Industrial Control Systems (ICS) Security Market Forecast 2024-2033

Overview and Scope
Industrial control systems (ICS) security refers to the measures and practices that are put in place to protect industrial control systems. ICS security includes both technical and operational measures to ensure the confidentiality, integrity, and availability of these systems.

Sizing and Forecast
The industrial control systems (ics) security market size has grown strongly in recent years. It will grow from $16.49 billion in 2023 to $17.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased interconnectivity, rise in cyber attacks, regulatory mandates, awareness of industrial cyber risks, technological advancements in attacks.

The industrial control systems (ics) security market size is expected to see strong growth in the next few years. It will grow to $24.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increased connectivity and iiot expansion, rise in cyber threat sophistication, regulatory compliance evolution, integration of ai and machine learning, focus on supply chain resilience. Major trends in the forecast period include rise in cyber threats, integration of it/ot networks, regulatory compliance requirements, adoption of remote access solutions, focus on supply chain security..

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Segmentation & Regional Insights
The industrial control systems (ics) security market covered in this report is segmented –

1) By Component: Solution, Service
2) By Security Type: Network Security, Endpoint Security, Application Security, Database Security
3) By System Type: SCADA, DCS, PLC, Other Types
4) By Applications: Power And Energy, Critical Manufacturing, Mining, Water Utility, Transportation, Chemical, Other Applications

North America was the largest region in the industrial control systems (ICS) security market in 2023. The regions covered in the industrial control systems (ics) security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising number of cyberattacks on critical infrastructure is expected to propel the growth of the industrial control systems (ICS) security market going forward. Critical infrastructure refers to the systems and assets that are essential for the functioning of a society and economy, such as power and water systems, communications networks, transportation systems, and financial and government institutions. Due to the importance of these infrastructures, it is essential for organizations that operate critical infrastructure to implement robust cybersecurity measures to protect their systems and assets from cyber threats. This will lead industries to adopt industrial control systems (ICS) security. For instance, according to a DDoS threat intelligence report published by NetScout Systems, Inc., a US-based cyber security provider, in 2022, DDoS cyber-attack reported a total count of 6,019,888 across the globe with a rise in TCP (transmission control protocol) attacks, including a 21% increase in TCP SYN/ACK and a 20% increase in TCP RST (Reset) attacks, compared to 2021. Further, in the first half of 2022, the Asia-Pacific region recorded about 1.3 million DDoS attacks targeting major organizations. Therefore, the rising number of cyberattacks on critical infrastructure is driving the industrial control systems (ICS) security market.

Key Industry Players

Major companies operating in the industrial control systems (ICS) security market report are ABB Group, Honeywell International Inc., Cisco Systems Inc., Fortinet Inc., Palo Alto Networks Inc., Lockheed Martin Corporation, BAE Systems, Raytheon Technologies, CyberArk Software Ltd., Check Point Software Technologies Ltd., Darktrace Ltd., Kaspersky Lab ZAO, Nozomi Networks Inc., Cyberbit Ltd., Belden Inc., Airbus SE, FireEye Inc., Claroty Ltd., Sophos Group PLC, Dragos Inc., Tenable Inc., IBM Corporation, Broadcom Inc., Rockwell Automation Inc., Trend Micro Inc., Schneider Electric SE, Trellix Communications Inc., Radiflow Ltd., Verve Industrial Protection Inc., Forescout Technologies Inc., Bayshore Networks Inc., CyberX Inc., Indegy Inc. .

The industrial control systems (ics) security market report table of contents includes:

1. Executive Summary

2. Industrial Control Systems (ICS) Security Market Characteristics

3. Industrial Control Systems (ICS) Security Market Trends And Strategies

4. Industrial Control Systems (ICS) Security Market – Macro Economic Scenario

5. Global Industrial Control Systems (ICS) Security Market Size and Growth
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31. Global Industrial Control Systems (ICS) Security Market Competitive Benchmarking

32. Global Industrial Control Systems (ICS) Security Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Industrial Control Systems (ICS) Security Market

34. Industrial Control Systems (ICS) Security Market Future Outlook and Potential Analysis

35. Appendix

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