Industrial Control Systems (ICS) Security Market Segmentation By Component (Solutions and Services); By Security Type (Network, Application, End Point and Database Security); and By Application (Manufacturing, Power & Energy, Mining, Water Utility, Transportation and Others) – Global Demand Analysis & Opportunity Outlook 2027

Buy Now Report ID: 2119 | Published Date: Feb 15, 2023


Growth Drivers

Trending Industry 4.0 And Increasing Investments For IoT

Industry 4.0 is referred to as the subset of the fourth industrial revolution and focuses on machines which are augmented with wireless connectivity and sensors. These devices are connected to a system that can visualize the entire production line and further make decisions on its own. Owing to the benefits it provides to manufacturers, by harnessing towards automation and data exchange, manufacturing organizations are investing heavily in the industry 4.0. The huge number of connected sensors and controllers in the industrial IoT (IIoT) network infrastructure has made it more complex in its nature, thereby promoting threat surface for the criminals. Such a factor is anticipated to promote significantly towards the growth of the global ICS security market.

Legacy ICS and its Susceptibility to Cyberattacks

A major concern lying behind ICS is that these software are built for long life spans and most of them being used till date were built two or three decades back. Many of the ICS even might lack security controls and standards, for instance, access control, DLP or encryption among others, and also lacks granularity, which makes it impossible for traditional firewall to block cyber-attacks. The lack of such comprehensive solutions in ICS is anticipated to have a significant impact towards the growth of the global ICS security market.

Industrial Control Systems (ICS) Security
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Market Size and Forecast

The global ICS security market is thriving on the back of growing threats and attacks on critical infrastructure globally. Existing technological infrastructure in the organizations have become vulnerable to hackers and cyber criminals on the back of process automation and remote control. Owing to such a factor, there is a rising need for safeguarding the processes and the critical infrastructure, which is anticipated to drive the growth of global ICS security market. According to the Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation (FBI), cybercrime complaints submitted to the IC3 increased from 269422 numbers in the year 2014 to 351937 numbers in the year 2018. CLICK TO DOWNLOAD SAMPLE REPORT

Total Complaints ReceivedThe market is anticipated to record a robust CAGR throughout the forecast period, i.e. 2019-2027. The global ICS security market is segmented by application into manufacturing, power and energy, mining, water utility, transportation and others, out of which, manufacturing segment is anticipated to hold the largest market share on the back of rising number of cyberattacks being targeted at the manufacturing companies. Manufacturers are adopting technical advancements in traditional manufacturing processes to improve their production by deploying sensors and thereby gathering information via analytics and IoT. The resulting action has created an opportunity for the cyberattack criminals to target these manufacturing organizations on the back of financial gain and industrial espionage, and therefore taking benefits of the challenging complexities associated with the cybersecurity management of the manufacturing plants and systems.

ICS Security Market Share



Limited Options For Security Updates

ICS are known to support critical infrastructure regularly. Owing to such a factor, these systems cannot be taken down for any security update and thereby remains vulnerable from cyber-attacks. Moreover, lack of apprehension of ICS operators, lack of skilled workers to operate and understand ICS security, and restricted computing resources, all of these factors are anticipated to act as a barrier to the growth of the global ICS security market.

Market Segmentation

Our in-depth analysis of the global ICS security market includes the following segments:

By Component

  • Solutions
    • Firewall
    • SCADA Encryption
    • Antivirus and AntiMalware
    • Intrusion Detection & Prevention
    • Identity & Access Management (IAM)
    • Distributed Denial of Service (DDoS) Solution
    • Data Loss Prevention (DLP)
    • Virtualization Security
    • Security Information & Event Management (SIEM)
    • Unified Threat Management (UTM)
  • Services
    • Managed Service
    • Integration & Consulting
    • Audit & Reporting
    • Risk Management

By Security Type

  • Network Security
  • Application Security
  • End Point Security
  • Database Security

By Application

  • Manufacturing
  • Power and energy
  • Mining
  • Water Utility
  • Transportation
  • Others

By Region

On the basis of regional analysis, the global ICS security market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is expected to hold significant market share on the back of presence of wide number of key players in the ICS security solutions in the region, coupled with increased instances of cyber-attacks, rising stringent norms and regulations for the need of cyber security, as well as the growing reliance on industrial internet of things (IIoT). According to Internet Crime Complaint Center, California recorded the highest number of cybercrime victims in the year 2018 with 49031 numbers amongst all other nations in the region.

Top 10 States in the North America By Number of Cybercrime Victims

Moreover, Middle East & Africa is expected to gain significant market share on the back of growing adoption of ICS security solutions in every vertical so as to protect the network infrastructure, applications and other critical infrastructure vulnerabilities.

The global ICS security market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Total Complaints Received
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Top Featured Companies Dominating the Market



In The News

  • Tripwire, Inc. have announced a joint partnership with HITRUST so as to help healthcare organizations achieve compliance with the HITRUST Common Security Framework (CSF), and further maintain a robust cybersecurity posture.

  •  FireEye, Inc. have announced the release of FireEye® Helix, which is a step taken towards automating security operations by combining integrated SIEM capabilities with advanced security orchestration. The platform is delivered via the cloud and also offers its customers one central platform to detect threats, automate response and simplify compliance reporting.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Abhishek Verma, Hetal Singh

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