Industrial Control Systems Security Market by Security type, and Geography - Global Forecast 2026

The advent of the industrial revolution, cloud computing, the Internet of Things (IoT), cyber-physical systems, cognitive computing, and cloud computing is stimulating market growth.

Market Size - USD 13.52 billion in 2019, Market Growth - CAGR of 6.5%, Market Trends -Growing demand and adoption of cloud-based SCADA/HMI/DCS solutions.

The Industrial Control Systems market size was valued at USD 13.52 billion in 2019 and is estimated to reach USD 20.55 billion, delivering a CAGR of 6.5% through 2027. The market growth is driven by increasing concerns regarding cyber threats, like Ransomware, Flame, and Dugu, the rising adoption of advanced technologies with the advent of the fourth industrial revolution, including the Internet of Things (IoT), cloud computing, cognitive computing, and cyber-physical systems, along with the integration of operational technology and information technology.

The demand for cloud-based SCADA/HMI/DCS solutions is increasing exponentially, leading to the growing deployment of industrial control systems. Additionally, surging demand for big data analytics security from various industry verticals along with the collaborations between cyber insurance vendors will further supplement industrial control systems security market share over the forecast period.

Further key findings from the report suggest

• The Industrial Control Systems Security market size is forecast to reach 20.55 billion by 2027, exhibiting a CAGR of 6.5% through 2027.
• Based on security type, the network security segment is estimated to contribute significantly to the industrial control systems market share, delivering a growth rate of 6.6% through 2027. The network systems more prone to network hacking and cyber-attacks due to excessive use of mobiles, tablets, and cloud. This, in turn, will boost segmental growth.
• On the basis of component, the solutions sub-segment is anticipated to register a notable growth rate of 6.8% through 2027 due to the exponential growth of the encryption solutions. The encryption solutions are witnessing massive adoption as they efficiently manage protection in industries prone to more DDoS attacks and data thefts. Moreover, increasing demand for incident response services to tackle terrorist and cyber-attacks will further supplement market share.
• Based on industry vertical, the manufacturing segment is expected to experience the highest growth rate of 7.1% over the analysis period on account of increased cyber threat issues.
• In the regional landscape, North America held USD 3.9 Billion of the industrial control systems security market share in 2018 and is set to witness major gains through 2027. The robust growth rate can be attributed to the growing focus on utmost security and the extensive adoption of new and advanced technologies, such as big data, machine learning, IoT, and cloud-based technologies across various industry verticals.
• Prominent players operating in the Global Industrial Control Systems Security Market are Check Point Software (Israel), Sophos (U.S.), ABB (Switzerland), McAfee (U.S.), Cisco (U.S.), Honeywell (U.S.), Fortinet (U.S.), FireEye (U.S.), Kaspersky Lab (Russia), Belden (U.S.), BHGE (U.S.), BAE Systems (U.K.), Bayshore Networks (U.S.), Airbus (France), CyberArk (U.S.), Cyberbit (Israel), Dragos (U.S.), Indegy (U.S.), Nozomi Networks (U.S.), Palo Alto Networks (U.S.), Rockwell Automation (U.S.), SecurityMatters (Netherlands), Positive Technologies (U.S.), Schneider Electric (France), Waterfall Security Solutions (Israel), and Symantec (U.S.), among others.

Key segments in the report:

For the purpose of this report, the market has been segmented on the basis of security type, component, industry vertical, and region.

Security Type Outlook (Revenue, USD Million; 2017-2027)

• Network Security
• Endpoint Security
• Application Security
• Database Security

Component Outlook (Revenue, USD Million; 2017-2027)

• Solution
• 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
• Others (Honeypots/Deception Technology Platforms, Security Patch Management, and Web Filtering)
• Services
• Consulting and Integration Services
• Support and Maintenance Services
• Training and Development Services
• Incident Response Services
• Managed Security Services

Industry Vertical Outlook (Revenue, USD; 2017-2027)

• Power
• Energy and Utilities
• Transportation Systems
• Manufacturing
• Commercial Buildings
• Communication Systems
• Healthcare
• Others (Remote Surveillance, Weather Forecasting Systems, Emergency Response Systems, and Postal Systems)

Regional Outlook (Revenue, USD Million; 2017-2027)

• North America
• U.S.
• Canada & Mexico
• Europe
• Germany
• France
• U.K.
• Rest Of Europe
• Asia Pacific
• China
• Japan
• South Korea
• Rest Of APAC
• RoW
• Middle East & Africa
• South America

Reasons to Buy the Report

• A robust analysis and estimation of the Industrial Control Systems Security Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
• A holistic competitive landscape of the all the major players in the Industrial Control Systems Security market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
• Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
• Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
• Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization