Industrial Control System (ICS) Security Market Overview 2022

In accordance with the Industrial Control System (ICS) Security market is set to grow at a CAGR of 6.6% over a forecast period (2022-2030).

There have been increased hacker groups attempting to access industrial networks, further increasing the usage of ICS security, which is expected to drive market growth. Furthermore, new technologies have resulted in the development of large amounts of data, which has increased demand for ICS security, hence propelling the market growth over the forecasted period. The “network security” accounts for the largest security type segment in the industrial control systems (ICS) security market, owing to the surging demand for protecting the integrity and usability of the data and network connecting different industrial applications.

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The “Industrial Control System (ICS) Security Market” Report includes qualitative and quantifiable insights into the major drivers, restraints, opportunities, and challenges affecting global market growth. The examination contains complete statistical market data on the major companies, as well as revenue forecasts. The Industrial Control System (ICS) Security market study also includes information on the sales growth of many regional and country-level markets, as well as the competitive landscape and specific company analysis for the forecast period. The market report observes future growth aspects as well as the current status of market share, penetration of various types, technologies, applications, and geographies through 2030.

Industrial Control System (ICS) Security Market Leading Players:

Cisco, Honeywell, Juniper, Siemens, Rockwell, Tofino Security

Recent Development:

In September 2022, Cisco partnered with Radiflow for its OT security expertise. Radiflow would provide IDS in Cisco-run OT facilities.

In April 2022, to increase the US government’s focus on the cybersecurity and resilience of industrial control systems and operational technology (ICS/OT), the Cybersecurity and Infrastructure Security Agency (CISA) expanded the Joint Cyber Defense Collaborative (JCDC) to include Industrial Control Systems (ICS) experts. For this, CISA partnered with Honeywell.

In April 2021, Fortis partnered with Darktrace to help detect and respond to attacks across the entire digital infrastructure with Darktrace’s cyber-AI, including cloud, SaaS, corporate networks, IoT, and industrial control systems.

In July 2020, Fortinet partnered with Dragos to provide improved visibility and detection of IT and ICS threats.

In June 2020, to protect networks in critical infrastructure against all types of advanced Gen V cyber threats, Check Point launched the new 1570R rugged security gateway.

This Research Considers the following Regions on Prime focus:

North America (U.S., Canada)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)

Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Regional Overview:

North America dominates the industrial control systems (ICS) security market because of the due to the prevalence of improved infrastructure and adoption of advanced technology within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing number of cybercrimes along with acceptance of ICS security system in various organizations within the region.

Global Industrial Control System (ICS) Security Market Segmentation:

By type:

SCADA

DCS

PLC

By Solution:

Unified Threat Management (UTM)

Data loss prevention

Antivirus

Firewall

Distributed Denial of Service (DDOS)

By application:

Manufacturing

Food & Beverage

Energy & Power

Transportation

Others

By Service:

Change in Management

Communication Services

Managed Support

Risk Management

Others

Year Considered Estimating the Market Size:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2023-2029

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Report Aim and Scope:

An overview of the Industrial Control System (ICS) Security market based on geographical scope, segmentation, and financial performance of key players is presented in the report.
The report presents the estimated Industrial Control System (ICS) Security market size by the end of the forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year-on-Year Growth (%) and compound annual growth rate (CAGR) for the given forecast period are offered.
The report presents current trends in the industry and the future scope of the market in North America, Asia Pacific, Europe, Latin America, and Europe.
The various parameters accelerating the growth of the Industrial Control System (ICS) Security market is incorporated in the research report.
The report analyzes the growth rate, market size, and valuation of the market during the forecast period.

Key Reasons to Purchase:

– To gain insightful analyses of the market and have a comprehensive understanding of the global market and its industrial landscape.

– To identify and analyze the profile of leading players operating in the global Industrial Control System (ICS) Security market.

– To understand the most affecting driving and restraining forces in the market and their impact on the global market.

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