Industrial Control Systems (ICS) Security Market Set to Reach $27.79 Billion by 2029 with 11% Yearly Growth

Which drivers are expected to have the greatest impact on the over the industrial control systems (ics) security market's growth?
The industrial control systems (ICS) security market is projected to grow due to the increasing number of cyberattacks on pivotal infrastructure. Critical infrastructure comprises systems and assets vital for the functioning of our economy and society, such as financial institutions, government organizations, power and water systems, transportation networks, and communication infrastructures. The significant nature of these infrastructures necessitates strong cybersecurity measures in firms that operate them in order to guard their systems and assets against online threats. This necessity will prompt industries to embrace industrial control systems (ICS) security. For instance, in 2022, NetScout Systems Inc., an American cybersecurity company, released a DDoS threat intelligence report comprising 6,019,888 DDoS cyber-attacks globally, including a rise in TCP (transmission control protocol) attacks. These attacks constituted a 21% increase in TCP SYN/ACK and a 20% increase in TCP RST (Reset) attacks compared to 2021. Additionally, during the first half of 2022, approximately 1.3 million DDoS attacks targeted significant firms in the Asia-Pacific region. Consequently, such increments in cyberattacks on vital infrastructures are propelling the industrial control systems (ICS) security market.

Get Your Industrial Control Systems (ICS) Security Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-control-systems-ics-security-global-market-report

What is the future CAGR of the industrial control systems (ics) security market, and how will it impact industry expansion?
In recent times, the market size for industrial control systems (ICS) security has shown significant growth. It is projected to expand from $17.39 billion in 2024 to $18.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.7%. The previous growth can be linked to factors such as a surge in interconnectivity, an increase in cyber attacks, regulatory requirements, heightened awareness of industrial cyber threats, and advancements in attack technology.

In the upcoming years, the industrial control systems (ICS) security market is anticipated to experience substantial growth, reaching $27.79 billion in 2029 with a compound annual growth rate (CAGR) of 10.6%. Factors contributing to this growth within the prediction period include the widespread use and growth of IIOT, increased complexities in cyber threats, the development of regulatory compliance, incorporation of AI and machine learning, and a focus on fortifying supply chain resilience. In the forecast duration, prominent trends include the surge of cyber threats, the amalgamation of IT/OT networks, the demands of regulatory compliance, the preference for remote access solutions, and the emphasis on supply chain security.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9408&type=smp

What are the most significant trends transforming the industrial control systems (ics) security market today?
The primary trend gaining traction in the industrial control systems (ICS) security market is the advent of pioneering solutions. Key players in this market are launching unique solutions to solidify their market standing. For illustrative purposes, GuidePoint Security, a cybersecurity solutions provider from the United States, unveiled its Industrial Control Systems (ICS) security services in September 2022. The freshly introduced solutions and services are designed to deliver a thorough examination of an organization's ICS security status. This suite of services comprises a security program audit, an ICS security architecture evaluation, and ICS penetration tests. These assessments collectively aspire to impart holistic insights into an organization's ICS security, and assist organizations in bridging the schism between IT (information technology) and OT (operational technology) security.

Which key market segments comprise the industrial control systems (ics) security market and drive its revenue growth?
The industrial control systems (ICS) security market covered in this report is segmented -

1) By Component: Solution, Service
2) By Security Type: Network Security, Endpoint Security, Application Security, Database Security
3) By System Type: SCADA, DCS, PLC, Other Types
4) By Applications: Power And Energy, Critical Manufacturing, Mining, Water Utility, Transportation, Chemical, Other Applications

Subsegments:
1) By Solution: Software, Hardware
2) By Service: Consulting Services: Managed Services, Training And Support Services

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9408

What regions are at the forefront of industrial control systems (ics) security market expansion?
North America was the largest region in the industrial control systems (ICS) security market in 2024. The regions covered in the industrial control systems (ICS) security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the industrial control systems (ics) security market?
Major companies operating in the industrial control systems (ICS) security market include ABB Group, Honeywell International Inc., Cisco Systems Inc., Fortinet Inc., Palo Alto Networks Inc., Lockheed Martin Corporation, BAE Systems, Raytheon Technologies, CyberArk Software Ltd., Check Point Software Technologies Ltd., Darktrace Ltd., Kaspersky Lab ZAO, Nozomi Networks Inc., Cyberbit Ltd., Belden Inc., Airbus SE, FireEye Inc., Claroty Ltd., Sophos Group Plc, Dragos Inc., Tenable Inc., IBM Corporation, Broadcom Inc., Rockwell Automation Inc., Trend Micro Inc., Schneider Electric SE, Radiflow Ltd., Verve Industrial Protection Inc., Forescout Technologies Inc., Bayshore Networks Inc., CyberX Inc., Indegy Inc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9408&type=smp

What Is Covered In The Industrial Control Systems (ICS) Security Global Market Report?

• Market Size Forecast: Examine the industrial control systems (ics) security market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the industrial control systems (ics) security market for a structured understanding.
• Key Players Overview: Analyze major players in the industrial control systems (ics) security market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial control systems (ics) security market.
• Segment Contributions: Evaluate how different segments drive overall growth in the industrial control systems (ics) security market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial control systems (ics) security market.
• Industry Challenges: Identify potential risks and obstacles affecting the industrial control systems (ics) security market.
• Competitive Landscape: Review strategic developments in the industrial control systems (ics) security market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.