Steady Growth in Industrial Control Systems Security Market – An Overview

Various types of control systems take care of crucial infrastructures of different industrial sectors. Commonly known as industrial control systems or ICS comprise of different systems used for industrial production, SCADA systems, distributed control systems, etc. programs; typically used in electrical, oil, gas, water and data industries. Industrial control systems security is a vital aspect of national critical infrastructures in both developed as well as developing countries. These security systems are essential for protecting infrastructure’s distribution networks that play key role in overall development of a country. Increasing demand for industrial control systems security market is expected to drive the industry at a steady pace. Increasing adoption of advanced technologies is also an important factor for the industry.

Drivers for ICS Security Market

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Industrial control systems security is the ability of a company to secure their vital assets like critical information and automation processes from potential threats. These threats include cyber intrusions, terrorist attacks and other malicious activities threatening the organizations and national treasures. Increasing potentiality of these factors is strongly reflecting in the current condition of the industrial control systems security (ICS) market. Apart from the increased security concerns and growing governmental interest to protect their vital infrastructures, technology is also pushing the industry ahead. Increasing adoption of current security systems is driving innovation in terms of information technology in the market, which is positively reflecting on the global industry for these security systems.

Segments

Industry for ICS security systems is segmented on the basis of services and components. These components take required protective measures to secure industries like power, transportation, utilities and IT from various kinds of attacks. They also provide crucial insight into various intelligent solutions, which include SCADA, grids and networks. Technologies available for network security include firewall, application whitelisting, malware/antivirus software, and patch management, timely updates, Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS), Distributed Denial of Service (DDoS), Unified Threat Management (UTM) and different professional services. These professional services include reporting, audit, risk management, integration, design, consulting and managed services.

Forecasts

According to industrial control systems security market research reports, the industry is estimated to grow at an anticipated CAGR of over 8% during the forecasting span of next four to five years. It means, from 2013 to 2018, the market will reach from $7.02 billion in 2013 to $10.33 billion by the end of the year 2018. Major global players are aggressively investing in the industry, which is supporting the increasing demand and adoption of ICS security systems. As a result, the market is expected to show sharp growth across various developed and developing markets including North America, Europe, Asia Pacific and Middle East and Africa. Emerging markets are expected to perform good during the forecasting period, which is attributed to increasing rate of adoption and growing concern of the authorities.

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