Global $18.05 Bn Industrial Control Systems (ICS) Security Market to 2023
DUBLIN, Sept. 7, 2018 /PRNewswire/ --
The "Industrial Control Systems (ICS) Security Market by Solution, Service, Security Type, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global Industrial Control Systems (ICS) security market is expected to grow from USD 13.20 billion in 2018 to USD 18.05 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period.
The ICS security market growth is driven by various factors, including huge investments by organizations in Industry 4.0, convergence of Information Technology (IT) and Operational Technology (OT), and rise in the number of cyber threats on the critical infrastructure. However, growing concerns about power outage, due to frequent security updates, and legacy ICS being more prone to cyber-attacks may hinder the growth of the market.
The encryption solution is expected to be the fastest growing segment in the ICS security market. The ICS security market by solution has been segmented into antimalware/antivirus, Distributed Denial of Service (DDoS) mitigation, encryption, firewall, Identity and Access Management (IAM), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), security and vulnerability management, security configuration management, Security Information and Event Management (SIEM), whitelisting, and others. Encrypting ICS helps mitigate common attacks, such as data thefts and DDoS attacks, and provides high reliability, performance, and availability of the network on-demand.
Companies in the energy and utilities vertical are adopting next-generation ICS security solutions and services to safeguard the industrial network, endpoint, application, data, and cloud environment. Energy and utilities plants and organizations are highly prone to cyber-attacks and physical attacks. Any cyber-attack can bring down the entire plant and result in health hazards, environmental hazards, and huge financial loss.
On the other hand, the manufacturing vertical is expected to grow at the highest CAGR during the forecast period. The growth in the manufacturing vertical in the ICS security market can be attributed to the increasing cyber-attacks on critical manufacturing industries, such as automotive, chemical, and mining.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Industrial Control Systems Security Market
4.2 Market By Component, 2018-2023
4.3 Market By Service, 2018-2023
4.4 Market By Vertical and Region
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Huge Investments By Organizations in Industry 4.0
5.1.1.2 Convergence of IT and OT
5.1.1.3 Rise in Cyber Threats on Critical Infrastructure
5.1.2 Restraints
5.1.2.1 Power Outage Due to Frequent Security Updates
5.1.2.2 Legacy ICS Being More Prone to Cyber-Attacks
5.1.3 Opportunities
5.1.3.1 Rise in Cloud-Based Scada Systems
5.1.3.2 Reliance of ICS on Big Data Analytics
5.1.3.3 Strategic Partnerships Between ICS Security and Cyber Insurance Vendors
5.1.4 Challenges
5.1.4.1 Lack of Awareness About ICS Security
6 Industrial Control Systems Security Market, By Solution
6.1 Introduction
6.2 Antimalware/Antivirus
6.3 Distributed Denial of Service Mitigation
6.4 Encryption
6.5 Firewall
6.6 Identity and Access Management
6.7 Intrusion Detection System/Intrusion Prevention System
6.8 Security and Vulnerability Management
6.9 Security Configuration Management
6.10 Security Information and Event Management
6.11 Whitelisting
6.12 Others
7 Industrial Control Systems Security Market, By Service
7.1 Introduction
7.2 Consulting and Integration Services
7.3 Support and Maintenance Services
7.4 Training and Development Services
7.5 Incident Response Services
7.6 Managed Security Services
8 Market Analysis By Security Type
8.1 Introduction
8.2 Network Security
8.3 Endpoint Security
8.4 Application Security
8.5 Database Security
9 Industrial Control Systems Security Market By Vertical
9.1 Introduction
9.2 Power
9.2.1 Nuclear Power Plants
9.2.2 Thermal and Hydropower Plants
9.2.3 Renewable Energy Power Plants
9.2.4 Power Grid
9.3 Energy and Utilities
9.3.1 Oil and Gas
9.3.2 Electric Power Transmission
9.3.3 Water Treatment and Distribution
9.3.4 Wastewater Collection and Treatment
9.4 Transportation Systems
9.4.1 Airports
9.4.2 Seaports
9.4.3 Railways
9.4.4 Others
9.5 Manufacturing
9.5.1 Chemicals and Materials
9.5.2 Automotive
9.5.3 Mining Units
9.5.4 Paper and Pulp
9.5.5 Others
9.6 Others
9.6.1 Commercial Buildings
9.6.2 Communication Systems
9.6.3 Healthcare
9.6.4 Others
10 Industrial Control Systems Security Market, By Region
11 Competitive Landscape
11.1 Overview
11.2 Competitive Situations and Trends
12 Company Profiles
12.1 Introduction
12.2 ABB
12.3 Check Point Software Technologies
12.4 Cisco
12.5 Honeywell
12.6 Mcafee
12.7 Belden
12.8 Baker Hughes, A Ge Company
12.9 Fireeye
12.10 Fortinet
12.11 Kaspersky Lab
12.12 Airbus
12.13 BAE Systems
12.14 Bayshore Networks
12.15 Cyberark
12.16 Cyberbit
12.17 Indegy
12.18 Nozomi Networks
12.19 Palo Alto
12.20 Positive Technologies
12.21 Rockwell Automation
12.22 Schneider Electric
12.23 Securitymatters
12.24 Sophos
12.25 Symantec
12.26 Waterfall Security Solutions
12.27 Dragos
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