agreements to increase their market share and maintain their dominance in different regions. The report helps to introduce the competitive scenario by highlighting business performance, business segments, product portfolio, and strategic moves of market players.
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Allied Market Research (AMR) is the full-service market research and business consulting division of US-based Allied Analytics LLP. Wilmington, Delaware. Allied Market Research provides unparalleled quality of Market Research Report Insights and Business Intelligence Solutions to global corporations and small businesses. AMR has a focused perspective in providing business insights and consulting to help clients make strategic business decisions and achieve sustainable growth in their respective market areas. Masu.
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