Industrial Control Systems Security Market To Reach USD 12 Billion By 2026
Global Market Insights, Inc., therefore
predicts that the ICS
security market might cross USD 12 billion by the year
2026. Rising demand for protection against cyberthreats across ICS and
OT systems would proliferate service significance. ICS applications are used in
diverse range of industries, helping manage, administer and monitor everything
from utilities and nuclear plants to robotics, HVAC installations, and prison
cell doors. Growing prevalence of cyberattacks on crucial infrastructure
systems could drive the demand for effective ICS security platforms over the
forthcoming years.
The industrial control systems
(ICS) security market is estimated to garner considerable revenue growth on
account of prompting need for efficient cybersecurity solutions. ICS security
focuses on protecting integrated software and hardware developed to control and
monitor the operation of machinery and other related devices used in industrial
environments.
The industrial
control systems (ICS) security market research report includes in-depth
coverage of the industry with estimates & forecast in terms of
revenue in USD from 2015 to 2026 for the following segments:
Market by Security Type
- Network Security
- Application Security
- Endpoint Security
- Database Security
Market by Component
- Solution
- Firewall
- SCADA Encryption
- Antivirus/Anti-Malware
- Intrusion Detection & Prevention
- Identity & Access Management (IAM)
- Distributed Denial of Service (DDoS) Solution
- Data Loss Prevention (DLP)
- Virtualization Security
- Security Information and Event Management
(SIEM)
- Unified Threat Management (UTM)
- Service
- Managed Service
- Integration & Consulting
- Audit & Reporting
- Risk Management
Market by Application
- Power and Energy
- Critical Manufacturing
- Mining
- Water Utility
- Transportation
- Chemical
The above information has been provided for the following
regions and country:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East
& Africa
Browse
key industry insights spread across 316 pages with 279 market data tables and
34 figures & charts from the report, “Industrial
Control Systems (ICS) Security Market Size By Security Type (Network Security,
Application Security, Endpoint Security, Database Security), By Component
(Solution [Firewall, SCADA Encryption, Antivirus/Anti-Malware, Intrusion
Detection & Prevention, Identity & Access Management {IAM}, Distributed
Denial of Service {DDoS} Solution, Data Loss Prevention {DLP}, Virtualization
Security, Security Information and Event Management {SIEM}, Unified Threat
Management {UTM}], Service [Managed Service, Integration & Consulting,
Audit & Reporting, Risk Management]), By Application (Power and Energy,
Critical Manufacturing, Mining, Water Utility, Transportation, Chemical)” in detail along with the table of
contents: https://bit.ly/31p57Bn
Integrated
hardware and software components have become the backbone of industrial units
and play an integral role in automating multiple industrial processes. These
components mainly include distribution control and supervisory control systems.
Any vulnerability or malfunction caused by malware attacks to these components
could lead to a substantial financial loss.
In regard to
applications, ICS security market is fragmented into critical manufacturing, power
and energy, water utility, mining, chemical, and transportation. Out of these,
the power and energy application segment managed to dominate global ICS
security market share in 2019 and is projected to maintain a stronghold on the
market throughout the predicted timeframe. Organizations operating in the
energy sector are rapidly implementing robotics and IoT systems in their
process.
However, this
trend has made these systems vulnerable to cyber-threats. As a matter of fact,
the energy industry is considered to be the most vulnerable sector for ICS
attacks and has been listed under one of the most impacted industries over the
last five to seven years. As per US ICS-CERT, a total of 509 vulnerabilities
were identified across different ICS components in 2019.
On the regional
aspect, North America is considered to be a strategical ground for ICS security
companies and is forecasted to hold more than 30% of the global market share by
the end of 2026. Factors like surging cyberattacks and growing investments
across the U.S. oil & gas sector could play a vital role in strengthening
the demand for ICS security solutions.
The competitive
landscape of global Industrial Control Systems comprises companies such as ABB
Ltd., BAE Systems, Bayshore Networks, Inc., Belden, Inc., Check Point Software
Technologies Ltd., Cisco Systems, Inc., Cyberbit, Dragos, Inc., FireEye, Inc.,
Fortinet, Inc., General Electric Company, Honeywell International, Inc., IBM Corporation,
Kaspersky Labs, McAfee, LLC, Nozomi Networks, Inc., OT Claroty Ltd., Rolloos
Industries B.V., Raytheon Company, Rockwell Automation, Inc., Schneider
Electric, SecurityMatters (Forescout Technologies Inc.), Siemens AG, Accenture
plc (Symantec Corporation), and Trend Micro, Inc.
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for a Customization of this research report @ https://bit.ly/380GVpY
About Global
Market Insights:
Global Market Insights, Inc., headquartered in Delaware,
U.S., is a global market research and consulting service provider; offering
syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
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