North America is expected to be the biggest industrial control system security market on the basis spending and adoption for ICS security solutions.
(PRWEB) January 07, 2015
The industrial control system security market is expected to grow from $7.82 billion in 2014 to $11.29 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 7.6% from 2014 to 2019. Power and energy & utilities vertical will account for the largest market share throughout the forecast period. However, there are a few revenue pockets, namely transportation systems and chemical and manufacturing that will witness significant growth in this period.
The complexity in networks and the need to develop sophisticated tools to counter the threats and attacks have forced the solution vendors to constantly upgrade their solutions and develop new technologies. Companies are spending a large amount of money to develop these advanced technologies. The implementation of these technologies demand heavy centralized processing units and technologies, thereby increasing the costs incurred to provide complete and fool proof protection to these industrial control system networks.
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Industrial control system security market report focuses on the protective measures and solutions that need to be taken to protect the power, energy, transportation and utility resources against the threats such as Stuxnet, Flame, Duqu and Night Dragon attacks. It also provides insights into the various intelligent security solutions which enable the providers to integrates collect and analyze the network through the data generated by their Supervisory Control and Data Acquisition (SCADA) networks and grids. The network security technologies covered in this report are 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 white listing, Unified Threat Management (UTM), update and patch management and database activity monitoring; and professional services such as risk management, design, integration and consulting services, managed services and audit and reporting services.
Companies profiled in ICS system research report are ABB, Airbus Defense And Space, Cisco, Honeywell International INC, IBM, Juniper Networks, Lockheed Martin, Siemens AG, Tofino Security, and Trend Micro.
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The rapid growth in the construction of key infrastructures and the dependence on advanced Information Technologies (IT), the need to secure the infrastructure’s network has increased than ever before. The report focuses on empowering the critical infrastructure owners with a feature-rich platform to deliver secure networking environment to these infrastructures. These solutions provide several advantages such as improved command and control systems, remote monitoring, perimeter security, workplace flexibility, quick response systems and accelerated performance with simplified operations.
ICS enables the organizations to monitor and control the industrial processes that include multiple sites and large distances. Governments and private organizations implement several types of control systems across various industrial sectors and critical infrastructures. ICS are typically used in the industries such as electrical, water, communication, transportation sectors, oil and gas. The widespread deployment of control systems has forced the companies to deal with a variety of security challenges such as criminal activities and cyber intrusion. The government and international organizations are inclined towards providing protection to key assets, as any disruption can have serious consequences for Homeland Security (HLS), public safety and the economic activity of the nation.
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