Industrial Control Systems Security Market: Snapshot

Industrial control systems security presents the assurance of industrial control systems alongside the coordinated programming and equipment used to control and screen the working of industrial hardware and related gadgets. Industrial control systems are utilized as a part of gadgets or apparatus crosswise over different businesses around the world. It controls and deals with the entire thing from different utilities to robot, various power plants, HVAC establishments, industrial control systems and even cell entryways of a jail. There are different outer and interior dangers to industrial control systems, for example, pernicious insiders, programmers, human blunder, and so on. The industrial control systems resource proprietors will buy parts that influence their ICS to secure, non-prominent to runtime creation, and acquire low interest in preparing and upkeep. Accordingly, the IT specialist co-ops are constrained to make security arrangements as a piece of their created parts.

With the advances in innovation, a few vitality areas have been influenced by digital assaults. Subsequently, numerous danger relief steps have been taken over all real end-client portions, for example, the vitality, assembling, transportation, and IT and telecom divisions. The merchants in this market supplement each other's items as ICS security items are created by joining different security items and arrangements. The approach of worldwide shrewd network ventures is expanding the extent of SCADA systems in creating nations, similar to India and Brazil. SCADA utilizes the information from savvy meters and sensors furnished with shrewd lattice to gauge and screen power utilization and naturally execute the choices to improve the network's operations. Therefore, governments over the globe are in the end moving to savvy matrices to enhance proficiency and lessen vitality utilization and cost. In any case, the security of the savvy lattice arrange is inclined to digital assaults because of the regular trade of touchy data through correspondence systems, for example, the Internet, intranets, and corporate systems. Subsequently, control utilities require hearty security measures to counter such complex dangers.

Industrial control systems security is the protection of industrial control systems along with the integrated software and hardware used to control and monitor the operation of industrial equipment and related devices. Industrial control systems are used in devices or machinery across various industries worldwide. It controls and manages the whole thing from various power plants and other utilities to robot industrial Control Systems, HVAC installations, and even cell doors of a prison. There are various external and internal threats to industrial control systems such as malicious insiders, hackers, human error, etc. All these threats can be protected by monitoring all activities whether performed by an unidentified source or a reliable insider. Industrial control systems, including infrastructure which is critical, are more and more networked and attached with communications and computing technologies.

The factors driving the growth of the industrial control systems security market is the increased incidence of cyber-attacks, and threat and security breaches to network security. In today’s time, industrial sectors particularly those having critical infrastructures are more vulnerable to hackers, and politically motivated attacks, looking to cause physical damage and disruptions to industrial operational activities. External cyber-attacks targeting industrial control system networks can be supported by politically motivated attackers such as hackers or a terrorist group, but also be part of industrial spying activity. The objective of such attacks can vary based on the motive of the adversary. For instance, the objective of attacks that are politically motivated is possibly to inflict physical damage and cause interruptions to industrial operational activity, while industrial spying is more focused on the theft of Intellectual Property (IP). Real-time monitoring in industrial networks is the key to industrial control systems security. Various enterprises are providing a wide-range of solutions against these security threats. Solutions include information protection, threat protection, Industrial Control Systems platform, security analyst, etc. Threat protection provides protection for gateways, data centers, and endpoints, as well as cloud-based management. Additionally, information protection gives integrated data and identity protection.

Industrial control systems security regularly supports critical infrastructure, so they cannot be taken down for any security updates and hence, often remain vulnerable. Moreover, because it has very restricted computing resources, it does not have the capacity to run anti-malware software. This could restrain the growth of the industrial control systems security market.

The industrial control systems security market can be segmented on the basis of services type, solution type, end-use industry, security type, and region. On the basis of services type, the market can be segmented into risk management services, analytics services, and others. Solution type can be segmented into firewall, data loss prevention, antivirus/anti-malware, security information and event management, virtualization security, unified threat management, SCADA encryption, and others. Furthermore, on the basis of end-use industry, the market can be segmented into energy and utilities, transportation and logistics, manufacturing, and others. On the basis of security type, the industrial control systems security market can be segmented into network security, endpoint security, application security, data base security, and others. Geographically, the industrial control systems security market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to lead due to the increasing adoption of industrial control systems security by various enterprises across the region. However, the market in Asia Pacific is expected to grow at a faster rate due to increasing industrial automation in growing economies such as China, Japan, and India.

Some of the key players in the industrial control systems security market are ABB Ltd., Belden Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Fortinet, Inc., General Electric Company, Honeywell International, Inc., McAfee LLC, Siemens AG, Indegy, FireEye, Inc., Carbon Black, Inc., SecurityMatters, etc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Industrial Control Systems Security Market

Pre Book