Introduction to Industrial Control Systems (ICS) Security
ICS or Industrial Control Systems are referred to all those systems which are used for monitoring industrial processes from the data collected by remote sensors present in the plant and machineries of the organization. ICS security deals with the safeguarding of industrial control systems against threats such as trojans and malwares amongst others.
An ideal ICS security has the characteristics of being adaptive along with a comprehensive approach, so as to deal with emerging cyber threats. Moreover, the security system should be able to address the business requirements and also meets the risk management and performance requirements of the control systems, and further should be scalable to adhere to applicable industry standards.
Market Size and Forecast
The global ICS security market is thriving on the back of growing threats and attacks on critical infrastructure globally. Existing technological infrastructure in the organizations have become vulnerable to hackers and cyber criminals on the back of process automation and remote control. Owing to such a factor, there is a rising need for safeguarding the processes and the critical infrastructure, which is anticipated to drive the growth of global ICS security market. According to the Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation (FBI), cybercrime complaints submitted to the IC3 increased from 269422 numbers in the year 2014 to 351937 numbers in the year 2018.
The market is anticipated to record a robust CAGR throughout the forecast period, i.e. 2019-2027. The global ICS security market is segmented by application into manufacturing, power and energy, mining, water utility, transportation and others, out of which, manufacturing segment is anticipated to hold the largest market share on the back of rising number of cyberattacks being targeted at the manufacturing companies. Manufacturers are adopting technical advancements in traditional manufacturing processes to improve their production by deploying sensors and thereby gathering information via analytics and IoT. The resulting action has created an opportunity for the cyberattack criminals to target these manufacturing organizations on the back of financial gain and industrial espionage, and therefore taking benefits of the challenging complexities associated with the cybersecurity management of the manufacturing plants and systems.
Growth Drivers
Trending Industry 4.0 And Increasing Investments For IoT
Industry 4.0 is referred to as the subset of the fourth industrial revolution and focuses on machines which are augmented with wireless connectivity and sensors. These devices are connected to a system that can visualize the entire production line and further make decisions on its own. Owing to the benefits it provides to manufacturers, by harnessing towards automation and data exchange, manufacturing organizations are investing heavily in the industry 4.0. The huge number of connected sensors and controllers in the industrial IoT (IIoT) network infrastructure has made it more complex in its nature, thereby promoting threat surface for the criminals. Such a factor is anticipated to promote significantly towards the growth of the global ICS security market.
Legacy ICS and its Susceptibility to Cyberattacks
A major concern lying behind ICS is that these software are built for long life spans and most of them being used till date were built two or three decades back. Many of the ICS even might lack security controls and standards, for instance, access control, DLP or encryption among others, and also lacks granularity, which makes it impossible for traditional firewall to block cyber-attacks. The lack of such comprehensive solutions in ICS is anticipated to have a significant impact towards the growth of the global ICS security market.
Restraints
Limited Options For Security Updates
ICS are known to support critical infrastructure regularly. Owing to such a factor, these systems cannot be taken down for any security update and thereby remains vulnerable from cyber-attacks. Moreover, lack of apprehension of ICS operators, lack of skilled workers to operate and understand ICS security, and restricted computing resources, all of these factors are anticipated to act as a barrier to the growth of the global ICS security market.
Market Segmentation
Our in-depth analysis of the global ICS security market includes the following segments:
By Component
- Solutions
- Firewall
- SCADA Encryption
- Antivirus and AntiMalware
- Intrusion Detection & Prevention
- Identity & Access Management (IAM)
- Distributed Denial of Service (DDoS) Solution
- Data Loss Prevention (DLP)
- Virtualization Security
- Security Information & Event Management (SIEM)
- Unified Threat Management (UTM)
- Services
- Managed Service
- Integration & Consulting
- Audit & Reporting
- Risk Management
By Security Type
- Network Security
- Application Security
- End Point Security
- Database Security
By Application
- Manufacturing
- Power and energy
- Mining
- Water Utility
- Transportation
- Others
By Region
On the basis of regional analysis, the global ICS security market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is expected to hold significant market share on the back of presence of wide number of key players in the ICS security solutions in the region, coupled with increased instances of cyber-attacks, rising stringent norms and regulations for the need of cyber security, as well as the growing reliance on industrial internet of things (IIoT). According to Internet Crime Complaint Center, California recorded the highest number of cybercrime victims in the year 2018 with 49031 numbers amongst all other nations in the region.
Moreover, Middle East & Africa is expected to gain significant market share on the back of growing adoption of ICS security solutions in every vertical so as to protect the network infrastructure, applications and other critical infrastructure vulnerabilities.
The global ICS security market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.
Top Featured Companies Dominating the Market
- ABB
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Check Point Software Technologies Ltd.
- Cisco
- Honeywell
- McAfee, LLC
- FireEye, Inc.
- AO Kaspersky Lab
- Airbus
- Schneider Electric
- Tripwire, Inc.
