Industrial Control Systems Security Solutions Market, By Component, (Solution, Services), By Solution, (Anti-malware/Antivirus, DDoS Mitigation, Encryption, Firewall, IAM, IDS/IPS, Security and vulnerability management, Security configuration management, SIEM, Whitelisting, Others) By Security type, (Network Security, Endpoint Security, Application Security, Database Security), By Vertical, (Power, Energy, and Utility, Transportation Systems, Manufacturing, Other verticals), By Region – Global Analysis Forecast Till 2030

The Global Industrial Control Systems Security Solutions market is anticipated to cross a US$ 56.2 Bn by 2030, expanding at a CAGR of 12.1% during the forecast period.

The industrial control system (ICS) security market is growing significantly due to massive investments by countries across the globe in smart technologies and increasing cyber risks such as Stuxnet and Night Dragon. Growing smart grid deployment, cloud computing for critical infrastructure protection, and rising industry spending on industrial control systems are some of the factors creating ample opportunities for the industrial control system market to grow in the future.

Cyberattacks such as Dugu and Flame have been on the rise worldwide over the past few years and have impacted critical infrastructure, disrupted pipelines, and significantly destroyed energy efficiency and power grids. Infrastructure is becoming more vulnerable to high risks due to the increased use of data communication systems, complex IT systems, and control and command systems.

Market Dynamics:

Drivers:

One of the major factors driving the growth of the industrial control systems market is the deployment of cloud, smartphones, and tablets in Supervisory Control and Data Acquisition (SCADA) and ICS. Compliance with regulations set by governments of various countries for the operation, maintenance, and security of critical infrastructure is also supporting the growth of the industrial control system market to some extent.

Restraints:

Lack of expertise and ICS understanding, operators' lack of concern about network security, and the existence of legacy control systems that are more vulnerable to cyber threats are some of the factors limiting the growth of the industrial control systems market.

Key players:

• Cisco (US),

• ABB (Switzerland),

• Lockheed Martin (US),

• Fortinet (US),

• Honeywell (US),

• Palo Alto (US),

• BAE Systems (UK),

• Raytheon (US),

• Fireeye (US),

• DarkTrace (UK),

• Check Point (Israel),

• Kaspersky Labs (Russia),

• Airbus (France),

• Belden (US),

• Sophos (UK),

• Cyberark (US),

• Claroty (US),

• Dragos (US),

• Nozomi Networks (US),

• Cyberbit (Israel),

• Forescout (US),

• Radiflow(US),

• Verve industrial protection (US),

• Applied security (Netherlands),

• Positive technologies (Russia).

Market Segmentation:

Industrial Control Systems Security Solutions Market, By Component

• Solution

• Services

Industrial Control Systems Security Solutions Market, By Solution

• Anti-malware/Antivirus

• DDoS Mitigation

• Encryption

• Firewall

• IAM

• IDS/IPS

• Security and vulnerability management

• Security configuration management

• SIEM

• Whitelisting

• Others

Industrial Control Systems Security Solutions Market, By Security type

• Network security

• Endpoint Security

• Application Security

• Database security

Industrial Control Systems Security Solutions Market, By Vertical

• Power

• Energy and Utility

• Transportation Systems

• Manufacturing

• Other verticals

Industrial Control Systems Security Solutions Market, By Region

• North America

  • US

  • Canada

• Europe

  • UK

  • Germany

  • Rest of Europe

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of Asia Pacific

• Middle East and Africa

  • Middle East

  • Africa

• Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

Regional Analysis:

It analyzes the industrial control systems security solutions market and provides market size insights and trends by country, solution, service, security type, system type, and vertical referenced above.

Countries covered in the industrial control systems security solutions market report are the United States, Canada, and Mexico in North America, Germany, France, the United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia Pacific (APAC) Asia Pacific (APAC), Saudi Arabia, UAE, Israel, Egypt, South Africa, MEA (rest of Middle East and Africa) ) is part of MEA (Middle East and Africa), Brazil, Argentina and parts of South America are parts of South America.

The market for industrial control system (ICS) security is dominated by North America as a result of the region's widespread adoption of cutting-edge technologies and better infrastructure.

Asia Pacific is expected to witness significant growth during the forecast period of 2022 to 2030 owing to the acceptance of ICS security systems by various organizations in the region and an increasing number of cybercriminals.

Scope of the Report:

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