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Industrial Control Systems Security Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 333 | Report ID: MRS1052


Report Description

The global Industrial Control Systems Security market size is estimated at USD 10.6 billion in 2020, expanding at a CAGR of 7.7% from 2021-2027.

Market Dynamics

Industrial control system security (ICS) is the digital device that is used in industrial processes. The system security provides security against malware and reduces system complexities & maintenance necessities. ICS security system helps in power & energy utility and transportation resources in taking protective measures against threats such as Flame, Duqu, Night Dragon, and Stuxnet attacks.

Increasing threats and attacks and the rise in industrial automation and virtualization are major driving factors of the market for industrial control systems security. In Addition, the growing adoption of a cloud-based SCADA system is anticipated to provide lucrative growth opportunities for the market. Moreover, government initiation related to critical infrastructure protection to boost the adoption of the ICS security market during the forecast period.

However, high-cost high costs of installation & maintenance of ICS security solutions and lack of trained security analysts to analyze the systems are the factors likely to hinder the market growth during the forecast period.

Based on Component, the market is bifurcated into Solutions and Services. The solutions segment is estimated to hold the largest market share during the forecast period owing to the increasing use of Industrial Control Systems in end-users like Power Utility, and Information Technology (IT) infrastructure.

Based on Security Type, the market is segmented into Network Security, Database Security, Endpoint Security, Application Security, and Others. The Endpoint Security segment witnessed the largest market share during the forecast period owing to the enormous deployment of endpoint security in multiple areas.

Based on Application, the market is bifurcated into Automotive, Chemical and Petrochemical, Power and Utilities, Mining, Pharmaceuticals, Food and Beverage, Oil and Gas, and Others. The Automotive segment is projected to hold the largest market share in the Industrial Control Systems Security market during the forecast period owing to the significant usage of industrial Control Systems in the respective domains.

Regionally, the North American region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period due to the rising cost of labor along with the pressure on manufacturers to meet deadlines, which has resulted in the increased adoption of automation in industries. On the other hand, Europe accounted for the significant growth rate during the forecast period owing to increased government interventions.

Some of the prominent players are ABB Group, Airbus, Bae Systems, Belden, Bayshore Networks, Cisco, Cyberark, Check Point, Claroty, Darktrace, Dragos, FireEye, Fortinet, Honeywell, Kaspersky, Lockheed Martin, Nozomi Networks, Palo Alto Networks, Raytheon Company, and Siemens AG, among others.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of the Industrial Control Systems Security Market by component, security type, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • ABB Group
  • Airbus
  • Bae Systems
  • Belden
  • Bayshore Networks
  • Cisco
  • Cyberark
  • Check Point
  • Claroty
  • Darktrace
  • Dragos
  • FireEye
  • Fortinet
  • Honeywell
  • Kaspersky
  • Lockheed Martin
  • Nozomi Networks
  • Palo Alto Networks
  • Raytheon Company
  • Siemens AG
  • Other prominent players

Component Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Solutions
  • Services

Security Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

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

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Automotive
  • Chemical and Petrochemical
  • Power and Utilities
  • Mining
  • Pharmaceuticals
  • Food and Beverage
  • Oil and Gas
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • Latin America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Industrial Control Systems Security market size is estimated at USD 10.6 billion in 2020, expanding at a CAGR 7.7% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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