Industrial Control System (ICS) Security Market Accretes To USD 16 Bn at 6% CAGR By the End of 2023

Market Research Future published a research report on “Global Industrial Control System (ICS) Security Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Industrial Control System (ICS) Security Market, By Solution (UTM, DDOS, Data Loss Prevention), By Control System Type (SCADA, DCS), By Service (Risk Management, Managed Support), By Vertical (Energy & Power, Manufacturing, Oil & Gas) - Global Forecast 2023

Intended Audience

Consulting firms
Government organizations
IT industry
Security service providers
Security service vendors
Research organizations
Technology end users

Market Synopsis of Industrial Control System (ICS) Security Market:

Market Scenario:

ICS security are used to protect industrial control systems which are operated in various fields such as electrical, oil & gas, chemical, pharmaceutical and manufacturing. This security system monitors and controls the overall industrial environment. The security system includes infrastructure which is networked with the communication technologies. Security systems monitor the events and devices by having in-built IT systems that manage the adjustments in industrial operations.

The driving force behind the growth in industrial control system (ICS) security market include growth in adoption of cyber security technology in order to prevent the organization and individual from threats. The ICS security identifies and prevents the attacker from acquiring control over the system. The advantage of using this system is that adopting the use of IT networks provides flexibility and scalability. The drawback of using ICS security is that if the basic network security is not handled properly then there is a possibility of attacker to acquire control over the system.

Industrial control system (ICS) security market is segmented on the basis of solution, control system type, service and vertical. The solution segment consists of unified threat management (UTM), distributed denial of service (DDOS), data loss prevention, firewall and antivirus. By solution segment, unified threat management (UTM) provides equipment cost savings and reduces administrative efforts by combining several security features into one appliance. UTM provides application control, content filtering, antivirus and spam detection. It also makes use of cloud technology by providing cloud based centralized management. The Industrial Control System (ICS) Security Market is estimated to reach at USD ~16 billion by the end of year 2023 with ~6% of CAGR.

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Segments:

Industrial Control System (ICS) Security Market is segmented on the basis of Solution, Control System Type, Service and Vertical.

Industrial Control System (ICS) Security Market by Solution:
• Unified threat management(UTM)
• Distributed denial of service(DDOS)
• Data loss prevention
• Firewall
• Antivirus

Industrial Control System (ICS) Security Market by Control system type:
• SCADA
• DCS
• PLC

Industrial Control System (ICS) Security Market by Service:
• Risk Management
• Managed support
• Communication services
• Change in management
• Others

Industrial Control System (ICS) Security Market by Vertical:
• Energy & Power
• Manufacturing
• Transportation
• Oil & Gas
• Food & Beverages
• Others

Regional Analysis:

The regional analysis of industrial control system (ICS) security market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is estimated to acquire largest market share due to increase in demand of this technology in infrastructures driving manufacturing and transportation industries in order to ensure proper functionality. Europe is expected to be the fastest growing market due to the government initiatives to provide sophisticated options and tools to satisfy cyber security and infrastructure management requirements in the market.

Key Players:

The prominent players in the Industrial Control System (ICS) Security Market are – Cisco Systems Inc. (U.S.), Honeywell International Inc. (U.S.), Juniper Networks Inc. (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Rockwell Automation Inc. (U.S.), Tofino Security Inc. (Canada), Trend Micro Inc. (Japan), Check Point Software Technologies Ltd. (U.S.), ABB Ltd. (U.K.), among others.

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BRIEF TOC:
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. GLOBAL MARKET SEGMENTATION
5. REGIONAL MARKET ANALYSIS
6. COMPETITIVE ANALYSIS
7. CONCLUSION
8. LIST OF TABLES
9. LIST OF FIGURES

The report for Global Industrial Control System (ICS) Security Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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