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Major Key players in ICS Security Market are ABB, Cassidian, Certes Networks, Inc, Honeywell International Inc, IBM, Juniper Networks, Inc, Lofty Perch Inc, Siemens AG, and many more.
(PRWEB) September 19, 2014
A new research report "ICS Security Market [DDOS, IDS/IPS, Firewall, SIEM, SCADA Encryption, UTM, Application Whitelisting, DLP, Database Activity Monitoring; Professional Services] - Global Advancements, Market Forecast & Analysis - 2018,” by MarketsandMarkets, defines and 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 “ICS Security Market.”
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MarketsandMarkets has segmented 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;
- Type of verticals: power, energy and utilities, transportation systems, chemical & manufacturing and other critical infrastructures
- Regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA)
Major companies, which provide embedded security solutions, which include automation solutions and network security solutions to safeguard the infrastructures. The solutions provided are highly sophisticated and provide a strong fortification to the facilities from outside threats and vulnerabilities.
The global ICS security market estimated to be $7.02 Billion expected to grow to $10.33 Billion by 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 8.0%. 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, followed by commercial, communication systems and manufacturing industry ICS security solutions.
In terms of regions, North America 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.
The power grids, energy utilities and pipelines are also not detached from critical infrastructures attacks all over the globe and are posing major threats. These cyber-attacks on the facility networks enable the hackers to control the processes and compromise the integrity of critical information. To safeguard the processes and the critical infrastructures, almost every country and the related companies are turning towards robust security solutions.
Another important driving factor for the ICS security market is the increased government pressure, security compliance and regulations. Governments of both developed and developing nations have outlined strict measures to secure the infrastructures of energy, power, transportation and utilities sector. The infrastructure and related companies producing and distributing power, oil and gas, water utilities have to adhere to these regulation and compliance for the overall security of the industry. These regulations have helped the companies and the countries to safeguard the critical infrastructures.
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The major confusion is about the solutions available for ICS network security. The control systems solutions available in the market are obsolete and are not design to cater to current cyber security needs. The companies have to implement these security solutions according to their security protocol requirements. Foreseeing these issues, there is a large demand in the market for an inclusive security solution for ICS security that would include easy integration of various processes over a single platform as well as provide network security solutions. This demand is also driving the overall ICS security market across the globe.
Prominence is given on securing the processes in the facility from outside attacks and threats. However, in recent times, there has been an increase in the insider attacks. Companies are focusing more on securing the restricted areas by implementing authentication and access controls. These policies are designed by security consulting companies for protecting the facilities from people who are working inside the plants. These issues have given a boost for the ICS security consulting and professional services.
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