Industrial Control Systems (ICS) Security Market Report by Component (Solution, Services), System Type (SCADA, DCS, PLC, and Others), Security Type (Network Security, Endpoint Security, Application Security, Database Security), Application (Manufacturing, Power & Energy, Mining, Water Utility, Transportation, and Others), and Region 2024-2032
The global industrial control systems (ICS) security market size reached US$ 21.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 40.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.19% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 21.3 Billion
Market Forecast in 2032
US$ 40.3 Billion
Market Growth Rate 2024-2032
7.19%
Industrial control systems (ICS) security refers to various practices employed to protect computer-controlled systems from cybersecurity threats. These systems are widely utilized in industrial processes to automate or remotely control product manufacturing, handling, and distribution. Some commonly used ICS security solutions include asset inventory and detection, vulnerability management, network intrusion protection and detection, endpoint detection and response, patch management, and user and access management. In recent years, ICS security solutions have gained traction across numerous industries, including automotive, power and utilities, oil and gas, chemical, food and beverage, and pharmaceuticals.
Industrial Control Systems (ICS) Security Market Trends:
ICS security solutions help safeguard the software and hardware that are used to operate machinery against cyberattacks without interrupting day-to-day operations. As a result, the escalating demand for secure ICS and the rising cyberattacks and network security threats represent the primary factors driving the market growth. Besides this, the widespread adoption of the Internet of Things (IoT) and automation technologies across various industries is augmenting the product demand. Additionally, the recent coronavirus disease (COVID-19) outbreak has accelerated the adoption of digital transformation strategies, which, in turn, has strengthened the need for security. Along with this, the increasing investments in smart grid deployment and the rising number of automated manufacturing facilities in the automotive sector are encouraging automakers to opt for ICS security solutions. Moreover, several leading players are focusing on research and development (R&D) activities to launch advanced product variants for enhanced protection against evolving cyberattacks. Other factors, including the increasing penetration of innovative technologies in industrial systems, surging production of electric vehicles (EVs), rapid industrialization, favorable government initiatives, and technological advancements, are also expected to create a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial control systems (ICS) securitymarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, system type, security type and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., AhnLab Inc., AO Kaspersky Lab, Belden Incorporated, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Claroty Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corporation, Palo Alto Networks Inc. and Siemens AG.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Component, System Type, Security Type, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
ABB Ltd., AhnLab Inc., AO Kaspersky Lab, Belden Incorporated, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Claroty Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corporation, Palo Alto Networks Inc., Siemens AG
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global Industrial Control Systems (ICS) security market was valued at US$ 21.3 Billion in 2023.
We expect the global Industrial Control Systems (ICS) security market to exhibit a CAGR of 7.19% during 2024-2032.
The growing demand for ICS security solutions to safeguard the software and hardware against cyberattacks and network security threats without interrupting day-to-day operations is primarily driving the global Industrial Control Systems (ICS) security market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of ICS security solutions, owing to the escalating adoption of digital transformation strategies to automate product manufacturing, handling, and distribution to combat the spread of the coronavirus infection upon human interaction.
Based on the component, the global Industrial Control Systems (ICS) security market can be categorized into solution and services. Currently, solution accounts for the majority of the global market share.
Based on the system type, the global Industrial Control Systems (ICS) security market has been segregated into SCADA, DCS, PLC, and others. Among these, SCADA currently holds the largest market share.
Based on the application, the global Industrial Control Systems (ICS) security market can be bifurcated into manufacturing, power & energy, mining, water utility, transportation, and others. Currently, the transportation sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global Industrial Control Systems (ICS) security market include ABB Ltd., AhnLab Inc., AO Kaspersky Lab, Belden Incorporated, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Claroty Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corporation, Palo Alto Networks Inc., and Siemens AG.
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