USD 18.85 billion
Industrial Control Systems Security Market Size, Share, Growth Analysis, By By Component(Solution, Services), By Solution(Anti-malware/Antivirus, DDoS, Encryption, Firewall), By Services(Consulting and Integration, Support and Maintenance, Training and Development, Incident Response Services), By Security type(Network Security, Endpoint Security, Application Security Database Security), By Vertical(Power [Nuclear Power Plants, Thermal and Hydropower Plants, Renewable Energy Power Plants, Power Grid]), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20O2007 |
Region:
Global |
Published Date: August, 2024
Pages:
202
|Tables:
211
|Figures:
82
Industrial Control Systems Security Market Insights
Industrial Control Systems Security Market size was valued at USD 18.85 billion in 2022 and is poised to grow from USD 20.08 billion in 2023 to USD 33.22 billion by 2031, at a CAGR of 6.5% during the forecast period (2024-2031).
The global market for industrial control systems security has seen revenue increase as a result of the rise in cyberthreats. Industrial control systems are being more widely used in the manufacturing, chemical, energy, and other sectors as a result of the rise in cyberattacks. Many improvements in productivity and efficiency, as well as numerous changes to the way industrial processes operate, are anticipated to result from the shift to Industry 4.0. Industrial control systems are in demand because automation has increased productivity compared to traditional manufacturing methods and reduced production costs. The use of ICS solutions does, however, increase the requirement for security due to the exponential growth in cyberattacks and network security risks. The use of ICS security is significantly expanding as hackers attempt to break into company networks more frequently. The adoption of modern technologies is also producing enormous volumes of data, which is raising the demand for ICS security and, as a result, fuelling the global market's revenue growth. To preserve productivity, numerous automakers have automated their production plants. The demand for automobiles is anticipated to increase further as a result of the growing trend of switching from conventional to electric vehicles (EVs). For instance, according to the IEA, global sales of electric vehicles increased by a factor of two, from 3.0 million in 2020 to 6.6 million. These elements are promoting the use of industrial control systems and, as a result, are opening up profitable potential for the sector.
US Industrial Control Systems Security Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Distributed
Fastest Growth
Supervisory Control & Data Acquisition (SCADA)
Growth Rate
6.5% CAGR
Global Industrial Control Systems Security Market ($ Bn)
Country Share for North America Region (%)
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Industrial Control Systems Security Market Segmental Analysis
The industrial automation and control systems market is segmented across component, solution, services, vertical, security type. Based on component, the market is segmented into hardware and software like robots, sensors, and control systems. Based on Solutions, the market is segmented into software functionalities for monitoring, control, and optimization. Based on services, the market is segmented into Consulting and Integration, Support and Maintenance, Training and Development, Incident Response Services, Managed Security Services. Based on vertical, the market is segmented into Power [Nuclear Power Plants, Thermal and Hydropower Plants, Renewable Energy Power Plants, Power Grid], Energy and Utilities [Oil & Gas, Electric Power Transmission, Water Treatment & Distribution, Wastewater Collection & Treatment], Transportation System [Airports, Seaports, Railways, Other Transportation Applications], Manufacturing [Chemical & Materials, Automotive, Mining Units, Paper & Pulp, Other Manufacturing Applications], Others. Based on security type, the market is segmented into Network Security, Endpoint Security, Application Security Database Security. Based on region, the market is segmented into North America, Europe, Asia Pacific, and MEA.
Analysis by Components
The growth of the industrial sensors segment is driven by the growing adoption of Industry 4.0 and IIoT and the expansion of the wireless sensors market. Predictive maintenance is expected to offer lucrative opportunities to players operating in the industrial sensors market in the coming years. It involves capturing sensor data, facilitating data communications, and making predictions. As the sensor is an important part of predictive maintenance solutions, the demand for industrial sensors is expected to increase significantly in the coming years.
Analysis by security type
Network security is a method of protecting networks from sophisticated attacks. It consists of ICS security services, which guard different networking resources and assets in critical infrastructure management. To offer network security, it comprises several parts, including equipment and security software. By avoiding network defenses and focusing on weaknesses in the computing system, complex threats like sophisticated malware and other assaults, such as Advanced Persistent Threats (APTS), have a detrimental effect on the ICS ecosystem. Companies utilize ICS security services to stop misuse of networking resources and illegal access.
Analysis by vertical
The industrial control systems ICS security market's growth in the manufacturing sector is witnessing a robust upsurge, driven by the increasing adoption of industrial automation and interconnected systems. The interconnected nature of these systems creates vulnerabilities that cyber attackers could exploit, potentially causing operational disruptions or even physical damage. As a result, manufacturers are prioritizing investments in specialized ICS security measures such as network segmentation, intrusion detection systems, and secure remote access to fortify their operational technology networks. Compliance mandates and industry standards further propel this growth as manufacturers seek to adhere to stringent regulatory requirements while ensuring the resilience of their production processes. Moreover, the rising number of attacks on the manufacturing vertical implies an urgent need for companies with OT infrastructure responsibility to secure the endpoints of their ICS systems.
Analysis by Solution
The DCS segment is projected to account for the largest size of industrial automation market during the forecast period. The growth of this segment can be attributed to the rapid industrialization in emerging economies. Developing countries have expansion and capacity addition plans related to their power sector, which is expected to fuel the demand for DCS during the forecast period.
Analysis by Region
The Industrial Automation Market in Asia Pacific held the largest share (35.9%) of the overall market in 2021. The growth of the market in this region can be attributed to the increasing adoption of industrial automation technologies, especially across China and India. The growth of the market in China stems from the increase in labor wages and the presence of a large number of automobile manufacturing plants in the country.
Global Industrial Control Systems Security Market By System Type
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Industrial Control Systems Security Market Regional Insights
Over the projection period, North America is anticipated to gain a significant market share in the industrial control systems (ICS) market worldwide. The fourth industrial revolution, which is taking place in the U.S., involves a greater use of data for production and its integration with various manufacturing systems throughout the supply chain. The country also boasts the biggest automobile markets, which together with the aforementioned considerations are boosting demand for industrial control systems there. In addition, during the course of the forecast period, growth in the global industrial control systems (ICS) market is anticipated to be driven by Canada's recovering economy.
Over the forecast period, Asia Pacific is also anticipated to experience significant expansion in the worldwide industrial control systems (ICS) market. This can be linked to the fact that China has one of the largest industrial sectors, which is continually changing as businesses implement automation more and more. In addition, it is anticipated that rising urbanization and consumer expenditure in India will lead to more manufacturing throughout the nation. Therefore, it is anticipated that the aforementioned factors will accelerate market expansion in Asia Pacific in the years to come.
Global Industrial Control Systems Security Market By Region
- Largest
- Fastest
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Industrial Control Systems Security Market Dynamics
Industrial Control Systems Security Market Drivers
Increasing Interconnectivity
- The integration of operational technology (OT) with information technology (IT) networks and the convergence of OT and IT infrastructure are driving the demand for robust ICS security solutions. As industries embrace digital transformation, interconnected systems enable enhanced monitoring, control, and data analysis. However, this interconnectivity also expands the attack surface, making it crucial to secure the connections between IT and OT environments.
Industrial Internet of Things (IIoT) Adoption
- The proliferation of IIoT devices and the deployment of sensors, actuators, and intelligent devices in industrial settings are creating opportunities for efficiency improvements and automation. However, the expanded attack surface introduced by IIoT devices necessitates advanced security measures. The need to protect IIoT devices, networks, and data is driving the adoption of ICS security solutions.
Industrial Control Systems Security Market Restraints
Complexity of Legacy Systems
- Many industrial control systems in critical infrastructure sectors, such as energy, manufacturing, and transportation, rely on legacy systems that were not designed with robust cybersecurity features. These systems often have outdated software, limited compatibility with modern security solutions, and vulnerabilities that are challenging to address. The complexity of securing legacy systems poses a significant restraint on implementing comprehensive ICS security measures.
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Industrial Control Systems Security Market Competitive Landscape
The market for industrial control systems (ICS) is extremely competitive on a global scale. This is related to the continual R & D activities and launches of new technologies by value chain participants. In order to increase their presence on a regional and international scale, significant players are also implementing a variety of corporate growth tactics.
Industrial Control Systems Security Market Top Player’s Company Profiles
- ABB Ltd. (Switzerland)
- Airbus Defense and Space (France)
- BAE Systems plc (United Kingdom)
- Bayshore Networks, Inc. (United States)
- Cisco Systems, Inc. (United States)
- Clarity Ltd. (Israel)
- CyberArk Software Ltd. (Israel)
- Forescout Technologies, Inc. (United States)
- Fortinet, Inc. (United States)
- General Electric Company (United States)
- Honeywell International Inc. (United States)
- IBM Corporation (United States)
- Kaspersky Lab (Russia)
- McAfee LLC (United States)
- Palo Alto Networks, Inc. (United States)
- Rockwell Automation, Inc. (United States)
- Schneider Electric SE (France)
- Siemens AG (Germany)
- Trend Micro Incorporated (Japan)
- Tripwire, Inc. (United States)
- Waterfall Security Solutions Ltd. (Israel)
Industrial Control Systems Security Market Recent Developments
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July 2021- ABB announced the acquisition of ASTI Mobile Robotics Group (ASTI), a leading global autonomous mobile robot (AMR) manufacturer with a diverse portfolio spanning all major applications enabled by the company's software suite. This will broaden ABB's robotics and automation portfolio, making it the only company with a comprehensive portfolio for the next generation of flexible automation.s
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In March 2024, the Smart Factory Automation World (SFAW) event in Seoul will showcase cutting-edge automation technologies such as robotics and digital factory solutions. More than 450 companies from nine countries will convene at the COEX Convention & Exhibition Center to present their latest innovations to an anticipated audience of over 70,000 visitors.
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In October 2023, Rockwell Automation, Inc. (NYSE: ROK) and Microsoft Corp. announced an expansion of their longstanding partnership to expedite the design and development of industrial automation using generative artificial intelligence (AI). This collaboration will integrate Microsoft's Azure OpenAI Service into FactoryTalk® Design Studio™, providing pioneering capabilities to accelerate time-to-market for customers constructing industrial automation systems.
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In October 2023, Microsoft and Siemens are strengthening their collaboration to bring the advantages of generative AI to industries globally. Their initial effort involves introducing Siemens Industrial Copilot, an AI-driven assistant designed to enhance teamwork between humans and machines. Furthermore, they are launching an integration between Siemens Teamcenter software for product lifecycle management and Microsoft Teams, making it easier for design engineers, frontline workers, and other teams to collaborate virtually across different business functions.
Industrial Control Systems Security Key Market Trends
- The growing trend for organizations such as the power sector, manufacturing, and industrial areas increases the demand for ICSs to manage their industrial operations. Today, Industrial Control Systems face an extensive range of security threats almost every day. In today’s digital economy, these threats have become more advanced. At the same time, the industrial sector continues to become more dependent on control systems. Because of this, it is becoming important than ever to have an understanding of the importance of industrial cyber security and keep an eye on emerging security trends and threats. Technology is a fast-flowing stream. There is a constant necessity to provide cyber security solutions to every industrial control system. In the present situation, the top three business concerns for ICS professionals were: ensuring reliability and availability of control systems, lowering risk/improving security, and ensuring the health and safety of employees.
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The ICS security market is witnessing increased adoption of advanced security technologies to counter evolving cyber threats. This includes the integration of technologies such as artificial intelligence (AI), machine learning (ML), behavior analytics, and anomaly detection. These technologies help organizations detect and respond to sophisticated attacks, identify abnormal behaviors, and enhance the overall security posture of industrial control systems.
Industrial Control Systems Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global industrial control systems (ICS) security market is experiencing significant growth and is expected to continue expanding in the coming years. ICS security refers to the protection of critical infrastructure, industrial networks, and control systems from cyber threats and attacks. The ICS security market has witnessed substantial growth due to the increasing number of cyber threats targeting critical infrastructure sectors. As industries become more interconnected and digitized, the need to secure industrial control systems have become paramount. The market size is expected to reach billions of dollars in the coming years, driven by the growing adoption of advanced security technologies and the increasing awareness of cybersecurity risks.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 18.85 billion |
| Market size value in 2031 | USD 33.22 billion |
| Growth Rate | 6.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Control Systems Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Control Systems Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Control Systems Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Control Systems Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Control Systems Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Control Systems Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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