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The global Industrial Control Security market size is expected to grow from USD 17.1 billion in 2021 to USD 23.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.6% from 2021 to 2026

·3-min read

The major factors fueling the Industrial Control Security market include Growing demand for sophisticated security solutions, Evolving regulatory landscape, and Growing volumes of business data across industries.

New York, Dec. 03, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Industrial Control Systems Security Market by Component, Solution, Security type, Vertical And Region - Global Forecast to 2026" -

Services to grow at a higher CAGR during the forecast period
The global ICS security market by service has been segregated into consulting and integration, support and maintenance, training and development, incident response services, and managed security services.Many industries and business models face the risk of being disrupted due to rapid technological developments, enabling new business models, replacing old distribution channels, and changing the way people and businesses interact with each other.

These changes are driven by megatrends that have far-reaching, interrelated consequences for business, economies, industries, societies, and individuals.The above-mentioned factors combined cause massive transformational shifts.

Therefore, it is expected that medium-sized firms are likely to face the biggest challenge, especially at the level of compliance-related services. Some of the renowned players offering Industrial Control Security services include Cisco, ABB, Lockheed Martin, Fortinet, Honeywell, Palo Alto Networks, Bae Systems, Raytheon, and Fireeye.

In region segment, North America to have a higher market share during the forecast period
In terms of revenue, North America is expected to be the highest contributor to the market due to the early adoption of ICS security solutions and services across the region.As a result, the region has the largest number of vendors that provide ICS security solutions and services.

In addition, the guidelines led by the federal governments in the US and Canada compel organizations in this region to adopt ICS security solutions and services as a part of their corporate strategies. APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid adoption of cloud and virtualized environments across end users.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level Executives – 45%, Directors – 30%, and Others – 25%
• By Region: Europe – 20%, North America – 35%, APAC – 30%, and RoW – 15%

Major vendors offering Industrial Control Security market across the globe are Cisco (US), ABB (Switzerland), Lockheed Martin (US), Fortinet (US), Honeywell (US), Palo Alto (US), BAE Systems (UK), Raytheon (US), Fireeye (US), DarkTrace (UK), Check Point (Israel), Kaspersky Labs (Russia), Airbus (France), Belden (US), Sophos (UK), Cyberark (US), Claroty (US), Dragos (US), Nozomi Networks (US), Cyberbit (Israel), Forescout (US), Radiflow(US), Verve industrial protection (US), Applied security (Netherlands), Positive technologies (Russia).

The study includes an in-depth competitive analysis of the key players in the Industrial Control Security market, with their company profiles, recent developments, and key market strategies.

Research coverage
The market study covers the Industrial Control Security market size across segments.It aims at estimating the market size and growth potential of this market across different segments: by component, by Solution, by Security type, by vertical and by region.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Industrial Control Security market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities
Read the full report:

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