Industrial Control Systems (ICS) Security Market Size Global Report, 2022 - 2030
Industrial Control Systems (ICS) Security Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030

Industrial Control Systems (ICS) Security Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Solution; By Security Type (Network, Endpoint, Application, Database); By Vertical; By Region; Segment Forecast, 2022 - 2030

  • Published Date:Feb-2022
  • Pages: 114
  • Format: PDF
  • Report ID: PM2271
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Outlook

The global industrial control systems (ICS) security market was valued at USD 17.69 billion in 2021 and is expected to grow at a CAGR of 6.4% during the forecast period. The rising penetration of automation technologies and IoT across various industrial control applications, as well as growing investments for the deployment of smart grids, are propelling the growth of the industries.

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In addition, the growing trend for the implementation of cloud computing for the protection of critical infrastructure, along with the rising number of extensive safety regulatory frameworks, is further boosting the market demand. Moreover, increasing cyber-attacks are also associated with the demand for professional and managed safety services, creating lucrative industry growth prospects.

The onset of the COVID-19 exhibits significant market growth. The penetration of the digital transformation strategies because of the COVID-19 has directly propelled the needs for safety systems, subsequently to further problems like availability, performance, safety, and growing IT costs, is considering bolstering the requirements for industrial control system solutions and services. The widespread of the COVID-19 is leading the trend of the adoption of industrial control methods due to the proliferation of the internet, along with ICS offers advantages like interconnectivity and better management. Besides, developing the WFH and hybrid work models also supports the market growth in the forecast period.

Industrial Control Systems (ICS) Security Market

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Industry Dynamics

Growth Drivers
Increasing investment in digital technologies and industrial control structures to meet the growing need for industrial control structures safety products and services is driving the industrial control systems (ICS) security market's growth. Several lines of business are undergoing worldwide transformations due to the evolving technology ecosystem. Accordingly, digital technology and industrial control systems have merged into a unified environment. This opens up significant potential for M2M and IoT communication. Thereby, the penetration of digital technologies leads the industrial control systems as a collection of devices, which is placed in a heterogeneous environment that interact with one another or with a system.

Besides, industries such as manufacturing, energy, oil & gas, metals and mining, healthcare, and transportation systems rapidly adopt IoT-based solutions. The control systems are mainly responsible for the transition and advancement of these industries that lead the development of industrial control automation and robotics technology. Moreover, government efforts, including Germany's Industry 4.0 and France's Plan Industriel, are important in influencing demand for IoT solutions, stimulating demand for (ICS) safety solutions and services market in the years ahead.

Report Segmentation

The market is primarily segmented on the basis of component, solution, security type, vertical, and region.

By Component

By Solution

By Security Type

By Vertical

By Region

  • Solution
  • Services
  • Anti-malware/Antivirus
  • DDoS Mitigation
  • Encryption
  • Firewall
  • IAM
  • IDS/IPS
  • Security and vulnerability management
  • Security configuration management
  • SIEM
  • Whitelisting
  • Others
  • Network
  • Endpoint
  • Application
  • Database
  • Power
  • Energy and Utility
  • Transportation Systems
  • Manufacturing
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Component

The solution application segment is recorded to hold the larger share. The continuous technological advancements in the industrial control systems, such as user provisioning, password management, and superior authentication, assist consumers in managing network resources. In addition, the rising trend of the Bring Your Own Devices (BYOD) among various companies is aids in decreasing operational costs and allows employees to access e-mails, corporate resources, sensitive data of the business applications through their personal devices from any location. These factors are projected to drive the segment growth over the projected period.

The services segment is projected to show the fastest growth rate in the forecasting years. ICS safety services are becoming requisite for incorporating and managing solutions in business operations. These services assist organizations by collecting and ensuring the smooth functioning of ICS safety solutions afterward. Also, the rising virtualization in industries and penetration of cloud computing encourages the demand for these solutions across numerous regions.

Furthermore, a solution installation supports enterprises in scrutinizing dynamic network communication in real-time and helps enterprises manage the suppliers, partners, and vendors. Therefore, these factors are likely to fuel the segment growth during the forecast period.

Geographic Overview

Geographically, North America accounted for the highest market share globally in 2021. The growing responsiveness for the novel technologies and their developments, such as incorporating the IoT and cloud with the ICS safety solutions, is propelling the market demand. Executing a safety governance framework and a holistic secure access mechanism also contribute to market growth. Besides, international collaborations and Public-Private Partnerships (PPP) are also boosting the production of adequate ICS safety in the region.

As per the Department of Homeland Security (DHS), in the U.S., nearly 85% of the critical infrastructure like banking and finance, electric power grids, oil & gas, transportation, defense, and utilities are held up by the private sector. For instance, the energy and power grid sector needs public, private, and regulatory cooperation between the Department of Energy (DOE), Department of Defense (DOD), and DHS for safeguarding their ICS systems and Operational Technology (O.T.) from cyber-attacks. Therefore, the penetration of cloud-based ICS safety solutions and services across North America drives regional market development.

Moreover, the Asia Pacific industrial control systems (ICS) security market is anticipated to exhibit the highest CAGR over the forecast years. The rising safety concern leads to the increasing investment for the deployment of safety systems. The prime emerging nations such as South Korea, India, Japan, China, Australia, Hong Kong, and others are exhibiting the exponential growth of the various industries as well as technological developments, and effective government regulations are boosting the market growth. Additionally, the growing need for sector-specific cybersecurity, an increasing number of Public-Private Partnerships (PPPs), and increasing R&D across the region foster the demand for ICS security.

Competitive Insight

Some of the major players operating in the global industrial control systems (ICS) security market include ABB, Airbus, Applied Security, BAE Systems, Belden, Check Point, Cisco, Claroty, Cyberark, Cyberbit, DarkTrace, Dragos, Fireeye, Forescout, Fortinet, Honeywell, Kaspersky Labs, Lockheed Martin, Nozomi Networks, Palo Alto, Positive technologies, Radiflow, Raytheon, Sophos, and Verve industrial protection.

Industrial Control Systems (ICS) Security Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 17.69 billion

Revenue forecast in 2030

USD 30.56 billion

CAGR

6.4% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Segments covered

By Component, By Solution, By Security Type, By Vertical By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies

ABB, Airbus, Applied security, BAE Systems, Belden, Check Point, Cisco, Claroty, Cyberark, Cyberbit, DarkTrace, Dragos, Fireeye, Forescout, Fortinet, Honeywell, Kaspersky Labs, Lockheed Martin, Nozomi Networks, Palo Alto, Positive technologies, Radiflow, Raytheon, Sophos, and Verve industrial protection.