Market Scope
Market Research Future (MRFR) reveals that the global industrial control system security market is set to expand at a CAGR of 6.81% over the evaluation period (2018 to 2023) and attain a substantial valuation by 2023.
Market Insights
There are several factors that are likely to influence the global market. The growing incidences of security breach is observed to be the dominating factor that is likely to propel the growth of the global Industrial Control Systems Security Market. Rapid industrialization is surging the need for industrial control system security solutions. The increasing adoption of the same is likely to leave a positive impact on the market. Additionally, the growing awareness about industrial control system security solutions is expected to boost the growth of the global market. Technical advancements are expected to contribute significantly to the health of the industrial control system security market, in the foreseeable future. Industry
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Key Players
The prominent players in the Industrial Control Systems Security Market are – Cisco Systems Inc. (U.S.), Honeywell International Inc. (U.S.), Juniper Networks Inc. (U.S.), (U.S.), Siemens AG (Germany), Rockwell Automation Inc. (U.S.), Tofino Security Inc. (Canada), Trend Micro Inc. (Japan), Check Point Software Technologies Ltd. (U.S.), ABB Ltd. (U.K.), among others.
Market Segmentation
The Market Research Future report offers a wide segmental analysis of the ICS Security Market based on vertical, control system type, solutions, and service.
- Based on control system type, the industrial control system security market is segmented into SCADA, DCS, PLC, and others. Of these, the SCADA control system will have the largest share in the market over the forecast period. It is expected to touch USD 6 billion.
- Based on vertical, the industrial control system security market is segmented into transportation, energy and power, manufacturing, food and beverage, and others. Of these, the energy and power segment will dominate the market over the forecast period.
- Based on service, the industrial control system security market is segmented into communication services, change in management, risk management, managed support, and other services. Of these, the risk management service will lead the market over the forecast period.
- Based on the solution, the industrial control system security market is segmented into antivirus and data loss prevention, unified threat management (UTM), Firewall, and distributed denial of service (DDOS).
Global Industrial Control System (ICS) Security Market: Regional Outlook
Based on the region, the industrial control system security market report covers growth opportunities and the latest trends across South America, Asia Pacific (APAC), North America, Europe, and the Middle East and Africa (MEA). Of these, North America will have a lion’s share in the market over the forecast period. It is predicted to grow at a 5.59% CAGR. Countries such as Canada as well as the US are early adopters of these security solutions that favors prompt market growth in the region. Moreover, susceptibility to cyber-attacks of high-profile has made industrial control system security a priority.
The industrial control system security market in Europe will have the second largest share in the market over the forecast period due to growing cyber-attacks.
The industrial control system security market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to increasing industrial automation in India, Japan as well as China.
In the Middle East and Africa, the industrial control system security market is predicted to have a healthy growth over the forecast period. This is owing to the wide-scale use of such security solutions in almost every vertical to protect the applications, network infrastructure, and other types of infrastructure against vulnerabilities along with protecting attackers against exploiting security flaws to access critical information through illegal means.
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TABLE OF CONTENT
1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers 27
4.2.1 Increase In Cyber-Attacks And Network Security Threat
4.2.2 Increase In Smart Technologies In ICS
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Market Scenario:As per the latest report published by Market Research Future (MRFR) the global ICS Security Market is projected to exhibit 6.81% CAGR from 2018 to 2023.
This has subsequently fueled the demand for robust ICS security solutions.
In ICS, security has been key area of focus in recent years.
In the foreseeable future, the demand for ICS security solutions is expected to increase significantly owing to the rapid integration advanced technologies industrial infrastructures.
It is expected to touch USD 6 billion.Based on vertical, the industrial control system security market is segmented into transportation, energy and power, manufacturing, food and beverage, and others.
Of these, the energy and power segment will dominate the market over the forecast period.Based on service, the industrial control system security market is segmented into communication services, change in management, risk management, managed support, and other services.
