Industrial Control Systems Security Market

Global Industrial Control Systems Security Market by Components (Solutions [DDoS Mitigation, Encryption, Firewall, Security & Vulnerability Management, Security Configuration Management, IAM, IDS/IPS, SIEM, Whitelisting, Anti-malware/Antivirus, and Others] and Services), Security Types (Endpoint Security, Application Security, Network Security, and Database Security), Verticals (Transportation Systems, Energy & Utility, Power, Manufacturing, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: ICT-SE-3055
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 173
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global industrial control systems security market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. Industrial control system (ICS) security refers to a security software that involves the safekeeping and security of the control systems in an industry. The hardware and software programs are utilized in the daily operations of the industry to facilitate smooth running of the organization. The security system is composed of controllers or a complex network of collaborative systems that receive data from sensors to display, observe, and measure process variables. The set points are compared with the variables and then commands are sent to control processes through the control systems. Industrial processes can easily be managed, controlled, and monitored using industrial control systems. ICS assets comprise digital devices including components of critical infrastructure such as power grids and water treatment.

Industrial Control Systems Security Marketkey takeaways

Market Trends, Drivers, Restraints, and Opportunities

  • Rapid integration of industry control systems with digital technology to facilitate communication on various platforms. This is expected to boost the demand for ICS security.
  • Rising demand for industrial automation and robotics technologies, which also depend on ICS technology. This is projected to propel the market.
  • High installation costs of industrial control systems as well as insecure and proprietary protocols are major challenges that can hamper the market growth.
  • Development in digital technologies and industrial systems facilitates machine to machine communication, which increase the demand for industrial control system security.
  • Technological advancement such as the implementation of Industrial Internet of Things (IIoT) based technologies are being used in various verticals. This is projected to offer lucrative opportunities for market growth.

Scope of the Report

Attributes

Details

Report Title

Industrial Control Systems Security Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Solutions [DDoS Mitigation, Encryption, Firewall, Security & Vulnerability Management, Security Configuration Management, IAM, IDS/IPS, SIEM, Whitelisting, Anti-malware/Antivirus, and Others] and Services), Security Types (Endpoint Security, Application Security, Network Security, and Database Security), Verticals (Transportation Systems, Energy & Utility, Power, Manufacturing, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BAE Systems; Bayshore Networks Inc.; Cisco Systems; Honeywell International Inc.; IBM Corporation; Nozomi Networks Inc.; Siemens AG; Trend Micro Inc.; Accenture plc (Symantec Corporation); General Electric Company; FireEye Inc.; and Check Point Software Technologies Ltd; and Belden Inc.

 

The report on the global industrial control system security market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
 

Global Industrial Control System Security Market Segment Insights

Multi factor authentication drives the IAM segment

Based on components, the industrial control system security market is bifurcated into solutions and services. The solutions segment is further segmented into DDoS mitigation, encryption, firewall, security & vulnerability management, security configuration management, IAM, IDS/IPS, SIEM, whitelisting, anti-malware/antivirus, and others. The solutions segment is anticipated to account for significant market share in the coming years owing to the growth of the IAM component. IAM refers to identity and access management, which is a component solution to administer user identity and access enterprise resources. IAMs have an adaptive multi factor authentication function to protect the industrial data and components from credential theft or impersonation. IAMs protect IT systems against cyberattacks and data loss.

Network security segment to hold significant market share during the forecast period

On the basis of security types, the market is classified as endpoint security, application security, network security, and database security. The network security segment is projected to witness robust growth during the forecast period. Network security uses a set of configurations that protect the integrity of the computer networks and allow access to verified user at the same time. The confidentiality of the programs and networks is maintained using various hardware and software technologies, which are safeguarded by the use of network security. The vulnerability and risk involved in data theft and sabotaged is reduced exponentially by the use of network security system. This leads to increase demand for this segment in industries.

Industrial Control Systems Security Market by security types

Increasing vulnerability of security threats drives the manufacturing segment

Based on verticals, the global industrial control system market is segmented into transportation systems, energy & utility, power, manufacturing, and others. The manufacturing segment is anticipated to witness growth in the market during the projected timeline owing to high vulnerability towards security threats. Emerging cyber-attacks and cyber threats have compelled manufacturing industries to set up ICS technologies to ensure integrity and confidentiality. The rapid adoption of smart technologies such as sensor technology, smart products, IoT strategies, and analytics lead to technological development to provide better industrial control systems. Manufacturing industries use ICS to improve business efficiency and communication while maintaining integrity and accessibility of computer hardware.

Industrial Control Systems Security Market by verticals

High demand of industrial control systems drives the Asia Pacific market

In terms of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held large market share in 2020 and is expected to represent high revenue share of the market in the coming years owing to increasing number of cyber threats in industrial organizations. Rapid industrialization and urbanization in developing countries such as India, China, and Japan present key factors to adopt ICS technologies as it facilitates business efficiency and security.

Segments

By Components

  • Solutions
    • DDoS Mitigation
    • Encryption
    • Firewall
    • Security & Vulnerability Management
    • Security Configuration Management
    • IAM
    • IDS/IPS
    • SIEM
    • Whitelisting
    • Anti-malware/Antivirus
    • Others
  • Services

By Security Types

  • Endpoint Security
  • Application Security
  • Network Security
  • Database Security

By Verticals

  • Transportation Systems
  • Energy & Utility
  • Power
  • Manufacturing
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • BAE Systems
  • Bayshore Networks Inc.
  • Cisco Systems
  • Honeywell International Inc.
  • IBM Corporation
  • Nozomi Networks Inc.
  • Siemens AG
  • Trend Micro Inc.
  • Accenture plc (Symantec Corporation)
  • General Electric Company
  • FireEye Inc.
  • Check Point Software Technologies Ltd
  • Belden Inc.

Competitive Landscape

Key players in the global industrial control system security market are BAE Systems; Bayshore Networks Inc.; Cisco Systems; Honeywell International Inc.; IBM Corporation; Nozomi Networks Inc.; Siemens AG; Trend Micro Inc.; Accenture plc (Symantec Corporation); General Electric Company; FireEye Inc.; and Check Point Software Technologies Ltd; and Belden Inc. These players have widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

Industrial Control Systems Security Market by key players
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Control Systems Security Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Industrial Control Systems Security Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Industrial Control Systems Security Market - Supply Chain
  4.5. Global Industrial Control Systems Security Market Forecast
     4.5.1. Industrial Control Systems Security Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Industrial Control Systems Security Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Industrial Control Systems Security Market Absolute $ Opportunity
5. Global Industrial Control Systems Security Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Industrial Control Systems Security Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Industrial Control Systems Security Demand Share Forecast, 2019-2026
6. North America Industrial Control Systems Security Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Industrial Control Systems Security Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Industrial Control Systems Security Demand Share Forecast, 2019-2026
7. Latin America Industrial Control Systems Security Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Industrial Control Systems Security Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Industrial Control Systems Security Demand Share Forecast, 2019-2026
8. Europe Industrial Control Systems Security Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Industrial Control Systems Security Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Industrial Control Systems Security Demand Share Forecast, 2019-2026
9. Asia Pacific Industrial Control Systems Security Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Industrial Control Systems Security Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Industrial Control Systems Security Demand Share Forecast, 2019-2026
10. Middle East & Africa Industrial Control Systems Security Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Industrial Control Systems Security Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Industrial Control Systems Security Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Industrial Control Systems Security Market: Market Share Analysis
  11.2. Industrial Control Systems Security Distributors and Customers
  11.3. Industrial Control Systems Security Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. BAE Systems
     11.4.2. Bayshore Networks Inc.
     11.4.3. Cisco Systems
     11.4.4. Honeywell International Inc.
     11.4.5. IBM Corporation
     11.4.6. Nozomi Networks Inc.
     11.4.7. Siemens AG
     11.4.8. Trend Mi

By Components

  • Solutions
    • DDoS Mitigation
    • Encryption
    • Firewall
    • Security & Vulnerability Management
    • Security Configuration Management
    • IAM
    • IDS/IPS
    • SIEM
    • Whitelisting
    • Anti-malware/Antivirus
    • Others
  • Services

By Security Types

  • Endpoint Security
  • Application Security
  • Network Security
  • Database Security

By Verticals

  • Transportation Systems
  • Energy & Utility
  • Power
  • Manufacturing
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • BAE Systems
  • Bayshore Networks Inc.
  • Cisco Systems
  • Honeywell International Inc.
  • IBM Corporation
  • Nozomi Networks Inc.
  • Siemens AG
  • Trend Micro Inc.
  • Accenture plc (Symantec Corporation)
  • General Electric Company
  • FireEye Inc.
  • Check Point Software Technologies Ltd
  • Belden Inc.

Key players in the global industrial control system security market are BAE Systems; Bayshore Networks Inc.; Cisco Systems; Honeywell International Inc.; IBM Corporation; Nozomi Networks Inc.; Siemens AG; Trend Micro Inc.; Accenture plc (Symantec Corporation); General Electric Company; FireEye Inc.; and Check Point Software Technologies Ltd; and Belden Inc. These players have widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

Industrial Control Systems Security Market by key players
 

Buy Report