Increasing concern over security breaches is a key factor driving industrial control systems security market revenue growth
VANCOUVER, BC, CANADA, April 4, 2022 /EINPresswire.com/ —
The Industrial Control Systems Security Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Industrial Control Systems Security market. The report offers in-depth research and assessment of the key elements of the global Industrial Control Systems Security market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Industrial Control Systems Security market.
The Industrial Control Systems Security Market is forecasted to be worth USD 25.12 Billion by 2027, according to a current analysis by Emergen Research. The industrial control system security market is expected to grow substantially over the forecast period owing to the rising cyber threats like Night Dragon Operation and Stuxnet in various industries. The growing smart grid implementations, cloud technology for essential infrastructure security, and increasing corporate investment on industrial control systems are expected to further boost the market growth.
The lack of awareness of industrial control systems among several organizations and the complexities of implementing and updating industrial control systems are anticipated to restrain the market growth over the forecast period.
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The Global Industrial Control Systems Security Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
The report offers insightful information about the market dynamics of the Industrial Control Systems Security market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Industrial Control Systems Security market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Industrial Control Systems Security market.
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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Key participants include BAE Systems plc, Cisco Systems, Inc., Honeywell International Inc., Claroty Ltd., CyberArk, Airbus SE, Palo Alto Networks, Inc., Sophos Group plc, ABB Inc., and Indegy Ltd. among others.
Key Highlights From The Report
In October 2019, In order to enhance industrial control systems security to prevent cyber-attack, ABB Inc. had collaborated with IT firms like Microsoft, Check Point Software, Israel-SCADAfence, and Fortinet. With this collaboration, ABB Inc. will enhance the quality of its systems shortly.
Owing to significant benefits such as enhanced security controls, improved cybersecurity, vulnerability prevention, enhanced monitoring, quick and simple implementation, effective integration with networks, the endpoint security segment held the largest market with a share of 32.7% in 2019 in the industrial control systems security market.
The consultancy and integration segment is anticipated to dominate the market over the forecast period owing to benefits such as improved efficiency, centralized, safe storage, easy operation, time and cost-efficiency, real-time connectivity, and transparency.
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Emergen Research has segmented the global Industrial Control Systems Security Market on the basis of security type, service, solution, end-use, and region:
Security Type Outlook (Revenue, USD Billion; 2017-2027)
Service Outlook (Revenue, USD Billion; 2017-2027)
Incident Response Services
Support and Maintenance
Managed Security Services
Consultation and Integration
Training and Development
Solution Outlook (Revenue, USD Billion; 2017-2027)
Identity & Access Management
Distributed Denial of Service Solution
Unified Threat Management
Security Information and Event Management
Intrusion Detection & Prevention
Data Loss Prevention
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Power & Energy
Oil & Gas
Regional Outlook (Revenue, USD Billion; 2017-2027)
Rest of Europe
Rest of APAC
Rest of LATAM
Rest of MEA
Radical Highlights of the Industrial Control Systems Security Market Report:
Comprehensive overview of the Industrial Control Systems Security market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Industrial Control Systems Security market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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