-- The ICS security market is projected to register a CAGR of over 20% between 2018 and 2024. The growth is attributed to the increasing incidents of cyber-attacks on critical infrastructure industries and consistent increase in the number of vulnerabilities detected in ICS components globally with government policies to ensure a robust IT security framework for National Critical Infrastructure (NCI) protection. The increasing need to secure industrial IT infrastructure from internal threats will contribute to the growing awareness related to ICS security over the forecast timeline. Using ICS security, companies can minimize the potential exposure to threats arising from internal resources by preventing access violations from unauthorized users.
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The firewall segment dominated the market in 2017 and is expected to secure a significant share of the overall ICS security market by 2024 due to an extensive adoption of ruggedized firewalls for maintaining and managing network traffic in industrial infrastructure operating in harsh environmental conditions. Firewalls play a critical role in containing internal cyber incidents and blocking external threats that could heavily impact productivity, safety, and reliability. They manage the flow of communication and examine the data packets to ensure blocking of harmful network traffic. Hence, the adoption of firewalls for ICS security is likely to increase consistently over the forecast timeline.
The energy sector held a major share of nearly 40% in the ICS security market in 2017 and is expected to maintain this market dominance throughout the forecast period. The increasing incidents of cyber-attacks on the energy industry including gas pipeline infrastructure, oil & gas platforms, and power utility infrastructure are majorly contributing to the growing emphasis on securing critical energy production and distribution networks. Government agencies are taking appropriate measures to secure critical national energy infrastructure from terrorist attacks that could lead to a major economic loss.
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North America held around 50% share of the ICS security market in 2017 and is projected to hold a significant share of the overall market between 2018 and 2024. With the availability of extensive industry standards, regulatory guidelines, and government initiatives in the U.S., the adoption of ICS security solutions is expected to grow in a structured manner across different industry verticals such as energy, advanced manufacturing, mining, and transportation.
LAMEA ICS security market is projected to register the fastest growth between 2018 and 2024 with a CAGR of around 30%. The key factors that are expected to facilitate this accelerated growth are increasing cyber-attacks on oil & gas industries along with the other critical industrial sectors. Recent Triton malware attacks on industrial safety systems in the region in 2017 are examples of evolving cyber threats to the national critical infrastructure in the region.
Some of the key players operating in the ICS security market are ABB, BAE Systems, Bayshore Networks, Belden, Cisco, Cyberbit, Dragos, Fortinet, General Electric, Honeywell, IBM, Kaspersky, Nozomi Networks, Rolloos, FireEye, McAfee, Claroty, Raytheon, Schneider Electric, SecurityMatters, Symantec, and Trend Micro.
Browse key industry insights spread across 300 pages with 304 market data tables & 31 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), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-control-systems-ics-security-market
Table of Contents (ToC) of the report:
Chapter 7. ICS Security market, By Application
7.1. Key trends, by application
7.2. Power and energy
7.2.1. Energy market estimates and forecast, by region, 2013-2024
7.3. Critical manufacturing
7.3.1. Critical manufacturing market estimates and forecast, by region, 2013-2024
7.4. Mining
7.4.1. Mining market estimates and forecast, by region, 2013-2024
7.5. Water utility
7.5.1. Water utility market estimates and forecast, by region, 2013-2024
7.6. Transportation
7.6.1. Transportation market estimates and forecast, by region, 2013-2024
7.7. Chemical
7.7.1. Chemical market estimates and forecast, by region, 2013-2024
7.8. Other applications
7.8.1. Other applications market estimates and forecast, by region, 2013-2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/industrial-control-systems-ics-security-market
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