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Construction Cybersecurity Market Analysis

Report ID: GMI11289 Published Date: September 2024Report Format: PDF
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Construction Cybersecurity Market Analysis

Construction Cybersecurity Market Size, By Enterprise Size, 2022 – 2032, (USD Billion)

Based on enterprise size, the large enterprises segment held over 65% of the market share in 2023 and is expected to cross USD 16.5 billion by 2032. Large construction firms handle high-value assets, including intellectual property, proprietary designs, and sensitive client information. The need to protect these valuable assets from cyber threats drives the demand for robust cybersecurity solutions. Additionally, these firms also work with a broad network of contractors, suppliers, and partners. Securing these integrated supply chains is crucial to prevent breaches that could harm the entire project. This complexity increases the need for comprehensive cybersecurity strategies that include managing third-party risks.

Construction Cybersecurity Market Share, By End-User Industry, 2023

Based on end-user industry, the commercial construction segment held around 39% of the market share in 2023. Modern commercial buildings often feature complex integrated systems for HVAC, lighting, security, and energy management. These systems are connected and controlled through digital platforms, making them vulnerable to cyberattacks, driving the need for specialized cybersecurity solutions. Additionally, commercial construction projects generate and store large amounts of valuable data, including blueprints, financial records, and proprietary designs. This data is attractive to cybercriminals for various purposes such as industrial ransom. Protecting intellectual property and ensuring the integrity and confidentiality of data are major drivers for cybersecurity investments in commercial construction.

North America Construction Cybersecurity Market Size, 2022 -2032, (USD Billion)

Alt Tag-North America Construction Cybersecurity Market Size, 2022 -2032, (USD Billion)North America region dominated around 40% share of the construction cybersecurity market in 2023 and is expected to expand significantly through 2032. The growing adoption of rate of advanced technologies including IoT, BIM and cloud-based project management tools in the construction industry in North America especially, the U.S. to enhance efficiency and project management has led to introduction of new cyber risks in the region. The widespread adoption of these technologies drives the demand for strong cybersecurity solutions to protect construction firms in the region from cyberattacks. This has increased the need for strong Asia Pacific region is experiencing rapid urbanization and major infrastructure development, leading to a boom in construction activities. Large projects such as smart cities and high-tech commercial hubs, there is an increasing reliance on digital technologies. These projects involve complex systems that need strong cybersecurity measures to protect against cyber threats. The scale and complexity of these projects increases the demand for cybersecurity solutions to ensure the safety of critical infrastructure and sensitive data.

Author: Preeti Wadhwani, Aishwarya Ambekar
Frequently Asked Question(FAQ) :

How big is the construction cybersecurity market?+

The market size of construction cybersecurity was worth over USD 6.9 billion in 2023 and is expected to register over 18% CAGR from 2024 to 2032, due to the increased digitalization in the construction industry worldwide.

Why is the demand for construction cybersecurity in large enterprises growing?+

Construction cybersecurity industry from the large enterprises segment held over 65% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to handling high-value assets, including intellectual property, proprietary designs, and sensitive client information.

What is the size of the North America construction cybersecurity market?+

North America construction cybersecurity industry held 40% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to growing adoption of rate of advanced technologies including IoT, BIM and cloud-based project management tools in the region.

Who are the key leaders in the construction cybersecurity industry?+

Check Point Software Technologies, Cisco Systems, CrowdStrike, Dragos Inc., Fortinet Inc., IBM Corporation, Optiv Security, Palo Alto Networks, Trend Micro, and Trimble Inc., are some of the major construction cybersecurity companies worldwide.

Construction Cybersecurity Market Scope

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