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Industrial Cybersecurity Market to Reach $57.60 Billion by 2032 – Exclusive Report by Meticulous Research®

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REDDING, Calif., Feb. 25, 2025 /PRNewswire/ — According to a new market research report titled ‘Industrial Cybersecurity Market Size, Share, Forecast & Trend Analysis by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics) & Geography- Global Forecast to 2032,’ published by Meticulous Research®

The industrial cybersecurity market is projected to reach $57.60 billion by 2032, at a CAGR of 13.5% from 2025 to 2032.

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The growth of the industrial cybersecurity market is driven by the rise of disruptive digital technologies, increasing frequency and sophistication of cyberattacks, cybersecurity regulations and industry compliance requirements. However, the shortage of skilled cybersecurity professionals, the complexity of securing OT environments, restrain the growth of this market.

Furthermore, cloud-based security solutions, AI and ML for threat detection, are expected to generate market growth opportunities. However, increasing use of mobile devices as attack vectors, vulnerability issues with IOT devices increasing use of mobile devices as attack vector, vulnerability issues with IOT devices are a major challenge for market stakeholders.

The industrial cybersecurity market is segmented by Component (Solution [Encryption, Data Loss Prevention, Unified Threat Management, Firewalls, Antivirus/Antimalware, Intrusion Detection/Prevention System, Security & Vulnerability Management, Disaster Recovery, Web Filtering, Identity & Access Management, Risk & Compliance Management, and DDS Management], Services [Professional Services, and Managed Services]) Security Type (Including Network, Application, Cloud, and Endpoint Security), Deployment Mode (On-Premises Deployment and Cloud-Based Deployment), End User (Industrial Manufacturing [Automotive, Aerospace & Defense, Heavy Metals & Machinery, Electronics & Electrical, FMCG, Chemicals, and Other Manufacturing Industries] Energy & Utilities, Transportation & Logistics, and Other End Users), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

The report includes an extensive assessment of the key strategic developments by leading market participants in the industry over the past five years (2021–2025). The industrial cybersecurity market has witnessed several partnerships, agreements, collaborations, mergers, and acquisitions in recent years. The key players operating in the industrial cybersecurity market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), F5, Inc. (U.S.), Mandiant, Inc. (U.S.), Broadcom, Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Imperva, Inc. (U.S.), Cyberark Software Ltd. (U.S.), and RSA Security LLC (U.S.).

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Key Findings in the Global Industrial Cybersecurity Market Study:

On the basis of component, the global industrial cybersecurity market is segmented into two key components: solutions and services. In 2025, the solutions segment is expected to account for the largest share of 56.4% of the global industrial cybersecurity market. The large market share of this segment is attributed to heightened concerns over cybersecurity risks in industrial operations, as well as the consistent efforts by industrial stakeholders to enhance operational efficiency, reduce costs, and ensure a resilient security framework. 

On the basis of security type, the global industrial cybersecurity market is segmented into network security, application security, cloud security, endpoint security, and other security types. In 2025, the endpoint security segment is expected to account for the largest share of 40.3% of the global industrial cybersecurity market. The key factors contributing to the large market share of endpoint security segment are increasing need for organizations to protect their expanding network perimeters, which now include a wide variety of endpoints, such as computers, mobile devices, and IoT devices.

On the basis of deployment mode, the global industrial cybersecurity market is segmented into on-premise deployment and cloud-based deployment. In 2025 the cloud-based deployment segment is expected to account for the largest share of 54.7% of the global industrial cybersecurity market. The rapid evolution of cloud technologies, which offer enhanced flexibility, scalability, and cost-efficiency are the factors contributing to the large market share of the segment.

On the basis of end users, the global industrial cybersecurity market is segmented into industrial manufacturing, energy & utilities, transportation & logistics, and other end users. In 2025, the industrial manufacturing segment is expected to account for the largest share of 65.4% of the global industrial cybersecurity market. This segment’s large market share can be attributed to growing demand for real-time security monitoring, rising cybersecurity incidents, and the increasing integration of smart devices and IoT technologies in manufacturing processes.

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This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India,  South Korea, Taiwan, Singapore and  Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa ( Israel, United Arab Emirates, and Rest of Middle East & Africa).

Geographically, in 2025, North America is expected to account for the largest share of 36.1% of the global industrial cybersecurity market. The North America industrial cybersecurity market is estimated to be worth USD 8.58 billion in 2025. The large share of this regional market is mainly attributed to several key factors, including stringent regulatory frameworks, a high concentration of critical infrastructure, rapid digital transformation, and a growing number of cyber threats targeting industrial sectors.

One of the primary drivers is strict cybersecurity regulations and compliance standards enforced by government agencies. The U.S. has stringent policies such as the Cybersecurity and Infrastructure Security Agency (CISA) guidelines, National Institute of Standards and Technology (NIST) cybersecurity framework, and Industrial Control Systems (ICS) security standards. Additionally, sector-specific regulations like the North American Electric Reliability Corporation Critical Infrastructure Protection (NERC CIP) for the energy sector mandate strict cybersecurity measures for industrial systems. These regulations push enterprises to adopt advanced cybersecurity solutions to ensure compliance and prevent hefty penalties.

Moreover, North America has a strong presence of leading cybersecurity vendors and technology providers, including companies like Palo Alto Networks, Cisco, IBM, Fortinet, and CrowdStrike, which further accelerates the adoption of industrial cybersecurity solutions. These firms continuously develop innovative security solutions, including AI-driven threat detection, zero-trust architectures, and real-time monitoring tools, ensuring enterprises stay ahead of evolving cyber risks.

Despite North America’s leading position, Asia-Pacific is expected to register the highest growth rate, with a projected CAGR of 15.0% during the forecast period, largely due to the widespread integration of connected devices in developing countries. The industrial sector across the region plays a pivotal role in the economy and is undergoing rapid digital transformation, with disruptive technologies like AI, machine learning, and IoT propelling this shift. These advancements are also driving the widespread adoption of cloud solutions, further complicating the cybersecurity landscape. As the number of connected devices continues to rise, so does the vulnerability to cyberattacks, prompting businesses to invest in cutting-edge cybersecurity technologies to safeguard sensitive data and infrastructure.

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Scope of the Report:

Global Industrial Cybersecurity Market Assessment—by Component

SolutionsEncryptionData Loss PreventionUnified Threat ManagementFirewallsAntivirus/AntimalwareIntrusion Detection/Prevention SystemSecurity & Vulnerability ManagementDisaster RecoveryWeb FilteringIdentity & Access ManagementRisk & Compliance ManagementDDS ManagementServices

Global Industrial Cybersecurity Market Assessment—by Security Type

Endpoint SecurityNetwork SecurityApplication SecurityCloud SecurityOther Security Types

Global Industrial Cybersecurity Market Assessment—by Deployment Mode

Cloud-based deploymentOn-premise deployment

Global Industrial Cybersecurity Market Assessment—by End User

Industrial ManufacturingTransportation & LogisticsEnergy & UtilitiesOther End Users

Global Industrial Cybersecurity Market Assessment—by End User

Industrial ManufacturingAutomotiveAerospace & DefenseElectronics & ElectricalChemicalsHeavy Metals & MachineryFMCGOther Manufacturing IndustriesTransportation & LogisticsEnergy & UtilitiesOther End Users

Global Industrial Cybersecurity Market Assessment—by Geography

North AmericaU.S.CanadaEuropeU.K.GermanyFranceItalySpainRest of EuropeAsia-PacificChinaSouth KoreaIndiaJapanTaiwanSingaporeRest of Asia-PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East and AfricaIsraelUnited Arab EmiratesRest of Middle East and Africa

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About Meticulous Research Pvt. Ltd.

We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight major sectors and 20+ geographic markets, all to deliver targeted business insights that help our clients lead in a rapidly evolving global market.

With a strong focus on problem-solving for complex business challenges, our research enables organizations to navigate change with assertion, aligning it with strategic pathways for sustainable growth. By identifying innovative and effective solutions, we empower leaders to make impactful decisions that drive operational excellence and fuel innovation. We are committed to crafting insights that enhance business performance and help our clients unlock new revenue opportunities, positioning them for long-term success in the competitive global marketplace.

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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4 hours ago

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October 25, 2026

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

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SOURCE ST Engineering iDirect

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

4 hours ago

on

October 25, 2026

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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11 hours ago

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October 24, 2026

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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