01-11-2019 07:41 PM CET - Industry, Real Estate & Construction
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8.72% CAGR by 2023 in Industrial Control Systems Market| Major Players - IBM CORPORATION, SIEMENS AG, ABB GROUP, HONEYWELL INTERNATIONAL INC., TOFINO SECURITY, KASA COMPANIES INC., OMRON CORPORATION, EMERSON ELECTRIC, YOKOGAWA ELECTRIC CORPORATION, amongs

Press release from: Market Prognosis


Market Analysis:

North America is one of the largest markets

The market in the North American region is huge, mainly due to large-scale domestic manufacturing, government initiative toward automated technology, technological innovation in information technology and increase in automotive manufacture hubs, is expected to drive the ICS industry in North America.

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The industrial control systems market protects industries, such as electric, water, transportation, oil & gas, chemical, food & beverage, and automotive, from threats, like Stuxnet, Duqu, and Flame. Various governments and companies around the world are using these systems to protect their infrastructure from various threats from attackers, foreign intelligence, terrorists, and spammers from acquiring control or altering the infrastructure in any way. Automotive sector is expected to dominate the global industrial control systems market.

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Market Segments:
Industrial Control Systems Market is segmented by:
1. Type of Control System: Supervisory Control and Data Acquisition Systems (SCADA), Distributed Control Systems (DCS), Programmable Logic Controller (PLC), Others
2. End Users: Electrical Systems, Water & Wastewater Treatment, Oil & Gas, Transportation Systems, Chemical Industry, Pharmaceutical Industry, Automobiles Industry, Food & Beverage, Durable Goods, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• December 2017 - Leidos partnered with Security Matters for passive monitoring of cyber threats to the industrial control systems networks.
• March 2017 - Bechtel established cyber security lab for industrial control systems. This was in response to the increasing cyber threats to industrial controls and supervisory control and data acquisition systems.
• September 2017 - Siemens and PAS partnered to provide industrial control system cyber security used in oil & gas, utilities, and other sectors.

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