Industrial Cyber Security Market to Hit $45 Billion by 2035
The industrial cyber security market is projected to grow from USD 17.3 billion in 2024 to USD 45 billion by 2035, reflecting a robust CAGR of 9.08%. This growth is driven by increasing digitization, adoption of automation technologies, and rising cyber threats targeting critical infrastructure, particularly in sectors like energy and manufacturing. Key challenges include a shortage of skilled professionals and high implementation costs. However, advancements in AI and machine learning present significant opportunities for real-time threat detection and enhanced security measures. As industries, including India, prioritize cyber security, investments in advanced solutions will be crucial for safeguarding operational technologies against evolving threats.