Industrial Control Systems Security Market Expands with Solution Segment at a robust CAGR of 7.59% through 2029
The
increasing global industrial control systems security market is driven by
increasing cyber threats to critical infrastructure, rapid adoption of industrial
internet of things (IIoT) technologies during the forecast period 2025-2029
According
to TechSci Research report, “Industrial Control Systems Security Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast 2019-2029", The Global Industrial
Control Systems (ICS) Security Market is experiencing dynamic expansion driven
by the convergence of heightened cyber threats and the increasing digitization
of industrial processes. This market, integral to safeguarding critical infrastructure,
witnesses a surge in demand for advanced security solutions as industries face
evolving risks. Key drivers include the growing complexity of cyber threats,
rapid integration of Industrial Internet of Things (IIoT) technologies, and
stringent regulatory mandates. Network Security emerges as a dominant segment,
crucial for fortifying interconnected industrial networks against unauthorized
access and disruptions. Among diverse end-users, the Oil & Gas sector takes
precedence due to its strategic significance, extensive infrastructure, and
susceptibility to cyber-attacks. As industries grapple with the integration of
legacy systems, resource constraints, and limited awareness, ICS security
solutions, incorporating artificial intelligence and advanced threat detection,
become indispensable.
The
global landscape is shaped by North America's leadership, where a developed
critical infrastructure, proactive regulatory environment, and concentration of
cybersecurity expertise position the region at the forefront. While the market
witnesses innovation in response to the dynamic cyber threat landscape,
challenges persist, emphasizing the need for collaborative efforts in the face
of evolving risks. As industries recognize the imperative of securing
industrial control systems, the ICS Security market anticipates sustained
growth, fostering advancements to address the intricacies of modern
cybersecurity challenges within critical infrastructure environments.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global
Industrial Control Systems Security Market"
The
global industrial control systems security market is segmented into component,
security, system, end user, and region. Based on component, the market is
segmented into solution, service. Based on security, the market is segmented
into network security, application security, endpoint security, database
security. Based on system, the market is segmented into supervisory control &
data acquisition system, distributed control system, programmable logic
controller, machine execution system (MES), product lifecycle management (PLM),
enterprise resource planning (ERP), human machine interface (HMI), Others.
Based on end user, the market is segmented into automotive, chemical &
petrochemical, oil & gas, utilities, pharmaceutical, food & beverage, others.
based on region, the market is further bifurcated into North America,
Asia-Pacific, Europe, South America, Middle East & Africa.
Based
on end user, oil & gas dominated in the global industrial control systems
security market in 2023. The Oil & Gas sector relies heavily on industrial
control systems to manage and optimize complex processes throughout the
production, refining, and distribution of oil and gas resources. These
industrial processes are controlled by Supervisory Control and Data Acquisition
(SCADA) systems and Distributed Control Systems (DCS), which are vital
components of the industry's operational technology landscape. The criticality
of these systems to the energy supply chain makes them prime targets for cyber
threats, necessitating robust ICS security measures.
One
key factor contributing to the dominance of the Oil & Gas segment is the
industry's expansive and interconnected infrastructure. Oil and gas facilities
span vast geographical areas, including offshore platforms, pipelines,
refineries, and distribution networks. The complexity and scale of these
operations amplify the need for comprehensive ICS security solutions to protect
against potential cyber-attacks that could disrupt production, compromise
safety, and have far-reaching consequences on global energy markets.
Moreover,
the geopolitical and economic significance of the oil and gas industry adds
another layer of vulnerability, making it a prime target for cyber-espionage
and cyber-terrorism. The potential impact of a cyber-attack on critical
infrastructure within the Oil & Gas sector goes beyond financial losses,
extending to national security considerations and the stability of energy
supplies, reinforcing the imperative for robust ICS security measures.
The
Oil & Gas industry also faces specific cybersecurity challenges, such as
the convergence of information technology (IT) and operational technology (OT),
the integration of Industrial Internet of Things (IIoT) devices, and the
prevalence of legacy systems. These challenges necessitate tailored ICS
security solutions that can address the unique requirements of the industry,
from offshore drilling platforms to onshore refineries.
Key
market players in the global industrial control systems security market are: -
- IBM Corporation
- Cisco Systems Inc.
- Honeywell International Inc.
- Broadcom Inc.
- Rockwell Automation Inc.
- Palo Alto Networks, Inc.
- BAE Systems plc.
- Raytheon Technologies Corporation
- Trellix Corporation
- Check Point Software Technologies Ltd.
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“The
Global Industrial Control Systems (ICS) Security Market is rapidly evolving in
response to escalating cyber threats and increased digitization of industrial
processes. With a focus on safeguarding critical infrastructure, the market
witnesses heightened demand for advanced security solutions. Network Security,
crucial for protecting interconnected industrial networks, dominates, and the
Oil & Gas sector emerges as a key end-user due to its strategic importance
and susceptibility to cyber threats. North America leads, driven by a developed
infrastructure and proactive cybersecurity measures. As industries grapple with
legacy system integration, resource constraints, and evolving risks, the market
anticipates sustained growth and ongoing innovation.Top of Form” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Industrial Control Systems Security Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Component (Solution, Service), By Security (Network Security, Application
Security, Endpoint Security, Database Security), By System (Supervisory Control
& Data Acquisition System, Distributed Control System, Programmable Logic
Controller, Machine Execution System (MES), Product Lifecycle Management (PLM),
Enterprise Resource Planning (ERP), Human Machine Interface (HMI), Others), By
End User (Automotive, Chemical & Petrochemical, Oil & Gas, Utilities,
Pharmaceutical, Food & Beverage, Others), By Region, and By Competition,
2019-2029,”
has evaluated the future growth potential of Global Industrial Control Systems
Security Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Industrial
Control Systems Security Market.
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