Market Insights:
Industrial Control Systems (ICS) Security Market size was valued at USD 16.1 Billion in 2021, registering a CAGR of 6.9% during the forecast period (2022-2030), and the market is projected to be worth USD 29.35 Billion by 2030.
The industrial control systems (ICS) security industry is expanding rapidly as a result of massive expenditures by governments across the world in smart technologies and rising cyber threats such as Stuxnet and Night Dragon. Increasing smart grid installations, cloud computing for critical infrastructure protection, and increased industry expenditure on industrial control systems are some of the reasons driving the industrial control systems market in the approaching years.
Industrial Control Systems (ICS) Security Market Research Report” was just released by Market Research Community. It is divided into several categories, including Solution (Antimalware/Antivirus, Distributed Denial of Service Mitigation, Encryption, Firewall, Identity and Access Management, Intrusion Detection System/Intrusion Prevention System, Security and Vulnerability Management, Security Configuration Management, Security Information and Event Management, Whitelisting, Others), Service (Consulting and Integration Services, Support and Maintenance Services, Training and Development Services, Incident Response Services, Managed Security Services), Security Type (Network Security, Endpoint Security, Application Security, Database Security), System Type (SCADA, DCS, PLC, Others), Vertical (Power, Energy and Utilities, Transportation Systems, Manufacturing, Others), and companies (Honeywell International, Inc., International Business Machines Corporation, Trend Micro Incorporated, Airbus Group SE, Tofino Security, and ABB Ltd. Cisco Systems, Inc., Siemens AG, Juniper Networks, Inc., Lockheed Martin Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.9%, over the forecast period of 2022–2030
Driver:
The increased adoption of Industrial Control Systems (ICS) Security in the Network Security industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Industrial Control Systems (ICS) Security also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Industrial Control Systems (ICS) Security in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 29.35 Billion |
| CAGR (2022-2030) | 6.9% |
| By Solution | Antimalware/Antivirus, Distributed Denial of Service Mitigation, Encryption, Firewall, Identity and Access Management, Intrusion Detection System/Intrusion Prevention System, Security and Vulnerability Management, Security Configuration Management, Security Information and Event Management, Whitelisting, Others |
| By Service | Consulting and Integration Services, Support and Maintenance Services, Training and Development Services, Incident Response Services, Managed Security Services |
| By Security Type | Network Security, Endpoint Security, Application Security, Database Security |
| By System Type | SCADA, DCS, PLC, Others |
| By Vertical | Power, Energy and Utilities, Transportation Systems, Manufacturing, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Honeywell International, Inc., International Business Machines Corporation, Trend Micro Incorporated, Airbus Group SE, Tofino Security, and ABB Ltd. Cisco Systems, Inc., Siemens AG, Juniper Networks, Inc., Lockheed Martin Corporation |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Industrial Control Systems (ICS) Security market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Honeywell International, Inc., International Business Machines Corporation, Trend Micro Incorporated, Airbus Group SE, Tofino Security, and ABB Ltd. Cisco Systems, Inc., Siemens AG, Juniper Networks, Inc., Lockheed Martin Corporation
Market Segment Analysis:
By Solution
- Security and Vulnerability Management
- Security Configuration Management
- Security Information and Event Management
- Whitelisting
- Others
- Antimalware/Antivirus
- Distributed Denial of Service Mitigation
- Encryption
- Firewall
- Identity and Access Management
- Intrusion Detection System/Intrusion Prevention System
By Service
- Support and Maintenance Services
- Training and Development Services
- Incident Response Services
- Consulting and Integration Services
- Managed Security Services
By Security Type
- Network Security
- Endpoint Security
- Application Security
- Database Security
By System Type
- SCADA
- DCS
- PLC
- Others
By Vertical
- Power
- Energy and Utilities
- Transportation Systems
- Manufacturing
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Industrial Control Systems (ICS) Security industries in the region.
Key Industrial Control Systems (ICS) Security Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Industrial Control Systems (ICS) Security Market segments.
– Largest Market Share Held by Industry to Industry for Industrial Control Systems (ICS) Security
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Industrial Control Systems (ICS) Security Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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