Industrial cyber security is referred to as the protection of industrial control systems from threats (from cyber attackers). It is also known as OT security. It consists of various practices including: Asset inventory and detection. The rapid increase in cyberattacks has influenced the growth of industrial cyber security, as these are attacks are done for ransom to harm the industry’s production system. Cyber attacks have become a common way to extort money for illegal activities. Due to this industrial cybersecurity companies came into existence.
Industrial control systems majorly focus on industrial processes or automation instead of other operating systems like building controls, medical devices, etc. From power generation, water treatment to manufacturing, control systems ensure the effective and uninterrupted operation of a wide range of industrial systems. These control systems are vulnerable to attacks from hackers.
Cybersecurity companies have come into existence in recent time because of growing number of attacks. Now, with increasing percentage of attacks, many governments are joining hands with private entities to curb down losses. Inline with this, industrial cybersecurity companies have dedicated their time and money in safeguarding the industrial setup of clients.
From automation to transport, everything is being done online nowadays. This makes them a breeding ground for illegal attacks. To effectively handle this, the industrial cybersecurity companies keep on innovating with latest available technology. Due to the increasing demand, the big league members of the software domain have joined the bandwagon.
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Top 7 industrial cybersecurity companies safeguarding business operations
According to Global Industrial Cybersecurity Companies’ Market Report, this market was standing at USD 20.92 Billion in 2021. With growing number of cyber attacks, many companies are exploring cybersecurity options. Cybersecurity industry has grown from personal to industrial level protection solutions. As the industrial level cybersecurity requires extensive and long-term solutions, the demand for industrial cybersecurity companies has drastically increased.
Verified Market Research analysts confirmed that this market will be valued at USD 40.79 Billion by 2029. Recent market trends point towards a CAGR of 8.54% from 2022 to 2029.
It is worth noting that the automation segment holds the biggest piece of cake when it comes to taking services of cybersecurity providers. With growing support from international regulatory bodies and governments, leading players are escalating their R&D activities to come first in the competition of delivering the most robust industrial cybersecurity services.
Cisco
Cisco is an American multinational corporation technology company that, manufactures and sells networking equipment worldwide. It is the one of the biggest networking companies in the world. The company laid its foundation in 1984 and its headquarters are located in the United States.
Honeywell
Honeywell is an American publicly traded, multinational conglomerate corporation headquartered in the United States. It handles its operations in four major areas: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. The company laid its foundation in 1906.
Rockwell Automation
Rockwell Automation is a global company that’s primary target is on industrial automation and digital transformation. Rockwell Automation modified its organizational structure into three operating segments—intelligent devices, software and control, and lifecycle services in 2021. The company handles its operations in more than 100 countries around the globe.
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Dell
Dell is an American technology corporation that manufacturers, sells, repairs, and supports computers and related products and services. It is owned by its parent company of Dell Technologies. Dell laid its foundation in 1984 and its headquarters are located in the United States.
Symantec Corporation
Symantec Corporation is an American software company and its headquarters are based in the United States. The company provides cybersecurity software and services. The company was formed in 1982. It has emerged as the face of industrial cybersecurity companies’ market because of its futuristic vision.
IBM
International Business Machines Corporation a.k.a. IBM is an American multinational technology corporation headquartered at United States. The company laid its foundation in 1911 and with an excellent global network it has been handling its operations across all continents.
ABB
ABB, formerly ASEA Brown Boveri, is a Swedish-Swiss multinational corporation headquartered in Switzerland. The company operates mainly in robotics, power, heavy electrical equipment, and automation technology areas. ABB laid its foundation in 1988.
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