Industrial Control Systems (ICS) Security

Global Industrial Control Systems (ICS) Security Market to Reach US$23.2 Billion by 2030

The global market for Industrial Control Systems (ICS) Security estimated at US$18.0 Billion in the year 2024, is expected to reach US$23.2 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2024-2030. ICS Security Solutions, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$12.3 Billion by the end of the analysis period. Growth in the ICS Security Services segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.8 Billion While China is Forecast to Grow at 7.3% CAGR

The Industrial Control Systems (ICS) Security market in the U.S. is estimated at US$4.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Global Industrial Control Systems (ICS) Security Market - Key Trends & Drivers Summarized

What Are the Main Threats Facing ICS Security Today?

Industrial Control Systems (ICS) are crucial to operations across various sectors including manufacturing, energy, water management, and transportation. These systems encompass types such as Supervisory Control and Data Acquisition (SCADA) systems, Distributed Control Systems (DCS), and Programmable Logic Controllers (PLC). The primary security threats to these systems include cyber-attacks from nation-states, terrorists, and industrial spies aiming to disrupt, disable, or remotely control operations. Ransomware attacks, in particular, have seen a dramatic rise, targeting industrial operations to seize control and demand significant ransom payments. The connectivity of these systems with corporate networks and the internet exposes them to vulnerabilities previously shielded in isolated environments, making robust ICS security measures more crucial than ever.

How Has the Integration of IT and OT Influenced ICS Security?

The convergence of Information Technology (IT) and Operational Technology (OT) systems, driven by the push for Industrial Internet of Things (IIoT) integration, has significantly altered the ICS security landscape. This merging brings about efficiency and productivity gains but also introduces complexities in securing the systems. Traditional IT security solutions and protocols often do not translate directly to the industrial environment, where system availability and physical safety are paramount. Consequently, the industry is witnessing a shift towards customized security approaches that address the unique needs and challenges of ICS environments. This includes the development of specific cybersecurity technologies that cater to both the operational intricacy and the increasing interconnectedness of these systems.

What Role Do Regulatory Standards and Compliance Play in Shaping ICS Security Practices?

Regulatory standards and compliance requirements are pivotal in shaping ICS security practices. In response to the growing cyber threats, governments worldwide have established stringent regulations to ensure the protection of critical infrastructure. Standards such as the North American Electric Reliability Corporation Critical Infrastructure Protection (NERC CIP) in the United States, and the Network and Information Systems (NIS) Directive in the European Union, mandate organizations to implement specific security measures. These regulations not only aim to enhance the resilience of ICS against cyber threats but also ensure that the organizations are regularly audited for compliance. Non-compliance can result in severe penalties, thereby compelling industries to prioritize and continuously update their security protocols.

What Are the Key Drivers of Growth in the Industrial Control Systems Security Market?

The growth in the industrial control systems security market is driven by several factors. The increasing frequency and sophistication of cyber-attacks targeting operational infrastructures necessitate advanced security solutions. Technological advancements in machine learning and artificial intelligence are being leveraged to predict, detect, and mitigate threats more effectively. Additionally, the rising implementation of IIoT devices enhances connectivity but also expands the attack surface, thus driving demand for robust security solutions. The tightening of regulatory standards across the globe also compels industries to adopt upgraded security measures to ensure compliance and protect critical data. Furthermore, the growing awareness among enterprises about the potential impacts of industrial cyber-attacks on safety, revenue, and brand reputation fuels the continuous development and adoption of ICS security solutions.

SCOPE OF STUDY:

The report analyzes the Industrial Control Systems (ICS) Security market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Solutions, Services); Security Type (Endpoint Security, Network Security, Application Security, Database Security); Vertical (Energy & Utilities, Power, Manufacturing, Transportation Systems, Other Verticals)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 41 Featured) -

• ABB Group
• Airbus Group SAS
• BAE Systems PLC
• Baker Hughes, Inc.
• Belden, Inc.
• Check Point Software Technologies Ltd.
• Cisco Systems, Inc.
• CyberArk Software Ltd.
• Cyberbit Ltd.
• Dragos Yachts A.S
• FireEye, Inc.
• Fortinet, Inc.
• Honeywell International, Inc.
• Indegy Ltd.
• Kaspersky Lab
• McAfee
• Nozomi Networks Inc.
• Palo Alto Networks, Inc.
• Positive Technologies
• Rockwell Automation, Inc.
• Schneider Electric SA
• SecurityMatters B.V.
• Sophos Ltd.
• Symantec Corporation
• Waterfall Security Solutions Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.