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Redding, California - April 10, 2023

Industrial Control Systems Security Market to be Worth $30.2 Billion by 2030

Industrial Control Systems Security Market by Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), End-use Industry (Energy & Utilities, FMCG)—Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Industrial Control Systems Security Market by Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), End-use Industry (Energy & Utilities, FMCG) - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the industrial control systems security market is projected to reach $30.2 billion by 2030, at a CAGR of 10.1% during the forecast period.The growth of the industrial control systems security market is driven by the consistent rise in the adoption of cloud-based services, government initiatives and regulations supporting the adoption of ICS security solutions, and the increasing automation in manufacturing industries. However, the high capital expenditure required for ICS security deployment may restrain the market's growth.

The increasing adoption of Industry 4.0 and smart manufacturing technologies and the growing demand for robotic process automation systems are expected to offer significant growth opportunities for the Industrial control systems security market. However, the lack of trained IT-OT professionals in the field of cybersecurity may hinder the growth of this market. Furthermore, integrating artificial intelligence in ICS security and using 5G technology in ICS security are major trends in the Industrial control systems security market.

Meticulous Research^® has segmented this market based on offering, security type, organization size, application, end-use industry, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, in 2023, the services segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the rising demand for cybersecurity services in the industrial sector and the growing need to improve business processes by protecting networks against unauthorized access and securing device connectivity.

Based on security type, in 2023, the network security segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the rising adoption of network services, growing data security & privacy concerns, and the increasing demand for network security software solutions due to the growth in malware attacks.

Based on organization size, in 2023, the large enterprises segment is expected to account for the larger share of the industrial control systems security market. The large enterprises segment is expected to continue its dominance in the industrial control systems security market in the coming years due to the strong IT-OT infrastructure of large enterprises and the availability of skilled IT-OT personnel to manage ICS security platforms. Furthermore, large enterprises have a stable financial backup, which allows them to easily procure customized ICS security solutions.

Based on application, in 2023, the identity & access management segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the rapid increase in industrial control systems in the manufacturing sector and the growing demand for IAM solutions due to rising security concerns in the industrial sector.

Based on end-use industry, in 2023, the energy & utilities management segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the proliferation of connected devices and the increasing incorporation of advanced technologies in the energy & utilities sector.

Based on geography, in 2023, North America is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to increasing government initiatives, rising cyberattacks in the industrial sector, and growing advanced technologies in the region.

Key Players:

The key players operating in the Industrial control systems security market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), ABB Ltd (Switzerland), Honeywell International, Inc. (U.S.), Schneider Electric SE (France), BAE Systems plc (U.K.), Applied Risk (Netherlands), Verve Industrial Protection (U.S.), CrowdStrike Holdings, Inc. (U.S.), Sophos Ltd. (U.K.), Claroty Ltd. (U.S.), Imperva, Inc. (U.S.), Trend Micro Incorporated (Japan), Darktrace Holdings Limited. (U.K.), Cyberbit Ltd (Israel), AO Kaspersky Lab (Russia), Radiflow LTD (Israel), Positive Technologies (Russia), and Airbus SE (Netherlands).

Download Sample Copy Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5339

Key questions answered in the report-

Which are the high-growth market segments in terms of offering, security type, organization size, application, end-use industry, and geography?
What is the historical market for industrial control systems security across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, and opportunities in the industrial control systems security market?
Which are the major players in the industrial control systems security market, and what market share do they hold?
How is the competitive landscape?
What are the recent developments in the industrial control systems security market?
What are the different strategies adopted by the major players in this market?
What are the geographic trends and high-growth countries?
Which are the local emerging players in the industrial control systems security market, and how do they compete with the other players?

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Redding, California - April 10, 2023

Industrial Control Systems Security Market to be Worth $30.2 Billion by 2030

Industrial Control Systems Security Market by Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), End-use Industry (Energy & Utilities, FMCG)—Global Forecast to 2030

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