Emergen Research Logo
Increasing concern over security breaches is a key factor driving industrial control systems security market revenue growth
— Emergen Research
VANCOUVER, BC, CANADA, June 20, 2023/EINPresswire.com/ — The Global Industrial Control Systems Security Market size reached USD 17.09 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for cloud-enabled industrial control systems security software is driving market revenue growth.
Industrial control systems security enables industry professionals to strengthen and improve the cybersecurity of their computer-controlled systems. These systems primarily consist of devices and networks that are used to operate and automate various industrial processes. Depending on the type of industry, each industrial control systems operate and manage functions differently and efficiently. Increasing demand for industrial systems security is mainly owing to their efficiency and increased reliability. Moreover, rising trend of interconnectivity in industrial control systems security is also providing a lucrative opportunity for market expansion.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/171
However, implementation of industrial control systems security requires robust collaboration between various public organizations, private companies, and central governments. Moreover, factors such as political differences, international fragmentation, and many others make it difficult to bring every stakeholder on a single platform and especially when implementing industrial control systems security solutions across industries such as oil & gas, power & utility, and manufacturing plants.
Evolving cyberattacks have also led to distrust among countries and there are various challenges associated with cybercrime legislation. This makes it even more difficult to implement industrial control systems security solutions. Therefore, governments across countries should come together and work constructively in order to address cybersecurity concerns related to the industrial ecosystem.
Key Companies Profiled in the Report are:
BAE Systems
Cisco
Honeywell International Inc.
Claroty
CyberArk Software Ltd.
Airbus
Palo Alto Networks
Sophos Ltd.
ABB
Tenable, Inc.
Others
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/industrial-control-systems-security-market
Some Key Highlights From the Report
Managed Security Services segment accounted for second-largest revenue share in 2021. As companies grow and compete, protecting endpoints, assets, and data from exfiltration, breach, or other cybersecurity threats becomes increasingly important. The security landscape’s complexity has increased dramatically in recent years. As a result, many companies are now looking to outsource some or all of their cybersecurity functions to a reputable security provider. Managed security services are a service model or capability that cybersecurity service providers offer to monitor and manage security devices, systems, and even Software-as-a-Service (SaaS) applications. A managed security services provider provides security monitoring and management around the clock.
Firewall is a software or firmware that is used to prevent unauthorized access to a network. It thoroughly inspects incoming and outgoing traffic using a set of rules to identify and block threats. Firewalls are important as they serve as the foundation for network security in modern computing. Most devices utilize firewalls to mitigate threats and also to inspect traffic. The aforementioned benefits are making modern companies incorporate them into their security information and event management strategy along with other security devices.
Market in North America accounted for largest revenue share in 2021. The rising adoption of robotic process automation systems across all industries is driving market growth in this region. Moreover, the US is the world’s leading supplier of cutting-edge software and information technology. Moreover, the US software firms operate in a mature, standardized market, and have a reputation for developing dependable and effective solutions.
On August 31, 2021, CyberProof, a leading provider of cyber security solutions based in California, U.S., announced a partnership with Radiflow, a provider of cyber security solutions for industrial networks based in Tel Aviv-Yafo, Israel. The partnership enhances CyberProof’s ability to provide comprehensive Managed Detection and Response (MDR) services for converged Information Technology (IT) or Operational Technology (OT) systems.
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/171
Emergen Research has segmented global industrial control systems security market on the basis of security type, service, solution, and region:
Security Type Outlook (Revenue, USD Billion; 2019-2030)
Network
Application
Database
Endpoint
Service Outlook (Revenue, USD Billion; 2019-2030)
Incident Response Services
Support and Maintenance
Managed Security Services
Consultation and Integration
Training and Development
Solution Outlook (Revenue, USD Billion; 2019-2030)
Identity & Access Management
Distributed Denial of Service Solution
Firewall
Unified Threat Management
Antivirus/Anti-Malware
SCADA Encryption
Virtualization Security
Security Information and Event Management
Intrusion Detection & Prevention
Data Loss Prevention
Others
Request a discount on the report @ https://www.emergenresearch.com/request-discount/171
Regional Outlook (Revenue, USD Billion; 2019-2030)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Research Report on the Industrial Control Systems Security Market Addresses the Following Key Questions:
Who are the dominant players of the Industrial Control Systems Security market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Industrial Control Systems Security market?
What are the key growth drivers and restraining factors of the Industrial Control Systems Security market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Industrial Control Systems Security market and its key segments?
Thank you for reading our report. To know more about the customization feature, please get in touch with us, and our team will ensure the report is customized to meet your requirements.
Explore More Emergen Research Reports @
Biochar Market
https://www.emergenresearch.com/industry-report/biochar-market
Chloroformates Market
https://www.emergenresearch.com/industry-report/chloroformates-market
Teledentistry Market
https://www.emergenresearch.com/industry-report/teledentistry-market
Hydrogen Storage Tanks Market
https://www.emergenresearch.com/industry-report/hydrogen-storage-tanks-market
Sulfate Free Shampoo Market
https://www.emergenresearch.com/industry-report/sulfate-free-shampoo-market
Building Information Modelling Market
https://www.emergenresearch.com/industry-report/building-information-modelling-market
About Emergen Research
At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
Visit us on social media:
Facebook
Twitter
LinkedIn
