Industrial Control Systems (ICS) Security Market Worth $10.33 Billion by 2018
DALLAS, November 7, 2013 /PRNewswire/ –
The report “Industrial Control Systems (ICS) Security Market [DDOS, IDS/IPS, Firewall,
SIEM, SCADA Encryption, UTM, Application Whitelisting, DLP, Database Activity Monitoring;
Professional Services] – Global Advancements, Market Forecast & Analysis (2013 – 2018)”,
segments the global ICS security market into various sub-segments with in-depth analysis
and forecasting of revenues. It also identifies drivers and restraints for this market
with insights into trends, opportunities, and challenges.
Browse 83 Market Data Tables and 27 Figures spread through 192 Pages and in-depth TOC
on “Industrial Control Systems (ICS) Security Market”
Early buyers will receive 10% customization on this report.
Report segments the global ICS security by type of security technologies: Distributed
Denial of Service (DDoS), Intrusion Detection Systems/Intrusion Prevention Systems
(IDS/IPS), firewall, antivirus/malware, virtualization security, Data Loss Prevention
(DLP), Security Information and Event Management (SIEM), application whitelisting, Unified
Threat Management (UTM), update and patch management and database activity monitoring; by
type of verticals: power, energy and utilities, transportation systems, chemical and
manufacturing and other critical infrastructures; by regions: North America (NA), Asia
Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA).
Increasing terrorist attacks, rise in the sophisticated cyber and network security
threats and increasing government pressure for regulatory policies and security
compliances are playing a major role in shaping the future of the ICS security market.
Even though there are security measures being implemented to protect the control systems
and automation solutions, but there is no single comprehensive solution for providing
fool-proof network security to these networks. The control system solutions that are
currently implemented are in obsolete and are not prepared to counter the target specific
cyber attacks. Major Tier1 companies are now providing embedded control system solutions
along with security solutions and are getting into this escalating market for ICS
The major forces driving this market are the increased threat of cyber attacks across
energy and power sector, government pressure and security compliance and regulations,
threats from terrorist attacks and cyber attacks, lack in comprehensive solutions for ICS
security and insider threats. Companies providing cyber security solutions are looking
forward to gain a better competitive advantage in this growing market, thereby creating
comprehensive security solutions and integrated security management platforms for the
industries and critical infrastructures.
The global Industrial Control Systems Security Market is estimated to be $7.02 billion
in 2013 and is expected to grow to $10.33 billion in 2018. This represents an estimated
Compound Annual Growth Rate (CAGR) of 8.0% from 2013 to 2018. . In the current scenario,
the power, energy and utilities vertical security continues to be the largest segment, in
terms of spending and adoption, for ICS security solutions. This is followed by
commercial, communication systems and manufacturing industry ICS security solutions. In
terms of regions, North America is expected to be the biggest market on the basis spending
and adoption for ICS security solutions. MarketsandMarkets further expects that the
increasing energy markets in the developing economies and increased deployment of ICS
infrastructure will further enhance the growth of the market.
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