The “Industrial Control Systems Security Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Industrial Control Systems Security Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global industrial control systems (ICS) security market size was US$ 17.79 billion in 2021. The global industrial control systems (ICS) security market size is forecast to reach US$ 30.91 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2030.
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The purpose of industrial control system security is to prevent interference or unintentional interference with the operation of control systems and industrial automation. The system security also provides malware protection, extends the patching cycle, and reduces system complexity and maintenance requirements. A control system manages and controls specific functions, such as petroleum production, transportation, manufacturing, electricity, and communications. Power, energy, and transportation resources can use industrial control systems security in order to protect themselves against threats like Duqu, Flame, Night Dragon, and Stuxnet.
Factors Influencing Market Growth
Cyber-attacks and network security threats have increased due to investments in smart technologies. Therefore, government security organizations were required to participate in ICS security. These factors have contributed to the global market growth of industrial control systems security.
The growing adoption of cloud-based SCADA (supervisory control and data acquisition) systems is forecast to provide lucrative growth opportunities for the global market.
The rise of automation technologies and IoT across various industrial control applications, and increased investments for the deployment of smart grids, are propelling the growth of the global market.
The implementation of ICS security solutions requires company-wide coverage to provide smooth and secure operations, thereby increasing the cost of infrastructures, which proves prohibitively expensive for many operators, thus slowing down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 has exhibited significant market growth. Due to the penetration of digital transformation strategies, the need for safety systems has directly increased. Consequently, problems like availability, performance, safety, and mounting IT costs added to the demand for industrial control systems solutions and services. Due to the proliferation of the internet and the ICS, the COVID-19 drove the adoption of industrial control methods. It provides advantages like better management and interconnection. In addition, the WFH trends and hybrid work models supported the market growth.
Regional Insights
Globally, North America held the largest market share in 2021. As the market’s responsiveness for novel technologies and their development increases, such as the integration of IoT and cloud with ICS security solutions, this will spur its growth. A safety governance framework and a comprehensive secure access mechanism also contribute to market growth. International collaborations and Public-Private Partnerships (PPPs) contribute to the production of adequate ICS safety in the region.
The Asia Pacific is forecast to grow at the fastest CAGR in the industrial control systems (ICS) security market over the forecast period. Increasing safety concerns have led to greater investment in safety systems. South Korea, India, Japan, China, Australia, Hong Kong, and other prime emerging nations are exhibiting exponential growth in their industries and technological developments, while effective government regulations boost their markets. A growing need for sector-specific cybersecurity, more Public-Private Partnerships (PPPs), and more R&D across the region also contribute to the growing demand for ICS security.
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Leading Competitors
The leading prominent companies profiled in the global industrial control systems (ICS) security market are:
ABB, Limited
Airbus CyberSecurity
Applied Security, Incorporated
BAE Systems plc
Belden Incorporated
Check Point Software Technologies
Cisco
Claroty, Limited
CyberArk
Cyberbit
Darktrace
Dragos, Incorporated
FireEye
Forescout Technologies
Fortinet
Honeywell
Kaspersky Labs
Lockheed Martin Corporation
Nozomi Networks Incorporated
Palo Alto Networks, Incorporated
Positive technologies
Radiflow
Raytheon Technologies Corporation
Sophos Group plc
Verve Industrial Protection
Other Prominent Players
Scope of the Report
The global industrial control systems (ICS) security market segmentation focuses on Component, Solution, Security Type, Vertical, and Region.
Segmentation based on Component
Solution
Services
Segmentation based on Solution
Anti-malware/Antivirus
Distributed denial-of-service (DDoS) Mitigation
Encryption
Firewall
Identity and Access Management (IAM)
Intrusion Detection Systems (IDS)/Intrusion Prevention Systems (IPS)
Security and vulnerability management
Security configuration management
Security information and event management (SIEM)
Whitelisting
Others
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Segmentation based on Security Type
Network
Endpoint
Application
Database
Segmentation based on Vertical
Power
Energy and Utility
Transportation Systems
Manufacturing
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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