Industrial Control Systems Security Market to grow at 20% CAGR to 2024 | By Key Vendors: ABB, BAE Systems, Bayshore Networks, Inc., Belden, Inc., Cisco, Cyberbit, Dragos, Inc., Fortinet, Inc., General Electric Company, Honeywell, IBM Corporation
Request for a sample of this research report @
ICS Security Market size is set to exceed USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc. The ICS security market growth is attributed to the increasing incidents of cyber-attacks on critical infrastructure industries. Constantly evolving cyber threats, such as ransomware and viruses, can adversely affect production processes in critical infrastructure environments resulting in large-scale financial losses for the companies. The security concerns have increased considerably after the Industry 4.0 revolution as the tendency to connect ICS equipment to the internet has grown significantly in the industries. Also, government and industry initiatives to establish standards and regulations to ensure enhanced ICS security are expected to facilitate a robust growth of the ICS security market over the forecast timeline.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• ABB Ltd.
• BAE Systems
• Bayshore Networks, Inc.
• Belden, Inc.
• Cisco Systems, Inc.
• Dragos, Inc.
• Fortinet, Inc.
• General Electric Company
• Honeywell International, Inc.
• IBM Corporation
• Kaspersky Labs
• Nozomi Networks, Inc.
• Rolloos Industries B.V.
• FireEye Inc.
• McAfee, LLC
• OT Claroty Ltd.
• Raytheon Company
• Rockwell Automation, Inc.
• Schneider Electric
• Symantec Corporation
• Trend Micro Inc.
The endpoint security segment held a majority share of around 40% in the ICS security market in 2017 due to large-scale deployment of endpoint security solutions in critical industrial environments for securing different endpoint devices in the industrial networks that remain vulnerable to cyber threats. The network security market is projected to exhibit a robust growth with a CAGR of around 26% between 2018 and 2024 due to the increasing incidents of network breaches in critical industrial sectors leading to large-scale production losses for the enterprises as well as increased concerns for national security.
The firewall segment dominated the market in 2017 and is expected to secure a significant share of the overall ICS security market by 2024 due to an extensive adoption of ruggedized firewalls for maintaining and managing network traffic in industrial infrastructure operating in harsh environmental conditions. Firewalls play a critical role in containing internal cyber incidents and blocking external threats that could heavily impact productivity, safety, and reliability. They manage the flow of communication and examine the data packets to ensure blocking of harmful network traffic. Hence, the adoption of firewalls for ICS security is likely to increase consistently over the forecast timeline.
The energy sector held a major share of nearly 40% in the ICS security market in 2017 and is expected to maintain this market dominance throughout the forecast period. The increasing incidents of cyber-attacks on the energy industry including gas pipeline infrastructure, oil & gas platforms, and power utility infrastructure are majorly contributing to the growing emphasis on securing critical energy production and distribution networks. Government agencies are taking appropriate measures to secure critical national energy infrastructure from terrorist attacks that could lead to a major economic loss.
Make an inquiry for purchasing this report @
Companies operating in the ICS security market focus on product innovation and strategic collaborations for securing a competitive advantage. By monitoring and analyzing the number of vulnerable ICS components on a yearly basis, these companies develop appropriate solutions as well as updates to their existing solutions for ensuring effective security against the constantly evolving cyber threats. In February 2018, GE Digital entered into a partnership with NRI Secure Technologies, a cybersecurity firm in the U.S., wherein, NRI Secure was recognized as an accredited certification authority for GE Digital’s Achilles Communications Certification (ACC) program.
Through the partnership, GE expanded its global OT network robustness certification program. In February 2017, Rockwell Automation teamed up with industrial security company Claroty to develop its anomaly detection software that is purpose-built for industrial network security. It creates an inventory of network assets and monitors traffic between them to detect and report anomalies. Through such strategic collaborations and partnerships, the companies operating in the ICS security market ensure the delivery of comprehensive security solutions and services to their customers.
Browse Full Report: https://www.gminsights.com/industry-analysis/industrial-control-systems-ics-security-market
Some of the key players operating in the ICS security market are ABB, BAE Systems, Bayshore Networks, Belden, Cisco, Cyberbit, Dragos, Fortinet, General Electric, Honeywell, IBM, Kaspersky, Nozomi Networks, Rolloos, FireEye, McAfee, Claroty, Raytheon, Schneider Electric, SecurityMatters, Symantec, and Trend Micro.
Browse Related Report:
Membrane Bioreactor (MBR) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Russia, UK, Germany, France, Italy, China, India, Japan, Indonesia, South Korea, South Africa, Brazil) Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Control Systems Security Market to grow at 20% CAGR to 2024 | By Key Vendors: ABB, BAE Systems, Bayshore Networks, Inc., Belden, Inc., Cisco, Cyberbit, Dragos, Inc., Fortinet, Inc., General Electric Company, Honeywell, IBM Corporation here
News-ID: 1426475 • Views: 2077
More Releases from Global Market Insights, Inc
How global Crane Market Growing Rapidly...? Top players - Liebherr Group, Terex …
The Crane Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, size and trends worldwide. Crane Market is expected to exceed USD 28 billion by 2025. The increasing construction spending and the emergence of new public & private infrastructures across the globe
Global Hydraulic Hoist Market 2019 by regional trend & growth forecast to 2025 | …
Global Market Insights has recently added Hydraulic Hoist Market report which mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry. The Asia Pacific regional Hydraulic Hoist Market is predicted to have the lion's share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America
Pharmacovigilance Outsourcing Market Growth Analysis by Product, Application, In …
U.S. pharmacovigilance outsourcing market dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug reactions
United Rentals | Construction Equipment Rental Market 2024 | Top Manufacturers U …
Construction Equipment Rental Market in Asia Pacific is expected to reach over USD 40 billion by 2024. The emerging trend of the organizations toward renting of heavy construction equipment will have a positive impact toward the industry demand. Rising wage rates in China coupled with the changing consumption patterns are generating a huge demand for the rental machinery. Construction Equipment Rental Market to cross $140 billion by 2024.
More Releases for ICS
Global Power Management ICs Market Insights, Forecast
This report presents the worldwide Power Management ICs market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=60503 Table of Contents: Table of Contents 1 Study
Global Digital Ics Market Data Survey Report
The global Digital Ics market will reach Volume Million USD in 2018 with CAGR xx% 2018-2025. The main contents of the report including: Global market size and forecast Regional market size, production data and export & import Key manufacturers (manufacturing sites, capacity and production, product specifications etc.) Major Application Major Type Key manufacturers are included based on manufacturing sites, capacity and production, product specifications etc.: Intel Qualcomm AMD Freescale MediaTek
Global LED Driver ICs Market Research Report
This report studies the global LED Driver ICs market status and forecast, categorizes the global LED Driver ICs market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=73536 Table of Contents: Table of Contents Global LED Driver ICs Market Research Report 2018 1 LED Driver ICs Market Overview
3D ICs Market: Lucrative Opportunites across Globe
3D ICs chips are expected to define the future of electronics as they consume 30-40% less power compared to 2D ICs chips. The report points out that the demand for 3D ICs chips would be boosted by the growing demand for efficient solutions and an increase in the number of portable devices. However, high costs, coupled with thermal and testing issues is expected to restrain the growth of the global
Wireless Charging ICs Market - Receiver ICs to Continue Enjoying Strong Demand
The presence of a large pool of participants, such as NXP Semiconductors, Qualcomm Inc., and Vishay Intertechnology Inc., points towards a highly fragmented and competitive structure of the global wireless charging ICs market, states a reserch report by Transparency Market Research (TMR). Researchers predict the rivalry between the players to intensify in the near future. For more information on this report, fill the form @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17789 According to the research report,
Wireless Charging Ics Market Receiver ICs to Continue Enjoying Strong Demand
The presence of a large pool of participants, such as NXP Semiconductors, Qualcomm Inc., and Vishay Intertechnology Inc., points towards a highly fragmented and competitive structure of the global wireless charging ICs market, states a reserch report by Transparency Market Research (TMR). Researchers predict the rivalry between the players to intensify in the near future. According to the research report, the global market for wireless charging ICs was worth US$1.43 bn