Global ICS Security Market Size to exceed $7bn by 2024

ICS Security Market size is set to exceed USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc.

The ICS security market growth is attributed to the rising need among organizations to deploy security framework and cybersecurity solutions for improving the control systems security. Cyber attackers use several attack methods, such as phishing, ransomware, and denial of service, to exploit systems and achieve attack goals. Cyberattacks on these systems adversely impact the availability safety and reliability of the operations and the value chain. This facilitates the need for securing ICS infrastructure to limit access to any device, which exists on the network including SCADA applications and other critical components. Another factor augmenting ICS security market growth is the rising need for process automation and remote control, which makes the existing infrastructure prone to network attacks. According to Kaspersky, around 41.2% of ICS computers were attacked at least once in the first half of 2018. This increases the demand for network systems monitoring and management tools such as firewalls, intrusion detection systems, and anti-malware.


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The endpoint security segment is projected to hold a major ICS security market share of over 25% by 2025 due to the rising need among organizations to secure their endpoints or devices such as laptops, desktops, and mobile devices. As these endpoints serve as a point of access to enterprise networks, the need to adopt and protect these endpoints from external network threats becomes crucial. The proliferation of Bring Your Own Device (BYOD) trend is also resulting in the rise of multiple endpoint vulnerabilities, thus increasing the adoption of deploying endpoint security software to secure devices accessing the network.

ICS Security Market

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The SCADA encryption market is expected to hold a market share of around 10% by 2025 due to the increasing usage of these systems for monitoring geographically remote operations. The SCADA systems are extensively used in various critical industrial sectors such as power, manufacturing, chemical, and oil & gas. It becomes imperative to protect these systems from malicious attacks. Also, as the deployment of these systems can cost organizations a huge amount, it becomes essential for them to implement SCADA security measures to prevent disruption caused by internal and external threats.

Browse key industry insights spread across 300 pages with 304 market data tables & 31 figures & charts from the report, “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, 2018 - 2024” in detail along with the table of contents:

The mining sector is expected to hold a ICS security market share of over 10% by 2024 due to rising cyberattacks on the mining companies. The sector is witnessing a rise in the adoption of sensor technology, which resulted in the rise in the number of security threats, thus making sensitive information, such as pricing data for metals, mineral processing methods, and production technologies, exposed to the attackers. To keep the mining operations on track, the mining companies need to adopt on-premise as well as cloud-based security solutions, enabling them to manage potential issues early.

The North America ICS security market held a dominant share in 2017 and is expected to maintain its position over the forecast timeline due to an extensive adoption of cybersecurity solutions to address the rapidly evolving threat landscape. It is estimated that the malicious activity cost the U.S. economy between USD 57 billion and USD 109 billion in 2016. The government agencies in the region are taking steps to deter malicious cyberattacks and prevent further escalation. Various government institutions as well as industry associations, such as NIST, ISA 99 committee, and NERC, are involved in developing and issuing guidelines & best practices for securing OT environments against evolving cyber threats.

Companies operating in the ICS security market are laying more emphasis on product innovation supported by R&D investments and strategic collaborations to maintain their competitive position in the market. In February 2018, France-based Schneider Electric partnered with Cylance to improve its ICS cybersecurity. This partnership will enable Schneider Electric to meet the rising customer demands for enhanced cybersecurity assistance by offering better cybersecurity-based consulting services. In December 2017, Leidos partnered with Clarotyan, an innovator in (OT) network protection, thereby providing improved cybersecurity for Leidos’ customers for critical infrastructure and industrial networks. With this partnership, Leidos’ customers can manage and protect their critical networks in a better manner.

Some of the key players operating in the market are ABB, Bayshore Networks, Belden, Cisco, Cyberbit, Nozomi Networks, Raytheon, BAE Systems, Dragos, Fortinet, Honeywell, IBM, Kaspersky, General Electric, FireEye, McAfee, Claroty, Schneider Electric, SecurityMatters, Rolloos, Symantec, and Trend Micro.

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The ICS security market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024 for the following segments:

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 & 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

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

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • Australia & New Zealand (ANZ)
    • South Korea
    • India
    • Brazil
    • Mexico
    • Argentina
    • GCC
    • South Africa


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