Industrial Control System (ICS) Security Market Reaches $8.73 Billion by 2019 – Report by MarketsandMarkets

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Industrial Control System (ICS) Security Market research report provides detailed analysis of the growth trends and revenue forecasts based on the geographic regions and upcoming technologies in this market. (http://www.marketsandmarkets.com/Market-Reports/industrial-control-systems-security-ics-market-1273.html)

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Key players from Industrial Control System (ICS) Security Market covered in this report include: Airbus Defence and Space, Cisco, Honeywell, IBM, Juniper Networks, Lockheed Martin, Trend Micro and many more

The report “Industrial Control System (ICS) Security Market” analyzes the major driving and restraining factors for the market across different geographic regions.

Browse “Industrial Control System (ICS) Security Market” through detailed TOC, data tables and figures spread across over 192 report pages.
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ICS security is an amalgamation of two major segments which includes network security technologies and professional services. Together these segments provide overall security solutions to the national critical infrastructures such as power, energy, transportation systems, water utilities, pipelines and communication systems. Increasing sophisticated cyber-attacks and threats on control networks have made it compulsory for the power and energy producing companies to implement highly sophisticated security solutions. Most of the countries have framed strict regulations and security compliances for the securing the industrial control networks. ICS security provides network security solutions as well as professional services that are necessary to secure the power plants which helps in performing smooth operations at the plant without any disturbances and hindrances.

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 security.

MarketsandMarkets has segmented the global ICS security into following sub-segments:
1) Type of security technologies: Distributed Denial of Service, Intrusion Detection Systems/Intrusion Prevention Systems, firewall, antivirus/malware, visualization security, Data Loss Prevention, Security Information, Event Management , application white-listing, Unified Threat Management (UTM), update, patch management and database activity monitoring.
2) Type of verticals: power, energy and utilities, transportation systems, chemical and manufacturing and other critical infrastructures.
3) Regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA).

The major forces driving this market are the increased threat of cyber attacks across energy and power sector, government pressure, 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 ICS security market is expected to grow from $7.82 billion in 2014 to $11.29 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period 2014–2019. 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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