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Industrial Control Systems (ICS) Security Market Share

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

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Industrial Control Systems Security Market Share

Belden and Schneider hold a significant market share of over 21% in the industrial control systems (ICS) security industry. The high demand for security in industrial control systems (ICS) is driven by the dedicated efforts of companies specializing in this market. Leading cybersecurity organizations are constantly innovating to meet the unique challenges of securing ICS environments. They produce advanced solutions such as intrusion detection systems, firewalls, and special anti-software designed for industrial systems. These companies are also investing in R&D to enhance their security offerings, including AI and machine learning, to improve threat detection and response. Their approach to educating customers, conducting risk assessments, and providing security services goes a long way toward ensuring critical infrastructure.

Industrial Control Systems Security Market Companies

Major players operating in the industrial control systems (ICS) security industry are:

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

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.