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ICS Security Market Overview, Growth Challenges Survey & Forecast to 2026

Wire India
wirerelease

Selbyville, Delaware, United States, November 5 2020 (Wiredrelease) Global Market Insights, Inc –:The ICS security market is estimated to garner considerable revenue growth on account of prompting need for efficient cybersecurity solutions. ICS security focuses on protecting integrated software and hardware developed to control and monitor the operation of machinery and other related devices used in industrial environments.

ICS applications are used in diverse range of industries, helping manage, administer and monitor everything from utilities and nuclear plants to robotics, HVAC installations, and prison cell doors. Growing prevalence of cyberattacks on crucial infrastructure systems could drive the demand for effective ICS security platforms over the forthcoming years. Rising demand for protection against cyberthreats across ICS and OT systems would proliferate service significance. Global Market Insights, Inc., therefore predicts that the ICS security market might cross USD 12 billion by the year 2026.

Integrated hardware and software components have become the backbone of industrial units and play an integral role in automating multiple industrial processes. These components mainly include distribution control and supervisory control systems. Any vulnerability or malfunction caused by malware attacks to these components could lead to a substantial financial loss.

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In regard to applications, ICS security market is fragmented into critical manufacturing, power and energy, water utility, mining, chemical, and transportation. Out of these, the power and energy application segment managed to dominate global ICS security share in 2019 and is projected to maintain a stronghold on the market throughout the predicted timeframe. Organizations operating in the energy sector are rapidly implementing robotics and IoT systems in their process. 

However, this trend has made these systems vulnerable to cyber-threats. As a matter of fact, the energy industry is considered to be the most vulnerable sector for ICS attacks and has been listed under one of the most impacted industries over the last five to seven years. As per US ICS-CERT, a total of 509 vulnerabilities were identified across different ICS components in 2019.

On the regional aspect, North America is considered to be a strategical ground for ICS security companies and is forecasted to hold more than 30% of the global market share by the end of 2026. Factors like surging cyberattacks and growing investments across the U.S. oil & gas sector could play a vital role in strengthening the demand for ICS security solutions.

Federal authorities have begun to invest in projects that are geared towards supporting the development of security solutions for industrial infrastructures. Meanwhile, industry players are developing advanced security solutions to minimize cyber threats. Taking April 2020 for instance, Dragos Inc. released its Neighborhood Watch Network Visibility and Threat Detection Services for industrial units, helping the firm offer a comprehensive security solution.

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Table Of Content:

Chapter 5    ICS Security Market, By Security Type

5.1    ICS security market, key trends, by security type

5.2    Network security

5.2.1    Market estimates and forecast, 2015-2026

5.3    Application security

5.3.1    Market estimates and forecast, 2015-2026

5.4    Endpoint security

5.4.1    Market estimates and forecast, 2015-2026

5.5    Database security

5.5.1    Market estimates and forecast, 2015-2026

Chapter 6    ICS Security Market, By Component

6.1    ICS security market, key trends, by component

6.2    Solution

6.2.1    Market estimates and forecast, 2015-2026

6.2.2    SCADA encryption

6.2.2.1    Market estimates and forecast, 2015-2026

6.2.3    Firewall

6.2.3.1    Market estimates and forecast, 2015-2026

6.2.4    Antivirus/Anti-malware

6.2.4.1    Market estimates and forecast, 2015-2026

6.2.5    Intrusion detection and prevention

6.2.5.1    Market estimates and forecast, 2015-2026

6.2.6    Identity and access management (IAM)

6.2.6.1    Market estimates and forecast, 2015-2026

6.2.7    Distributed Denial of Service (DDoS) solution

6.2.7.1    Market estimates and forecast, 2015-2026

6.2.8    Data loss prevention (DLP)

6.2.8.1    Market estimates and forecast, 2015-2026

6.2.9    Virtualization security

6.2.9.1    Market estimates and forecast, 2015-2026

6.2.10    Security information and event management

6.2.10.1  Market estimates and forecast, 2015-2026

6.2.11    Unified threat management

6.2.11.1  Market estimates and forecast, 2015-2026

6.2.12    Other

6.2.12.1  Market estimates and forecast, 2015-2026

6.3    Service

6.3.1    Market estimates and forecast, 2015-2026

6.3.2    Managed service

6.3.2.1    Market estimates and forecast, 2015-2026

6.3.3    Integration & consulting

6.3.3.1    Market estimates and forecast, 2015-2026

6.3.4    Audit & reporting

6.3.4.1    Market estimates and forecast, 2015-2026

6.3.5    Risk management

6.3.5.1    Market estimates and forecast, 2015-2026

Chapter 7    ICS Security Market, By Application

7.1    ICS security market, key trends, by application

7.2    Power & energy

7.2.1    Market estimates and forecast, 2015-2026

7.3    Critical manufacturing

7.3.1    Market estimates and forecast, 2015-2026

7.4    Mining

7.4.1    Market estimates and forecast, 2015-2026

7.5    Water utility

7.5.1    Market estimates and forecast, 2015-2026

7.6    Transportation

7.6.1    Market estimates and forecast, 2015-2026

7.7    Chemical

7.7.1    Market estimates and forecast, 2015-2026

7.8    Other applications

7.8.1    Market estimates and forecast, 2015-2026

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/industrial-control-systems-ics-security-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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