Industrial Control Systems (ICS) Security Market

Market Overview:

The global industrial control systems (ICS) security market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

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) security market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, system type, security type and application.

Breakup by Component:

• Solution
• Services
   

Breakup by System Type:

• SCADA
• DCS
• PLC
• Others
   

Breakup by Security Type:

• Network Security
• Endpoint Security
• Application Security
• Database Security
   

Breakup by Application:

• Manufacturing
• Power & Energy
• Mining
• Water Utility
• Transportation
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

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: