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Global ICS Security Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2026

Global ICS Security Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2026

Increasing adoption of connected devices and mounting cyberattacks is accelerating global ICS security market. ICS security solutions mainly include software and hardware components that are utilized to automate and manage industrial procedures like distribution control systems and supervisory control.

Generally, in case of a cyberattack, a company incurs massive financial loss. Over the years there have been a rise in cases of cyberattacks over crucial manufacturing infrastructure. ICS security solutions assist in mitigating these risks. They ensure that the data and information displayed on screens and on control room dashboards are secure.

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Integrated hardware and software components have become the backbone of industrial units and play an integral role in automating multiple industrial processes. These components mainly include distribution control and supervisory control systems. Any vulnerability or malfunction caused by malware attacks to these components could lead to a substantial financial loss.

In regard to applications, ICS security market is fragmented into critical manufacturing, power and energy, water utility, mining, chemical, and transportation. Out of these, the power and energy application segment managed to dominate global ICS security market share in 2019 and is projected to maintain a stronghold on the market throughout the predicted timeframe. Organizations operating in the energy sector are rapidly implementing robotics and IoT systems in their process. 

However, this trend has made these systems vulnerable to cyber-threats. As a matter of fact, the energy industry is considered to be the most vulnerable sector for ICS attacks and has been listed under one of the most impacted industries over the last five to seven years. As per US ICS-CERT, a total of 509 vulnerabilities were identified across different ICS components in 2019.

List of the Key Companies that are Operating in the ICS Security Market. They are as follows:

ABB Ltd., BAE Systems, Bayshore Networks, Inc., Belden, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Cyberbit, Dragos, Inc., FireEye, Inc., Fortinet, Inc., General Electric Company, Honeywell International, Inc., IBM Corporation, Kaspersky Labs, McAfee, LLC, Nozomi Networks, Inc., OT Claroty Ltd., Rolloos Industries B.V., Raytheon Company, Rockwell Automation, Inc., Schneider Electric, SecurityMatters (Forescout Technologies Inc.), Siemens AG, Accenture plc (Symantec Corporation), and Trend Micro, Inc.

On the regional aspect, North America is considered to be a strategical ground for ICS security companies and is forecasted to hold more than 30% of the global market share by the end of 2026. Factors like surging cyberattacks and growing investments across the U.S. oil & gas sector could play a vital role in strengthening the demand for ICS security solutions.

Federal authorities have begun to invest in projects that are geared towards supporting the development of security solutions for industrial infrastructures. Meanwhile, industry players are developing advanced security solutions to minimize cyber threats. Taking April 2020 for instance, Dragos Inc. released its Neighborhood Watch Network Visibility and Threat Detection Services for industrial units, helping the firm offer a comprehensive security solution.

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Table Of Content:

Chapter 5    ICS Security Market, By Security Type

5.1    ICS security market, key trends, by security type

5.2    Network security

5.2.1    Market estimates and forecast, 2015-2026

5.3    Application security

5.3.1    Market estimates and forecast, 2015-2026

5.4    Endpoint security

5.4.1    Market estimates and forecast, 2015-2026

5.5    Database security

5.5.1    Market estimates and forecast, 2015-2026

Chapter 6    ICS Security Market, By Component

6.1    ICS security market, key trends, by component

6.2    Solution

6.2.1    Market estimates and forecast, 2015-2026

6.2.2    SCADA encryption

6.2.2.1    Market estimates and forecast, 2015-2026

6.2.3    Firewall

6.2.3.1    Market estimates and forecast, 2015-2026

6.2.4    Antivirus/Anti-malware

6.2.4.1    Market estimates and forecast, 2015-2026

6.2.5    Intrusion detection and prevention

6.2.5.1    Market estimates and forecast, 2015-2026

6.2.6    Identity and access management (IAM)

6.2.6.1    Market estimates and forecast, 2015-2026

6.2.7    Distributed Denial of Service (DDoS) solution

6.2.7.1    Market estimates and forecast, 2015-2026

6.2.8    Data loss prevention (DLP)

6.2.8.1    Market estimates and forecast, 2015-2026

6.2.9    Virtualization security

6.2.9.1    Market estimates and forecast, 2015-2026

6.2.10    Security information and event management

6.2.10.1  Market estimates and forecast, 2015-2026

6.2.11    Unified threat management

6.2.11.1  Market estimates and forecast, 2015-2026

6.2.12    Other

6.2.12.1  Market estimates and forecast, 2015-2026

6.3    Service

6.3.1    Market estimates and forecast, 2015-2026

6.3.2    Managed service

6.3.2.1    Market estimates and forecast, 2015-2026

6.3.3    Integration & consulting

6.3.3.1    Market estimates and forecast, 2015-2026

6.3.4    Audit & reporting

6.3.4.1    Market estimates and forecast, 2015-2026

6.3.5    Risk management

6.3.5.1    Market estimates and forecast, 2015-2026

Chapter 7    ICS Security Market, By Application

7.1    ICS security market, key trends, by application

7.2    Power & energy

7.2.1    Market estimates and forecast, 2015-2026

7.3    Critical manufacturing

7.3.1    Market estimates and forecast, 2015-2026

7.4    Mining

7.4.1    Market estimates and forecast, 2015-2026

7.5    Water utility

7.5.1    Market estimates and forecast, 2015-2026

7.6    Transportation

7.6.1    Market estimates and forecast, 2015-2026

7.7    Chemical

7.7.1    Market estimates and forecast, 2015-2026

7.8    Other applications

7.8.1    Market estimates and forecast, 2015-2026

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