About Industrial Control Systems Security Solutions
An Industrial Control System (ICS) is a system that supports wide industrial processes with a broad class of control networks. Due to the technology advancement, organizations are rapidly deploying frameworks and networks for remote staff to conduct their operations. Cybercriminals taking undue advantage of that situation and this increases the need for security solutions. Therefore, industrial control system security solutions taking active measures to prevent intrusion from cybercriminals by scanning and filtration electronic communication. Industrial control system security solution offering products that consolidate secure-by-design principles into robotization and control the framework. The significant piece of secure-by-design principles is the port locking feature and unique designs. Therefore, companies are trying to provide verified models to develop a reliable security system solution.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The leading companies in the market, to avail competitive advantage, innovate the security architecture in order to solve critical security posture challenges by working cross-functionally. The companies also make new acquisitions, collaborations with companies in the security systems to discover and develop new security solutions with the combination of technologies and manage overall security concerns. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Industrial Control Systems Security Solutions market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Rockwell Automation (United States), Honeywell (United States), Check Point Software (Israel), GE (United States), Cisco (United States), Symantec (United States), Belden (United States), Mcafee (United States) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BAE Systems (United Kingdom), Fireeye (United States), Nozomi Networks (United States), Fortinet (United States) and Cyberark (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Control Systems Security Solutions market by Type (Network Security, Endpoint Security, Application Security, Database Security and Others), Application (Power, Energy and Utilities, Transportation Systems, Manufacturing and Others) and Region.
On the basis of geography, the market of Industrial Control Systems Security Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increase in adoption of AI, IoT, and machine learning-based technology and Increase adoption of digital data in various applications by small and medium scale industries
Market Growth Drivers:
Increase in the cybersecurity attacks by cybercriminals and Growing governments’ investments in security solutions to tackle the security breaches
Challenges:
Lack of awareness about cyber attacks and Lack of availability of trained professionals
Restraints:
Complexities in installing and maintaining the security system and High cost of maintaining and managing the security system
Opportunities:
Development of advanced security solutions that assists tackle each cyber attack and Development of security infrastructure in emerging countries
Market Leaders and their expansionary development strategies
In June 2021, Cisco a worldwide leader in technology that powers the Internet completed an acquisition of Kenna Security Inc., a player in risk-based vulnerability management in order to assist the customer to detect threats quickly and reduce attacks. Also to solve critical security posture and make automated predictions, prioritization of security threats.
In February 2020, Cisco Systems, Inc. launched a complete security architecture for Industrial IoT (IIoT) in Dubai, UAE. The Cisco Cyber Vision delivers innovative anomaly real-time threat detection, and Cisco’s Edge Intelligence offers data governance from IoT edge to multi-cloud.
Key Target Audience
Service Providers, Industry Association, IT Industry, Government Regulatory Bodies and Private Research Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.