$30+ Billion Industrial Control Systems Security Markets - Global Forecast to 2030

DUBLIN, May 17, 2023 /PRNewswire/ -- The "Industrial Control Systems Security Market by Offering, Security Type, Organization Size, Application, End-use Industry - Global Forecast to 2030" report has been added to  ResearchAndMarkets.com's offering.

The global industrial control systems security market is expected to reach $30.2 billion by 2030, growing at a CAGR of 10.1% during the forecast period of 2023-2030.

The growth of this market is attributed to government initiatives and regulations supporting the adoption of ICS security solutions and increasing automation in manufacturing industries.

In addition, the increasing adoption of Industry 4.0 and smart manufacturing technologies and the growing demand for robotic process automation systems is expected to offer significant growth opportunities for the growth of this market. However, the high capital expenditure required for ICS security deployment restrains the growth of this market up to a certain extent.

Based on offering, the market is segmented into hardware, software, and services.

In 2023, the services segment is expected to account for the largest share of the global industrial control systems security market. However, the software segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing concerns regarding data security and privacy and industrial enterprises' consistent efforts to improve efficiencies, reduce costs, and increase security

Based on organization size, the market is segmented into large enterprises and small and medium-sized enterprises.

In 2023, the large enterprises segment is expected to account for the larger share of the global industrial control systems security market. However, rising awareness regarding the significance of ICS security among small and medium-sized enterprises is expected to boost the growth of the small and medium-sized enterprises segment at a higher CAGR during the forecast period.

In 2023, the identity & access management segment is expected to account for the largest share of the global industrial control systems security market.

However, the risk & compliance management segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing penetration of industrial control systems and the rising adoption of eGRC solutions to optimize risk management and minimize fraud.

Based on end-use industry, the market is segmented into automotive, electronics & electrical, FMCG, heavy metals & machinery, energy & utilities, transportation, and other industries.

In 2023, the energy & utilities segment is expected to account for the largest share of the global industrial control systems security market.

However, the FMCG segment is expected to record the highest CAGR during the forecast period. The growth of this segment is driven by the adoption of advanced technologies in the FMCG market due to frequent changes in consumer preferences and increasing data breaches in FMCG companies.

Geographic Review:

In 2023, North America is expected to account for the largest share of the global industrial control systems security market. However, Asia-Pacific is projected to register thehighest CAGR during the forecast period. The growth of this market is attributed to the advent of Industry 4.0 and increasing cyberattacks in the industrial sector.

• Which are the high growth market segments in terms of offering, security type, organization size, application, end-use industry, and countries?
• What is the historical market for industrial control systems security across the globe?
• What are the market forecasts and estimates from 2023-2030?
• What are the major drivers, restraints, and opportunities in the global industrial control systems security market?
• Who are the major players in the global industrial control systems security market, and what shares of the market do they hold?
• Who are the major players in various countries, and what shares of the market do they hold?
• How is the competitive landscape?
• What are the recent developments in the global industrial control systems security market?
• What are the different strategies adopted by the major players in the global industrial control systems security market?
• What are the geographical trends and high growth countries?
• Who are the local emerging players in the global industrial control systems security market and how do they compete with the other players?

Market Dynamics

Global ICS Security Market: Impact Analysis of Market Drivers (2023-2030)

• Consistent Rise in the Adoption of Cloud-based Services
• Government Initiatives and Regulations Supporting the Adoption of ICS Security Solutions
• Increasing Automation in Manufacturing Industries

Global ICS Security Market: Impact Analysis of Market Restraints (2023-2030)

• High Capital Expenditure Required for ICS Security Deployment

Global ICS Security Market: Impact Analysis of Market Opportunities (2023-2030)

• Increasing Adoption of Industry 4.0 and Smart Manufacturing Technologies
• Growing Demand for Robotic Process Automation Systems

Global ICS Security Market: Impact Analysis of Market Challenges (2023-2030)

• Lack of Trained IT-OT Professionals in the Field of Cybersecurity

Global ICS Security Market: Impact Analysis of Market Trends (2023-2030)

• Technology Trends
• Integration of Artificial Intelligence in ICS Security
• Use of 5G Technology in ICS Security

Case Studies

• Transportation
• Energy & Utilities
• Automotive

Regulatory Analysis

• North America
• The U.S.
• Europe
• The U.K.
• Asia-Pacific
• Australia & New Zealand

ICS Protocols

Company Profiles

• Fortinet Inc. (U.S.)
• Cisco Systems Inc. (U.S.)
• Juniper Networks Inc. (U.S.)
• Palo Alto Networks Inc. (U.S.)
• IBM Corporation (U.S.)
• Check Point Software Technologies Ltd. (Israel)
• ABB Ltd (Switzerland)
• Honeywell International Inc. (U.S.)
• Schneider Electric SE (France)
• BAE Systems plc (U.K.)
• Applied Risk (Netherlands)
• Verve Industrial Protection (U.S.)
• CrowdStrike Holdings Inc. (U.S.)
• Sophos Ltd. (U.K.)
• Claroty Ltd. (U.S.)
• Imperva Inc. (U.S.)
• Trend Micro Incorporated (Japan)
• Darktrace Holdings Limited. (U.K.)
• Cyberbit Ltd (Israel)
• AO Kaspersky Lab (Russia)
• Radiflow LTD (Israel)
• Positive Technologies (Russia)
• Airbus SE (Netherlands).

Scope of the Report:

Market Assessment, by Offering

• Hardware
• Software
• Services
• Professional Services
• Managed Services

Market Assessment by Security Type

• Network Security
• Application Security
• Cloud Security
• Endpoint Security

Market by Assessment, by Organization Size

• Small and Medium-sized Enterprises
• Large Enterprises

Market by Assessment, by Application

• Data Loss Prevention
• Unified Threat Management
• Encryption
• Identity & Access Management
• Risk & Compliance Management
• Antivirus/Antimalware
• Intrusion Detection/Prevention
• Distributed Denial of Service (DDoS) Mitigation
• Security & Vulnerability Management
• Security Configuration Management
• Security Information & Event Management (SIEM)
• Whitelisting
• Firewalls
• Other Applications

Market Assessment, by End-use Industry

• Automotive
• Electronics & Electrical
• FMCG
• Heavy Metals & Machinery
• Energy & Utilities
• Transportation
• Other Industries

Market Assessment, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Netherlands
• Denmark
• Sweden
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Singapore
• Malaysia
• Australia & New Zealand
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• UAE
• Israel
• Saudi Arabia
• Rest of Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/4frw47

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