Industrial Control System Security Market Size To Expand at a Notable CAGR Of 6.81% During 2018 - 2023

Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a cooked research report on the Global Industrial Control System Security Market.

Overview:

As per the latest report published by Market Research Future (MRFR) the global industrial control system (ICS) security market is projected to exhibit 6.81% CAGR from 2018 to 2023. Modern industrial control systems are highly susceptible to cyber malignancy, hence require sophisticated security shielding. In recent years, incidence of security breach in ICS has increased substantially. This has subsequently fueled the demand for robust ICS security solutions. Such as security are supported by interconnected infrastructures and networks that function cohesively to safeguard industrial processes.

Such security solutions are relied upon to resist cyber-threats. In ICS, security has been key area of focus in recent years. The focus remains on developing future-ready solutions that not only facilitate high security but also effective management of modern industrial machineries. In the foreseeable future, the demand for ICS security solutions is expected to increase significantly owing to the rapid integration advanced technologies industrial infrastructures. Industrial verticals such as manufacturing, food & beverages, energy & power, and oil & gas are undergoing massive infrastructural overhaul, which is creating opportunities for market players.

Global Industrial Control System (ICS) Security Market: Segmental Analysis

The report includes an exhaustive segmental analysis of the ICS security market based on control system type, vertical, service, solutions and region. By control system type, the market has been segmented into PLC, DCS, SCADA and other. The SCADA segment is expected to remain highly lucrative in 2019 and beyond. In addition, the segment is expected to reach a market value in excess of USD 6 Bn by the end of the assessment period. By vertical, the market has been segmented into food & beverage, manufacturing, energy & power, transportation and others. The energy & power segment accounts for over 32% market and is set to exhibit a sound growth rate over the next couple of years. By service, the market has been segmented into managed support, risk management, change in management, communication services and others. The risk management segment commands the lion’s share of the market. In 2017, the segment was valued at over USD 3 Bn. Risk management is the process of protecting information by detecting, preventing, and responding to attacks. Risk management programs encompass protection from malicious or non-malicious threats. By solution, the market has been segmented into Distributed Denial of Service (DDOS), Firewall, Unified Threat Management (UTM), Antivirus and Data Loss Prevention. A one-forth share of the market is currently captured by the firewall segment. During the review period, the segment is like to surge at 6.17% CAGR.

Global Industrial Control System (ICS) Security Market: Regional Outlook

The market has been assessed across North America, Europe, Asia Pacific (APAC), South America and the Middle East & Africa (MEA). North America is likely to spearhead the global ICS security market during the forecast period. In terms of revenue, the region currently accounts for over 50% market share. It is projected that the market in North America will capture a CAGR of 5.59% between 2018 and 2023. There several factors that are linked with the growth of the market in North America. Countries such as the U.S. and Canada are early adopters of the such security solutions, which favors a faster growth of the market in the region. In addition, susceptibility to high-profile cyber-attacks has made ICS security a priority. North America is followed by Europe and Asia-Pacific respectively. 

Global Industrial Control System (ICS) Security Market: Competitive Landscape

MRFR in its report has mentioned some of prominent market participants, which include Siemens AG, Schneider Electric, Cisco Systems, Inc., Check Point Software Technologies Ltd., Honeywelll International Inc., ABB, BAE Systems, General Electric, Fortinet, Inc., Belden Inc. and Rockwell Automation, Inc.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/industrial-control-system-security-market-2924