Industrial Control Systems Security Market, Revenue Share Analysis, Region & Country Forecast, 2020–2028

The Industrial Control Systems Security market is expected to grow from USD 13.33 Billion in 2020 to USD 22.01 Billion by 2028, at a CAGR of 6.50% during the forecast period.

The Industrial Control Systems Security market is expected to grow from USD 13.33 Billion in 2020 to USD 22.01 Billion by 2028, at a CAGR of 6.50% during the forecast period. Increasing adaption of forth industrial revolution, which includes, cyber-physical systems, the Internet of things, cloud computing and cognitive computing, integration of information technology and operational technology, increasing concerns regarding cyber threats, such as Dugu, Ransomware and Flame, growth of deployment of industrial control systems, increasing demand for cloud based SCADA/HMI/DCS solutions, adoption of smart grid technology, a 2-way digital communication used to supply electricity to the consumers, increasing demand for big data analytics security and collaborations between ICS security and cyber insurance vendors are some of the driving factors of the market.

Frequent security updates absorbing more power, ICS being prone to security breaches and lack of awareness may be the major restraining factors for the ICS security market.

Players will require increased investments to tackle these restraints and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Industrial Control Systems Security market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

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Further key findings from the report suggest

  • The Industrial Control Systems Security market is expected to grow from USD 13.33 Billion in 2020 to USD 22.01 Billion by 2028, at a CAGR of 6.50% during the forecast period.
  • The major contributing factors for the growth of the market for Industrial Control Systems Security can be increasing adaption of forth industrial revolution, which includes, cyber-physical systems, the Internet of things, cloud computing and cognitive computing, integration of information technology and operational technology, increasing concerns regarding cyber threats, such as Dugu, Ransomware and Flame, growth of deployment of industrial control systems, increasing demand for cloud based SCADA/HMI/DCS solutions, adoption of smart grid technology, a 2-way digital communication used to supply electricity to the consumers, increasing demand for big data analytics security and collaborations between ICS security and cyber insurance vendors
  • The Industrial Control Systems Security market is segmented by security type into network security, endpoint security, application security and database security. The network security type is expected to witness highest growth, at a CAGR of 6.6% during the forecast period, due to excessive use of cloud, mobiles, tablets globally, which makes the network systems more prone to cyber-attacks and network hacking.
  • The Industrial Control Systems Security Market is segmented by component into solutions and services. The solutions segment is expected to grow with the highest CAGR of 6.8% during the forecast period, due to growth of the encryption solutions sub-segment. Encryption solutions deals with data protection in industries, which is prone to more data thefts and DDoS attacks. Further, the growth of services segment will be driven by the incident response services, since it majorly deals with terrorist and cyber-attacks.
  • The Industrial Control Systems Security Market is segmented by industry vertical into power, energy utilities, transportation systems, manufacturing, commercial buildings, communication systems, healthcare and others (remote surveillance, weather forecasting systems, emergency response systems, and postal systems). The increased cyber threat issues is driving the growth of manufacturing segment which is expected to witness the highest growth at a CAGR of 7.1% during the forecast period and includes manufacturing of chemicals and materials, automotive, mining units, paper and pulp, food and beverages, pharmaceutical, and semiconductor.
  • The Industrial Control Systems Security Market is segmented by Geography into North, America, Europe, Asia Pacific and Rest of the World. North America, being a developed region, dominates the market, with a market share of USD 3.9 Billion in the base year, since it focuses on utmost security and is readily adopting new and advanced technologies, like cloud based technologies, big data, IoT and machine learning.
  • Key players with in Industrial Control Systems Security market are Sophos (US), Check Point Software (Israel), ABB (Switzerland), Cisco (US), McAfee (US), Honeywell (US), FireEye (US), Fortinet (US), Kaspersky Lab (Russia), BHGE (US), Belden (US), BAE Systems (UK), Airbus (France), Bayshore Networks (US), CyberArk (US), Dragos (US), Cyberbit (Israel), Indegy (US), Palo Alto Networks (US), Nozomi Networks (US), Rockwell Automation (US), Positive Technologies (US), SecurityMatters (Netherlands), Schneider Electric (France), Symantec (US), and Waterfall Security Solutions (Israel)

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Security type Outlook (Revenue, USD Million; 2018–2028)

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

Component Outlook (Revenue, USD Million; 2018–2028)

  • Solution
    • Antimalware/antivirus
    • Distributed Denial of Service (DDoS) Mitigation
    • Encryption
    • Firewall
    • Identity and Access Management (IAM)
    • Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
    • Security and Vulnerability Management
    • Security Configuration Management
    • Security Information and Event Management (SIEM)
    • Whitelisting
    • Others (Honeypots/Deception Technology Platforms, Security Patch Management, and Web Filtering)
  • Services
    • Consulting and Integration Services
    • Support and Maintenance Services
    • Training and Development Services
    • Incident Response Services
    • Managed Security Services

Industry vertical Outlook (Revenue, USD; 2018-2028)

    • Power
    • Energy and Utilities
    • Transportation Systems
    • Manufacturing
    • Commercial Buildings
    • Communication Systems
    • Healthcare
    • Others (Remote Surveillance, Weather Forecasting Systems, Emergency Response Systems, and Postal Systems)

The report focuses on evaluation of the given market in major regions and the countries included in those regions. The report provides details of the market considering the geographical landscape that includes North America, Latin America, Asia Pacific, Europe, and the Middle East Africa.The report covers assessment of revenue estimations and shares, current market value, future market valuation, market share, revenue growth and market size in each region. It studies production and consumption patterns, import/export, supply and demand ratio, consumer behavior shift, current and emerging trends, and initiatives taken by the key players in each major region.

  • North America (U.S.A., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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