New York, NY -- (SBWire) -- 03/30/2019 --The Industrial Control Systems Security market is expected to grow from USD 12.7 billion in 2018 to USD 19.3 billion by 2026, at a CAGR of 6.5% during the forecast period. Increasing adaption of forth industrial revolution, which includes, cyber-physical systems, the Internet of things, cloud computing and cognitive computing, integration of information technology and operational technology, increasing concerns regarding cyber threats, such as Dugu, Ransomware and Flame, growth of deployment of industrial control systems, increasing demand for cloud based SCADA/HMI/DCS solutions, adoption of smart grid technology, a 2-way digital communication used to supply electricity to the consumers, increasing demand for big data analytics security and collaborations between ICS security and cyber insurance vendors are some of the driving factors of the market.
Frequent security updates absorbing more power, ICS being prone to security breaches and lack of awareness may be the major restraining factors for the ICS security market.
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The major players covered in this Industrial Control Systems Security market report are Sophos (US), Check Point Software (Israel), ABB (Switzerland), Cisco (US), McAfee (US), Honeywell (US), FireEye (US), Fortinet (US), Kaspersky Lab (Russia), BHGE (US), Belden (US), BAE Systems (UK), Airbus (France), Bayshore Networks (US), CyberArk (US), Dragos (US), Cyberbit (Israel), Indegy (US), Palo Alto Networks (US), Nozomi Networks (US), Rockwell Automation (US), Positive Technologies (US), SecurityMatters (Netherlands), Schneider Electric (France), Symantec (US), and Waterfall Security Solutions (Israel)
Knowing the trends influencing the Industrial Control Systems Security industry performance
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Market split by Security type, can be divided into:
- Network Security
- Endpoint Security
- Application Security
- Database Security
Market split by Component, can be divided into:
Solution
- 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
- Others (Honeypots/Deception Technology Platforms, Security Patch Management, and Web Filtering)
Services
- Consulting and Integration Services
- Support and Maintenance Services
- Training and Development Services
- Incident Response Services
- Managed Security Services
Market split by Industry vertical, can be divided into:
- Power
- Energy and Utilities
- Transportation Systems
- Manufacturing
- Commercial Buildings
- Communication Systems
- Healthcare
- Others (Remote Surveillance, Weather Forecasting Systems, Emergency Response Systems, and Postal Systems)
Geographically, this Industrial Control Systems Security market report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Further key findings from the report suggest:
- The major contributing factors for the growth of the market for Industrial Control Systems Security can be increasing adaption of forth industrial revolution, which includes, cyber-physical systems, the Internet of things, cloud computing and cognitive computing, integration of information technology and operational technology, increasing concerns regarding cyber threats, such as Dugu, Ransomware and Flame, growth of deployment of industrial control systems, increasing demand for cloud based SCADA/HMI/DCS solutions, adoption of smart grid technology, a 2-way digital communication used to supply electricity to the consumers, increasing demand for big data analytics security and collaborations between ICS security and cyber insurance vendors
- The Industrial Control Systems Security market is segmented by security type into network security, endpoint security, application security and database security. The network security type is expected to witness highest growth, at a CAGR of 6.6% during the forecast period, due to excessive use of cloud, mobiles, tablets globally, which makes the network systems more prone to cyber-attacks and network hacking.
- The Industrial Control Systems Security Market is segmented by component into solutions and services. The solutions segment is expected to grow with the highest CAGR of 6.8% during the forecast period, due to growth of the encryption solutions sub-segment. Encryption solutions deals with data protection in industries, which is prone to more data thefts and DDoS attacks. Further, the growth of services segment will be driven by the incident response services, since it majorly deals with terrorist and cyber-attacks.
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Key Points from TOC:
Chapter 9. Company Profiles
9.1. ABB
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.2.1. Revenue
9.1.2.2. Price
9.1.2.3. Gross Margin
9.1.3. Type Benchmarking
9.1.4. Strategic Initiatives
9.2. Check Point Software Technologies
9.3. Cisco
9.4. Honeywell
9.5. Mcafee
9.6. Belden
Continued…
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Industrial Control Systems Security Market Report 2018- 2026 by Top Players: Sophos, Honeywell, ABB, Cisco, McAfee, FireEye, Symantec
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