openPR Logo
Press release

Industrial Control Systems Security Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

08-16-2023 11:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Industrial Control Systems Security Market is Anticipated

Industrial control systems (ICS) security market is expected to grow at a significant CAGR during the forecast period. Many improvements in efficiency and productivity are projected as a result of the transition to Industry 4.0, as well as numerous changes in the way industrial processes operate. Factors such as increased efficiency and lower production costs when compared to traditional manufacturing processes have boosted automation adoption, resulting in increased demand for industrial control systems. However, the adoption of ICS solutions comes along with the requirement for security, as cyber-attacks and network security concerns are on the rise.

To deliver power, water, transportation, manufacturing, and other key services, ICS security systems have been implemented to monitor complex industrial processes and critical infrastructures. As the majority of these systems are linked to the internet, they are susceptible to the same vulnerabilities as any other networked system. Any significant downtime or intrusion of an ICS network can result in large outages, tens of thousands of users, and perhaps a national tragedy. Furthermore, upgrades to these systems are sluggish due to the existing lack of OTA update capabilities, leaving these systems more exposed to outsider threats.

Internal access to the bulk of these systems requires little or no authentication or encryption. As a result, insiders typically have unrestricted access to any network device, including SCADA applications and other key components. As a result, these systems are extremely vulnerable to insider attacks. Malware or a USB device can compromise systems that have been upgraded and connected to a digital interface. Additionally, human errors such as wrong settings, PLC programming problems, or the inability to monitor vital metrics or warnings might jeopardise network security. The majority of network sites are exposed to the public internet and lack basic protection (such as updated anti-virus), allowing attackers to quietly conduct reconnaissance before sabotaging physical processes like assembly lines, mixing tanks, and blast furnaces. This, in turn, is accelerating the demand for the ICS security market to monitor and control industrial processes.

To Request a Sample of our Report on Industrial Control Systems Security Market:  https://www.omrglobal.com/request-sample/industrial-control-systems-security-marketMarket Coverage

The market number available for - 2021-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered
Regions Covered- Globally

Competitive Landscape: ABB Ltd., Cisco Systems, Inc., Honeywell International Inc., among others.

Industrial Control Systems Security Market Report Segmentation

By Component

Solution
Services

By End-User Industry 

Chemical and Petrochemical
Power and Utilities
Pharmaceuticals
Food and Beverage
Healthcare
Oil and Gas
Others

A full Report of Industrial Control Systems Security Market is Available @  https://www.omrglobal.com/industry-reports/industrial-control-systems-security-market

Industrial Control Systems Security Market by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/industrial-control-systems-security-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Industrial Control Systems Security Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029) here

News-ID: 3166507 • Views:

More Releases from Orion Market Research

Road Marking Paint Market : A Guide to Understanding the Process
Road Marking Paint Market : A Guide to Understanding the Process
The Road Marking Paint Market, valued at approximately USD 5.02 billion in 2023, is projected to reach around USD 7.69 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.36% from 2024 to 2033. Road Marking Paint Market Overview The Road Marking Paint Market is steadily expanding, driven by burgeoning infrastructure investments and the need for improved road safety. Governments and municipalities are increasingly allocating funds toward both new
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Gr …
The Outboard Boats Market, valued at approximately USD 5.74 billion in 2023, is projected to grow to around USD 14 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 9% over the 2024-2033 period. Outboard Boat Market Overview The Outboard Boat Market continues to expand robustly, fueled largely by rising demand for recreational boating, favorable economic conditions, and the appeal of leisure marine activities. Innovations in outboard motor technology-including
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and …
The Mobile Ticketing Market, valued at about USD 2.9 billion in 2023, is anticipated to grow to approximately USD 11.39 billion by 2033, reflecting a robust CAGR of 16.7% from 2024 to 2033. Mobile Ticketing Market Overview The Mobile Ticketing Market is undergoing rapid expansion, driven primarily by the global surge in smartphone usage and consumer preference for contactless, digital experiences. This growth is further propelled by widespread adoption of digital payments,
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Grow …
The Metal Alloy Market, valued at approximately USD 301.7 billion in 2023, is projected to reach USD 533.9 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033. Metal Alloy Market Overview The Metal Alloy Market is experiencing steady, long-term expansion, driven by growing demand from key sectors such as automotive, aerospace, construction, and electronics. Applications in next-generation vehicles and aircraft are pushing interest in

All 5 Releases


More Releases for Industrial

Industrial Display Market: Technology Advancements Driving Industrial Visualizat …
In recent years, the global Industrial Display Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Industrial Display Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business. Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with
Industrial Display Market: Technology Advancements Driving Industrial Visualizat …
In recent years, the global Industrial Display Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Industrial Display Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business. Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with
Industrial Auction Services Market Auctioning Industrial Assets By 2030 | Heath …
The Report on "Industrial Auction Services Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making. The industrial auction services market is a diverse and dynamic sector that encompasses a wide range of industries, including manufacturing, construction, automotive, and more. These services are utilized by companies looking to optimize their asset management, streamline operations,
RDM Industrial Products - Laboratory and Industrial Furniture Supplier
RDM Industrial Products Inc. is one of the most reputed and leading laboratory and industrial furniture solutions supplier and manufacturer. The company was established in 1977 and has been serving their growing clientele proudly for over 40 years. Their quality products cater to industries including healthcare, electronics, biotechnology, laboratory, industrial and more. The company is based out of California and their shipments are done all across the globe. QUALITY-SERVICE-TIMING are
Industrial Fasteners Market # industrial fasteners and supply # industrial faste …
An insightful study, titled “Global Industrial Fasteners Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report. Get
Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Indu …
Researchmoz added Most up-to-date research on "Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Industrial PC, Box Industrial PC And Embedded Industrial PC" to its huge collection of research reports. Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is