Press release
Future of the Industrial Control Systems (ICS) Security Market: Trends, Innovations, and Key Forecasts Through 2034
Industrial Control Systems (ICS) Security Market Size
Industrial Control Systems (ICS) Security Market Size Growth Forecast: What to Expect by 2025?
The size of the industrial control systems (ICS) security market has seen robust growth in recent years, with a projection to expand from $17.39 billion in 2024 to $18.56 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. The notable growth in the previous years can be linked to factors such as enhanced interconnectivity, a surge in cyber attacks, regulatory requirements, heightened understanding of industrial cyber threats, and the evolution of sophisticated attack technologies.
How Will the Industrial Control Systems (ICS) Security Market Size Evolve and Grow by 2029?
Significant expansion is anticipated in the industrial control systems (ICS) security market in the coming years, with predictions suggesting a growth to $27.79 billion in 2029 at a 10.6% compound annual growth rate (CAGR). Factors contributing to this projected growth include enhanced connectivity and expansion of IIOT, an escalation in sophisticated cyber threats, advances in regulatory compliance, the incorporation of AI and machine learning, and an emphasis on the integrity of the supply chain. The forecast period will also see significant trends such as an increase in cyber threats, the merging of IT/OT networks, compliance with regulatory requirements, the implementation of remote access solutions, and heightened attention towards supply chain security.
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What Drivers Are Propelling the Growth of Industrial Control Systems (ICS) Security Market Forward?
The industrial control systems (ICS) security market's growth is anticipated to be driven by an increasing number of cyberattacks on essential infrastructure. Critical infrastructure denotes to systems and assets crucial for the smooth operation of our society and economy - this includes systems related to power and water supply, communication networks, transportation, financial and governmental establishments. Given the significance of this infrastructure, organizations running such key infrastructure should incorporate robust cybersecurity solutions to safeguard their systems and assets from cyber threats. This is expected to encourage industries to make use of industrial control systems (ICS) security. For example, a DDoS threat intelligence report by NetScout Systems, Inc., an American cyber security firm, revealed that the total count of DDoS cyber-attacks in 2022 was 6,019,888 worldwide, witnessing a surge in TCP (transmission control protocol) attacks. This includes a 21% rise in TCP SYN/ACK and a 20% rise in TCP RST (Reset) attacks, in comparison to 2021. Additionally, in the first six months of 2022, approximately 1.3 million DDoS attacks were recorded in the Asia-Pacific region, primarily aimed at large organizations. Consequently, the increasing rate of cyberattacks on critical infrastructure is a significant driver for the industrial control systems (ICS) security market.
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Which Emerging Trends Are Transforming the Industrial Control Systems (ICS) Security Market in 2025?
The rising trend in the industrial control systems (ICS) security market is innovative solutions. Major companies active in this market are rolling out inventive measures to solidify their standing. For instance, GuidePoint Security, a cybersecurity solutions firm from the US, launched ICS security services in September 2022. These recently released solutions and services are customised to offer a complete evaluation of an organization's ICS security stance. The included services incorporate a security program review, a security architecture review, and ICS penetration testing. Collectively, these evaluations intend to provide organizations with a comprehensive view of their overall ICS security while assisting in bridging the IT and OT security gap.
What Are the Key Segments in the Industrial Control Systems (ICS) Security Market?
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
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Who Are the Key Players Shaping the Industrial Control Systems (ICS) Security Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Industrial Control Systems (ICS) Security Market?
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
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