Industrial Control Systems Security Market Share, Development Strategy, Opportunities And Emerging Trends 2020-2027

Waste to Energy Market
Waste to Energy Market

The industrial control system security market is expected to grow substantially over the forecast period owing to the rising cyber threats like Night Dragon Operation and Stuxnet in various industries. The growing smart grid implementations, cloud technology for essential infrastructure security, and increasing corporate investment on industrial control systems are expected to further boost the market growth.

Industrial Control Systems Security Market Size – USD 15.24 billion in 2019, Market Growth – CAGR of 6.9%, Market Trends – The rise in the application of smart grid technology for crucial infrastructure security.

The lack of awareness of industrial control systems among several organizations and the complexities of implementing and updating industrial control systems are anticipated to restrain the market growth over the forecast period.

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Key Highlights From The Report

  • In order to enhance industrial control systems security to prevent cyber-attack, ABB Inc. had collaborated with IT firms like Microsoft, Check Point Software, Israel-SCADAfence, and Fortinet. With this collaboration, ABB Inc. will enhance the quality of its systems shortly.
  • Owing to significant benefits such as enhanced security controls, improved cybersecurity, vulnerability prevention, enhanced monitoring, quick and simple implementation, effective integration with networks, the endpoint security segment held the largest market with a share of 32.7% in 2019 in the industrial control systems security market.
  • The consultancy and integration segment is anticipated to dominate the market over the forecast period owing to benefits such as improved efficiency, centralized, safe storage, easy operation, time and cost-efficiency, real-time connectivity, and transparency.
  • The Identity and Access Management segment is expected to dominate the market during the forecast period, as it includes programs such as password management, user provisioning, and improved encryption that allow users to access and manage network access.

Cue Members Interested In Industrial Control Systems Security Industry:

The Industrial Control Systems Security report also includes a list of the leading players in the market and expounds on their action plans for drawing higher revenues. The leading market players profiled in the report include BAE Systems plc, Cisco Systems, Inc., Honeywell International Inc., Claroty Ltd., CyberArk, Airbus SE, Palo Alto Networks, Inc., Sophos Group plc, ABB Inc., and Indegy Ltd. among others. Furthermore, a detailed account of the key industry developments, viable market insights, and current market trends is also available in this report.

With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Industrial Control Systems Security market, the report estimates the CAGR for the market during the projected timeframe.

Geographical Terrain of the Global Industrial Control Systems Security Market:

  1. North America
  2. Europe Asia Pacific
  3. Latin America
  4. Middle East & Africa

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The report highlights the robust growth trajectory of the global Industrial Control Systems Security market, shedding light on significant market development. At the same time, the document offers detailed insights into the pertinent industries, business organizations, and various local and international manufacturers and vendors.

The Industrial Control Systems Security market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2027. In addition, downstream demand analysis, upstream raw materials, consumption volume, and the market share of all the segments and sub-segments have also been discussed at length in the latest report. According to our analysts, the research methodology of the Industrial Control Systems Security market is based on both primary and secondary research data sources.

Emergen Research has segmented the global Industrial Control Systems Security Market on the basis of security type, service, solution, end-use, and region:

  • Security Type Outlook (Revenue, USD Billion; 2017-2027)
    • Network
    • Application
    • Database
    • Endpoint
  • Service Outlook (Revenue, USD Billion; 2017-2027)
    • Incident Response Services
    • Support and Maintenance
    • Managed Security Services
    • Consultation and Integration
    • Training and Development
  • Solution Outlook (Revenue, USD Billion; 2017-2027)
    • Identity & Access Management
    • Distributed Denial of Service Solution
    • Firewall
    • Unified Threat Management
    • Antivirus/Anti-Malware
    • SCADA Encryption
    • Virtualization Security

Alongside offering an in-depth analysis of the recent events that took place in the Industrial Control Systems Security industry, such as technological upgradation and new product launches, the report lays stress on the consequences of these events on the market.

Reasons to choose Emergen Research

Regional Demand Forecasts and Forecasts

Product price volatility

Technology update analysis

Location index analysis

Raw material procurement strategy

Competitiveness analysis

Product composition matrix

Vendor management

Cost-effectiveness analysis

Supply chain optimization analysis

The report focuses on the global Industrial Control Systems Security market definition, market overview, product scope, description, characterization, and specification. The overall information offered by the report is based on thorough research on the latest market trends, development plans, growth patterns, and regulatory policies.

TOC OF Industrial Control Systems Security Industry

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Industrial Control Systems Security Market Segmentation & Impact Analysis
4.1. Industrial Control Systems Security Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing cyber threats on critical infrastructure
4.2.2.2. Growing adoption of industrial automation and IoT
4.2.3. Market restraints analysis
4.2.3.1. Complexities of implementing and updating industrial control systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Industrial Control Systems Security Market By Security Type Insights & Trends, Revenue (USD Billion)
5.1. Security Type Dynamics & Market Share, 2019 & 2027
5.1.1. Network
5.1.2. Application
5.1.3. Database
5.1.4. Endpoint

Continue..!!

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