Industrial Control Systems Security Market by Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), End-use Industry (Energy & Utilities)—Global Forecast to 2030

Industrial Control Systems Security Market by Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), End-use Industry (Energy & Utilities)—Global Forecast to 2030

Industrial Control Systems Security Market Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), End-use Industry (Energy & Utilities, FMCG) and Geography — Global Forecasts to 2030

The research report titled, “Industrial Control Systems Security Market Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), End-use Industry (Energy & Utilities, FMCG) and Geography — Global Forecasts to 2030”, provides in-depth analysis of industrial control systems security market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The global industrial control systems security market is expected to reach $30.2 billion by 2030, growing at a CAGR of 10.1% during the forecast period of 2023–2030.

The growth of this market is attributed to government initiatives and regulations supporting the adoption of ICS security solutions and increasing automation in manufacturing industries. In addition, the increasing adoption of Industry 4.0 and smart manufacturing technologies and the growing demand for robotic process automation systems is expected to offer significant growth opportunities for the growth of this market. However, the high capital expenditure required for ICS security deployment restrains the growth of this market up to a certain extent.

Based on offering, the market is segmented into hardware, software, and services. In 2023, the services segment is expected to account for the largest share of the global industrial control systems security market. However, the software segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing concerns regarding data security and privacy and industrial enterprises’ consistent efforts to improve efficiencies, reduce costs, and increase security

Based on organization size, the market is segmented into large enterprises and small and medium-sized enterprises. In 2023, the large enterprises segment is expected to account for the larger share of the global industrial control systems security market. However, rising awareness regarding the significance of ICS security among small and medium-sized enterprises is expected to boost the growth of the small and medium-sized enterprises segment at a higher CAGR during the forecast period.

Based on application, the market is segmented into data loss prevention, unified threat management, encryption, identity & access management, risk & compliance management, antivirus/anti-malware, intrusion detection/prevention, distributed denial of service (DDoS) mitigation, security & vulnerability management, security configuration management, security information & event management (SIEM), whitelisting, firewalls, and other applications. In 2023, the identity & access management segment is expected to account for the largest share of the global industrial control systems security market. However, the risk & compliance management segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing penetration of industrial control systems and the rising adoption of eGRC solutions to optimize risk management and minimize fraud.

Based on end-use industry, the market is segmented into automotive, electronics & electrical, FMCG, heavy metals & machinery, energy & utilities, transportation, and other industries. In 2023, the energy & utilities segment is expected to account for the largest share of the global industrial control systems security market. However, the FMCG segment is expected to record the highest CAGR during the forecast period. The growth of this segment is driven by the adoption of advanced technologies in the FMCG market due to frequent changes in consumer preferences and increasing data breaches in FMCG companies.

Geographic Review:

Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa region. In 2023, North America is expected to account for the largest share of the global industrial control systems security market. However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this market is attributed to the advent of Industry 4.0 and increasing cyberattacks in the industrial sector.

The key players operating in the global industrial control systems security market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), ABB Ltd (Switzerland), Honeywell International, Inc. (U.S.), Schneider Electric SE (France), BAE Systems plc (U.K.), Applied Risk (Netherlands), Verve Industrial Protection (U.S.), CrowdStrike Holdings, Inc. (U.S.), Sophos Ltd. (U.K.), Claroty Ltd. (U.S.), Imperva, Inc. (U.S.), Trend Micro Incorporated (Japan), Darktrace Holdings Limited. (U.K.), Cyberbit Ltd (Israel), AO Kaspersky Lab (Russia), Radiflow LTD (Israel), Positive Technologies (Russia), and Airbus SE (Netherlands).

Key questions answered in the report:

Which are the high growth market segments in terms of offering, security type, organization size, application, end-use industry, and countries?
What is the historical market for industrial control systems security across the globe?
What are the market forecasts and estimates from 2023–2030?
What are the major drivers, restraints, and opportunities in the global industrial control systems security market?
Who are the major players in the global industrial control systems security market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global industrial control systems security market?
What are the different strategies adopted by the major players in the global industrial control systems security market?
What are the geographical trends and high growth countries?
Who are the local emerging players in the global industrial control systems security market and how do they compete with the other players?

Scope of the Report:

Market Assessment, by Offering

Hardware
Software
Services
Professional Services
Managed Services

Market Assessment by Security Type

Network Security
Application Security
Cloud Security
Endpoint Security

Market by Assessment, by Organization Size

Small and Medium-sized Enterprises
Large Enterprises

Market by Assessment, by Application

Data Loss Prevention
Unified Threat Management
Encryption
Identity & Access Management
Risk & Compliance Management
Antivirus/Antimalware
Intrusion Detection/Prevention
Distributed Denial of Service (DDoS) Mitigation
Security & Vulnerability Management
Security Configuration Management
Security Information & Event Management (SIEM)
Whitelisting
Firewalls
Other Applications

Market Assessment, by End-use Industry

Automotive
Electronics & Electrical
FMCG
Heavy Metals & Machinery
Energy & Utilities
Transportation
Other Industries

Market Assessment, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Netherlands
Denmark
Sweden
Rest of Europe
Asia-Pacific
Japan
China
India
Singapore
Malaysia
Australia & New Zealand
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
UAE
Israel
Saudi Arabia
Rest of Middle East & Africa

Industrial Control Systems Security Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	305
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Offering, Market by Security Type, Market by Organization Size, Market by Application, Market by End-use Industry, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)
Key Companies Mentioned	Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), ABB Ltd (Switzerland), Honeywell International, Inc. (U.S.), Schneider Electric SE (France), BAE Systems plc (U.K.), Applied Risk (Netherlands), Verve Industrial Protection (U.S.), CrowdStrike Holdings, Inc. (U.S.), Sophos Ltd. (U.K.), Claroty Ltd. (U.S.), Imperva, Inc. (U.S.), Trend Micro Incorporated (Japan), Darktrace Holdings Limited. (U.K.), Cyberbit Ltd (Israel), AO Kaspersky Lab (Russia), Radiflow LTD (Israel), Positive Technologies (Russia), and Airbus SE (Netherlands).

FAQs About the Report

What is the value of revenue generated from the sales of industrial control systems security solutions across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The global Industrial control systems security market is projected to reach $30.2 billion by 2030, at a CAGR of 10.1% during the forecast period.

Which offering segment showcases high growth opportunities for the industrial control systems security market players?

In 2023, the services segment is expected to account for the largest share of the global industrial control systems security market. The segment’s large share is attributed to the rising demand for cybersecurity services in the industrial sector and the growing need to improve business processes by protecting networks against unauthorized access and securing device connectivity.

Which security type segments of the market are projected to create more traction in the industrial control systems security market?

In 2023, the network security segment is expected to account for the largest share of the global industrial control systems security market. However, the cloud security segment is expected to record the highest CAGR during the forecast period.

What are the key factors driving the growth of the industrial control systems security market? What are major opportunities for existing market players and new entrants in the market?

The growth of this market is driven by the consistent rise in the adoption of cloud-based services, government initiatives and regulations supporting the adoption of ICS security solutions, and the increasing automation in manufacturing industries. The increasing adoption of Industry 4.0 and smart manufacturing technologies and the growing demand for robotic process automation systems are expected to create growth opportunities for the players operating in this market.

Who are the major players operating in the global industrial control systems security market?

The key players operating in the global industrial control systems security market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), ABB Ltd (Switzerland), Honeywell International, Inc. (U.S.), Schneider Electric SE (France), BAE Systems plc (U.K.), Applied Risk (Netherlands), Verve Industrial Protection (U.S.), CrowdStrike Holdings, Inc. (U.S.), Sophos Ltd. (U.K.), Claroty Ltd. (U.S.), Imperva, Inc. (U.S.), Trend Micro Incorporated (Japan), Darktrace Holdings Limited. (U.K.), Cyberbit Ltd (Israel), AO Kaspersky Lab (Russia), Radiflow LTD (Israel), Positive Technologies (Russia), and Airbus SE (Netherlands).

Which regions/countries are expected to witness significant demand for industrial control systems security in the coming years?

In 2023, North America will dominate the global industrial control systems security market. However, Asia-Pacific is expected to grow at the highest rate over the coming years.