Global Industrial Control Systems Security Market Size, Share, Growth Analysis, By Type(Network, End Point), By System Type(Supervisory Control & Data Acquisition (SCADA), Distribution Control System (DCS)) - Industry Forecast 2023-2030

Global Industrial Control Systems Security Market size was valued at USD 18.85 Billion in 2022 and is poised to grow from USD 20.08 Billion in 2023 to USD 33.23 Billion by 2031, at a CAGR of 6.5% during the forecast period (2024-2031).

The global market for industrial control systems security has experienced revenue growth due to the escalation of cyber threats. Industrial control systems are being increasingly deployed across sectors like manufacturing, chemical, and energy in response to the surge in cyberattacks. The transition to Industry 4.0 is expected to bring about numerous enhancements in productivity, efficiency, and industrial processes. Industrial control systems are sought after for their ability to boost productivity and lower production costs through automation compared to traditional manufacturing methods. However, the adoption of ICS solutions amplifies the need for security due to the rising frequency of cyberattacks and network security risks. This surge in demand for ICS security is further propelled by the proliferation of modern technologies, which generate vast amounts of data. To maintain productivity, many automakers have automated their production facilities. Additionally, the growing preference for electric vehicles (EVs) is projected to drive up demand for automobiles, thus further stimulating the adoption of industrial control systems and presenting lucrative opportunities for the sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Industrial Control Systems Security Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Global Industrial Control Systems Security Market Segmental Analysis

Global Industrial Control Systems Security Market is segmented on the basis of Type, System Type, Service and region. By Type, the market is segmented into Network, End Point, Application, Database. By System Type, market is segmented into Supervisory Control & Data Acquisition (SCADA), Distribution Control System (DCS), Programmable Logic Controller (PLC), Human-Machine Interface (HMI). By Service, the market is segmented into Consulting & Integration, Support & Maintenance, Training & Development, Incident Response Service, Managed Security Service. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Industrial Control Systems Security Market

The merging of operational technology (OT) with information technology (IT) networks and the alignment of OT with IT infrastructure are fuelling the need for effective ICS security solutions. With industries embracing digitalization, interconnected systems facilitate improved monitoring, control, and data analysis. Nevertheless, this connectivity also broadens the potential for cyberattacks, underscoring the importance of safeguarding the connections between IT and OT environments.

The widespread adoption of Industrial Internet of Things (IIoT) devices and the integration of sensors, actuators, and intelligent devices within industrial environments present avenues for enhancing efficiency and automation. Nonetheless, the increased vulnerability introduced by IIoT devices underscores the importance of implementing advanced security protocols. The imperative to safeguard IIoT devices, networks, and data is propelling the uptake of ICS security solutions.

Restraints in the Global Industrial Control Systems Security Market

Numerous industrial control systems within vital infrastructure sectors like energy, manufacturing, and transportation are built on outdated systems lacking robust cybersecurity features. These systems commonly run on obsolete software, exhibit limited compatibility with contemporary security solutions, and present vulnerabilities that are difficult to rectify. The intricate nature of securing legacy systems constitutes a substantial obstacle to the implementation of comprehensive ICS security measures.

Market Trends of the Global Industrial Control Systems Security Market

The ICS security sector is experiencing a rise in the adoption of cutting-edge security technologies to combat evolving cyber threats. This encompasses incorporating technologies like artificial intelligence (AI), machine learning (ML), behavioural analytics, and anomaly detection. Such advancements aid organizations in detecting and mitigating sophisticated attacks, recognizing unusual behaviours, and bolstering the overall security stance of industrial control systems.