Industrial Control Systems Security Market Expected To Reach USD 19.3 Billion By 2026 | Top key Players Sophos, Check Point Software, ABB, Cisco

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.

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Companies considered and profiled in this market study

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), among others.

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.

For the purpose of this report, the market has been segmented on the basis of security type, component, industry vertical and regional analysis.

Security type Outlook (Revenue, USD Million; 2018-2026)
1. Network Security
2. Endpoint Security
3. Application Security
4. Database Security

Component Outlook (Revenue, USD Million; 2018-2026)

Solution
1. Antimalware/antivirus
2. Distributed Denial of Service (DDoS) Mitigation
3. Encryption
4. Firewall
5. Identity and Access Management (IAM)
6. Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
Services
1. Consulting and Integration Services
2. Support and Maintenance Services
3. Training and Development Services
4. Incident Response Services
5. Managed Security Services

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Industry vertical Outlook (Revenue, USD; 2018-2026)
1. Power
2. Energy and Utilities
3. Transportation Systems
4. Manufacturing
5. Commercial Buildings
6. Communication Systems
7. Healthcare
8. Others (Remote Surveillance, Weather Forecasting Systems, Emergency Response Systems, and Postal Systems)

Regional Outlook (Revenue, USD Million; 2018-2026)
1. North America
2. Europe
3. Asia Pacific
4. RoW

Further key findings from the report suggest

1. 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.

2. 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

3. 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.

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