Industrial Control Systems (ICS) Security Market to Aggregate $30.56 Billion by 2030

The global industrial control systems (ICS) security market size is expected to reach USD 30.56 billion by 2030 according to a new study by Polaris Market Research. The report “Industrial Control Systems (ICS) Security Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Solution; By Security Type (Network, Endpoint, Application, Database); By Vertical; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

“According to the research report published by Polaris Market Research, The global industrial control systems (ICS) security market was valued at USD 17.69 billion in 2021 and is expected to grow at a CAGR of 6.4% during the forecast period.

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The accumulation of digital technologies and manufacturing control structures, coupled with the increasing trend for the utilization of the interconnectivity in these practices, is accelerating the market’s growth. Besides, the implementation of the mandatory regulations by the government for the CIP and services, as well as the association of the IT and OT structures, is further propelling the industry demand worldwide.

The growing demand for professional and managed safety services is a major impelling factor for the industry’s growth. SMEs need some basic cyber-infrastructures for proper safety operations, while large enterprises are demanding several experienced professionals and managed safety services. There is a lack of awareness of safety policies among the employees for obtaining the sensitive properties of the business by the hackers and cybercriminals.

Top Market Players

  • Airbus
  • ABB
  • Applied Security
  • Belden
  • Check Point
  • Claroty
  • BAE
  • Raytheon
  • Cyberark
  • Nozomi Networks
  • Cisco
  • Cyberbit
  • Dragos
  • Fireeye
  • Forescout
  • Kaspersky Labs

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Though, several setups are deployed to manage cybersecurity practices. But, cybersecurity training, incidents, handling issues, and procedures are considered a trouble for the employees when they are not self-aware of safety policies and procedures. Thus, the growing demand for professional and managed safety services to deal with intricate vulnerabilities in this ecosystem will create lucrative opportunities for industry growth over the foreseen period.

Polaris Market Research has segmented the industrial control systems (ICS) security market report on the basis of component, solution, security type, vertical, and region:

Industrial Control Systems (ICS) Security, Component Outlook (Revenue – USD Billion, 2018 – 2030)

  • Solution
  • Services

Industrial Control Systems (ICS) Security, Solution Outlook (Revenue – USD Billion, 2018 – 2030)

  • Anti-malware/Antivirus
  • DDoS Mitigation
  • Encryption
  • Firewall
  • IAM
  • IDS/IPS
  • Security and vulnerability management
  • Security configuration management
  • SIEM
  • Whitelisting
  • Others

Industrial Control Systems (ICS) Security, Security Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Network
  • Endpoint
  • Application
  • Database

Industrial Control Systems (ICS) Security, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)

  • Power
  • Energy and Utility
  • Transportation Systems
  • Manufacturing
  • Other verticals

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