In a recent published report, Kenneth Research has updated the market report for Industrial Control Systems Security Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industrial Control Systems Security Market products.
Kenneth Research has published a detailed report on Industrial Control Systems Security Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The Global Industrial Control Systems Security Market was valued at USD 9.98 billion in 2016 and is projected to reach USD 18.0 billion by 2025, growing at a CAGR of 6.75% from 2017 to 2025.
Industrial Control System Security is the prevention of intentional or unintentional interference with the proper operation of industrial automation and control systems. These control systems manage services including electricity, petroleum production, water, transportation, manufacturing, and communications. Industrial control system security provides additional protection against malware, reduces system maintenance overhead and complexity, and extend the patching cycle.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Adoption of cloud computing for ICS protection
1.2 Constant investments in smart technologies
1.3 Increasing cyber attacks and network security threats
1.4 Involvement of government organizations for ICS security
2. Market Restraints
2.1 Less awareness about ICS security
2.2 Budget constraints and costly technology
The Global Industrial Control Systems Security Market is segmented on the security type, component, application, and region.
1. By Security Type:
1.1 Application security
1.2 Database security
1.3 Network security
1.4 Endpoint security
2. By Component:
2.1.1 Intrusion Detection System/Intrusion Prevention System
2.1.3 Identity and Access Management
2.1.4 Unified Threat Management
2.1.5 Security Information and Event Management
2.1.6 Distributed Denial of Service
2.1.8 Virtualization security
2.1.9 SCADA encryption
2.1.10 Data Loss Prevention
2.2.1 Managed services
2.2.2 Audit and reporting
2.2.3 Risk management services
2.2.4 Design, integration, and consulting
3. By Application:
3.1 Transportation systems
3.1.1 Highways and bridges
3.1.4 Railway infrastructures
3.2 Energy and Utilities
3.2.1 Wastewater collection and treatment
3.2.2 Electric power transmission
3.2.3 Oil and gas pipelines
3.2.4 Water treatment and distribution
3.3.1 Nuclear power plants
3.3.2 Thermal and hydro power plants
3.3.3 Renewable energy power plants
3.3.4 Power grid
3.4 Chemical and manufacturing
3.4.1 Automated production units
3.4.2 Refining plants
3.4.3 Mining units
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
4. Carbon Black
5. Cisco Systems
7. Check Point Software Technologies Ltd.
9. Fireeye, Inc.
12. McAfee LLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Industrial Control Systems Security Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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