Industrial Control System Security Market Hits $11.29 Billion by 2019
Browse 71 market data tables, 78 figures spread through 192 pages and in-depth TOC on “Industrial Control System (ICS) Security Market - Global Forecast to 2019”
Industrial Control System (ICS) Security Market by Technology (DDOS, IDS/IPS, Firewall, SIEM, SCADA Encryption, UTM, Application, Whitelisting, DLP, Database Activity Monitoring), by Services, and by Verticals - Global Forecast to 2019
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ICS security is an amalgamation of two major segments which includes network security technologies and professional services. Together these segments provide overall security solutions to the national critical infrastructures such as power, energy, transportation systems, water utilities, pipelines and communication systems. Increasing sophisticated cyber-attacks and threats on control networks have made it compulsory for the power and energy producing companies to implement highly sophisticated security solutions. Most of the countries have framed strict regulations and security compliances for the securing the industrial control networks.
Even though there are security measures being implemented to protect the control systems and automation solutions, but there is no single comprehensive solution for providing fool-proof network security to these networks. The control system solutions that are currently implemented are in obsolete and are not prepared to counter the target specific cyber-attacks. Major Tier1 companies are now providing embedded control system solutions along with security solutions and are getting into this escalating market for ICS security.
The major forces driving this market are the increased threat of cyber-attacks across energy and power sector, government pressure and security compliance and regulations, threats from terrorist attacks and cyber-attacks, lack in comprehensive solutions for ICS security and insider threats.
The ICS security market is expected to grow from $7.82 billion in 2014 to $11.29 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period 2014–2019.