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Industrial Control Systems (ICS) Security Market Trends

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

Industrial Control Systems Security Market Trends

The industrial control system (ICS) security industry is growing exponentially, driven by increasing innovation by leading companies. These developments are critical in combating sophisticated cyber threats targeting technology groups. Leading companies are developing sophisticated solutions, such as advanced intrusion detection systems, machine learning algorithms for threat prediction, and robust encryption techniques designed for ICS surrounding areas.
 

Innovations in artificial intelligence (AI) and machine learning (ML) are fundamental changes. Companies are using this technology to enhance real-time threat detection and response, ensuring that security is proactive rather than reactive. Cloud-based ICS security solutions are also gaining momentum, offering scalable and flexible protection for industrial networks.
 

Moreover, the integration of blockchain technology is emerging as a promising feature, providing a secure and immutable record of system transactions. These technological developments help enhance the security of critical infrastructure while driving market growth by addressing the evolving cybersecurity landscape. As leading companies continue to innovate, the ICS security market is poised to expand dramatically.
 

Citing an instance, in October 2023, Check Point proudly introduced the new Check Point Quantum Rugged 1595R Security Gate. Specifically designed to protect ICS and OT networks from cyberattacks, the gateway extended Check Point’s Quantum Rugged family of security. The 1595R offered extreme flexibility in harsh environments, providing reliable protection for industrial control systems.
 

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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