Industrial Control Systems (ICS) Security Market Emerging Trends and Global Demand 2020 to 2026 | ABB, Symantec, Rockwell Automation, Dragos, BAE Systems

The report is designed to provide a holistic view of the Industrial Control Systems (ICS) Security Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of Industrial Control Systems (ICS) Security market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Industrial Control Systems (ICS) Security investments from 2021 till 2025.

The industrial control systems (ICS) security market is expected to witness a CAGR of over 12.7% during the forecast period.

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The Industrial Control Systems (ICS) Security market is highly competitive and is moderately fragmented that consists of significant individual players such as Palo Alto, Waterfall Security Solutions, Fireeye, Fortinet, ABB, Symantec, Rockwell Automation, Dragos, BAE Systems, Bayshore Networks, Cisco, Sophos, Cyberbit, Nozomi Networks, Airbus, Honeywell, Mcafee, Schneider Electric, Positive Technologies, Belden, Kaspersky Lab, GE, Check Point Software, Securitymatters, Cyberark, Indegy.

Key Market Trends:
Automotive is Expected to Hold a Significant Share

- Field devices, such as robotics and sensors, among others, and ICS offer opportunities to the auto sector to react faster to market requirements, reduce manufacturing downtimes, and enhance efficiency, and expand productivity.
- The automotive industry is among the prominent sectors that hold a significant share of the automated manufacturing facilities across the world. The production facilities of various automakers are automated to maintain efficiency. The rising trend of replacing conventional vehicles with electric vehicles (EVs) is expected to further augment the demand from the automotive industry. For instance, the projected electric vehicle sales in Europe are expected to reach 6.33 million units by 2025, followed by China with 4.84 million units, according to UBS.
- Moreover, automotive companies are the prominent purchasers of robots globally. According to the statistics by the Robotic Industries Association (RIA), 422,000 units had been shipped globally in 2018, which had witnessed a growth of over 6% from the previous year. Also, the IFR have stated that, these number shipments may grow at 12% from 2020 to 2022.

North America is Expected to Hold the Largest Share

- The manufacturing sector is a crucial aspect of North America's GDP, indicating economic health. In 2018, it contributed USD 2.33 trillion in 2018 and drove 11.6% of US economic output, according to the Bureau of Economic Analysis. The rising cost of labor, along with the pressure on manufacturers to meet deadlines, has resulted in the increased adoption of automation in factories, which in turn, is expected to create a scope for ICS security maket.
- In Canada, cybercrime has been rapidly gaining high traction, as the impact has been increasing at an alarming rate. In response to this, in August 2019, Ottawa’s cybersecurity action plan was launched, which included USD 10 million for special projects. The action plan for improving the resilience of the federal and critical infrastructure may include USD 10.3 million, over five years, for special projects created by provincial, territorial, and municipal governments, researchers, commercial companies, and not for profits.
- Additionally, the House Appropriations Committee Homeland Security Subcommittee, in 2019, increased funding to Industrial Control Systems by USD 11.4 million to enhance cybersecurity training, malware analysis, safety systems vulnerability analysis, and assessments of ICS in the emerging sectors and subsectors.

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Regions are covered By Industrial Control Systems (ICS) Security Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).

The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.

Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Industrial Control Systems (ICS) Security Market
-Changing the Industrial Control Systems (ICS) Security market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Industrial Control Systems (ICS) Security market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Industrial Control Systems (ICS) Security Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

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