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The market size for industrial control systems (ICS) security was estimated to be USD 17,401.13 million in 2022 and is projected to grow to USD 29,190.0 million by 2030, at a CAGR of 8.92% from 2023 to 2030. The primary element behind the growth of the ICS security industry is the rise in severe government rules pertaining to CIP. On the other hand, the market's expansion can be hampered by a lack of knowledge regarding ICS security measures.
One of the most often used control systems is an industrial control system, which is primarily employed for the observation of industrial operations. A complicated network of interactive control systems made up of hundreds or thousands of connections can be used, or it can be made up of just a few controllers. These systems obtain data from distant sensors that monitor and assess process factors.
Growth Drivers
The industrial control systems (ICS) security market is expanding as a result of rising investments in digital technologies and industrial control systems to fulfil the escalating demand for industrial control systems safety goods and services. Several business sectors are changing on a global scale as a result of the developing technological environment. As a result, an integrated environment combining digital technology and industrial control systems has been created. Significant potential for M2M and IoT connectivity is now available. As a result, as digital technologies become more prevalent, industrial control systems become a collection of devices situated in a diverse environment that communicate with one another or with a system.
COVID-19 ANALYSIS
The COVID-19 epidemic has had a negative impact on the world economy. However, some companies gain from pandemic conditions. Due to the COVID-19 pandemic catastrophe, numerous governing bodies and regulatory agencies have issued directives requiring both public and private organisations to adopt new remote work policies and maintain social distance. Since then, the new business continuity strategy across numerous industrial verticals has been the digitization of business. Individuals and businesses are becoming more motivated to use digital technologies like ICS solutions as a result of the widespread use of BYOD devices, the WFH trend, the IoT, and internet penetration across critical industry verticals like manufacturing, oil & gas, and power grids. This has led to an increase in the demand for ICS security solutions to defend against cyber-attacks.
Report Coverage
Global Industrial Control Systems (ICS) Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Control Systems (ICS) Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Control Systems (ICS) Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Control Systems (ICS) Security market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Control Systems (ICS) Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Control Systems (ICS) Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cisco, ABB, Lockheed Martin, Fortinet, Honeywell, Palo Alto, BAE Systems, Raytheon, Fireeye, DarkTrace, Check Point, Kaspersky Labs, Airbus, Belden, Sophos, Cyberark, Claroty, Dragos, Nozomi Networks , Cyberbit
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Industrial Control Systems (ICS) Security market based on the below-mentioned segments:
Global Industrial Control Systems (ICS) Security Market, By Type
Global Industrial Control Systems (ICS) Security market, By Application
Global Industrial Control Systems (ICS) Security market, Regional Analysis
One of the most often used control systems is an industrial control system, which is primarily employed for the observation of industrial operations. A complicated network of interactive control systems made up of hundreds or thousands of connections can be used, or it can be made up of just a few controllers. These systems obtain data from distant sensors that monitor and assess process factors.
Growth Drivers
The industrial control systems (ICS) security market is expanding as a result of rising investments in digital technologies and industrial control systems to fulfil the escalating demand for industrial control systems safety goods and services. Several business sectors are changing on a global scale as a result of the developing technological environment. As a result, an integrated environment combining digital technology and industrial control systems has been created. Significant potential for M2M and IoT connectivity is now available. As a result, as digital technologies become more prevalent, industrial control systems become a collection of devices situated in a diverse environment that communicate with one another or with a system.
COVID-19 ANALYSIS
The COVID-19 epidemic has had a negative impact on the world economy. However, some companies gain from pandemic conditions. Due to the COVID-19 pandemic catastrophe, numerous governing bodies and regulatory agencies have issued directives requiring both public and private organisations to adopt new remote work policies and maintain social distance. Since then, the new business continuity strategy across numerous industrial verticals has been the digitization of business. Individuals and businesses are becoming more motivated to use digital technologies like ICS solutions as a result of the widespread use of BYOD devices, the WFH trend, the IoT, and internet penetration across critical industry verticals like manufacturing, oil & gas, and power grids. This has led to an increase in the demand for ICS security solutions to defend against cyber-attacks.
Report Coverage
Global Industrial Control Systems (ICS) Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Control Systems (ICS) Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Control Systems (ICS) Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Control Systems (ICS) Security market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cisco, ABB, Lockheed Martin, Fortinet, Honeywell, Palo Alto, BAE Systems, Raytheon, Fireeye, DarkTrace, Check Point, Kaspersky Labs, Airbus, Belden, Sophos, Cyberark, Claroty, Dragos, Nozomi Networks , Cyberbit |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Control Systems (ICS) Security Market from 2021 to 2030.
- Market Forecast for Industrial Control Systems (ICS) Security Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Control Systems (ICS) Security competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Control Systems (ICS) Security
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Control Systems (ICS) Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Control Systems (ICS) Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cisco, ABB, Lockheed Martin, Fortinet, Honeywell, Palo Alto, BAE Systems, Raytheon, Fireeye, DarkTrace, Check Point, Kaspersky Labs, Airbus, Belden, Sophos, Cyberark, Claroty, Dragos, Nozomi Networks , Cyberbit
Primary Target Market
- Market Players of Industrial Control Systems (ICS) Security
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Industrial Control Systems (ICS) Security market based on the below-mentioned segments:
Global Industrial Control Systems (ICS) Security Market, By Type
- Services
- Hardware
- Software
Global Industrial Control Systems (ICS) Security market, By Application
- Data Centers, Power Generation
- Power Transmission & Distribution
- Oil & Gas
- Commercial Buildings
- Others
Global Industrial Control Systems (ICS) Security market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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