Industrial Control Systems (ICS) Security Market By Type, By Component, By Service, By Application, By Geography — Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2019–2026

The Global Industrial Control Systems (ICS) Security Market is anticipated to reach USD 18.03 by 2023, exhibiting a healthy CAGR of 6.45% from 2020–2026. Rising trend of replacing conventional vehicles with electric vehicles, growing attacks on industrial computer systems and rise in the number of cyber threats on the critical infrastructure are the key factors driving the market growth.

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ICS systems comprise supervisory control and data acquisition (SCADA) systems, and other modules such as PLC are found across all industrial sectors. Control systems usually found in industries such as electric and water distribution plants, oil & natural gas plants and transportation and chemical industries. Adding further, it encompasses pharmaceutical, food & beverages and pulp and paper industries. The purpose of SCADA systems is used generally to regulate production systems thus offering regulatory control. PLCs are primarily used for discrete control in particular applications that prove vital to the critical infrastructure that are mostly connected and inter-dependent.

In the initial days of implementation of ICS in accordance to IT systems, industrial control systems were operating in silos within defined protocols and hardware. According with the development timeline, ICS began resembling as a critical component of IT infrastructure. Security and audit systems within this approach is now designed to cope up with typical IT systems as special precautions are taken to ensure maximum safety. However, in certain cases new security solutions are desired in order to match with the custom requirements within a setup. For instance, cybersecurity programs within ICS is now become a part of enhanced safety within industrial and enterprise cybersecurity programs in line with importance for safety and reliable operations within the industrial processes.

Industrial Control Systems (ICS) Security Market Trends, Drivers and Opportunities:

Industrial control systems (ICS) security market is significantly driven by the growing need for security of digital assets within industrial systems. Control systems and solutions to safeguard the network nodes and enhance security management within IT infrastructure is likely to result in a high demand. Moreover, data virtualization techniques are gaining traction owing to the high proliferation of Internet.