Cyber Security for Industrial Automation Market to Reach $20.5 Billion Globally by 2032 at 8.7% CAGR: Allied Market Research
NEW CASTLE, Del., Feb. 12, 2024 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Cyber Security For Industrial Automation Market By Type (Fixed Automation System, Programmable Automation System, Flexible Automation System, Integrated Automation System), By Tools or Technologies (Numerical Control (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 and Telecommunication, 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 generated $9 billion in 2022, and is anticipated to generate $20.5 billion by 2032, rising at a CAGR of 8.7% from 2023 to 2032.
- Moreover, industrial automation systems emerged as prime targets for cybercriminals amidst the COVID-19 pandemic, aiming to exploit vulnerabilities amid heightened dependence on digital technologies.
- This is majorly because SCADA systems play a crucial role in industrial automation by providing remote monitoring and control capabilities.
- Besides, SCADA's capability for efficient centralized process control is driving the demand for cyber security in industrial automation.
- Leading Players in the Cyber Security for Industrial Automation Market: