Industrial Control Systems (ICS) Security Market, By Type (Network Security, Endpoint Security, Application Security and Database Security), By Application (Power, Energy and Utilities, Transportation Systems and Manufacturing), and Regional Forecast to 2033

INDUSTRIAL CONTROL SYSTEMS (ICS) SECURITY MARKET OVERVIEW

The global Industrial Control Systems (ICS) Security Market size was USD 11382.64 million in 2024 and is projected to touch USD 19486.47 million by 2033, exhibiting a CAGR of 5.2% during the forecast period.

Industrial control systems (ICS) security alludes to different practices utilized to secure computer-controlled frameworks from cybersecurity dangers. These frameworks are broadly utilized in industrial forms to robotize or remotely control item manufacturing, handling, and dispersion. A few commonly utilized ICS security arrangements incorporate resource stock and location, vulnerability management, organize interruption security and discovery, endpoint discovery and reaction, fix administration, and client and get to administration. In later years, ICS security arrangements have picked up traction over various businesses, counting automotive, control and utilities, oil and gas, chemical, nourishment and refreshment, and pharmaceuticals. The development of the ICS security market can be credited to the conversion of advanced innovations and mechanical frameworks integration and government activities and controls in basic infrastructure assurance. Besides, the ICS security market is encountering development due to the presentation of AI/ML-powered arrangements and administrations. These components contribute to the market's promising development potential, giving organizations with improved security measures. Industrial computerization frameworks are becoming increasingly fundamental due to large-scale, persistent, and profoundly parameterized mechanical equipment. In expansion, advanced mechanical control frameworks have created from physical frameworks as of now input and included IT capabilities, as often as possible supplanting or upgrading physical control strategies.

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GLOBAL CRISIS IMPACTING INDUSTRIAL CONTROL SYSTEMS (ICS) SECURITY MARKET: COVID-19

"Prospering Demand in Remote Work and Remote Monitoring to Aid the Market Sales"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels. The move to remote work and remote checking expanded the attack surface for ICS environments, making them more helpless to cyber dangers. Ransomware assaults highlighted the basic need for progressed ICS security. Nation-state cyber dangers focusing on basic foundation surged, driving to expanded speculations in cybersecurity. Organizations prioritized ICS security arrangements, driving to in general market development. Businesses such as vitality, manufacturing, transportation, and utilities quickened ICS security speculations. Expanded government controls and compliance drove selection of ICS security devices.

LATEST TREND

"Integration of IT and OT Networks to Rapid Fire the Market Growth"

The integration of OT frameworks, which are regularly related with manufacturing and industrial situations and are utilized to screen forms, occasions, and gadgets and make alterations in business and mechanical operations utilizing ICS, such as supervisory control and data acquisition (SCADA), and IT frameworks for data-centric computing constitutes the convergence of data innovation and operational innovation. Increasingly industrial organizations are coordination their IT and OT systems to remain competitive and make superior commerce choices. More exact control and intensive checking are made conceivable by the intersection of IT and OT. The information examination from these complex frameworks can be effortlessly carried out anywhere within the world. Integrating these two advances requires cautious consideration to security at each step. The majority of OT frameworks were not planned to be gotten to remotely, and network risks were not taken into consideration and might not be overhauled regularly. As a result, they were making security gaps. Mechanical surveillance and attack may influence imperative framework and organizations. Organizations are more vulnerable to cyberattacks and security dangers due to the rising number of mechanical control frameworks, sensors, and other controllers working as industrial internet of things (IIoT) endpoints due to the merged IT/OT network.

INDUSTRIAL CONTROL SYSTEMS (ICS) SECURITY MARKET SEGMENTATION

By Type

On the differential basis of type, the market is sectioned into network security, endpoint security, application security and database security.

• Network Security: It ensures ICS systems from unauthorized access, cyberattacks, and information breaches. 

• Endpoint security: Securing ICS gadgets, including Programmable Logic Controllers (PLCs), Remote Terminal Units (RTUs), Human-Machine Interfacing (HMIs), and sensors from cyber dangers.

• Application security: Secure SCADA (Supervisory Control and Data Acquisition) frameworks, HMI program, and other ICS applications from cyber dangers. 

• Database Security: It ensures mechanical databases putting away basic SCADA logs, sensor information, operational setups, and client qualifications.

By Application

On the differential basis of application bifurcation, the market is fragmented into power, energy and utilities, transportation systems and manufacturing.

• Power, Energy and Utilities: ICS security is fundamental for guaranteeing the reliability and safety of power networks, oil & gas pipelines, water treatment plants, and renewable vitality offices.

• Transportation Systems: ICS security is imperative for the security and productivity of railroads, aviation, oceanic operations, and street activity administration.

• Manufacturing: ICS security guarantees the keenness of Industrial Automation and Control Systems (IACS) in fabricating situations, counting automotive, pharmaceuticals, nourishment and refreshment, and hardware.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

"Increasing Rates of Cyberattacks to Multiply the Product Sales"

The assault targets on OT and ICS resources have developed by over 2000% amid 2018, concurring to IBM's X-Force Threat Insights Record 2020. There were more occasions of OT resource focusing on in 2019 than there were amid the past three years put together. Most of these targets combined brute-force login strategies, including password-spraying attacks with known vulnerabilities in ICS equipment components and supervisory control and information procurement (SCADA). A ransomware ambush (LockerGoga, which scrambles records on Windows gadgets) constrained Norsk Hydro, a metallurgical trade, to closed down generation for a week as the assault scrambled all the information on their windows computers. Investigate by Siemens and Ponemon Institute created comparable discoveries. In the up-and-coming year, at slightest one cyberattacks on basic foundation is expected by 54% of respondents. The developing episodes of cyberattacks are expected to drive the worldwide industrial control systems (ICS) security market over the estimate period.

"Government Initiatives and Regulatory Bodies to Incubate the Market Demand Globally"

In shielding against disturbances to basic foundations like control networks, manufacturing, IT, and transportation, governments around the world have ordered government laws and approaches to set up cybersecurity benchmarks for Industrial Control Systems (ICS). A striking improvement in 2022 was the section of the Industrial Control Frameworks Cybersecurity Preparing charge by the US House of Agents. This enactment enables the Cybersecurity and Infrastructure Security Agency (CISA) to organize a comprehensive cybersecurity preparing activity devoted to ICS. The essential objective is to outfit the IT workforce with available ICS security preparing, enveloping both virtual and in-person courses custom fitted to distinctive aptitude levels, subsequently encouraging expertise improvement and fortification. Public Security Canada, a powerful cybersecurity organization, collaborated with basic framework partners to brace the security and flexibility of urgent resources.

Restraining Factor

"Limited awareness of ICS Security Systems to Cut Down the Market Growth"

One critical limitation within the Industrial Control Systems (ICS) Security market share is the limited awareness of security systems. Within the modern landscape of Industrial Control Systems (ICS), a critical challenge persists within the shape of lacking or restricted security mindfulness inside ventures and vulnerabilities characteristic in their frameworks. The heightening advancement of cyber-attacks requires a vigorous reaction, encouraging the execution of coordinates security frameworks. These frameworks, acting as multi-layered guards, are crucial for shielding against inside and outside dangers. Thus, organizations hook with an information crevice, preventing their comprehension of the complexities related with focused on assaults and the basic requirement for defensive measures.

Opportunity

 "Enriched Demand for Professional and Managed Security Services to Aid the Sales in the Market"

Small and medium-sized enterprises (SMEs) hook with an outstanding absence of essential cyber infrastructures, preventing their capacity to function with direct security. In differentiate, huge enterprises are prepared with prepared experts and overseen security administrations, however cybercriminals misuse SMEs' need of mindfulness among representatives with respect to security arrangements and best hones, extricating touchy organizational data. In spite of the fact that these substances set up Security Operations Centers (SOCs) with a devoted workforce, the challenge lies in cultivating a collective cybersecurity attitude among representatives.

Challenge

" Complexity in Operation to Pose a Sluggishness in the Market Growth"

The bulk of industrial systems include a convoluted, heterogeneous blend of specialized OT protocols, making building security measures for mechanical control frameworks challenging. ICS and IT have never been coordinates customarily. One of the foremost visit issues that undertakings encounter is the integration of their ICS with their IT divisions. The need of joining these two has developed drastically with the headway of mechanical computerization innovation. In any case, the security of ICS basic framework is helpless to mechanical surveillance and attack in most firms because of the absence of collaboration between IT groups and prepare or operations divisions. Trouble in executing security arrangements is caused by need of representatives to bridge the gap between operations and IT.

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INDUSTRIAL CONTROL SYSTEMS (ICS) SECURITY MARKET REGIONAL INSIGHTS

North America

North America is the foremost critical shareholder within the worldwide industrial control systems (ICS) security marketshare and is anticipated to develop at a CAGR of 6.7% amid the estimate period. Due to the region's broad fabricating, critical information has been delivered whereas joining a wide run of generation frameworks all through the supply chain. The later progressions have put an indeed more noteworthy accentuation on how basic it is to ensure ICS frameworks. This has been of colossal help to the nation in picking up a competitive edge within the world's economy.

Asia Pacific

The biggest region within the world for both car generation and utilization is Asia-Pacific. Agreeing to CAAM, China delivered around 21 million traveler cars and 4.3 million commercial vehicles in 2019. The quick improvement of mechanical framework, the expanding speculation in industrial security foundation, and the far-reaching selection of cutting-edge advances like IoT and cloud computing all point to Asia-Pacific as the region with the most noteworthy CAGR over the figure period.

Europe

Europe is anticipated to develop altogether over the estimate period. The ever-increasing recurrence of cyberattacks and rising tensions with respect to the integrity of computer networks are the essential strengths driving the development of this industry. Furthermore, considerable ventures in cutting-edge innovation and developing government back for increased security will contribute to expanded deals. The UK manufacturing industry has made deficiently speculations in robots and other shapes of mechanization compared to other affluent countries. 

KEY INDUSTRY PLAYERS

"Major Market Players Embrace Procurement Techniques to Remain Competitive"

Market players are locked in in intense competition utilizing procedures such as item development, quality upgrade, competitive estimating, and successful branding. With shoppers progressively favoring economical items, these players are emphasizing the utilize of common and eco-friendly materials such as cotton and bamboo. They are particularly centering on propelling modern items custom fitted for unmistakable applications, tending to the different requests within the market. Moreover, there's a solid accentuation on improving delicateness and generally item quality. A few market players are endeavoring to convey a sumptuous encounter through predominant plans and quality. Competitive techniques incorporate cost wars, advancements, and collaborations with retailers, all of which play significant parts in their market situating. Online nearness and client surveys hold expanding impact over customer choices. The market competition is multi-faceted, including item separation and key market situating.

List Of Industrial Control Systems (ICS) Security Market Companies Profiled 

• Cisco (U.S.)
• ABB (Switzerland)
• Lockheed Martin (U.S.)
• Fortinet (U.S.)
• Honeywell (U.S.)
• Palo Alto Networks (U.S.)
• BAE Systems (UK)
• RTX (U.S.)
• Trellix (U.S.)
• Check Point (Israel)
• Darktrace (UK)
• Kaspersky Lab (Switzerland)
• Tenable (U.S.)
• Belden (U.S.)
• Sophos (UK)
• CyberArk (U.S.)
• Claroty (U.S.)
• Dragos (U.S.)
• Nozomi Networks (U.S.)
• Cyberbit (U.S.)
• Forescout (U.S.)
• Radiflow (Israel)
• Verve Industrial Protection (U.S.)
• Applied Rosk (Netherland)
• Positive Technology (U.S.).

KEY INDUSTRY DEVELOPMENTS 

May 2023: Fortinet Inc. extended its OT security solutions with items just like the FortiGate 70F Rough NGFW, FortiDeceptor Rough 100G breach discovery gadget, FortiPAM Favored Access Administration, and FortiSIEM improvements. These offerings reinforce OT defense with real-time reaction and advantaged get to administration whereas joining risk examination apparatuses. 

REPORT COVERAGE 

The market is characterized by seriously competition, with various players competing for showcase share. The competitive scene incorporates a blend of built-up companies and rising new companies, each advertising a run of instruments with shifting highlights and capabilities. The showcase is driven by development, with companies ceaselessly improving their items to supply way better client involvement, more precise approval, and integration with other advancement apparatuses. The competitive competition is assisted escalates by the presence of both free and paid apparatuses, catering to distinctive fragments of clients.