PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1134578
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1134578
The global ICS security market is expected to register a CAGR of around 7% over the period of 2021-2027. The market is uplifting on account of the growth in digital technologies and industrial control systems and the rising demand for secure ICS along with the increasing cyber threats to critical infrastructure and growing adoption of cutting-edge technologies. Moreover, the growing trend of using interconnectivity in ICS practices followed by the increasing investment in large security frameworks will positively stimulate the industry landscape. ICS security includes maintaining and protecting the industrial control system and the required software and hardware used in the system. Industrial control systems are used in industries such as utilities and manufacturing to automate or remotely control product production, handling, or distribution. Hence, ICS security is crucial for better efficiency and continuous development.
Cisco Systems Inc., ABB Ltd., Lockheed Martin Corporation, BAE Systems PLC, Raytheon Technologies Corporation, FireEye Inc., Darktrace Holdings Limited, Airbus Group SE, Check Point Software Technologies Ltd., and Sophos Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report:
"Amongst components, the solutions segment held a prominent share in the market in 2020"
On the basis of components, the market is segmented into solutions and services. Among these, the solutions segment held a significant share of the global ICS security market in 2020 and is expected to witness substantial growth during the forecast period owing to the rising demand for antivirus software and solutions for protecting business computers from cyberattacks. Antivirus protection is software designed to detect, block, and remove malware. This may include protection against viruses, spyware, phishing scams, and other threats that could be used to infiltrate digital systems and steal, misuse, or damage information.
"Amongst security type, endpoint security held a prominent share in the market in 2020"
On the basis of security type, the market is divided into network security, endpoint security, application security, and database security. The endpoint security segment captured a significant share of the market in 2020. This is because of the increasing adoption of endpoint security due to benefits, such as unified security and management, safeguarding against key threat vectors, identifying and closing security gaps, and maintaining control. In addition, the growing need to identify and prevent cyber threats in the event of security breaches or endpoint attacks is expected to drive the growth of this segment.
"North America to witness significant growth during the forecast period"
North America held a prominent share of the global ICS security market in 2020 and is expected to showcase a prominent growth rate during the forecast period. This can be attributed to the presence of leading ICS security providers and the integration of cloud and IoT with ICS security solutions. In addition, a surge in investments by key players as well as the government for developing advanced ICS security solutions fuels the growth of the market. In countries such as US and Canada, there are numerous government initiatives to encourage the adoption of ICS security to maximize productivity.
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
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