Global Industrial Control Systems (ICS) Security Market, By Solution (Antimalware/Antivirus, Distributed Denial of Service Mitigation, Encryption, Firewall, Identity and Access Management, Intrusion Detection System/Intrusion Prevention System, Security and Vulnerability Management, Security Configuration Management, Security Information and Event Management, Whitelisting, Others), Service (Consulting and Integration Services, Support and Maintenance Services, Training and Development Services, Incident Response Services, Managed Security Services), Security Type (Network Security, Endpoint Security, Application Security, Database Security), System Type (SCADA, DCS, PLC, Others), Vertical (Power, Energy and Utilities, Transportation Systems, Manufacturing, Others) - Industry Trends and Forecast to 2030.
Industrial Control Systems (ICS) Security Market Analysis and Size
There have been increased hacker groups attempting to access industrial networks, further increasing the usage of ICS security, which is expected to drive market growth. Furthermore, new technologies have resulted in the development of large amounts of data, which has increased demand for ICS security, hence propelling the market growth over the forecasted period.
The industrial control systems (ICS) security market was valued at USD 10.91 billion in 2022 and is expected to reach USD 18.01 billion by 2030, registering a CAGR of 6.60% during the forecast period of 2023 to 2030. The "network security" accounts for the largest security type segment in the industrial control systems (ICS) security market, owing to the surging demand for protecting the integrity and usability of the data and network connecting different industrial applications. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Industrial Control Systems (ICS) Security Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023-2030
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Solution (Antimalware/Antivirus, Distributed Denial of Service Mitigation, Encryption, Firewall, Identity and Access Management, Intrusion Detection System/Intrusion Prevention System, Security and Vulnerability Management, Security Configuration Management, Security Information and Event Management, Whitelisting, Others), Service (Consulting and Integration Services, Support and Maintenance Services, Training and Development Services, Incident Response Services, Managed Security Services), Security Type (Network Security, Endpoint Security, Application Security, Database Security), System Type (SCADA, DCS, PLC, Others), Vertical (Power, Energy and Utilities, Transportation Systems, Manufacturing, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Cisco Systems, Inc. (U.S.), ABB (Switzerland), Lockheed Martin Corporation (U.S.), Fortinet Inc, (U.S.), Honeywell International Inc. (U.S.), Palo Alto Networks (U.S.), BAE Systems (U.K.), Raytheon Technologies (U.S.), Fireeye (U.S.), DarkTrace (U.K.), Check Point Software Technologies Ltd. (Israel), Kaspersky Labs (Russia), Airbus (France), Belden (U.S.), Sophos (U.K.), Cyberark (U.S.), Claroty (U.S.), Dragos (U.S.), Nozomi Networks Inc., (U.S.), Cyberbit (Israel), Forescout (U.S.), Radiflow (U.S.), Verve industrial protection (U.S.) and Positive Technologies (Russia)
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Market Opportunities
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Market Definition
Industrial control systems (ICS) security is basically a distributed control systems and smaller control systems using programmable logic controllers to control localized processes. Supervisory control and data acquisition systems are used to control geographically dispersed assets, while distributed control systems and smaller control systems using programmable logic controllers are used to control locally dispersed assets.
Global Industrial Control Systems (ICS) Security Market Dynamics
Driver
- Increased Requirement Industrial Control Systems (ICS) Security
The growing number of cyber threats on critical infrastructure is projected to be the most significant factor driving the growth for this market. In addition, the rising need of ICS in big data analytics is also estimated to bolster the market's overall growth.
The major element driving the market's growth is the stringent government regulations related to CIP to boost the adoption of ICS security solutions. Furthermore, the increase in disposable income and the increase in purchasing power among the consumers fuel the market growth. The increase in industrial automation and virtualization also cushions the market's growth within the forecasted period.
Opportunity
- Investments and Convergence of IT and OT Systems
The research and development investments by governments and enterprises to develop robust ICS security solutions for the protection of critical infrastructure are estimated to generate lucrative opportunities for the market, which will further expand the industrial control systems (ICS) security market's growth rate in the future. In addition, the convergence of IT and OT systems to fuel the growth of ICS security will also offer numerous growth opportunities within the market.
Restraints/Challenges
- High Cost
The high procurement costs of ICS security solutions are expected to obstruct market growth. The low collaboration between public and private sectors, lack of awareness about ICS security techniques, and the lack of trained security analysts to analyze ICS systems will restraint the growth of the market.
- Complications of ICS Security Solutions
Also, the various complications associated with the maintenance and upgradation of ICS security solutions is projected to be challenge for the industrial control systems (ICS) security market over the forecast period.
This industrial control systems (ICS) security market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial control systems (ICS) security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2021, the acquisition of a majority share in Chargedot Shanghai New Energy Technology Co., Ltd. by ABB has been finalised. ABB claims that the acquisition would broaden its product line beyond industrial and collaborative robot arms to include AMRs. ASTI solutions currently generate $50 million in revenue per year, with a 30% annual growth rate. Thanks to the ABB sales and partner network, ASTI's global reach will now be expanded from 20 to 53 firms, including China.
Global Industrial Control Systems (ICS) Security Market Scope
The industrial control systems (ICS) security market is segmented on the basis of solution, service, security type, system type and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Solution
- Antimalware/Antivirus
- Distributed Denial of Service Mitigation
- Encryption
- Firewall
- Identity and Access Management
- Intrusion Detection System/Intrusion Prevention System
- Security and Vulnerability Management
- Security Configuration Management
- Security Information and Event Management
- Whitelisting
- Others
Service
- Consulting and Integration Services
- Support and Maintenance Services
- Training and Development Services
- Incident Response Services
- Managed Security Services
Security Type
- Network Security
- Endpoint Security
- Application Security
- Database Security
System Type
- SCADA
- DCS
- PLC
- Others
Vertical
- Power
- Energy and Utilities
- Transportation Systems
- Manufacturing
- Others
Global Industrial Control Systems (ICS) Security Market Region Analysis/Insights
The industrial control systems (ICS) security market is analyzed and market size insights and trends are provided by solution, service, security type, system type and vertical as referenced above.
The countries covered in the industrial control systems (ICS) security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the industrial control systems (ICS) security market because of the due to the prevalence of improved infrastructure and adoption of advanced technology within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the growing number of cybercrimes along with acceptance of ICS security system in various organizations within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Industrial Control Systems (ICS) Security Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to industrial control systems (ICS) security market.
Some of the major players operating in the industrial control systems (ICS) security market are
- Cisco Systems, Inc. (U.S.)
- ABB (Switzerland)
- Lockheed Martin Corporation (U.S.)
- Fortinet Inc, (U.S.)
- Honeywell International Inc. (U.S.)
- Palo Alto Networks (U.S.)
- BAE Systems (U.K.)
- Raytheon Technologies (U.S.)
- Fireeye (U.S.)
- DarkTrace (U.K.)
- Check Point Software Technologies Ltd. (Israel)
- Kaspersky Labs (Russia)
- Airbus (France)
- Belden (U.S.)
- Sophos (U.K.)
- Cyberark (U.S.)
- Claroty (U.S.)
- Dragos (U.S.)
- Nozomi Networks Inc., (U.S.)
- Cyberbit (Israel)
- Forescout (U.S.)
- Radiflow (U.S.)
- Verve industrial protection (U.S.)
- Positive Technologies (Russia)
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