Industrial Control Systems (ICS) Security Market Size, Share, Trends, Key Players, Demand and Opportunities by 2023

The industrial control systems (ICS) security market is growing by a considerable rate due to huge investments by countries globally towards smart technologies, and increasing cyber risks such as stuxnet and night dragon. Increasing smart grid deployments, cloud computing for critical infrastructure protection, and increase in spending by the industries for industrial control systems are some of the factors creating ample opportunities for the industrial control systems market to grow in the coming years.

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The industrial control systems security market can be categorized on the basis of technology, services, end users, and regions. On the basis of technology, the industrial control systems security market can be categorized as application whitelisting, virtualization security, intrusion detection system, database activity monitoring, distributed denial of service, security information and event management, intrusion prevention system, update and patch management, unified threat management, antivirus or malware, data loss prevention, firewall, and supervisory control and data acquisition (SCADA) encryption.

On the basis of services, the industrial control systems security market can be categorized as managed services, risk management services, audit and reporting, design, integration and consulting.

One of the major factors driving the growth of the industrial control systems market are deployment of cloud, smart phones, and tablets in supervisory control and data acquisition (SCADA) and ICS. Regulatory compliance set up by the government of various countries for operation, maintenance, and security of critical infrastructure is also supporting in the growth of the industrial control systems market to some extent. Lack of expertise and ICS understanding, lack of apprehension about network security by operators, and presence of legacy control systems which are more prone to cyber threats are some of the factors restraining the growth of the industrial control systems market.

Some of the competitors in the industrial control systems market are Cisco Systems, Inc., Siemens AG, Juniper Networks, Inc., Lockheed Martin Corporation, Honeywell International, Inc., International Business Machines Corporation, Trend Micro Incorporated, Airbus Group SE, Tofino Security and ABB Ltd.

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