Industrial Control Systems Security Market - Emerging Trends & Global Industry Forecast to 2026

Industrial Control Systems Security Market - Emerging Trends & Global Industry Forecast to 2026

A detailed analysis of the industrial control systems security market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.

The industrial control systems security market is estimated to garner considerable revenue growth on account of prompting need for efficient cybersecurity solutions. ICS security focuses on protecting integrated software and hardware developed to control and monitor the operation of machinery and other related devices used in industrial environments.

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Integrated hardware and software components have become the backbone of industrial units and play an integral role in automating multiple industrial processes. These components mainly include distribution control and supervisory control systems. Any vulnerability or malfunction caused by malware attacks to these components could lead to a substantial financial loss.

In regard to applications, industrial control systems security market is fragmented into critical manufacturing, power and energy, water utility, mining, chemical, and transportation. Out of these, the power and energy application segment managed to dominate global market share in 2019 and is projected to maintain a stronghold on the market throughout the predicted timeframe. Organizations operating in the energy sector are rapidly implementing robotics and IoT systems in their process.

However, this trend has made these systems vulnerable to cyber-threats. As a matter of fact, the energy industry is considered to be the most vulnerable sector for ICS attacks and has been listed under one of the most impacted industries over the last five to seven years. As per US ICS-CERT, a total of 509 vulnerabilities were identified across different ICS components in 2019.

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On the regional aspect, North America is considered to be a strategical ground for ICS security companies and is forecasted to hold more than 30% of the global market share by the end of 2026. Factors like surging cyberattacks and growing investments across the U.S. oil & gas sector could play a vital role in strengthening the demand for ICS security solutions.

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