Business Market Updates Top Stories World News

Best Market Research on Industrial Control Systems (ICS) Security Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025

Press Release

Trusted Business Insights presents the Updated and Latest Study on Industrial Control Systems (ICS) Security Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

Get Sample Copy of this Report @ WorldWide Industrial Control Systems (ICS) Security Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025

Abstract, Snapshot, Market Analysis & Market Definition: Industrial Control Systems (ICS) Security Market
Industry / Sector Trends

ICS Security Market size crossed USD 1.5 billion in 2017, growing at a CAGR of 20% from 2018 to 2024.

Europe ICS Security Market Size, By Region, 2017 & 2024 (USD Million)

The ICS security market growth is due to rising attacks on industrial computer systems, which can cause huge material loss and production downtime. In 2016, the U.S. had the highest number of internet-accessible ICS components measuring up to 66,500, followed by Germany and France with nearly 13,200 and 7,700 components. ICS is widely used to monitor complex and critical industrial processes for providing power, transport, manufacturing, and other important services. Thus it becomes very important to protect these systems from network vulnerabilities such as phishing, DDoS attacks, and ransomware. Government agencies globally have introduced various regulatory policies & standards to ensure high levels of security to protect critical infrastructure from cyberattacks. For instance, the International Society of Automation (ISA) in 2007 introduced the ISA 99/IEC 62443 standard for securing ICS in operational technology.

ICS Security Market, By Security Type

The application security segement is projected to exhibit accelerated growth between 2018 and 2024. Application security involves the use of hardware, software, and other methods to protect applications from cyberattacks. Software applications and internet-enabled devices are integrated into ICS, which have increased the risk of system vulnerabilities. As the applications are becoming widely accessible over the internet, the demand for application security solutions will increase to protect sensitive information and organizations from the costs of cybercrime.

ICS Security Market, By Component

UK Industrial Control Systems (ICS) Security Market Size, By Component, 2017 & 2024 (USD Million)

The virtualization security market is projected to witness an accelerated growth from 2018 to 2024 due to the rising adoption of network virtualization technologies, such as Software-Defined Networking (SDN) and Network Functional Virtualization (NFV), among enterprises to increase scalability and reliability. As the use of virtualization technologies is increasing, organizations are starting to realize the need to eliminate potential vulnerabilities and meet audit requirements.

The managed services segment in ICS security market is expected to hold a significant market share by 2024 as managed service providers enable companies to minimize the risk of cybercrime and enhance the security of their critical industrial systems and network infrastructure. Rising inclination toward cloud platforms to meet workplace requirements will also accelerate the need for managed services to ensure effective management of an organizations network systems.

Market Segmentation, Outlook & Regional Insights: Industrial Control Systems (ICS) Security Market

Industrial Control Systems (ICS) Security Market, By Application

The manufacturing ICS security market is expected to show lucrative growth over the forecast timeline due to the rising number of cyberattacks targeted at the manufacturing companies. Increased adoption of Internet of Things (IoT), sensors, and analytics has transformed the manufacturing sector and increased the risk of cyberattacks on critical machinery components. The main motive behind the attacks on the sector is financial gain and industrial espionage. The complexity of manufacturing plants and systems also add challenges to the cybersecurity management. This fuels the demand for implementation of security frameworks and solutions to safeguard industrial assets.

Industrial Control Systems Security Market, By Region

APAC ICS Security Industry Size, By Country, 2017 & 2024 (USD Million)

The Asia Pacific ICS security market is estimated to exhibit a robust growth rate from 2017 to 2024 due to the rising number of cyberattacks on ICS in countries including China, India, and Japan. The Ministry of Internal Affairs and Communications, Government of Japan disclosed that there were 128 billion cyberattacks on the nations critical infrastructure in 2016 registering a 2.4-fold increase compared to the previous year. As the organizations are losing huge amounts of data due to cyberattacks, the companies are adopting ICS security systems in their systems and entering into partnerships to develop new security solutions. For example, in June 2018, Tech Data entered into a partnership with Cyberbit to offer it SCADA security, ICS cybersecurity, training, and simulation program to its customers. Both the companies will work together to curb the growing cyberattacks and provide better value to their customers.

Key Players, Recent Developments & Sector Viewpoints: Industrial Control Systems (ICS) Security Market

Companies present in the industrial control systems (ICS) security market are focusing on partnerships and new product developments to cater to the security needs of enterprise customers. For instance, in September 2017, Honeywell Process Solutions (HPS) invested in a cybersecurity innovation center developed for the Asia Pacific region in Singapore. This new research lab provides advanced cybersecurity services to assist users to decrease the risk of cybercrimes and improve their security posture. In March 2017, Delek Pi Glilot, a leading energy company in Israel selected Cyberbit to protect critical infrastructure against cyberattacks. The company selected Cyberbits SCADAShield solution to protect its ICS/SCADA networks.

Some of the key players operating in the market are BAE Systems, Kaspersky, ABB, Cyberbit, Belden, Dragos, SecurityMatters, Honeywell, Rolloos, Raytheon, Cisco, Trend Micro, IBM, Schneider Electric, FireEye, Fortinet, Symantec, General Electric, Claroty, Nozomi Networks, McAfee, and Bayshore Networks.

Industry ViewpointIndustrial sectors including power & energy, manufacturing, and marine rely heavily on their complex industrial processes and systems to accomplish day-to-day tasks. This seeks the attention of hackers and intruders to gain access to such systems for obtaining business-critical information for their monetary benefits. Protecting such critical infrastructure from cyberattacks has become a major concern for the industries to prevent huge loss. This facilitates the need to adopt stringent security policies and solutions to safeguard industrial assets from cyberattacks

What are the Key Insights Covered: Exhaustive Industrial Control Systems (ICS) Security Market
1. Market size (sales, revenue and growth rate) of Industrial Control Systems (ICS) Security industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Industrial Control Systems (ICS) Security industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Industrial Control Systems (ICS) Security industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Industrial Control Systems (ICS) Security industry.

Research Methodology: Industrial Control Systems (ICS) Security Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.


Quick Read Table of Contents of this Report @ WorldWide Industrial Control Systems (ICS) Security Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025


Trusted Business Insights
Shelly Arnold
Media & Marketing Executive
Email Me For Any Clarifications
US: +1 646 568 9797
UK: +44 330 808 0580

This post was originally published on Downey Magazine