Industrial Control Systems (ICS) encompasses control, monitoring and data acquisition systems designed for industrial processes. These systems are used in range of applications such as water treatment, gas and electricity distribution, oil refining, railway transportation, manufacturing goods and others. In the last decade, ICS have passed through a significant transformation from proprietary, isolated systems to open architectures. Moreover, standard ICS technologies highly interconnected with external/business networks and the Internet. Exposure to external environment has increased vulnerability to computer network-based attacks. Industrial control systems (ICS) comprise a strategic asset against the rising potential for catastrophic terrorist attacks affecting critical infrastructures. In the last few years, increasing number of cyber-attack incidences such as Stuxnet, Night Dragon, Blackenergy etc have increased the adoption of security solutions in ICS infrastructure. Manufacturing industries are facing the problem of reliable and instant monitoring and controlling of data from different remote locations. Global manufacturers are looking for solutions which enable the remote monitoring, controlling and maintenance of equipment. Remote maintenance helps to reduce costs and also improve efficiency compared to local maintenance procedures. Increasing adoption of smart and wireless solutions along with growing industrialization in emerging economies expected to spur the demand for ICS security solutions through the forecast period 2023 – 2030.

The global industrial control systems (ICS) security market is highly competitive with major players concentrated in the North America and Europe region. Some major players in the global ICS security market includes ABB Group, Airbus Group, Cisco Group, IBM Corporation, Lockheed Martin Corporation, Siemens AG, Honeywell International, Inc, Juniper Networks, Inc, To Fino Security and Trend Micro.

The research study on industrial control system (ICS) security market includes comprehensive analysis of the market driving and restraining factors related to global industrial control system (ICS) security industry. The report includes current and future market trends in the global, regional and country level industrial control system (ICS) security market. The study also includes comprehensive analysis of demand-supply, technology development and pricing trends. High level analysis such as competitive analysis value chain and market attractive analysis included in the report helps industry players to identify key investment areas in this industry.

The market study of industrial control system (ICS) security also includes market estimates and forecast of industrial control system (ICS) security application market size in the global, regional and country level markets in terms of revenue (US$ Bn). This market is classified on the basis of application, services, application and region. The research study also includes cross sectional analysis on the regional and country level i.e. regional market size by application. 

The report includes profiles of major players in the global industrial control system (ICS) security industry. Company profiles include detailed information about business strategies, financial overview, major competitors, product portfolio, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about global market competition, regional market players and suppliers and positioning of key market players in the global market along with their market winning strategies.

The global industrial control system (ICS) security market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the industrial control system (ICS) security market is further classified into Latin America, Middle East and Africa.

North America is the largest end-use segment for industrial control system (ICS) security solutions and is expected to maintain its dominating position throughout the forecast period. Increasing incidences of cyber-attacks and stringent regulations to improve security of ICS is fueling the market growth in the U.S. Europe is also expected to witness significant growth through the forecast period as majority of SCADA systems in the region are vulnerable to breaches. Asia Pacific is expected to witness the fastest growth rising deployment of industrial control system in emerging market such as India, China and other. In addition, increasing awareness about threat from cyber-attacks and incidences of cyber-attacks is expected to fuel the growth of ICS security solutions in the region.    

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Control System (ICS) Security market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Industrial Control System (ICS) Security market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Industrial Control System (ICS) Security market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Industrial Control System (ICS) Security market?
• Which is the largest regional market for Industrial Control System (ICS) Security market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Industrial Control System (ICS) Security market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Industrial Control System (ICS) Security market worldwide?