The Industrial Control Systems Security Software Market is expected to register a CAGR of 7.1% during 2023–2031. Integration of blockchain technology is likely to remain a key trend in the market.
Industrial Control Systems Security Software Market Analysis
- With increased spending by industries on industrial control systems and the growing demand for professional and managed security services in SMEs and government sectors, the market is expected to grow significantly.
- The growing convergence of Operational Technology (OT) and Information Technology (IT) in the cyber-physical ecosystems is creating an opportunity for the growth of the market.
- Furthermore, the existence of effective government policies, along with improvements in technology and sector-specific cybersecurity, also drives the growth of the industrial control system security software market.
Industrial Control Systems Security Software Market Overview
- Industrial Control System (ICS) Security Software covers the software solutions and services used to secure the software and hardware components of these industrial control systems.
- With the growing convergence of digital information and intelligence technology and operational technologies (OT), industrial control systems have become key targets for cybercriminals.
- The market for ICS security software is expected to grow at a significant rate due to an increase in the adoption of smart technologies, escalating cyber risk, and proliferation of IoT and industrial IoT (IIoT). The key objective of ICS security software is to prevent unauthorized or accidental disruption to the process of automation and control of industrial systems.
Strategic Insights
Industrial Control Systems Security Software Market Drivers and Opportunities
Increasing Cyber Threats to Industrial Control Systems to Favor the Market
- The increasing instances of advanced cyber threats targeting Industrial Control Systems (ICS) are one of the most important drivers of the ICS Security Software Market.
- The digital interlinking and interdependency of the industrial processes result in cyber invasions through the IoT and OT systems. Therefore, the susceptibility of the industrial environment to cyber-attacks continues to rise, compelling industries to adopt reliable security solutions that can prevent any interruption or damage to critical infrastructure.
- The catastrophic ramifications of cyber assaults on the ICT environment of industries carry operational and financial repercussions that warrant organizations in various sectors to invest in the ICS security software is driving the market growth.
Integration of IoT and OT Systems
- As industries introduce advanced IoT technologies on an industrial scale to automate and connect operations, improve machine-to-machine activities, and increase efficiency, these interconnected systems will require advanced security solutions to prevent becoming the targets of cyberattacks that will compromise the integrity of entire industrial systems.
- This integration increases the attack surface, creating a need for an advanced security solution tailored to the specific vulnerabilities of industrial control systems (ICSs).
- In addition, the accelerating use of the Internet of Things for energy, transportation, and manufacturing with industrial-grade security requirements is expected to raise the demand for security software that will secure critical infrastructure.
Industrial Control Systems Security Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the industrial control systems security software market analysis are components, security type, and industry vertical.
- Based on components, the industrial control systems security software market is divided into solutions and services.
- based on security type, the market is divided into cold plate network security, endpoint security, application security, and database security.
- Based on industry vertical, the industrial control systems security software market is divided into power and energy, transportation systems, manufacturing, and others.
Industrial Control Systems Security Software Market Share Analysis by Geography
- Industrial control systems security software market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering industrial control systems security software market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the industrial control systems security software market in these regions.
Industrial Control Systems Security Software Market Report Scope
Industrial Control Systems Security Software Market News and Recent Developments
The industrial control systems security software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Industrial Control Systems Security Software Market are listed below:
- Honeywell announced the release of its new operational technology (OT) cybersecurity solutions, designed to assist customers in defending the availability, reliability, and safety of their industrial control systems and operations. The offerings, which include a new Advanced Monitoring and Incident Response (AMIR) dashboard and updated Cyber App Control, are designed to empower organizations with 24/7 intelligent threat detection across the expanding attack surface of their industrial control systems (ICS). (Source: Honeywell, Press Release, November 2022)
- GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, announced the availability of its ICS Security Services. These service offerings include a Security Program Review, Security Architecture Review, and ICS Penetration Testing that collectively are designed to provide an organization with a holistic view of its entire ICS security posture. (Source: GuidePoint Security, News, September 2022).
Industrial Control Systems Security Software Market Report Coverage and Deliverables
The “Industrial Control Systems Security Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Industrial control systems security software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Industrial control systems security software market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Industrial control systems security software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the industrial control systems security software market.
- Detailed company profiles.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The global industrial control systems security software market is expected to grow at a CAGR of 7.1% during the forecast period 2023 - 2031.
Increasing cyber threats to industrial control systems is one of the major factors driving the industrial control systems security software market.
Integration of blockchain technology is anticipated to play a significant role in the global industrial control systems security software market in the coming years.
The leading players operating in the industrial control systems security software market are Cisco Systems, Inc., ABB, Fortinet Inc., Honeywell International Inc., Checkpoint Software, BAE Systems, Dragos, Rockwell Automation, Inc., Palo Alto Networks, Inc., and Belden.
The report can be delivered in PDF/PPT format; we can also share the Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1 Introduction
1.1 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Industrial Control Systems Security Software Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 By Software Types
3.2.2 By Solutions
3.2.3 By Services
3.2.4 By End-User Verticals
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific (APAC) - PEST Analysis
3.3.4 Middle East & Africa and Africa (MEA) - PEST Analysis
3.3.5 South America (SAM) - PEST Analysis
4 Industrial Control Systems Security Software Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis of Drivers and Restraints
5 Industrial Control Systems Security Software Market - Global Market Analysis
5.1 Industrial Control Systems Security Software -Global Market Overview
5.2 Industrial Control Systems Security Software -Global Market and Forecast Analysis
6 Industrial Control Systems Security Software Market Revenue and Forecasts to 2028 - Software Types
6.1 Distributed Control System (DCS)
6.1.1 Distributed Control System Market Overview
6.1.2 Distributed Control System Market Revenue and Forecast to 2028 (US$ Bn)
6.2 Programmable Logic Controller (PLC)
6.2.1 Programmable Logic Controller Market Overview
6.2.2 Programmable Logic Controller Market Revenue and Forecasts to 2028 (US$ Bn)
6.3 Supervisory Control and Data Acquisition (SCADA)
6.3.1 SCADA Market Overview
6.3.2 SCADA Market Revenue and Forecasts to 2028 (US$ Bn)
7 Industrial Control Systems Security Software Market Revenue and Forecasts to 2028 - Services
7.1 Risk Management
7.1.1 Risk Management Market Overview
7.1.2 Risk Management Market Revenue and Forecast to 2028 (US$ Bn)
7.2 Consulting Services
7.2.1 Managed Services Market Overview
7.2.2 Managed Services Market Revenue and Forecasts to 2028 (US$ Bn)
7.3 Testing and Reporting
7.3.1 Testing and Reporting Market Overview
7.3.2 Testing and Reporting Market Revenue and Forecasts to 2028 (US$ Bn)
7.4 Others
7.4.1 Others Market Overview
7.4.2 Others Market Revenue and Forecasts to 2028 (US$ Bn)
8 Industrial Control Systems Security Software Market Revenue and Forecasts to 2028 - Solution
8.1 Denial of service attacks (DoS)
8.1.1 Denial of service attacks (DoS) Market Overview
8.1.2 Denial of service attacks (DoS) Market Revenue and Forecast Analysis
8.2 Antivirus/Malware
8.2.1 Antivirus/Malware Market Overview
8.2.2 Antivirus/Malware Market Revenue and Forecast to 2028 (US$ Bn)
8.3 Firewall
8.3.1 Firewall Market Overview
8.3.2 Firewall Market Revenue and Forecasts to 2028 (US$ Bn)
8.4 Virtualization Security
8.4.1 Virtualization Security Market Overview
8.4.2 Virtualization Security Market Revenue and Forecasts to 2028 (US$ Bn)
8.5 SCADA Encryption
8.5.1 SCADA Encryption Market Overview
8.5.2 SCADA Encryption Market Revenue and Forecasts to 2028 (US$ Bn)
8.6 Database Activity Monitoring
8.6.1 Database Activity Monitoring Market Overview
8.6.2 Database Activity Monitoring Market Revenue and Forecasts to 2028 (US$ Bn)
8.7 Data Loss Prevention
8.7.1 Data Loss Prevention Market Overview
8.7.2 Data Loss Prevention Market Revenue and Forecasts to 2028 (US$ Bn)
8.8 Others
8.8.1 Others Market Overview
8.8.2 Others Market Revenue and Forecasts to 2028 (US$ Bn)
9 Industrial Control Systems Security Software Market Revenue and Forecasts to 2028 - End-user verticals
9.1 Power Generation Facilities
9.1.1 Power Generation Facilities Market Overview
9.1.2 Power Generation Facilities Market Revenue and Forecast to 2028 (US$ Bn)
9.2 Transportation
9.2.1 Transportation System Market Overview
9.2.2 Transportation System Market Revenue and Forecasts to 2028 (US$ Bn)
9.3 Water Treatment
9.3.1 Water Treatment Systems Market Overview
9.3.2 Water Treatment Systems Market Revenue and Forecasts to 2028 (US$ Bn)
9.4 Manufacturing Plants
9.4.1 Manufacturing Plants Market Overview
9.4.2 Manufacturing Plants Market Revenue and Forecasts to 2028 (US$ Bn)
9.5 Others (Chemical, etc.)
9.5.1 Others Market Overview
9.5.2 Others Market Revenue and Forecasts to 2028 (US$ Bn)
10 Industrial Control Systems Security Software Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Industrial Control Systems Security Software Market overview
10.2.2 North America Industrial Control Systems Security Software Market forecast and analysis
10.2.2.1 North America Industrial Control Systems Security Software market forecast and analysis - By Countries
10.2.2.1.1 US market
10.2.2.1.2 Canada market
10.2.2.1.3 Mexico market
10.2.2.2 North America Industrial Control Systems Security Software market forecast and analysis - By Software Types
10.2.2.3 North America Industrial Control Systems Security Software market forecast and analysis - By Solutions
10.2.2.4 North America Industrial Control Systems Security Software market forecast and analysis - By Services
10.2.2.5 North America Industrial Control Systems Security Software market forecast and analysis - By End-User Verticals
10.3 Europe
10.3.1 Europe Industrial Control Systems Security Software Market overview
10.3.2 Europe Industrial Control Systems Security Software Market forecast and analysis
10.3.2.1 Europe Industrial Control Systems Security Software market forecast and analysis - By Countries
10.3.2.1.1 Germany market
10.3.2.1.2 France market
10.3.2.1.3 UK market
10.3.2.1.4 Italy market
10.3.2.1.5 Rest of Europe
10.3.2.2 Europe Industrial Control Systems Security Software market forecast and analysis - By Software Types
10.3.2.3 Europe Industrial Control Systems Security Software market forecast and analysis - By Solutions
10.3.2.4 Europe Industrial Control Systems Security Software market forecast and analysis - By Services
10.3.2.5 Europe Industrial Control Systems Security Software market forecast and analysis - By End-User Verticals
10.4 Asia pacific (APAC)
10.4.1 Asia Pacific Industrial Control Systems Security Software Market overview
10.4.2 Asia Pacific Industrial Control Systems Security Software Market forecast and analysis
10.4.2.1 Asia Pacific Industrial Control Systems Security Software market forecast and analysis - By Countries
10.4.2.1.1 China market
10.4.2.1.2 India market
10.4.2.1.3 Japan market
10.4.2.1.4 Australia market
10.4.2.1.5 Rest of Asia market
10.4.2.2 Asia Pacific Industrial Control Systems Security Software market forecast and analysis - By Software Types
10.4.2.3 Asia Pacific Industrial Control Systems Security Software market forecast and analysis - By Solutions
10.4.2.4 Asia Pacific Industrial Control Systems Security Software market forecast and analysis - By Services
10.4.2.5 Asia Pacific Industrial Control Systems Security Software market forecast and analysis - By End-User Verticals
10.5 Middle East & Africa (MEA)
10.5.1 Middle East & Africa Industrial Control Systems Security Software Market overview
10.5.2 Middle East & Africa Industrial Control Systems Security Software Market forecast and analysis
10.5.2.1 Middle East & Africa Industrial Control Systems Security Software market forecast and analysis - By Countries
10.5.2.1.1 South Africa
10.5.2.1.2 Saudi Arabia market
10.5.2.1.3 UAE market
10.5.2.1.4 Rest of Middle East & Africa market
10.5.2.2 Middle East & Africa Industrial Control Systems Security Software market forecast and analysis - By Software Types
10.5.2.3 Middle East & Africa Industrial Control Systems Security Software market forecast and analysis - By Solutions
10.5.2.4 Middle East & Africa Industrial Control Systems Security Software market forecast and analysis - By Services
10.5.2.5 Middle East & Africa Industrial Control Systems Security Software market forecast and analysis - By End-User Verticals
10.6 South America (SAM)
10.6.1 South America Industrial Control Systems Security Software Market overview
10.6.2 South America Industrial Control Systems Security Software Market forecast and analysis
10.6.2.1 South America Industrial Control Systems Security Software market forecast and analysis - By Countries
10.6.2.1.1 Brazil market
10.6.2.2 South America Industrial Control Systems Security Software market forecast and analysis - By Software Types
10.6.2.3 South America Industrial Control Systems Security Software market forecast and analysis - By Solutions
10.6.2.4 South America Industrial Control Systems Security Software market forecast and analysis - By Services
10.6.2.5 South America Industrial Control Systems Security Software market forecast and analysis - By End-User Verticals
11 Industrial Control Systems Security Software, Industry Landscape
11.1 Mergers and Acquisitions
11.2 Market Initiatives
11.3 New Development
11.4 Investment Scenario
12 Industrial Control Systems Security Software Market, Key Company Profiles
12.1 Cisco Systems, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 FireEye, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 IBM
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Kaspersky Lab
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 McAfee
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 PAS, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Tofino Security
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Symantec
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Waterfall Security
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer
Companies List
- Cisco Systems Inc.
- FireEye Inc.
- Honeywell International Inc.
- IBM
- Kaspersky Lab
- McAfee
- PAS Inc.
- Tofino Security
- Symantec
- Waterfall Security
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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