The global industrial control systems (ICS) security market size was US$ 17.79 billion in 2021. The global industrial control systems (ICS) security market size is forecast to reach US$ 30.91 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2030.

The purpose of industrial control system security is to prevent interference or unintentional interference with the operation of control systems and industrial automation. The system security also provides malware protection, extends the patching cycle, and reduces system complexity and maintenance requirements. A control system manages and controls specific functions, such as petroleum production, transportation, manufacturing, electricity, and communications. Power, energy, and transportation resources can use industrial control systems security in order to protect themselves against threats like Duqu, Flame, Night Dragon, and Stuxnet.

Factors Influencing Market Growth

• Cyber-attacks and network security threats have increased due to investments in smart technologies. Therefore, government security organizations were required to participate in ICS security. These factors have contributed to the global market growth of industrial control systems security.
• The growing adoption of cloud-based SCADA (supervisory control and data acquisition) systems is forecast to provide lucrative growth opportunities for the global market.
• The rise of automation technologies and IoT across various industrial control applications, and increased investments for the deployment of smart grids, are propelling the growth of the global market.
• The implementation of ICS security solutions requires company-wide coverage to provide smooth and secure operations, thereby increasing the cost of infrastructures, which proves prohibitively expensive for many operators, thus slowing down the overall market growth.

Impact Analysis of COVID-19

The COVID-19 has exhibited significant market growth. Due to the penetration of digital transformation strategies, the need for safety systems has directly increased. Consequently, problems like availability, performance, safety, and mounting IT costs added to the demand for industrial control systems solutions and services. Due to the proliferation of the internet and the ICS, the COVID-19 drove the adoption of industrial control methods. It provides advantages like better management and interconnection. In addition, the WFH trends and hybrid work models supported the market growth.

Regional Insights

Globally, North America held the largest market share in 2021. As the market's responsiveness for novel technologies and their development increases, such as the integration of IoT and cloud with ICS security solutions, this will spur its growth. A safety governance framework and a comprehensive secure access mechanism also contribute to market growth. International collaborations and Public-Private Partnerships (PPPs) contribute to the production of adequate ICS safety in the region.

The Asia Pacific is forecast to grow at the fastest CAGR in the industrial control systems (ICS) security market over the forecast period. Increasing safety concerns have led to greater investment in safety systems. South Korea, India, Japan, China, Australia, Hong Kong, and other prime emerging nations are exhibiting exponential growth in their industries and technological developments, while effective government regulations boost their markets. A growing need for sector-specific cybersecurity, more Public-Private Partnerships (PPPs), and more R&D across the region also contribute to the growing demand for ICS security.

Leading Competitors

The leading prominent companies profiled in the global industrial control systems (ICS) security market are:

• ABB, Limited
• Airbus CyberSecurity
• Applied Security, Incorporated
• BAE Systems plc
• Belden Incorporated 
• Check Point Software Technologies
• Cisco
• Claroty, Limited
• CyberArk
• Cyberbit
• Darktrace 
• Dragos, Incorporated
• FireEye
• Forescout Technologies
• Fortinet
• Honeywell
• Kaspersky Labs
• Lockheed Martin Corporation
• Nozomi Networks Incorporated
• Palo Alto Networks, Incorporated
• Positive technologies
• Radiflow
• Raytheon Technologies Corporation
• Sophos Group plc
• Verve Industrial Protection
• Other Prominent Players

Scope of the Report

The global industrial control systems (ICS) security market segmentation focuses on Component, Solution, Security Type, Vertical, and Region.

Segmentation based on Component

• Solution
• Services

Segmentation based on Solution

• Anti-malware/Antivirus
• Distributed denial-of-service (DDoS) Mitigation
• Encryption
• Firewall
• Identity and Access Management (IAM)
• Intrusion Detection Systems (IDS)/Intrusion Prevention Systems (IPS)
• Security and vulnerability management
• Security configuration management
• Security information and event management (SIEM)
• Whitelisting
• Others

Segmentation based on Security Type

• Network
• Endpoint
• Application
• Database

Segmentation based on Vertical

• Power
• Energy and Utility
• Transportation Systems
• Manufacturing
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America