Home > Construction > construction cybersecurity market
Get a free sample of Construction Cybersecurity Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Construction Cybersecurity Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
The growing integration of IoT devices and connected technologies on job sites to enhance efficiency and productivity is a major trend witnessed in the market. Construction companies are using smart sensors, connected heavy machinery and drones for monitoring and automation. The adoption of these technologies enhances operations, however, makes cybersecurity a major concern. This has increased the demand for cybersecurity solutions that can protect these connected devices from cyber threats, resulting to the development of specialized IoT security measures for construction environments.
Building Information Modeling (BIM) is a crucial technology in modern construction, providing a digital representation of a project's physical and functional features. Governments are pushing for more BIM adoption through various initiatives and regulations. For instance, in June 2024, the UK Government has come up with directives for all public sector projects that are valued at over USD 6.5 million to use BIM Level 2 compulsorily by 2025. However, BIM involves sharing a lot of sensitive data among various stakeholders, making it a target for cyberattacks. The need to protect BIM data is driving demand for specialized cybersecurity solutions to ensure the integrity and confidentiality of project information throughout the construction lifecycle.
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.
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.
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.
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.