As per the report by FMI (Future Market Insight) the industrial cyber security market is predicted to increase at a CAGR of 7.7% from USD 20.7 billion in 2022 to USD 29.99 billion in 2027. The main reason that will cause the uprise of the Industrial cyber security market is the increased demand of industrial cyber security products in the power industry.

The pandemic situation has constricted people and obligated them to work from home. The digital platforms and Internet of Things has made it easier for millions of people to work from home. The businesses and customers are interacting through smart gadgets. This has resulted in an increase in the number of networked devices that run on many platforms.

The adaptation to networked and smart devices has increased the risks of targeted assaults on automated systems and industrial control systems. Many industrial companies use modern security technologies to prevent cyber attacks and safeguard their security goods and software solutions.But the cyber threats are getting advanced and becoming a serious security problem for the industrial sector.Therefore, the industrial companies are going to invest more into modern cyber security systems.