Asia-Pacific Industrial Control System Security Market Analysis, 2020

Bring Your Own Device (BYOD) Approach Actively Contributing to the Growth of Asia-Pacific Industrial Control System Security Market

Asia-Pacific Industrial Control System Security Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Asia-Pacific Industrial Control System Security market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities

According to this research report titled “Asia-Pacific Industrial Control System Security Market Analysis, 2020”, the Asia-Pacific Industrial Control System Security market is anticipated to grow at a considerable CAGR of 6% during 2021-26. Some of the prime growth factors pushing the market are the increase in the number of cyberattacks on ICS systems and the burgeoning need for compliance with various upcoming regulations. Industrial control system security is used in power generation, transmission, and distribution sectors. Also, the advancement of smart grid projects is further aiding the scope of SCADA systems in various developing countries such as in India, China, etc.

COVID-19 Negatively Impacted the Growth

During the turmoil of the COVID-19 crisis, several governments adopted the use of BYOD devices, the Work from Home trend, utilizing IIoT, and widespread internet penetration across critical industry verticals such as oil and gas, power grids, and manufacturing. Also, certain governments in the region instructed both public and private organizations to engage in new practices for working remotely and maintaining social distancing.

Market Segmentation

Network Security Segment Acquired the Significant Market Share

In Asia-Pacific, the network security segment held a substantial market share in 2020 due to the fact that its industrial applications are leading to a surge in the demand for protecting integrity thus enhancing the usability of the data and network. Moreover, network security through the internet also affects the integration of vessels with multiple other systems due to increasing cyber threats on vessels at sea. Therefore, the government is formulating crucial laws to reduce cybercrimes as stated in the research report “Asia-Pacific Industrial Control System Security Market Analysis, 2020”.

Competitive Landscape

According to the publisher, the key players with a considerable market share in the Asia-Pacific Industrial Control System Security market include ABB, Honeywell, Cisco, Intel, Check Point, Symantec, Spohos, Fireeye, Kaspersky, BAE System, Palo Alto, Waterfall, Fortinet, Belden, etc.

Key Questions Answered in the Market Research Report:

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Asia-Pacific Industrial Control System Security Market?
• What are the country-wise industry size, growth drivers, and challenges key market trends?
• What are the key innovations, technology upgrades, opportunities, regulations in the Asia-Pacific Industrial Control System Security Market?
• Who are the key competitors or market players and how they perform in the Asia-Pacific Industrial Control System Security Market on the basis of the competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during the course of the Asia-Pacific Industrial Control System Security Market study?