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Industrial Control Systems Market with Top Leading Key Players 2024: IBM, ABB Group, Cisco Systems, Fortinet, Juniper Networks, EMC, Kaspersky Lab, Microsoft, CSC, Hewlett-Packard, Lockheed Martin, Symantec.
Global Market Insights
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(ICS) Industrial Control Systems Market size is anticipated to witness growth over the forecast timeline, owing to the increasing number of security breaches and growing implementation of cloud computing services in various industrial sectors. Need for continuous network and traffic behavior monitoring in the industrial sectors for identifying anomalies in networks pertaining to cyber-attacks is offering significant growth opportunities for the ICS market.
Due to the unavailability of authentication procedures in many industries, protecting the ICS networks from both internal and external threats is a major issue. During operational malfunctioning, it is challenging to analyze whether it is being caused by human-error, security-breach or machine failures. Factors such as lack of skilled professionals, and awareness regarding industrial security solutions may hinder the industry growth. In addition, high implementation expenses for ICS in industries is expected to limit the growth of the ICS market.
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Based on solutions, the ICS market is classified into data loss prevention, database activity monitoring, SCADA encryption, Firewall, Antivirus, unified threat management (UTM), virtualization security and distributed denial of services (DDoS). The data loss prevention software helps in identifying potential security breaches and provides advanced threat protection techniques with increased visibility and control while data base activity monitoring is used for remotely monitoring and analyzing database activities and is an essential tool for preventing attacks against sensitive and confidential data bases. UTM solutions can perform multiple security functions such as web filtering, application control, data loss prevention, antivirus, VPN and reduces the complexity in networks, which is expected to assist the ICS market growth over the forecast timeline.
The U.S. ICS market is expected to dominate the industry owing to the presence of several security providers such as Cisco, IBM, and CSC. MEA region is providing significant growth opportunities for the industry due to the huge investments by government administrations in the development of several security solutions such as DDoS, SCADA encryption, anti-virus, firewall.
ICS market players are IBM Corporation, ABB Group, Cisco Systems, Fortinet Inc., Juniper Networks Inc., EMC Corp., Kaspersky Lab, Microsoft Corp., CSC Corp., Hewlett-Packard Corp., Brocade Communications Systems, Lockheed Martin, and Symantec Corp.
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