Industrial Control System Security Market Analysis

Industrial Control System Security Market Size and Overview

Industrial Control System Security Market Size was valued at USD 17,500.2 Million in 2023. The Industrial Control System Security Market industry is projected to grow from USD 18,868.2 Million in 2024 to USD 33,022.0 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.25% during the forecast period (2024 - 2032).

The transition to industry 4.0 is expected to bring several advances in efficiency and productivity and many challenges in how the industrial process works. Compared to the conventional manufacturing process, factors like improved efficiency and reduced production costs have been boosting the adoption of automation, which has been driving the demand for industrial control systems. However, the adoption of the industrial control system security solutions brings along the need for security as there is an exponential rise in cyber-attacks and networks security threats.

The industrial control system security has been deployed to monitor the complex industrial processes and the critical infrastructures to deliver the power, water, transport, manufacturing, and other essential services. The automotive industry is among the primary sectors that hold a significant share of automated manufacturing facilities worldwide. The production facilities of various automakers are automated to maintain efficiency. The rising trend of replacing conventional vehicles with electric vehicles is expected to augment the automotive industry's demand further. The industrial control system security includes securing and safekeeping the industrial control systems and the software and the hardware used by the system. It focuses on keeping the processes and the machinery that runs through smoothly.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Control System Security Market Trends

The evolving trend of utilizing digital technology in ICS Security is aiding the market's growth.

The increasing demand for ICS industrial control systems to manage industrial operations is a result of the developing tendency of organizations in the power sector, manufacturing, and industrial areas. Industrial control systems are confronted with a wide variety of security risks practically every day. Within the context of the digital economy, these threats have become more sophisticated. Control systems are becoming increasingly important to the industrial sector, which is also experiencing a growing dependence on them. As a result of this, it is becoming more vital than ever before to have a grasp of the significance of industrial cyber security and to keep a close eye on developing security trends and threats. Technology is a stream that moves at a rapid pace, and the provision of cybersecurity solutions to every industrial control system will continue to be an ongoing necessity. In the current scenario, the three most important business issues for ICS specialists are as follows: guaranteeing the dependability and availability of control systems, reducing risk and strengthening security, and ensuring the health and safety of staff.

Industrial Control System Security Segment Insights

The global industrial control system security market is segmented based on system type, verticals, and security type.

Based on System type, the industrial control system security market is further segmented into SCADA, PLC, and DCS, out of which the DCS i.e. Distributed control system segmentation, dominates the overall market share, followed by SCADA system type, which is said to be the fastest growing segmentation in the said market segment during the forecast period. In sectors including manufacturing, oil and gas, and chemicals, distributed control systems are prevalent. They facilitate the monitoring and centralized management of industrial processes across numerous systems or locations. DCS systems generally comprise an interconnected assemblage of actuators, sensors, and controllers that are linked to a central control unit. It is crucial to protect DCS systems from unauthorized access, data intrusions, and the interruption of critical processes. As industrial sectors further implement and enhance DCS systems, there is an increasing and prevailing demand for security solutions tailored for DCS.

Based on verticals, the industrial control system security market is further sub-segmented into manufacturing, energy, food & beverages and transportation divisions. The manufacturing division owes the major market share, which is primarily driven by the increasing adoption of industrial automation technologies and the high-end interconnected devices and systems that are utilized in the global manufacturing sector. Risks of physical harm or operational disruptions are conceivable due to the vulnerabilities introduced by the interconnectedness of such systems, which cyber adversaries may exploit. Consequently, to fortify their operational technology networks, manufacturers are emphasizing allocating resources towards specialized intrusion detection systems with the ICS technology and security measures, including secure remote access, network segmentation, and intrusion detection systems.

Based on security type, the market is divided into network type security and conventional type security, out of which, the network type security segmentation is said to dominate the market share in the said categorization at the highest CAGR during the forecast period. Network security safeguards computer systems against sophisticated attacks. It is comprised of ICS security solutions and services that protect various networking assets and resources in the administration of critical infrastructure. Its provision of network security requires the integration of various components, such as hardware and software.

Industrial Control System Security Regional Insights

The global industrial control system security market is primarily studied across four major regions, namely, North America, Europe, Asia-Pacific and the Rest of the World. Out of these, the North American region holds the major market share among all the other regions. North America has been leading in the implementation of ICS security systems. Given the increasing frequency of cyberattacks targeting essential infrastructure, industries such as manufacturing, chemicals, energy, and utilities extensively employ ICS security solutions. This region has shown a high level of adaptability to recent technological breakthroughs, including the incorporation of cloud and IoT technologies into ICS security solutions. This integration aims to create a comprehensive and safe access mechanism while implementing a framework for governing security.

The Asia-Pacific region is expected to have a substantial growth rate in the global industrial control system security market over the forecast period. This can be attributed to the fact that China possesses one of the most expansive industrial sectors, which is undergoing constant transformation as companies increasingly adopt automation. Furthermore, it is expected that the increasing urbanization and consumer spending in India will result in a greater amount of manufacturing taking place across the country. Thus, it is expected that the given factors will hasten the growth of the said market segment in the Asia-Pacific region.

Industrial Control System Security Market Key Players & Competitive Insights

The global ICS security market is dominated by certain major players in the industry that play an important role in the growth of the market. The key competitors in the said market segment are stated to earn a substantial portion of the market profit generation. The adoption of several high-end ICS security systems and the new-age market trends help the key players like BAE Systems, Rockwell Automations, ABB, etc., expand their business beyond regions with key strategies like new product launches, R&D initiatives, and M&A activities. 

Industrial Control System Security Market Key Players

• 
  

  Rockwell Automation Inc. (US)

  
  


• 
  

  BAE Systems (UK)

  
  


• 
  

  Schneider Electric (France)

  
  


• 
  

  ABB (Switzerland)

  
  


• 
  

  Fortinet Inc. (US)

  
  


• 
  

  Cisco Systems Inc. (US)

  
  


• 
  

  Belden Inc. (US)

  
  


• 
  

  Siemens AG (Germany)

  
  


• 
  

  Check Point Software Technologies Ltd. (Israel)

  
  


• 
  

  Honeywell International (US)

  
  


• 
  

  AO Kaspersky (Russia)

  
  


• 
  

  Bayshore Networks, Inc.

  
  


• 
  

  Clarity Ltd.

  
  


• 
  

  CyberArk Software Ltd.

  
  


• 
  

  Tripwire Inc.

  
  


• 
  

  Waterfall Security Solutions Ltd.

  
  


• 
  

  Symantec Corporation

  
  

Industrial Control System Security Industry Developments

MITRE Engenuity just completed its first round of independent ATT&CK Evaluations for Industrial Control Systems (ICS) in July 2021. Among other things, the assessments gauged how well cybersecurity products from five ICS vendors identified the presence of Russian-linked Triton malware. TRITON is designed to target safety systems so that operators cannot respond to failures, hazards, or other unsafe conditions, potentially causing physical damage that could lead to loss of life. The U.S. Department of Treasury imposed sanctions against Russia’s Central Scientific Research Institute of Chemistry and Mechanics after it used TRITON in an attack that shut down a Saudi refinery.

Nearly 100,000 industrial control systems (ICS) belonging to organizations worldwide are exposed to the public internet, according to new research published yesterday by BitSight, a leader in managing and monitoring cyber risk. An attacker who takes advantage of this could gain control over physical infrastructure such as power grids, traffic light systems, security systems, water treatment facilities, and more. Such an attack would be highly disruptive for business continuity; it would also pose risks to human lives through compromised data and intellectual property thefts; finally, yet importantly, it might even threaten national security itself since Fortune 1000 companies across 96 countries have reported being affected by this exposure Additionally education technology government politics business services sectors were most at risk for attacks on their ICS environments among others.

In March 2022, IBM X-Force Threat Intelligence Index 2022 said, “For the first time in five years, manufacturing outpaced finance and insurance in the number of cyberattacks levied against these industries…” To address this growing threat landscape, NIST has published Special Publication 1800-10, Protecting Information and System Integrity in Industrial Control System Environments: Cybersecurity for the Manufacturing Sector, which was developed with input from industry partners aimed at helping manufacturers safeguard their Industrial Control Systems used for managing machinery production lines etcetera.

In February 2024, Claroty launched their new Continous Threat Detection platform that leverages Artificial Intelligence and machine learning technologies for real-time anomaly detection in the ICS environment.

In February 2024, Dragos introduced the Envoy Platform, which provides comprehensive threat intelligence and incident response capabilities for ICS Security. 

In January 2024, Fortinet signed an acquisition deal with CyberSense to acquire the company and expand its OT Cybersecurity portfolio and threat intelligence capabilities. 

Industrial Control System Security Market Segment 

Industrial Control System (ICS) Security System Type Outlook:

• SCADA


• PLC


• DCS


• Others

Industrial Control System (ICS) Security Solution Outlook:

• Unified Threat Management (UTM)


• Data loss prevention


• Antivirus


• Firewall


• Distributed Denial of Service (DDOS)

Industrial Control System (ICS) Security Service Outlook:

• Change in Management


• Communication Services


• Managed Support


• Risk Management


• Others

Industrial Control System (ICS) Security Vertical Outlook:

• Manufacturing


• Food & Beverage


• Energy & Power


• Transportation


• Others