Industrial Control Systems Security Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2027
The Industrial
Control Systems Security market is expected to grow from USD 12.7 billion
in 2018 to USD 19.3 billion by 2026, at a CAGR of 6.5% during the forecast
period. Increasing adaption of forth industrial revolution, which includes,
cyber-physical systems, the Internet of things, cloud computing and cognitive
computing, integration of information technology and operational technology,
increasing concerns regarding cyber threats, such as Dugu, Ransomware and
Flame, growth of deployment of industrial control systems, increasing demand
for cloud based SCADA/HMI/DCS solutions, adoption of smart grid technology, a
2-way digital communication used to supply electricity to the consumers,
increasing demand for big data analytics security and collaborations between
ICS security and cyber insurance vendors are some of the driving factors of the
market.
Frequent security updates absorbing more power, ICS being
prone to security breaches and lack of awareness may be the major restraining
factors for the ICS security market.
Players will require increased investments to tackle these
restraints and facilitate growth in the coming years. This report comprises
drivers, restraints, opportunities, and challenges pertaining to the Industrial
Control Systems Security market; and extensive value chain analysis, patent analysis,
analysis of the current manufacturing capability and technology status,
commercialization potential in different devices, along with market size
forecasts till 2026.
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Key participants
include
Sophos (US), Check Point Software (Israel), ABB
(Switzerland), Cisco (US), McAfee (US), Honeywell (US), FireEye (US), Fortinet
(US), Kaspersky Lab (Russia), BHGE (US), Belden (US), BAE Systems (UK), Airbus
(France), Bayshore Networks (US), CyberArk (US), Dragos (US), Cyberbit
(Israel), Indegy (US), Palo Alto Networks (US), Nozomi Networks (US), Rockwell
Automation (US), Positive Technologies (US), SecurityMatters (Netherlands),
Schneider Electric (France), Symantec (US), and Waterfall Security Solutions
(Israel).
Further key
findings from the report suggest
The Industrial Control Systems Security market is expected
to grow from USD 12.7 billion in 2018 to USD 19.3 billion by 2026, at a CAGR of
6.5% during the forecast period.
The major contributing factors for the growth of the market
for Industrial Control Systems Security can be increasing adaption of forth
industrial revolution, which includes, cyber-physical systems, the Internet of
things, cloud computing and cognitive computing, integration of information
technology and operational technology, increasing concerns regarding cyber
threats, such as Dugu, Ransomware and Flame, growth of deployment of industrial
control systems, increasing demand for cloud based SCADA/HMI/DCS solutions,
adoption of smart grid technology, a 2-way digital communication used to supply
electricity to the consumers, increasing demand for big data analytics security
and collaborations between ICS security and cyber insurance vendors
The Industrial Control Systems Security market is segmented
by security type into network security, endpoint security, application security
and database security. The network security type is expected to witness highest
growth, at a CAGR of 6.6% during the forecast period, due to excessive use of
cloud, mobiles, tablets globally, which makes the network systems more prone to
cyber-attacks and network hacking.
The Industrial Control Systems Security Market is segmented
by component into solutions and services. The solutions segment is expected to
grow with the highest CAGR of 6.8% during the forecast period, due to growth of
the encryption solutions sub-segment. Encryption solutions deals with data
protection in industries, which is prone to more data thefts and DDoS attacks.
Further, the growth of services segment will be driven by the incident response
services, since it majorly deals with terrorist and cyber-attacks.
The Industrial Control Systems Security Market is segmented
by industry vertical into power, energy & utilities, transportation
systems, manufacturing, commercial buildings, communication systems, healthcare
and others (remote surveillance, weather forecasting systems, emergency
response systems, and postal systems). The increased cyber threat issues is
driving the growth of manufacturing segment which is expected to witness the
highest growth at a CAGR of 7.1% during the forecast period and includes
manufacturing of chemicals and materials, automotive, mining units, paper and
pulp, food and beverages, pharmaceutical, and semiconductor.
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For this report, Reports and Data have segmented into the
global Industrial Control Systems Security market on the basis of resin type,
composite phases, industry vertical, and region:
Security type Outlook (Revenue, USD Million; 2018–2026)
Network Security
Endpoint Security
Application Security
Database Security
Component Outlook (Revenue, USD Million; 2018–2026)
Solution
Services
Industry vertical Outlook (Revenue, USD; 2018-2026)
Power
Energy and Utilities
Transportation
Systems
Manufacturing
Commercial Buildings
Communication
Systems
Healthcare
Others (Remote
Surveillance, Weather Forecasting Systems, Emergency Response Systems, and
Postal Systems)
Regional Outlook (Volume, Kilo Tons; 2018-2028 and
Revenue, USD Million; 2018-2028)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
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