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Coronavirus Impact on ICS Security Market 2020 Analysis, Sales, Demand, and Global Research Report 2023

Market Research Future published a research report on “Coronavirus Impact on ICS Security Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

As per the latest report published by Market Research Future (MRFR) the global ICS Security Market is projected to exhibit 6.81% CAGR from 2018 to 2023. Modern industrial control systems are highly susceptible to cyber malignancy, hence require sophisticated security shielding. In recent years, incidence of security breach in ICS has increased substantially. This has subsequently fueled the demand for robust ICS security solutions. Such as security are supported by interconnected infrastructures and networks that function cohesively to safeguard industrial processes.

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Such security solutions are relied upon to resist cyber-threats. In ICS, security has been key area of focus in recent years. The focus remains on developing future-ready solutions that not only facilitate high security but also effective management of modern industrial machineries. In the foreseeable future, the demand for ICS security solutions is expected to increase significantly owing to the rapid integration advanced technologies industrial infrastructures. Industrial verticals such as manufacturing, food & beverages, energy & power, and oil & gas are undergoing massive infrastructural overhaul, which is creating opportunities for market players.

Market Segmentation

The Market Research Future report offers a wide segmental analysis of the Coronavirus Impact on ICS Security Market based on vertical, control system type, solutions, and service.

  • Based on control system type, the industrial control system security market is segmented into SCADA, DCS, PLC, and others. Of these, the SCADA control system will have the largest share in the market over the forecast period. It is expected to touch USD 6 billion.
  • Based on vertical, the industrial control system security market is segmented into transportation, energy and power, manufacturing, food and beverage, and others. Of these, the energy and power segment will dominate the market over the forecast period.
  • Based on service, the industrial control system security market is segmented into communication services, change in management, risk management, managed support, and other services. Of these, the risk management service will lead the market over the forecast period.
  • Based on the solution, the industrial control system security market is segmented into antivirus and data loss prevention, unified threat management (UTM), Firewall, and distributed denial of service (DDOS).

Global Industrial Control System (ICS) Security Market: Regional Outlook

Based on the region, the industrial control system security market report covers growth opportunities and the latest trends across South America, Asia Pacific (APAC), North America, Europe, and the Middle East and Africa (MEA). Of these, North America will have a lion’s share in the market over the forecast period. It is predicted to grow at a 5.59% CAGR. Countries such as Canada as well as the US are early adopters of these security solutions that favors prompt market growth in the region. Moreover, susceptibility to cyber-attacks of high-profile has made industrial control system security a priority.

The industrial control system security market in Europe will have the second largest share in the market over the forecast period due to growing cyber-attacks.

The industrial control system security market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to increasing industrial automation in India, Japan as well as China.

In the Middle East and Africa, the industrial control system security market is predicted to have a healthy growth over the forecast period. This is owing to the wide-scale use of such security solutions in almost every vertical to protect the applications, network infrastructure, and other types of infrastructure against vulnerabilities along with protecting attackers against exploiting security flaws to access critical information through illegal means.

Key Players

The prominent players in the industrial control systems security industry are – Cisco Systems Inc. (U.S.), Honeywell International Inc. (U.S.), Juniper Networks Inc. (U.S.), (U.S.), Siemens AG (Germany), Rockwell Automation Inc. (U.S.), Tofino Security Inc. (Canada), Trend Micro Inc. (Japan), Check Point Software Technologies Ltd. (U.S.), ABB Ltd. (U.K.), among others.

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Table of Contents

Lsit of Figures

Figure 1 Global Industrial Control System (Ics) Security Market: Market Structure 19

Figure 2 Research Process Of Mrfr 21

Figure 3 Top-Down & Bottom-Up Approaches 24

Figure 4 Dro Analysis Of Global Industrial Control System (Ics) Security Market 26

Figure 5 Drivers Impact Analysis: Global Industrial Control System (Ics) Security Market 28

Figure 6 Restraint Impact Analysis: Global Industrial Control System (Ics) Security Market 29

Figure 7 Porter's Five Forces Analysis Of The Global Industrial Control System (Ics) Security Market 31

Figure 8 Global Industrial Control System (Ics) Security Market, By Solution, 2017 (% Share) 35

Figure 9 Global Industrial Control System (Ics) Security Market, By Control System Type, 2017 (% Share) 38

Figure 10 Global Industrial Control System (Ics) Security Market, By Service, 2017 (% Share) 41

Figure 11 Global Industrial Control System (Ics) Security Market, By Vertical, 2017 (% Share) 44

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