Industrial Cyber Security Solutions and Services Market Size

Industrial Cyber Security Solutions and Services Market size was over USD 18.67 Billion in 2023 and is projected to exceed USD 62.95 Billion by 2036, witnessing over 9.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial cyber security solutions and services is evaluated at USD 20.34 Billion. The growth of the market can be attributed to the rising urbanization and increasing adoption of digitalization technology across the world. The growing use of different technologies including cloud computing, AI, and other applications is estimated to drive market growth. Also, the rising number of cyber-attacks or cybercrimes in many IT and data centers is driving market growth in the coming years. As per the reports, it was estimated that every 30 seconds a cyber-attack is carried out online with cybercrimes occurring more than 2400 times every day around the world. The growing number of industries using advanced technological data management services to reduce the workload is estimated to drive market growth in the coming years.