Press release
Industrial Control Systems (ICS) Security Market Aims Bigger with Technological Innovations 2017 - 2025
Factors such as Increasing of growing threats and attacks and increase in industrial automation and virtualization are thereby driving the market for industrial control systems security. In addition to this, initiative taken by the government in various regions to adoption of smart grids technology as a step towards efficient use of energy is expected to further accelerated demand for industrial control systems security during the forecast period. On the other hand, lack of awareness of industrial control systems, as well as complexity in installation and upgradation of security system may act as a restraint for the industrial control systems security market.
Industrial Control Systems (ICS) Security Market: Segmentation
Industrial control systems (ICS) security market can be segmented on the basis of solutions, services, verticals, and regions. On the basis of technology the market can be segmented into distributed denial of service, intrusion detection system/intrusion prevention system, antivirus/malware, firewall, virtualization security, security information and event management, SCADA encryption, unified threat management, update and patch management, data loss prevention, database activity monitoring, and others. The industrial control systems (ICS) security market by services can be segments as audit & report, managed services, risk management services, integration, consulting, and others. Whereas the vertical segment in the industrial control systems (ICS) security market may include oil & gas, chemicals, refining & petrochemicals, energy & power, minerals, mining & metals, and pulp & paper and others. Regionally, industrial control systems (ICS) security market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
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Industrial Control Systems (ICS) Security Market: Regional Outlook
Industrial control systems (ICS) security market is dominated by the North America, and Western Europe region. North America has a wide presence of key industrial control systems (ICS) security providers, as well as U.S. is considered as the high adopter of connected technology. Asia Pacific Excl. Japan as well as Japan region is expected to witness a significant growth in the industrial control systems (ICS) security market. High growth of APEJ is attributed to the growing trend of business automation and the increasing number of cyber-attacks, is leading to high investment on industrial control systems (ICS) security solutions by organizations based in the region. Eastern Europe and Latin America is expected to see a significant growth rate in the industrial control systems (ICS) security market.
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Industrial Control Systems (ICS) Security Market: Competition Landscape
Among the key players involved in industrial control systems (ICS) security market, companies such as Honeywell International, Inc., Siemens AG and ABB Group, among others are focusing on organic as well as inorganic strategies to strengthen their position in the industrial control systems (ICS) security market. For instance, in June 2016, Honeywell Process Solutions (HPS) and Intel Security entered into a partnership to integrate Intel Security’s McAfee technologies with Honeywell’s Industrial Cyber Security Solutions, in order to provide customers with enhanced security software enabling them to protect their control systems from malware and misuse.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies..
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