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Industrial Control Systems (ICS) Security Market Analysis

  • Report ID: GMI2680
  • Published Date: Jun 2024
  • Report Format: PDF

Industrial Control Systems Security Market Analysis

Based on security, the industrial control system security market is divided into network security, application security, endpoint security, database security. The network security segment is expected to cross USD 12 billion by 2032. As industrial activities increasingly integrate digital technologies, the risk of cyber threats to critical infrastructure has increased. Given the role they play in the management of critical infrastructure such as energy, water, and manufacturing, maintaining the security of ICS networks is of utmost importance.
 

By targeting these networks, cyberattackers can cause significant damage, lose money, and even threaten public safety. As a result, organizations are investing heavily in advanced network security solutions tailored to ICS environments. These include firewalls, intrusion detection systems, and secure networks. Increasing awareness of vulnerabilities and the potential impact of cyberattacks is driving the market, emphasizing the need for advanced and sensitive networks.
 

Industrial Control Systems Security Market Share, By Component, 2023

Based on component, the ICS security market is categorized into solutions and services. The OEM segment held a major market share of around 79% in 2023. As cyber threats become more sophisticated, the need for advanced security solutions in ICS has increased. Leading companies are developing comprehensive solutions, including next-generation firewalls, intrusion detection systems, and specialized anti-virus software designed to protect critical infrastructure.
 

Additionally, the combination of AI and machine learning enhances threat detection and response capabilities, providing advanced security measures. Cloud-based blockchain technology is also being adopted to provide a scalable, flexible, and secure ICS environment. These cutting-edge solutions address the unique challenges of securing industrial networks, driving market growth as organizations invest in protecting their operations from evolving cyber threats shell. The focus on robust and unique solutions underscores the critical importance of ICS security to maintain operational integrity.
 

North America ICS Security Market Size, 2022-2032 (USD Billion)

North America dominated the global industrial control systems (ICS) security market with a share of over 35% in 2023. As industries such as energy, manufacturing, and water sectors adopt digital technologies, the vulnerability of ICS to cyberattacks has increased, resulting in the growing demand for advanced security solutions. Stringent regulatory frameworks in North America, including guidelines from agencies such as NIST and CISA, mandate stricter security measures, further increasing market demands. Advanced industrial processes and a significant combination of factors are driving increased investment in ICS defense across North America.
 

The US is seeing an increasing demand for industrial control systems security market due to the escalating need to protect its critical infrastructure from cyber threats. Primary industries such as energy, manufacturing, and utilities are increasingly targeted by sophisticated cyberattacks, creating an urgent need for robust security solutions in the US. Stringent government regulations and policies, including guidelines from agencies such as CISA and NIST, mandate enhanced security measures for ICS and leading-edge cybersecurity firms. A deep concern den Helps develop comprehensive ICS security solutions, enhancing market growth as organizations prioritize the protection of their operations.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of industrial control systems (ICS) security reached USD 6.1 billion in 2023 and is set to witness 20% CAGR between 2024 and 2032, led by the growing number of seminars and conferences dedicated to this critical sector.

The network security segment is projected to exceed USD 12 billion by 2032, as industrial activities increasingly integrate digital technologies due to the higher risk of cyber threats to critical infrastructure.

North America market recorded over 35% share in 2023, as industries, such as energy, manufacturing, and water sectors are adopting digital technologies in the region.

ABB Ltd., BAE Systems, Bayshore Networks, Inc., Belden, Checkpoint Software, Cisco, Fortinet, Honeywell, Rockwell Automation, and Schneider.

Industrial Control Systems Security Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 260
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