Industrial Control Systems (ICS) Security Market by Solution, Service, Security Type, Vertical, and Region - Global Forecast to 2023

  • ID: 4617514
  • Report
  • Region: Global
  • 194 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • ABB
  • Belden
  • Cyberbit
  • Honeywell
  • Nozomi Networks
  • Schneider Electric
  • MORE

“Convergence of IT and OT is expected to drive the overall growth of the ICS security market.”

The global Industrial Control Systems (ICS) security market is expected to grow from USD 13.20 billion in 2018 to USD 18.05 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. The ICS security market growth is driven by various factors, including huge investments by organizations in Industry 4.0, convergence of Information Technology (IT) and Operational Technology (OT), and rise in the number of cyber threats on the critical infrastructure. However, growing concerns about power outage, due to frequent security updates, and legacy ICS being more prone to cyber-attacks may hinder the growth of the market.

The encryption solution is expected to grow at the highest CAGR during the forecast period

The encryption solution is expected to be the fastest growing segment in the ICS security market. The ICS security market by solution has been segmented into antimalware/antivirus, Distributed Denial of Service (DDoS) mitigation, encryption, firewall, Identity and Access Management (IAM), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), security and vulnerability management, security configuration management, Security Information and Event Management (SIEM), whitelisting, and others. Encrypting ICS helps mitigate common attacks, such as data thefts and DDoS attacks, and provides high reliability, performance, and availability of the network on-demand.

The energy and utilities vertical is expected to hold the largest market share during the forecast period

Companies in the energy and utilities vertical are adopting next-generation ICS security solutions and services to safeguard the industrial network, endpoint, application, data, and cloud environment. Energy and utilities plants and organizations are highly prone to cyber-attacks and physical attacks. Any cyber-attack can bring down the entire plant and result in health hazards, environmental hazards, and huge financial loss. On the other hand, the manufacturing vertical is expected to grow at the highest CAGR during the forecast period. The growth in the manufacturing vertical in the ICS security market can be attributed to the increasing cyber-attacks on critical manufacturing industries, such as automotive, chemical, and mining.

The Middle East and Africa (MEA) is expected to record the fastest growth rate during the forecast period

MEA is expected to have the fastest growth rate during the forecast period, due to the wide-scale adoption of ICS security solutions in every vertical in the region for protecting the network infrastructure, applications, and other critical infrastructure from vulnerabilities and preventing attackers from exploiting security flaws to illegally access critical information. Key MEA countries that are showing high adoption of ICS security solutions and services include the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Israel, and South Africa. Moreover, North America is projected to hold the largest market size during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the ICS security marketplace.

  • By Company Type: Tier I: 35%, Tier II: 55%, and Tier III: 10%
  • By Designation: C-Level Executives: 60%, Directors: 25%, and Others 15%
  • By Region: North America: 25%, Europe: 35%, APAC: 25%, MEA: 10% and Latin America: 5%

The study includes an in-depth competitive analysis of key players in the ICS security market, along with their company profiles, recent developments, and key market strategies.

Research Coverage

The market study covers the ICS security market across segments. It aims to estimate the market size and the growth potential of this market across different segments, such as solutions, services, security types, verticals, and regions. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall ICS security market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their business and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • ABB
  • Belden
  • Cyberbit
  • Honeywell
  • Nozomi Networks
  • Schneider Electric
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Industrial Control Systems Security Market
4.2 Market By Component, 2018–2023
4.3 Market By Service, 2018–2023
4.4 Market By Vertical and Region

5 Market Overview

5.1 Market Dynamics
       5.1.1 Drivers
                5.1.1.1 Huge Investments By Organizations in Industry 4.0
                5.1.1.2 Convergence of IT and OT
                5.1.1.3 Rise in Cyber Threats on Critical Infrastructure
       5.1.2 Restraints
                5.1.2.1 Power Outage Due to Frequent Security Updates
                5.1.2.2 Legacy ICS Being More Prone to Cyber-Attacks
       5.1.3 Opportunities
                5.1.3.1 Rise in Cloud-Based Scada Systems
                5.1.3.2 Reliance of ICS on Big Data Analytics
                5.1.3.3 Strategic Partnerships Between ICS Security and Cyber Insurance Vendors
       5.1.4 Challenges
                5.1.4.1 Lack of Awareness About ICS Security

6 Industrial Control Systems Security Market, By Solution

6.1 Introduction
6.2 Antimalware/Antivirus
6.3 Distributed Denial of Service Mitigation
6.4 Encryption
6.5 Firewall
6.6 Identity and Access Management
6.7 Intrusion Detection System/Intrusion Prevention System
6.8 Security and Vulnerability Management
6.9 Security Configuration Management
6.10 Security Information and Event Management
6.11 Whitelisting
6.12 Others

7 Industrial Control Systems Security Market, By Service

7.1 Introduction
7.2 Consulting and Integration Services
7.3 Support and Maintenance Services
7.4 Training and Development Services
7.5 Incident Response Services
7.6 Managed Security Services

8 Market Analysis By Security Type

8.1 Introduction
8.2 Network Security
8.3 Endpoint Security
8.4 Application Security
8.5 Database Security

9 Industrial Control Systems Security Market By Vertical

9.1 Introduction
9.2 Power
       9.2.1 Nuclear Power Plants
       9.2.2 Thermal and Hydropower Plants
       9.2.3 Renewable Energy Power Plants
       9.2.4 Power Grid
9.3 Energy and Utilities
       9.3.1 Oil and Gas
       9.3.2 Electric Power Transmission
       9.3.3 Water Treatment and Distribution
       9.3.4 Wastewater Collection and Treatment
9.4 Transportation Systems
       9.4.1 Airports
       9.4.2 Seaports
       9.4.3 Railways
       9.4.4 Others
9.5 Manufacturing
       9.5.1 Chemicals and Materials
       9.5.2 Automotive
       9.5.3 Mining Units
       9.5.4 Paper and Pulp
       9.5.5 Others
9.6 Others
       9.6.1 Commercial Buildings
       9.6.2 Communication Systems
       9.6.3 Healthcare
       9.6.4 Others

10 Industrial Control Systems Security Market, By Region

10.1 Introduction
10.2 North America
        10.2.1 US
        10.2.2 Canada
10.3 Europe
        10.3.1 UK
        10.3.2 Germany
        10.3.3 Rest of Europe
10.4 Asia Pacific
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 Rest of APAC
10.5 Middle East and Africa
        10.5.1 Middle East
        10.5.2 Africa
10.6 Latin America
        10.6.1 Mexico
        10.6.2 Brazil
        10.6.3 Rest of Latin America

11 Competitive Landscape

11.1 Overview
11.2 Competitive Situations and Trends
        11.2.1 New Product Launches/Product Enhancements
        11.2.2 Business Expansions
        11.2.3 Partnerships, Agreements, and Collaborations
        11.2.4 Mergers and Acquisitions

12 Company Profiles

12.1 Introduction
12.2 ABB
12.3 Check Point Software Technologies
12.4 Cisco
12.5 Honeywell
12.6 Mcafee
12.7 Belden
12.8 Baker Hughes, A Ge Company
12.9 Fireeye
12.10 Fortinet
12.11 Kaspersky Lab
12.12 Airbus
12.13 BAE Systems
12.14 Bayshore Networks
12.15 Cyberark
12.16 Cyberbit
12.17 Indegy
12.18 Nozomi Networks
12.19 Palo Alto
12.20 Positive Technologies
12.21 Rockwell Automation
12.22 Schneider Electric
12.23 Securitymatters
12.24 Sophos
12.25 Symantec
12.26 Waterfall Security Solutions
12.27 Dragos

13 Appendix
 
List of Tables

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Industrial Control Systems Security Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Market Size By Solution, 2016–2023 (USD Million)
Table 4 Antimalware/Antivirus: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Distributed Denial of Service Mitigation: Market Size By Region, 2016–2023 (USD Million)
Table 6 Encryption: Market Size By Region, 2016–2023 (USD Million)
Table 7 Firewall: Market Size By Region, 2016–2023 (USD Million)
Table 8 Identity and Access Management: Market Size By Region, 2016–2023 (USD Million)
Table 9 Intrusion Detection System/Intrusion Prevention System: Market Size By Region, 2016–2023 (USD Million)
Table 10 Security and Vulnerability Management: Market Size By Region, 2016–2023 (USD Million)
Table 11 Security Configuration Management: Market Size By Region, 2016–2023 (USD Million)
Table 12 Security Information and Event Management: Market Size By Region, 2016–2023 (USD Million)
Table 13 Whitelisting: Market Size By Region, 2016–2023 (USD Million)
Table 14 Others: Market Size By Region, 2016–2023 (USD Million)
Table 15 Industrial Control Systems Security Market Size, By Service, 2016–2023 (USD Million)
Table 16 Consulting and Integration Services: Market Size By Region, 2016–2023 (USD Million)
Table 17 Support and Maintenance Services: Market Size By Region, 2016–2023 (USD Million)
Table 18 Training and Development Services: Market Size By Region, 2016–2023 (USD Million)
Table 19 Incident Response Services: Market Size By Region, 2016–2023 (USD Million)
Table 20 Managed Security Services: Market Size By Region, 2016–2023 (USD Million)
Table 21 Industrial Control Systems Security Market Size, By Security Type, 2016–2023 (USD Million)
Table 22 Network Security: Market Size By Region, 2016–2023 (USD Million)
Table 23 Endpoint Security: Market Size By Region, 2016–2023 (USD Million)
Table 24 Application Security: Market Size By Region, 2016–2023 (USD Million)
Table 25 Database Security: Market Size By Region, 2016–2023 (USD Million)
Table 26 Industrial Control Systems Security Market Size, By Vertical, 2016–2023 (USD Million)
Table 27 Power: Market Size By Region, 2016–2023 (USD Million)
Table 28 Power: Market Size By Type, 2016–2023 (USD Million)
Table 29 Nuclear Power Plants Market Size, By Region, 2016–2023 (USD Million)
Table 30 Thermal and Hydropower Plant Market Size, By Region, 2016–2023 (USD Million)
Table 31 Renewable Energy Power Plants Market Size, By Region, 2016–2023 (USD Million)
Table 32 Power Grid Market Size, By Region, 2016–2023 (USD Million)
Table 33 Energy and Utilities: Industrial Control Systems Security Market Size, By Region, 2016–2023 (USD Million)
Table 34 Energy and Utilities: Market Size By Type, 2016–2023 (USD Million)
Table 35 Oil and Gas Market Size, By Region, 2016–2023 (USD Million)
Table 36 Electric Power Transmission Market Size, By Region, 2016–2023 (USD Million)
Table 37 Water Treatment and Distribution Market Size, By Region, 2016–2023 (USD Million)
Table 38 Wastewater Collection and Treatment Security Market Size, By Region, 2016–2023 (USD Million)
Table 39 Transportation Systems: Industrial Control Systems Security Market Size, By Region, 2016–2023 (USD Million)
Table 40 Transportation Systems: Market Size By Type, 2016–2023 (USD Million)
Table 41 Airports Market Size, By Region, 2016–2023 (USD Million)
Table 42 Seaports Market Size, By Region, 2016–2023 (USD Million)
Table 43 Railways Market Size: By Region, 2016–2023 (USD Million)
Table 44 Others Market Size, By Region, 2016–2023 (USD Million)
Table 45 Manufacturing: Industrial Control Systems Security Market Size, By Region, 2016–2023 (USD Million)
Table 46 Manufacturing: Market Size By Type, 2016–2023 (USD Million)
Table 47 Chemicals and Materials Market Size, By Region, 2016–2023 (USD Million)
Table 48 Automotive Market Size, By Region, 2016–2023 (USD Million)
Table 49 Mining Units Market Size, By Region, 2016–2023 (USD Million)
Table 50 Paper and Pulp Market Size, By Region, 2016–2023 (USD Million)
Table 51 Others Market Size, By Region, 2016–2023 (USD Million)
Table 52 Others: Market Size By Region, 2016–2023 (USD Million)
Table 53 Others: Market Size By Type, 2016–2023 (USD Million)
Table 54 Commercial Buildings Market Size, By Region, 2016–2023 (USD Million)
Table 55 Communication Systems Market Size, By Region, 2016–2023 (USD Million)
Table 56 Healthcare Market Size, By Region, 2016–2023 (USD Million)
Table 57 Others Market Size, By Region, 2016–2023 (USD Million)
Table 58 Industrial Control Systems Security Market Size, By Region, 2016–2023 (USD Million)
Table 59 North America: Market Size By Solution, 2016–2023 (USD Million)
Table 60 North America: Market Size By Service, 2016–2023 (USD Million)
Table 61 North America: Market Size By Security Type, 2016–2023 (USD Million)
Table 62 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 63 North America: Power Market Size, By Type, 2016–2023 (USD Million)
Table 64 North America: Energy and Utilities Market Size, By Type, 2016–2023 (USD Million)
Table 65 North America: Transportation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 66 North America: Manufacturing Market Size, By Type, 2016–2023 (USD Million)
Table 67 North America: Others Market Size, By Type, 2016–2023 (USD Million)
Table 68 North America: Market Size By Country, 2016–2023 (USD Million)
Table 69 Europe: Industrial Control Systems Security Market Size, By Solution, 2016–2023 (USD Million)
Table 70 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 71 Europe: Market Size By Security Type, 2016–2023 (USD Million)
Table 72 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 73 Europe: Power Market Size, By Type, 2016–2023 (USD Million)
Table 74 Europe: Energy and Utilities Market Size, By Type, 2016–2023 (USD Million)
Table 75 Europe: Transportation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 76 Europe: Manufacturing Market Size, By Type, 2016–2023 (USD Million)
Table 77 Europe: Others Market Size, By Type, 2016–2023 (USD Million)
Table 78 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 79 Asia Pacific: Industrial Control Systems Security Market Size, By Solution, 2016–2023 (USD Million)
Table 80 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 81 Asia Pacific: Market Size By Security Type, 2016–2023 (USD Million)
Table 82 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 83 Asia Pacific: Power Market Size, By Type, 2016–2023 (USD Million)
Table 84 Asia Pacific: Energy and Utilities Market Size, By Type, 2016–2023 (USD Million)
Table 85 Asia Pacific: Transportation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 86 Asia Pacific: Manufacturing Market Size, By Type, 2016–2023 (USD Million)
Table 87 Asia Pacific: Others Market Size, By Type, 2016–2023 (USD Million)
Table 88 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 89 Middle East and Africa: Industrial Control Systems Security Market Size, By Solution, 2016–2023 (USD Million)
Table 90 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 91 Middle East and Africa: Market Size By Security Type, 2016–2023 (USD Million)
Table 92 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 93 Middle East and Africa: Power Market Size, By Type, 2016–2023 (USD Million)
Table 94 Middle East and Africa: Energy and Utilities Market Size, By Type, 2016–2023 (USD Million)
Table 95 Middle East and Africa: Transportation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 96 Middle East and Africa: Manufacturing Market Size, By Type, 2016–2023 (USD Million)
Table 97 Middle East and Africa: Others Market Size, By Type, 2016–2023 (USD Million)
Table 98 Middle East and Africa: Market Size By Sub-Region, 2016–2023 (USD Million)
Table 99 Latin America: Industrial Control Systems Security Market Size, By Solution, 2016–2023 (USD Million)
Table 100 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 101 Latin America: Market Size By Security Type, 2016–2023 (USD Million)
Table 102 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 103 Latin America: Power Market Size, By Type, 2016–2023 (USD Million)
Table 104 Latin America: Energy and Utilities Market Size, By Type, 2016–2023 (USD Million)
Table 105 Latin America: Transportation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 106 Latin America: Manufacturing Market Size, By Type, 2016–2023 (USD Million)
Table 107 Latin America: Others Market Size, By Type, 2016–2023 (USD Million)
Table 108 Latin America: Industrial Control Systems Security Market Size, By Country, 2016–2023 (USD Million)
Table 109 New Product Launches/Product Enhancements, 2016–2018
Table 110 Business Expansions, 2015–2016
Table 111 Partnerships, Agreements, and Collaborations, 2016–2017
Table 112 Mergers and Acquisitions, 2015–2018

List of Figures

Figure 1 Global Industrial Control Systems Security Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Data Triangulation Methodology
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Industrial Control Systems Security Market Share, By Solution, 2018–2023
Figure 8 Incident Response Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Network Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Energy and Utilities Vertical is Estimated to Contribute the Largest Market Share in the Market in 2018
Figure 11 North America is Estimated to Have the Largest Market Share in 2018
Figure 12 Huge Investments By Organizations in Industry 4.0 and Convergence of IT and OT is Expected to Boost the Growth of the Market
Figure 13 Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Incident Response Service Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Firewall Solution and North American Region are Expected to Have the Largest Market Shares in 2018
Figure 16 Industrial Control Systems Security Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Investments in Industry 4.0 (2016–2020)
Figure 18 IT and OT Security Players
Figure 19 Number of Vulnerabilities in Industry Verticals, 2017
Figure 20 Encryption Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Incident Response Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Network Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Manufacturing Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Middle East and Africa is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America: Market Snapshot
Figure 26 Middle East and Africa: Market Snapshot
Figure 27 Key Developments By Leading Players in the Industrial Control Systems Security Market, 2015–2018
Figure 28 Geographic Revenue Mix of Top Players
Figure 29 ABB: Company Snapshot
Figure 30 ABB: SWOT Analysis
Figure 31 Check Point Software Technologies: Company Snapshot
Figure 32 Check Point Software Technologies: SWOT Analysis
Figure 33 Cisco: Company Snapshot
Figure 34 Cisco: SWOT Analysis
Figure 35 Honeywell: Company Snapshot
Figure 36 Honeywell: SWOT Analysis
Figure 37 Mcafee: SWOT Analysis
Figure 38 Belden: Company Snapshot
Figure 39 BHGE: Company Snapshot
Figure 40 Fireeye: Company Snapshot
Figure 41 Fortinet: Company Snapshot
Figure 42 Airbus: Company Snapshot
Figure 43 BAE Systems: Company Snapshot
Figure 44 Cyberark: Company Snapshot
Figure 45 Palo Alto: Company Snapshot
Figure 46 Rockwell Automation: Company Snapshot
Figure 47 Schneider Electric: Company Snapshot
Figure 48 Sophos: Company Snapshot
Figure 49 Symantec: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Check Point Software
  • Cisco
  • Honeywell
  • McAfee
  • FireEye
  • Fortinet
  • Baker Hughes, A Ge Company (BHGE)
  • Kaspersky Lab
  • Belden
  • Airbus
  • BAE Systems
  • Bayshore Networks
  • Dragos
  • CyberArk
  • Cyberbit
  • Indegy
  • Nozomi Networks
  • Palo Alto Networks
  • Rockwell Automation
  • Schneider Electric
  • SecurityMatters
  • Sophos
  • Symantec
  • Positive Technologies
  • Waterfall Security

 

Note: Product cover images may vary from those shown
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