Industrial Control Systems (ICS) Security Market 2020 Latest Advancements, Growing Demands and Business Opportunities by 2025

Industrial Control Systems (ICS) Security Market - Growth, Trends, and Forecast (2020 - 2025)

The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Industrial Control Systems (ICS) Security Market on the basis of stating current situation of the industry in 2020.

Market Overview

The Industrial Control Systems (ICS) Security market is expected to witness a CAGR of over 6% during the forecast period.

The transition to Industry 4.0 is expected to bring many advances in efficiency and productivity as well as many changes in the way the industrial processes work. Factors such as improved efficiency and reduction in production costs, compared to the conventional manufacturing process, are boosting the adoption of automation, which is driving the demand for industrial control systems. However, adoption of ICS solutions brings along the need for security, as there is an exponential rise in cyber-attacks and network security threats.

- Malicious activity targeting industrial control systems affected around 47.2% in 2018, up from 44% in 2017, as per the security firm Kaspersky Lab. According to the company, harmful cyber activities on ICS computers are dangerous as they can cause material losses and production downtime.

- ICS in energy, chemical, and other environments are experiencing an increasing number of cyberattacks. Many control systems still run on old operating systems making them vulnerable to interference, and cyber attackers can take advantage of this. Such factors are expected to drive the need for ICS security market over the forecast period.

- According to the Kaspersky Lab's Threat Landscape for Industrial Automation Systems report H2 2018, Trojan malware is among the most prevalent among threats relevant to ICS computers. A malware of this kind was detected in 27.1% of ICS computers. In H2 2018, countries with the highest proportions of ICS computers on which malicious objects were detected were Vietnam (70.1%), Algeria (69.9%), and Tunisia (64.6%).

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Competitive Landscape

The Industrial Control Systems (ICS) Security market is highly competitive and consists of several major players. Many companies are increasing their market presence by introducing new products, by entering into partnerships or by acquiring companies.

- April 2019 - Waterfall Security Solutions announced a partnership with Dragos to protect critical industrial control systems from advanced cyber threats. This solution integrates the Dragos Industrial Cybersecurity Platform with Waterfall Unidirectional Security Gateways to enable ICS operators to monitor process operations and networks while adding a layer of physical protection to avoid cyber attacks to industrial control networks.

- June 2018 - Honeywell announced a software solution to offer cybersecurity to industrial customers who manage various process control networks, sites and vendors. This multi-site solution for cybersecurity management is based on its ICS Shield, which provides a top-down operational technology security management solution for securing connected ICS environments with various physical sites and automation equipment types.

Scope of the Report

Industrial control systems (ICT) security includes securing and safekeeping industrial control systems and the software and hardware that are used by the system. It focuses on keeping processes and machineries running smoothly.

Key Market Trends:

Automotive is Expected to Hold a Significant Share

- Field devices such as robotics, sensors, etc., and ICS offer opportunities to the auto sector to react faster to market requirements, reduce manufacturing downtimes, and enhance efficiency, and expand productivity.

- Automakers in recent years have automated their plants, such as KUKA AG, to reduce the number of issues on the work floor, improving efficiency and reducing the operational costs. Many companies have been identified to follow suit, by automating their plant in order to gain better returns and efficiency, driving the factory automation and industrial control systems in this sector.

- As auto manufacturing is increasingly digitized, it increases the risk of cyber-attacks on critical and ICS infrastructures. Unauthorized changes to industrial process due to cyber-attack can impact manufacturing productivity and cause substantial losses. Such factors are expected to impact the ICS security market in this sector.

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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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