Industrial Control System Security (ICS) market size was valued at $10.56 billion in 2019, and it is estimated to grow at a CAGR of 6.54% during 2020-2025. The growth is mainly attributed to the increasing adoption of IoT and automation technologies in industries is set to drive the market growth. Increasing investments on smart grid deployments and cloud computing for critical infrastructure protection in industries further propel the market growth. Increased demand for process automation and remote control has made existing infrastructure vulnerable to cyber-attacks, thereby compromising the integrity of critical information which set to drive the ICS security market.
The report: “Industrial Control System Security Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Industrial Control System Security Market.
By Solution: Antivirus, Distributed Denial of Service Mitigation, Firewall, Security Information and Event Management, Security Configuration Management, Security and Vulnerability Management and Others
By Service: Consulting and Integration Services, Support and Maintenance Services, Training and Development Services, Incident Response Services, Managed Security Services
By Security Type: Network Security, Endpoint Security, Application Security, Database Security
By Industry Vertical: Power, Energy & Utilities, Transportation Systems, Manufacturing, Others
By Geography: North America (U.S., Canada and Mexico); South America (Brazil, Argentina, Rest of Americas); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); RoW (Middle East & Africa)
- North America dominated the Industrial Control System Security market in term of revenue in 2019 owing to the early adoption of advanced technologies and presence of major number of players.
- Adoption of advanced technologies such as IoT in industries and stringent regulations for security is poised to propel the market growth.
- Increasing adoption of Industrial Control System Security in transportation sector for various applications such as aviation, maritime is set to drive the market growth.
- Lack of awareness in ICS security hamper the market growth.
Type - Segment Analysis
Network Security held the major share of 28.96% in 2019. Network security solutions include access control, anti-virus and anti-malware software, application security, behavioral analytics, cloud security, data loss prevention, firewalls, intrusion prevention systems, wireless security and among others. Network security also assist industries in keeping sensitive data, such as personal information and confidential business materials, away from unauthorized individuals. This set to drive the market growth.
Industry Vertical - Segment Analysis
Transportation is the fastest growing segment in Industrial Control System Security market and estimated to grow at a CAGR of 6.12% during forecast period 2020-2025. Increasing adoption of ICS security for critical transportation networks such as surface transportation, highway, aviation, maritime, and pipeline is set to drive the market growth. Maritime transport components such as vessels, ports, and others play a crucial role in facilitating large scale trade operations. Therefore, securing these systems is highly important in order to ensure the smooth functioning of vessel and port operations drive the ICS security market. The Aviation is one of the most advanced in its use of cybersecurity standards. Increasing security standards in transportation sector is poised to create opportunities for the market growth during forecast period.
Geography- Segment Analysis
North America dominated the Industrial Control System Security market in 2019 with a market share of 33.58%, followed by Europe and APAC owing to the early adoption of advanced technologies such as IIoT, automation technologies and others. Additionally, the presence of high number of players, and high adoption rate of Industrial Control System Security in this region set to drive the market. Additionally, stringent regulation standards such as Department of Homeland Security (DHS), Control Systems Security Program (CSSP) and The National Institute of Standards and Technology (NIST) are poised to propel the market growth. These regulations issued an ICS security guide in order to reduce ICS-related issues such as malicious attacks, asset failures and other cyber threats. The growing concern for the protection of ICS and sensitive data has increased government interventions and this has been driving the market in this region.
Drivers –Industrial Control System Security Market
- Increasing cyber threats on critical infrastructure drive the market growth
Growing number of cyber threats has been pushing the industrial control system security market. Industrial control systems in manufacturing, chemical, energy, and other industries is increasing with growing number of cyber-attacks. As hacking groups of all kinds attempt to breach the networks of industries, there has been increasing adoption of ICS security which set to drive the market growth. In addition to these, adoption of advanced technologies had led to the creation of huge data and this has further created demand for ICS security, thereby driving the market.
- Adoption of advanced technologies
Adoption of advanced technologies such as Internet of Things (IoT) in industries has created demand for ICS security market. The huge number of connected sensors and controllers in the industrial network infrastructure has made more complex for security. Increasing adoption of IoT technology and other network devices in industries has increased the threat surface for the criminals. This has made a critical requirement for ICS security in IoT applications of organizations, thereby driving the market.
Challenges – Industrial Control System Security Market
- Lack of awareness about Industrial Control System Security
One of the major challenge is the lack of security awareness and vulnerabilities associated with the systems in enterprises. In many ICS environments, automated asset management and configuration controls are not leveraged. Lack of understanding in asset network management creates vulnerability issue which hampers the market growth. In addition to these, there is a lack of collaboration between ICS and security vendors for the innovation of the right technologies. As there is increase in adoption of advanced technologies by ICS vendors, there has been an increase in interconnectivity within the existing corporate networking infrastructures and internet, making ICS more exposed to threats. Therefore, organizations face a major challenge in understanding the nature of targeted attacks and ensuring protection against them and this restricts the market growth.
Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Industrial Control System Security market. Industrial Control System Security top 10 companies include ABB, Check Point Software Technologies, Cisco, Honeywell, Mcafee, Fireeye, BAE Systems, Bayshore Networks, Cyberark, Indegy and others.
- In October 2019, ABB had collaborated with IT companies such as Microsoft, Israel-SCADAfence, Check Point Software and Fortinet in order to improve ICS security and cyber risk. Collaboration with leading IT companies for enhancing ICS security and this is poised to increase the Company’s industrial control system security market share.
- In March 2020, Dubai Electronic Security Centre (DESC) had launched industrial security standard for the city in order to enhance the industrial sector’s digital infrastructure against the increase in cyber-attacks and this set to drive the market growth.