The global industrial control systems (ICS) security market size reached US$ 21.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 40.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2023-2032.
Industrial control systems (ICS) security refers to various practices employed to protect computer-controlled systems from cybersecurity threats. These systems are widely utilized in industrial processes to automate or remotely control product manufacturing, handling, and distribution. Some commonly used ICS security solutions include asset inventory and detection, vulnerability management, network intrusion protection and detection, endpoint detection and response, patch management, and user and access management. In recent years, ICS security solutions have gained traction across numerous industries, including automotive, power and utilities, oil and gas, chemical, food and beverage, and pharmaceuticals.
2. What is the expected growth rate of the global Industrial Control Systems (ICS) security market during 2024-2032?
3. What are the key factors driving the global Industrial Control Systems (ICS) security market?
4. What has been the impact of COVID-19 on the global Industrial Control Systems (ICS) security market?
5. What is the breakup of the global Industrial Control Systems (ICS) security market based on the component?
6. What is the breakup of the global Industrial Control Systems (ICS) security market based on the system type?
7. What is the breakup of the global Industrial Control Systems (ICS) security market based on the application?
8. What are the key regions in the global Industrial Control Systems (ICS) security market?
9. Who are the key players/companies in the global Industrial Control Systems (ICS) security market?
Industrial control systems (ICS) security refers to various practices employed to protect computer-controlled systems from cybersecurity threats. These systems are widely utilized in industrial processes to automate or remotely control product manufacturing, handling, and distribution. Some commonly used ICS security solutions include asset inventory and detection, vulnerability management, network intrusion protection and detection, endpoint detection and response, patch management, and user and access management. In recent years, ICS security solutions have gained traction across numerous industries, including automotive, power and utilities, oil and gas, chemical, food and beverage, and pharmaceuticals.
Industrial Control Systems (ICS) Security Market Trends:
ICS security solutions help safeguard the software and hardware that are used to operate machinery against cyberattacks without interrupting day-to-day operations. As a result, the escalating demand for secure ICS and the rising cyberattacks and network security threats represent the primary factors driving the market growth. Besides this, the widespread adoption of the Internet of Things (IoT) and automation technologies across various industries is augmenting the product demand. Additionally, the recent coronavirus disease (COVID-19) outbreak has accelerated the adoption of digital transformation strategies, which, in turn, has strengthened the need for security. Along with this, the increasing investments in smart grid deployment and the rising number of automated manufacturing facilities in the automotive sector are encouraging automakers to opt for ICS security solutions. Moreover, several leading players are focusing on research and development (R&D) activities to launch advanced product variants for enhanced protection against evolving cyberattacks. Other factors, including the increasing penetration of innovative technologies in industrial systems, surging production of electric vehicles (EVs), rapid industrialization, favorable government initiatives, and technological advancements, are also expected to create a positive market outlook.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global industrial control systems (ICS) security market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, system type, security type and application.Breakup by Component:
- Solution
- Services
Breakup by System Type:
- SCADA
- DCS
- PLC
- Others
Breakup by Security Type:
- Network Security
- Endpoint Security
- Application Security
- Database Security
Breakup by Application:
- Manufacturing
- Power & Energy
- Mining
- Water Utility
- Transportation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., AhnLab Inc., AO Kaspersky Lab, Belden Incorporated, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Claroty Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corporation, Palo Alto Networks Inc. and Siemens AG.
Key Questions Answered in This Report
1. What was the size of the global Industrial Control Systems (ICS) security market in 2023?2. What is the expected growth rate of the global Industrial Control Systems (ICS) security market during 2024-2032?
3. What are the key factors driving the global Industrial Control Systems (ICS) security market?
4. What has been the impact of COVID-19 on the global Industrial Control Systems (ICS) security market?
5. What is the breakup of the global Industrial Control Systems (ICS) security market based on the component?
6. What is the breakup of the global Industrial Control Systems (ICS) security market based on the system type?
7. What is the breakup of the global Industrial Control Systems (ICS) security market based on the application?
8. What are the key regions in the global Industrial Control Systems (ICS) security market?
9. Who are the key players/companies in the global Industrial Control Systems (ICS) security market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Industrial Control Systems (ICS) Security Market
6 Market Breakup by Component
7 Market Breakup by System Type
8 Market Breakup by Security Type
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- AhnLab Inc.
- AO Kaspersky Lab
- Belden Incorporated
- Broadcom Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Claroty Inc.
- Fortinet Inc.
- Honeywell International Inc.
- International Business Machines Corporation
- Palo Alto Networks Inc.
- Siemens AG
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 147 |
Published | March 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 21.3 Billion |
Forecasted Market Value ( USD | $ 40.3 Billion |
Compound Annual Growth Rate | 7.3% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |