Industrial Control Systems (ICS) Security Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast, 2024

The industrial control systems (ICS) security market is growing by a considerable rate due to huge investments by countries globally towards smart technologies, and increasing cyber risks such as stuxnet and night dragon. Increasing smart grid deployments, cloud computing for critical infrastructure protection, and increase in spending by the industries for industrial control systems are some of the factors creating ample opportunities for the industrial control systems market to grow in the coming years.

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Cyber-attacks such as Dugu and Flame have been increasing globally for last few years, and they have affected severe destructions to essential infrastructures, hampered pipelines, energy efficiencies, and power grids. The infrastructures are becoming more susceptible in producing high risks due to increased usage of data communication systems, complicated IT systems, and control and command systems.

The industrial control systems security market can be categorized on the basis of technology, services, end users, and regions. On the basis of technology, the industrial control systems security market can be categorized as application whitelisting, virtualization security, intrusion detection system, database activity monitoring, distributed denial of service, security information and event management, intrusion prevention system, update and patch management, unified threat management, antivirus or malware, data loss prevention, firewall, and supervisory control and data acquisition (SCADA) encryption. On the basis of services, the industrial control systems security market can be categorized as managed services, risk management services, audit and reporting, design, integration, and consulting.

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The industrial control systems security market can also be categorized on the basis of end users as chemical and manufacturing, energy and utilities, communication systems, transportation systems, commercial buildings, and power sector. Energy and utilities include electric power transmission, wastewater collection and treatment, water treatment and distribution, and oil and gas pipelines. Transportation systems include seaports, airports and railways; chemical and manufacturing include mining units, refining plants and automated production units. Power sector include thermal and hydro power plants, power grid, renewable energy power plants and nuclear power plants. Renewable energy power plants considered are tidal power plant, geothermal power plant, solar power plant, wind power plant, and biomass power plant.

One of the major factors driving the growth of the industrial control systems market are deployment of cloud, smart phones, and tablets in supervisory control and data acquisition (SCADA) and ICS. Regulatory compliance set up by the government of various countries for operation, maintenance, and security of critical infrastructure is also supporting in the growth of the industrial control systems market to some extent. Lack of expertise and ICS understanding, lack of apprehension about network security by operators, and presence of legacy control systems which are more prone to cyber threats are some of the factors restraining the growth of the industrial control systems market.

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Some of the competitors in the industrial control systems market are Cisco Systems, Inc., Siemens AG, Juniper Networks, Inc., Lockheed Martin Corporation, Honeywell International, Inc., International Business Machines Corporation, Trend Micro Incorporated, Airbus Group SE, Tofino Security, and ABB Ltd.

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