The global industrial control systems security market size reached USD 17.09 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for cloud-enabled industrial control systems security software is driving market revenue growth.
However, this report entails the latest updates about the impact of COVID-19 on this ever-evolving business sector. Additionally, our team of analysts has estimated the aftermath of the outbreak and its future impact on the global economic landscape.
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Industrial Control Systems Security Market Competitive Outlook:
BAE Systems, Cisco, Honeywell International Inc., Claroty, CyberArk Software Ltd., Airbus, Palo Alto Networks, Sophos Ltd., ABB, and Tenable, Inc.
Emergen Research has segmented global industrial control systems security market on the basis of security type, service, solution, and region:
Security Type Outlook (Revenue, USD Billion; 2019-2030)
Service Outlook (Revenue, USD Billion; 2019-2030)
Incident Response Services
Support and Maintenance
Managed Security Services
Consultation and Integration
Training and Development
Solution Outlook (Revenue, USD Billion; 2019-2030)
Identity & Access Management
Distributed Denial of Service Solution
Unified Threat Management
Security Information and Event Management
Intrusion Detection & Prevention
Data Loss Prevention
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Key Highlights From the Industrial Control Systems Security Market
Managed Security Services segment accounted for second-largest revenue share in 2021. As companies grow and compete, protecting endpoints, assets, and data from exfiltration, breach, or other cybersecurity threats becomes increasingly important. The security landscape's complexity has increased dramatically in recent years. As a result, many companies are now looking to outsource some or all of their cybersecurity functions to a reputable security provider. Managed security services are a service model or capability that cybersecurity service providers offer to monitor and manage security devices, systems, and even Software-as-a-Service (SaaS) applications. A managed security services provider provides security monitoring and management around the clock.
Firewall is a software or firmware that is used to prevent unauthorized access to a network. It thoroughly inspects incoming and outgoing traffic using a set of rules to identify and block threats. Firewalls are important as they serve as the foundation for network security in modern computing. Most devices utilize firewalls to mitigate threats and also to inspect traffic. The aforementioned benefits are making modern companies incorporate them into their security information and event management strategy along with other security devices.
Market in North America accounted for largest revenue share in 2021. The rising adoption of robotic process automation systems across all industries is driving market growth in this region. Moreover, the US is the world's leading supplier of cutting-edge software and information technology. Moreover, the US software firms operate in a mature, standardized market, and have a reputation for developing dependable and effective solutions.
Regional Segmentation Industrial Control Systems Security Market
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Industrial Control Systems Security market, including the global and regional analysis of the market. The study covers critical information and factual data about the Industrial Control Systems Security market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Industrial Control Systems Security market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Industrial Control Systems Security market industry.
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