Industrial Control Systems (ICS) Security Market worth $22.2 billion by 2025 - Exclusive Report by MarketsandMarkets™
CHICAGO, Sept. 8, 2020 /PRNewswire/ -- According to a new market research report "Industrial Control Systems (ICS) Security Market by Component, Solution (Antimalware/Antivirus, DDoS Mitigation, Encryption, Firewall, IDPS, Security and Vulnerability Management), Service, Security Type, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global ICS Security Market is projected to grow from USD 15.8 billion in 2020 to USD 22.2 billion by 2025, at a CAGR of 7.0% during the forecast period.
The major growth drivers for the market include the increasing number of security breaches and cyberattacks on ICS infrastructure and strict regulatory compliances toward the adoption of ICS services.
Browse in-depth TOC on "Industrial Control Systems (ICS) Security Market"
Request for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1273
By component, solutions segment to lead the market in 2020
In the post-COVID-19 scenario, the solutions segment is expected to dominate the ICS Security Market during the forecast years. Continuing to deal with the mounting pressure for securing both IT and OT teams throughout the pandemic crisis, organizations are considering securing the ICS assets. Organizations are now dedicating resources to protecting their ICS assets, which include Supervisory Control and Data Acquisition (SCADA) programs, against intentional or accidental security threats. This is expected to drive the market growth in the solutions segment.
Speak to Research Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1273
North America is expected to hold the largest market size during th forecast period.
North American has sustainable and well-established economies, which empower it to invest significantly in Research and Development (R&D) activities, thereby contributing to the development of new technologies in the ICS Security Market. The presence of a majority of key players in the ICS Security Market is expected to be the major factor driving the growth of the market in this region. Key players, such as Cisco, Lockheed Martin, Honeywell, Palo Alto Networks, FireEye, and Raytheon Company, along with several start-ups in the region, offer ICS security solutions and services.
The major vendors covered in the ICS Security Market report include Cisco (US), ABB (Switzerland), Lockheed Martin (US), Fortinet (US), Honeywell (US), Palo Alto (US), Belden (US), BAE Systems (UK), Raytheon Company (US), FireEye (US), Darktrace (US), Check Point (Israel), Kaspersky (Russia), Sophos (UK), CyberArk (US), Airbus (France), Claroty (US), Indegy (US), Bayshore Networks (US), Dragos Security (US), Nozomi Networks (US), Cyberbit (Israel), and CyberX (US).
Browse Adjacent Markets: Information Security Market Research Reports & Consulting
Critical Infrastructure Protection Market by Component, Solution (Physical Safety and Security (Video Surveillance Systems, Screening and Scanning], Cybersecurity [Encryption, Threat Intelligence)), Vertical, and Region - Global Forecast to 2025
Oil and Gas Security and Service Market by Component (Solution and Services), Services, Security Type (Physical Security and Network Security), Operation (Upstream, Midstream, and Downstream), and Region - Global Forecast to 2025
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Keynote Roundtable Discussion
Smart City with a Social Conscience