“Industrial Control Systems Security Market is forecasted to be worth USD 25.12 Billion by 2027, according to a current analysis by Emergen Research.”
The study also covers competitive analysis and regional bifurcation to impart a better understanding of the market. It also offers key insights into the business landscape to assist the stakeholders and business owners formulate strategic investment strategies.
The industrial control system security market is expected to grow substantially over the forecast period owing to the rising cyber threats like Night Dragon Operation and Stuxnet in various industries. The growing smart grid implementations, cloud technology for essential infrastructure security, and increasing corporate investment on industrial control systems are expected to further boost the market growth.
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Industry Size – USD 15.24 billion in 2019, Market Growth – CAGR of 6.9%, Market Trends – The rise in the application of smart grid technology for crucial infrastructure security.
Key market players included in the study are:
BAE Systems plc, Cisco Systems, Inc., Honeywell International Inc., Claroty Ltd., CyberArk, Airbus SE, Palo Alto Networks, Inc., Sophos Group plc, ABB Inc., and Indegy Ltd. among others.
Owing to significant benefits such as enhanced security controls, improved cybersecurity, vulnerability prevention, enhanced monitoring, quick and simple implementation, effective integration with networks, the endpoint security segment held the largest market with a share of 32.7% in 2019 in the industrial control systems security market.
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The consultancy and integration segment is anticipated to dominate the market over the forecast period owing to benefits such as improved efficiency, centralized, safe storage, easy operation, time and cost-efficiency, real-time connectivity, and transparency.
The complete regional analysis covers:
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Industrial Control Systems Security Market Segmentation & Impact Analysis
4.1. Industrial Control Systems Security Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing cyber threats on critical infrastructure
4.2.2.2. Growing adoption of industrial automation and IoT
4.2.3. Market restraints analysis
4.2.3.1. Complexities of implementing and updating industrial control systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Industrial Control Systems Security Market By Security Type Insights & Trends, Revenue (USD Billion)
5.1. Security Type Dynamics & Market Share, 2019 & 2027
5.1.1. Network
5.1.2. Application
5.1.3. Database
5.1.4. Endpoint
Chapter 6. Industrial Control Systems Security Market By Service Insights & Trends Revenue (USD Billion)
6.1. Service Dynamics & Market Share, 2019 & 2027
6.1.1. Incident Response Services
6.1.2. Support and Maintenance
6.1.3. Managed Security Services
6.1.4. Consultation and Integration
6.1.5. Training and Development
Continue…!
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