Industrial Control Systems Security Market Size Expected To Reach $ 22.01 Billion By 2028

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Industrial Control Systems Security Market $ 13.33 billion in 2020, 6.50% CAGR, Market Trends – Growing demand for cloud-based SCADA / HMI / DCS solutions.

NEW YORK, NY, UNITED STATES, November 25, 2021 /EINPresswire.com/ – The major factor contributing to the growth of the industrial control systems security market may be the increasing adaptation of the Fourth Industrial Revolution, which includes cloud computing, Internet of Things, cyber systems physical and cognitive computing. Computing includes computers, storage, networking devices and other physical devices, infrastructure and application-related processes, to create, process, store, secure and exchange all forms of electronic data, which are built into OT , which primarily deals with manufacturing and industrial environments, includes Industrial Control Systems (ICS) such as Supervisory Control and Data Acquisition (SCADA).

The Industrial Control Systems Security Market is expected to grow from $ 13.33 billion in 2020 to $ 22.01 billion by 2028, at a CAGR of 6.50% during the forecast period. Growing adaptation of the Fourth Industrial Revolution, which includes cyber-physical systems, Internet of Things, cloud computing and cognitive computing, integration of information technology and operational technologies, growing concerns regarding cyber threats, such as Dugu, Ransomware and Flame, the growth in deployment of industrial control systems, increasing demand for cloud-based SCADA / HMI / DCS solutions, adoption of smart grid technology, two-way digital communication used to provide From electricity to consumers, growing demand for big data analytics security and collaborations between ICS security and cyber insurance providers are some of the driving factors of the market.

With frequent security updates consuming more power, ICS being prone to security breaches and lack of awareness can be the major restraining factors for the ICS security market.

The players will need increased investments to face these constraints and facilitate growth in the years to come. This report includes drivers, restraints, opportunities, and challenges relating to the Industrial Control Systems Security market; and in-depth value chain analysis, patent analysis, analysis of current manufacturing capacity and state of technology, commercialization potential in different devices, as well as market size forecast up to in 2026.

The main players in the industrial control system security market are Sophos (US), Check Point Software (Israel), ABB (Switzerland), Cisco (US), McAfee (US), Honeywell (US), FireEye (US) , Fortinet (US), Kaspersky Lab (Russia), BHGE (United States), Belden (United States), BAE Systems (United Kingdom), Airbus (France), Bayshore Networks (United States), CyberArk (United States United States), Dragos (United States), Cyberbit (Israel), Indegy (United States), Palo Alto Networks (United States), Nozomi Networks (United States), Rockwell Automation (United States), Positive Technologies (United States), SecurityMatters (Netherlands), Schneider Electric (France), Symantec (United States) and Waterfall Security Solutions (Israel)

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Other key findings from the report suggest

• The industrial control systems security market is expected to grow from USD 13.33 billion in 2020 to USD 22.01 billion by 2028, at a CAGR of 6.50% during the forecast period.
• The major factors contributing to the growth of the industrial control systems security market may be the increasing adaptation of the Fourth Industrial Revolution, which includes cyber-physical systems, Internet of Things, cloud computing and cognitive computing, the integration of information technology and technology, the growing concerns about cyberthreats, such as Dugu, Ransomware and Flame, the growth in the deployment of industrial control systems, the growing demand for SCADA solutions / Cloud-based HMI / DCS, adoption of smart grid technology, two-way digital communication used to deliver electricity to consumers, increasing demand for big data analytics security and collaborations between ICS security and cyber insurance providers
• The industrial control system security market is segmented by type of security into network security, endpoint security, application security and database security. The type of network security is expected to experience the highest growth, with a CAGR of 6.6% during the forecast period, due to the excessive use of cloud, mobiles and tablets globally, this which makes network systems more vulnerable to cyber attacks and network hacking.
• The industrial control system security market is segmented by component into solutions and services. The solutions segment is expected to grow with the highest CAGR of 6.8% during the forecast period, owing to the growth of the encryption solutions sub-segment. Encryption solutions deal with data protection in industries, which are prone to more data theft and DDoS attacks. In addition, the growth of the services segment will be driven by incident response services, as it mainly deals with terrorist attacks and cyber attacks.
• The industrial control systems security market is segmented by vertical sector into electricity, power and utilities, transportation systems, manufacturing, commercial buildings, communication systems, healthcare and others (remote monitoring, forecasting systems). weather, emergency response systems and postal systems). The increase in cyber threat issues drives the growth of the manufacturing segment which is expected to experience the highest growth with a CAGR of 7.1% during the forecast period and includes the manufacturing of chemicals and materials, l automotive, mining, paper and pulp, food and beverage. , pharmaceutical and semiconductor.
• The industrial control systems security market is segmented by geography into North, America, Europe, Asia-Pacific and rest of the world. North America, being a developed region, dominates the market, with a market share of US $ 3.9 billion in the base year, as it focuses on maximum security and readily adopts technologies. new and advanced, such as cloud-based technologies, big data, IoT and machine learning.

The “Industrial Control Systems Security Market Global Forecast 2026” report is now available for reporting and data clients and can also be purchased directly from: https://www.reportsanddata.com/report-detail/industrial-control-systems-security-market

For the purpose of this report, the market has been segmented on the basis of security type, component, industry vertical analysis, and region.

Outlook Security Type (Revenue, USD Million; 2018-2028)

Internet security
Endpoint security
Application security
Database security

Components Outlook (Revenue, USD Million; 2018-2028)

Solution
Antimalware / antivirus
Distributed Denial of Service (DDoS) Mitigation
Encryption
Firewall
Identity and Access Management (IAM)
Intrusion Detection System / Intrusion Prevention System (IDS / IPS)
Security and Vulnerability Management
Managing security configurations
Security information and event management (SIEM)
Whitelist
Others (Honeypots / Deception technology platforms, security patch management and web filtering)
Services
Consulting and integration services
Support and maintenance services
Training and development services
Incident response services
Managed security services

Industry Vertical Outlook (Revenue, USD; 2018-2028)

Power
Energy and utilities
Transport systems
Manufacturing
Commercial buildings
Communication systems
Health care
Others (remote monitoring, weather forecasting systems, emergency response systems and postal systems)

Regional Outlook (Revenue, USD Million; 2018-2028)

North America
Europe
Asia Pacific
Line

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The market report includes the main points from the table of contents:

• Industrial control systems security market overview
• Global economic impact on industry
• Competition in the world market by manufacturers
• World production, income (value) by region
• Global supply (production), consumption, export, import by regions
• World production, revenue (value), price trend by type
• Global Market Analysis by Application
• Analysis of manufacturing costs
• Industrial chain, sourcing strategy and downstream buyers
• Analysis of the marketing strategy, distributors / traders
• Analysis of market effect factors
• Industrial Control Systems Security Market Forecast

To conclude, all aspects of the Industrial Control Systems Security Market are quantitatively and qualitatively assessed to study the Global and Regional Market in a comparative manner. This market research presents critical information and factual data about the market, providing an overall statistical study of this market on the basis of market drivers, its limitations and future prospects.

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