Emerging Trends to Drive Industrial Control Systems (ICS) Security Market Growth at 9.8% CAGR Through 2029

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Industrial Control Systems (ICS) Security Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size of industrial control systems (ics) security has significantly expanded. The market's growth is projected to increase from $17.39 billion in 2024 to $18.35 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.5%. Factors contributing to the growth during the historic period include the surge in interconnectivity, escalation of cyber attacks, enforcement of regulatory mandates, heightened awareness of industrial cyber risks, and technological progression in attacks.

How Will the Industrial Control Systems (ICS) Security Market Size Evolve and Grow by 2029?
The market size of industrial control systems (ICS) security is projected to witness a surge in the coming years, expanding to $26.68 billion by 2029 with a compound annual growth rate (CAGR) of 9.8%. The robust growth anticipated in the forecast period could be attributed to factors such as the escalation in connectivity and the IIOT expansion, the increased complexity in cyber threats, progression in regulatory compliance as well as the integration of AI and machine learning and an emphasis on supply chain resilience. Major trends in the forecast period encompass an elevation in cyber threats, amalgamation of IT/OT networks, regulatory compliance necessities, incorporation of remote access solutions, and an acute focus on 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 is anticipated to grow significantly due to increasing cyberattacks on critical infrastructure. Critical infrastructure includes vital systems and assets for a functioning society and economy, such as power and water infrastructure, communication networks, transportation systems, and financial and governmental institutions. Given their importance, it is crucial for entities managing these infrastructures to institute strong cybersecurity measures to safeguard their systems and assets from cyber threats, leading to an uptake in industrial control systems (ICS) security. For example, a DDoS threat intelligence report from NetScout Systems, Inc., a cybersecurity provider based in the U.S., noted a global total of 6,019,888 DDoS cyber-attacks in 2022, seeing an increase in TCP (transmission control protocol) attacks, with a 21% increase in TCP SYN/ACK and a 20% increase in TCP RST (Reset) attacks compared to 2021. Moreover, in the first half of 2022, the Asia-Pacific region witnessed about 1.3 million DDoS attacks targeting major organizations. Hence, the ascending number of cyberattacks on critical infrastructures is enhancing the growth of 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 primary trend gaining traction in the industrial control systems (ICS) security market is the emergence of revolutionary solutions. Prominent firms within the ICS security market are unveiling ground-breaking solutions to consolidate their market standing. For example, in September 2022, GuidePoint Security, a cybersecurity solutions company based in the US, rolled out Industrial Control Systems (ICS) security services. The freshly introduced solutions and service offerings are designed to afford a thorough evaluation of an organization's ICS security standing. These services encompass a security program review, a security structure assessment, and ICS penetration tests. As a whole, these checks aim to offer organizations a comprehensive comprehension of their overall ICS security and assist organizations in bridging the security disparity between IT (information technology) and OT (operational technology).

What Are the Key Segments in the Industrial Control Systems (ICS) Security Market?
The industrial control systems (ics) securitymarket 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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