Industrial Control System (ICS) Security Market Outlook and Forecast 2023: Growth Factors, Trends, Top Companies Analysis

Industrial Control System (ICS) Security Market, By Solution (UTM, DDOS, Data Loss Prevention), By Control System Type (SCADA, DCS), By Service (Risk Management, Managed Support), By Vertical (Energy & Power, Manufacturing, Oil & Gas) - Global Forecast 2023

Market Highlights
Regional analysis for ICS Security Market is studied in different geographic regions such as North- America, Europe, Asia-Pacific and Rest of the World. North America has acquired largest market share due to growth in DCS ICS security software market. DCS systems control and monitor the overall industrial environment managing and maintaining all the operations performed in industries which has led to increase in demand for DCS security. Europe is estimated to be the fastest growing market due to growth in implementation of SCADA security systems. The increase in demand for the renewable energy resources and high capital investments in infrastructure have enhanced the growth of SCADA market.

The Industrial Control System (ICS) Security Market is growing rapidly over 6% of CAGR and is expected to reach at USD ~16 billion by the end of forecast period.

ICS Security Market Players:
• Cisco Systems Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Juniper Networks Inc. (U.S.)
• Siemens AG (Germany)
• Rockwell Automation Inc. (U.S.)
• Tofino Security Inc. (Canada)
• Trend Micro Inc. (Japan)
• Check Point Software Technologies Ltd. (U.S.)
• ABB Ltd. (U.K.)

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Industrial Control System (ICS) Security Market Segmentation
The industrial control system (ICS) security market has been segmented on the basis of solution, control system type, service and vertical. The control system type segment consists SCADA, DCS and PLC. By SCADA segment, SCADA systems are increasingly being targeted by the hackers involved in terrorism and cyber warfare. In order to prevent this, ICS security integrates industry specific security intelligence with networking that allows remote access without opening the control box. It provides higher reliable and longer life cycle appliances designed for prevention from harsh environments. It also provides simple deployment and management with tightly integrated security and networking.

Market Research Analysis:
There has been tremendous growth in industrial control system security market. The benefits obtained by this system include increased health and safety, minimization of threats and protection of assets. The ability of understanding the environment in which the workers are dispatched gives them an advantage to ensure safety. The ability to reduce threat whenever there is a failure which prevents the system from the attacker. Assets can be protected by using ICS security which is the key function for all industrial control systems to monitor the industrial operation.

Regional analysis for industrial control system (ICS) security market is studied in different geographic regions as North America, Europe, Asia-Pacific and Rest of the World. The study reveals that North America has acquired the largest market share in industrial control system (ICS) security market due to increase in demand for implementation of authentication systems that led to the development of multifactor authentication that uses two or more authentication methods to authorize access. Asia-Pacific market is slowly dominating the market for this system due to increase in demand for internet of things (IoT) in industries. The demand for this technology has enhanced the demand for ICS security in industries during the manufacturing process.

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Intended Audience
Consulting firms
Government organizations
IT industry
Security service providers
Security service vendors
Research organizations
Technology end users

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Release ID: 205773