Industrial Control Systems (ICS) Security Market Segmentation, Analysis by Recent Trends, Development by Regions to 2024
Category: #headlines  By Partha Ray  Date: 2019-08-12
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Industrial Control Systems (ICS) Security Market Segmentation, Analysis by Recent Trends, Development by Regions to 2024

Industrial Control Systems (ICS) Security Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Industrial Control Systems (ICS) Security Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status

 

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Industrial Control Systems (ICS) Security market is projected to surpass USD 7 billion by 2024. Industrial control system encompasses different types of control systems in the industrial environment including Distributed Control Systems (DCS), Supervisory Control and Data Acquisition (SCADA) systems, and configurations such as Programmable Logic Controllers (PLC). An ICS comprises different mechanical, pneumatic, electrical, and hydraulic components that function together to facilitate the completion of industrial objectives such as the transportation or manufacturing of energy or matter. It is found in various industries such as power & energy, chemical, water and wastewater, pulp & paper, pharmaceutical, and advanced manufacturing (aerospace, automotive, durable goods, etc.). It plays an important role in the functioning of the critical infrastructures that consist of mutually dependent and highly interconnected systems.

 

Securing ICS components from the risks of cyber-attacks is highly critical as the consequences of cyber incidents in an industrial environment can be far more severe than the associated financial losses. Some of these consequences include a long-lasting impact on the environment, fines from regulators or partners or customers, who have been put at risk, and loss of a service or a product due to a data breach. As industrial cyber-attacks are becoming common, it is one of the most critical concerns for industries to identify and assess risks and establish the necessary policies and procedures to manage those risks effectively.

 

The ICS security market is projected to register a CAGR of over 20% between 2018 and 2024. The growth is attributed to the increasing incidents of cyber-attacks on critical infrastructure industries and consistent increase in the number of vulnerabilities detected in ICS components globally with government policies to ensure a robust IT security framework for National Critical Infrastructure (NCI) protection. The increasing need to secure industrial IT infrastructure from internal threats will contribute to the growing awareness related to ICS security over the forecast timeline. Using ICS security, companies can minimize the potential exposure to threats arising from internal resources by preventing access violations from unauthorized users. IT administrators can implement policies to determine, who can gain access to the applications and control systems equipment by centrally managing the user authentication and authorization.

 

The ICS system providers play a critical role in the ICS security landscape wherein they develop and commercialize advanced solutions as well as focus on developing robust cyber security solutions. These companies combine their long-standing expertise in the fields of industrial automation and process control to provide highly relevant security solutions and services to their customers. Some of these solutions include SCADA encryption, firewalls, identity & access management, virtualization security, endpoint protection, network security, secure media exchange, and managed ICS security services. As industrial organizations currently seek to leverage operational expenditure over capital expenditures, they want to reduce the concerns of acquiring, installing, and maintaining headwear or software systems on their premises. Security providers are focusing on offering flexible and scalable solutions in the form of a service to their customers. The benefits of Security-as-Service (SECaaS) model are constant virus updates and enhanced security expertise not available within an organization, outsourcing of administrative tasks such as log management, and faster user provisioning.

 

Advanced technologies in Artificial Intelligence (AI) and machine learning are emerging as effective tools to facilitate improved ICS security against sophisticated cyber threats. By using the real-time data monitoring with automated response and orchestration, these solutions offer an enhanced value compared to the legacy systems that function on the human-intervention based response.

 

North America held the majority share of the ICS security market in 2017 due to the extensive availability of legislative and regulatory policies and guidelines for securing ICS environments. Various government and industry organizations in the U.S. work toward strengthening the cybersecurity framework in industrial sectors by collaborating with industry experts to frame relevant security standards. This strong emphasis on the ICS security has primarily driven the North America ICS security market growth over the past decade.

 

LAMEA ICS security market is projected to register the fastest growth between 2018 and 2024 with a CAGR of around 30%. The key factors that are expected to facilitate this accelerated growth are increasing cyber attacks on oil & gas industries along with the other critical industrial sectors. Recent Triton malware attacks on industrial safety systems in the region in 2017 are examples of evolving cyber threats to the national critical infrastructure in the region.

 

 

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Report Content

 

Chapter 1.   Methodology & Scope

 

1.1.  Methodology

 

1.1.1. Initial data exploration

 

1.1.2. Statistical model and forecast

 

1.1.3. Industry insights and validation

 

1.1.4. Scope

 

1.1.5. Definition

 

1.1.6. Methodology and forecast parameters

 

1.2.  Data Sources

 

1.2.1. Primary

 

1.2.2. Secondary

 

1.2.2.1.  Paid sources

 

1.2.2.2.  Public sources

 

Chapter 2.   Executive Summary

 

2.1.  ICS Security industry 360º synopsis, 2013 - 2024

 

2.1.1. Region trends

 

2.1.2. Security type trends

 

2.1.3. Component trends

 

2.1.4. Application trends

 

Chapter 3.   ICS Security Industry Insights

 

3.1.  Introduction

 

3.2.  Features/benefits of ICS security solutions

 

3.3.  Industry segmentation

 

3.4.  ICS security industry landscape

 

3.5.  Industry ecosystem analysis

 

3.6.  Top 10 threats and countermeasures for ICS security

 

3.6.1. Social engineering and phishing

 

3.6.2. Malware infection through internet and intranet

 

3.6.3. Human errors and sabotage

 

3.6.4. Infiltration of malware through removable media and external hardware

 

3.6.5. Technical malfunctions and unavoidable accidents

 

3.6.6. Control components connected to the internet

 

3.6.7. Compromising of cloud and extranet components

 

3.6.8. Intrusion through remote access

 

3.6.9. Compromising of smartphones in the production environment

 

3.6.10.  DDoS attacks

 

3.7.  IT/OT

 

3.7.1. OT/IT Convergence

 

3.8.  Technology & innovation landscape

 

3.8.1. Security-as-Service

 

3.8.2. AI and machine learning

 

3.9.  Regulatory landscape

 

3.9.1.1.  The ISA/IEC 62443 standard

 

3.9.1.2.  NIST SP 800-53

 

3.9.1.3.  Critical Infrastructure Protection Mandates (NERC)

 

3.9.1.4.  The Security of Network and Information Services Directive (NIS Directive) (EU)

 

3.9.1.5.  IT Security ACT (Germany)

 

3.9.1.6.  Cybersecurity Law (China)

 

3.10.    Industry impact forces

 

3.10.1.  Growth drivers

 

3.10.1.1.   Increasing incidents of cyber-attacks on offshore industrial platforms and marine operations

 

3.10.1.2.   Growing adoption of IIoT

 

3.10.1.3.   Advancements in smart technologies for identity management

 

3.10.1.4.   Government initiatives for ICS security

 

3.10.2.  Industry Pitfalls and Challenges

 

3.10.2.1.   Prevalence of legacy security systems

 

3.10.2.2.   Lack of in-house technical expertise

 

3.10.2.3.   Growing inclination towards renewable energy sources

 

3.11.    Porter’s Analysis

 

3.12.    PESTEL analysis

 

3.13.    Growth potential analysis

 

Chapter 4.   Competitive Landscape, 2017

 

4.1.  Introduction

 

4.2.  Competitive analysis of key market players

 

4.2.1. General Electric Company

 

4.2.2. Honeywell International

 

4.2.3. Rockwell Automation

 

4.2.4. Schneider Electric

 

4.3.  Siemens Competitive analysis of other prominent players

 

4.3.1. Fortinet

 

4.3.2. Kaspersky Lab

 

4.3.3. Symantec

 

4.3.4. FireEye

 

4.4.  Competitive landscape

 

Chapter 5.   ICS Security Market, By Security Type

 

5.1.  Key trends, by security type

 

5.2.  Network security

 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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