Industrial Control Systems (ICS) Security Market Size By Security Type (Network Security, Application Security, Endpoint Security, Database Security), By Component (Solution [Firewall, SCADA Encryption, Antivirus/Anti-Malware, Intrusion Detection & Prevention, Identity & Access Management {IAM}, Distributed Denial of Service {DDoS} Solution, Data Loss Prevention {DLP}, Virtualization Security, Security Information and Event Management {SIEM}, Unified Threat Management {UTM}], Service [Managed Service, Integration & Consulting, Audit & Reporting, Risk Management]), By Application (Power and Energy, Critical Manufacturing, Mining, Water Utility, Transportation, Chemical), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI2680  |  Authors: Preeti Wadhwani, Sachin Kasnale

Report Format: PDF   |   Pages: 316   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

ICS Security Market size exceeded USD 2 billion in 2019 and is estimated to grow at a CAGR of over 20% between 2020 and 2026. The market growth is attributed to significant rise in number of vulnerabilities detected in ICS components in different industrial sectors.
 

Other critical systems, such as propulsion and machinery management systems, cargo management systems, power control systems, SCADA systems, and access control systems, are also at a high risk of being attacked by cyber criminals. ICS security solutions offered by leading vendors in the ecosystem can be quickly deployed and scaled to effectively monitor and mitigate Operational Technology (OT) risks across multiple facilities to reduce overall security management costs.
 

Also, the threat of cyber attacks on critical infrastructure establishments during the COVID-19 pandemic has emerged as an important concern for government authorities to ensure the required security measures.
 

ICS Security Market

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Industrial Control System (ICS) is a general terminology collectively used for different types of control systems including Distributed Control Systems (DCS), Supervisory Control & Data Acquisition (SCADA), and other configurations, such as Programmable Logic Controllers (PLC), usually operating in critical infrastructures in a diverse range of industrial sectors.
 

ICS security refers to the process of securing information by preventing, detecting, and responding to different types of attacks such as malware attacks, ransomware attacks, DDOS attacks, and network intrusion attacks. ICS security standards and regulatory policies are expected to play a key role in market growth.
 

Industrial Control Systems (ICS) Security Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 2 Billion (2019)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 20% 2026 Value Projection: USD 12 Billion (2026)
Pages: 316 Tables, Charts & Figures: 313
Geographies covered (17): U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Australia & New Zealand, Brazil, Mexico, Argentina, GCC, South Africa
Segments covered: Security Type, Component, Application and Region
Companies covered (25): 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.
Growth Drivers:
  • Increasing incidents of cyber-attacks on critical infrastructure industrial operations
  • Growing adoption of IIoT
  • Advancements in smart technologies for identity management
  • Government initiatives for ICS security
Pitfalls & Challenges:
  • Prevalence of legacy security systems
  • Lack of in-house technical expertise
  • Growing inclination towards renewable energy sources

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IAM segment grow exponentially from 2020 to 2026 in the UK market

Identity and Access Management (IAM) component segment will witness around 30% growth in the UK ICS security market as it encompasses technologies, such as password management, user provisioning, and advanced authentication, which enable and maintain users’ access to network resources. The increasing adoption of the Bring Your Own Devices (BYOD) trend among enterprises to reduce the cost of operation is a major factor augmenting the market demand.
 

Organizations have implemented the BYOD approach that allows employees to access e-mails, corporate resources, and sensitive data of organizational and business applications using their personal devices from any location.
 

Network security segment will lead the U.S. market throughout the forecast period

In the U.S., the network security segment is expected to hold the market share of over 30% by 2026 owing to growing demand for protecting integrity and usability of the data and network connecting different industrial applications. The integration of vessels with multiple other systems, which are connected through the internet also affects the network security of the industry. To get rid of the rising network security breaches, the governments of various countries have adopted laws and regulations, enhancing network security.
 

Major industry players in China are adopting managed services to reduce cost overheads

China ICS Security Market By Service

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The managed services segment in the China ICS security market is predicted to account for 20% revenue share by 2026 as managed service providers enable companies to minimize risks of cybercrimes and enhance the security of their critical industrial systems and network infrastructures.
 

Rising inclination toward cloud platforms to meet workplace requirements will also accelerate the need for managed services to ensure effective management of an organization’s network systems. The managed services also help companies to lower the risk of cybercrimes as the market offers timely and enhanced ICS security management to keep the operations active continuously. 
 

Significant demand for ICS security solutions across the manufacturing sector in Mexico

In Mexico, the critical manufacturing segment is poised to register gains at more than 25% till 2026 led by rapid adoption of smart products, sensor technologies, IoT strategies, and analytics across manufacturing companies to improve business efficiency. The critical manufacturing sector is the second most vulnerable sector to ICS cyber threats. The sector includes companies such as producers of metals, automakers, aviation equipment manufacturers, and machinery & electrical equipment manufacturers.
 

Asia Pacific is anticipated to grow rapidly through 2026

Asia Pacific ICS Security Market By Region

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Asia Pacific ICS security market size is expected to expand at over 30% CAGR during the forecast period.  The rising number of cybercrimes in this region has resulted in increased acceptance of ICS security systems, fueling the market growth. Various companies are investing huge funds in this region to improve cybersecurity offerings and assist startups to make their way into the market.
 

India is a highly vulnerable target for ICS cyberattacks due to the lack of adequate security measures in the industrial sectors. Between April 2017 and January 2018, over 22,000 websites including 114 government portals were hacked by attackers. While the country’s vulnerability is significantly high, cases of cyberattacks are often underreported due to the absence of mandatory requirements.
 

The advancement in the manufacturing sector in developing countries, such as India and China, is also fueling the demand for ICS security solutions. Moreover, supportive government initiatives for development of smart factory projects in the region will boost the market demand.
 

Strategic acquisition is the key market strategy adopted by major market players

Industry players are focusing on strategic acquisitions of innovative ICS security startups to enhance their capabilities of industrial cybersecurity solutions. For instance, in June 2019, Cisco Systems acquired Sentryo SA, a France-based ICS security solution provider. This helped the company to add Sentryo’s portfolio to its offerings and provide innovative ICS security solutions to companies operating in manufacturing, oil & gas, and energy sectors.
 

The major companies operating in the ICS security market are 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.
 

The industrial control systems (ICS) security market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

Market by Security Type

Market by Component

  • Solution
    • Firewall
    • SCADA Encryption
    • Antivirus/Anti-Malware
    • Intrusion Detection & Prevention
    • Identity & Access Management (IAM)
    • Distributed Denial of Service (DDoS) Solution
    • Data Loss Prevention (DLP)
    • Virtualization Security
    • Security Information and Event Management (SIEM)
    • Unified Threat Management (UTM)
    • Others
  • Service
    • Managed Service
    • Integration & Consulting
    • Audit & Reporting
    • Risk Management

Market by Application

  • Power and Energy
  • Critical Manufacturing
  • Mining
  • Water Utility
  • Transportation
  • Chemical
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • South Korea
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • South Africa
    • GCC
       

Frequently Asked Questions (FAQ) :

The market size of ICS security crossed USD 2 billion in 2019.
The industry share of ICS security is estimated to grow at a CAGR of over 20% between 2020 and 2026.
According to the analysts at GMI, the Asia Pacific market size is expected to expand at over 30% CAGR during the forecast period.
In the U.S., the network security segment is expected to hold the market share of over 30% by 2026 owing to growing demand for protecting integrity and usability of the data and network connecting different industrial applications.
The major companies in the market are 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.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 316
  • Tables: 279
  • Charts / Figures: 34
  • Companies covered: 25
  • Countries covered: 17

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