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Industrial Control Systems Security Market to grow by USD 10.8 billion from 2022 to 2027, The growing need to improve security to drive the growth- TechnavioNEW YORK, Sept. 25, 2023 /PRNewswire/ -- The industrial control systems security market is expected to grow by USD 10.8 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 7.79% during the forecast period. The market is segmented by Type (Network security and Cloud security), End-user (Oil and gas, Power, Chemicals and mining, Automotive, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). The growing need to improve security is a key factor driving market growth. Businesses need to strengthen their security because cyber-attacks are becoming more frequent and complex. Moreover, there is an increase in false positives and false negatives due to the greater complexity of applications used by businesses daily. However, to reduce the funding required to train or recruit personnel assigned to this task, many companies have outsourced their security responsibilities, not only to qualified personnel but also to focus on security issues. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View FREE PDF Sample
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