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

The Industrial Control Systems Security Market is expected to reach USD 30,193.5 million by 2030 from an estimated USD 15,377.9 million in 2023, 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 restrains the growth of this market. The increasing adoption of Industry 4.0 and smart manufacturing technologies and the growing demand for robotic process automation systems are expected to create growth opportunities for the players operating in this market.

However, the lack of trained IT-OT professionals in the field of cybersecurity is a major challenge for market growth. Additionally, the integration of artificial intelligence in ICS security and the use of 5G technology in ICS security are prominent trends in this market.

Check Point Software Technologies Ltd.

Founded in 1993 and headquartered in Tel Aviv, Israel, Check Point is a leading provider of cybersecurity solutions. The company specializes in providing network, endpoint, and data security solutions. It also offers a multilevel security architecture called Infinity Total Protection with Gen V advanced threat prevention. This combined product architecture defends an enterprise’s cloud, network, and connected devices.

Check Point operates in the market through three business segments, namely, Products and Licenses, Security Subscriptions, and Software Updates and Maintenance. The company's security portfolio comprises endpoint protection, data loss prevention, advanced threat prevention, and security compliance. The ICS security solution of the company minimizes risk exposure across IT and OT environments and helps block attacks before they reach critical assets.

The company has a geographical presence across the Americas, Europe, the Middle East & Africa, and Asia-Pacific through its subsidiaries and a strong distribution network. Some of its subsidiaries are Check Point Software Technologies, Inc. (U.S.), Check Point Web Applications and API Protection Ltd. (Israel), Check Point Advanced Threat Prevention Ltd. (Israel), Spectral Cyber Technologies. Inc. (U.S.), and Avanan, Inc. (Israel). As of 2021, the company had a headcount of 2,626 employees across the world.

IBM Corporation

Founded in 1911 and headquartered in New York, U.S., IBM Corporation is a technology company that manufactures and sells computer hardware, middleware, and software. The company provides solutions for cloud computing, artificial intelligence, IoT, IT infrastructure, mobile, digital workplace, and cyber-security. It operates in the market through four business segments, namely, Software, Consulting, Infrastructure, and Financing.

IBM provides improved performance and data security, 5G and edge computing solutions to enhance digital experiences and enable continuous operations across 5G-enabled networks. The company provides security solutions, including identity and access management, data security, application security, network security and endpoint security. These solutions include pervasive encryption, threat intelligence, analytics, cognitive and artificial intelligence and help to collect insights about attacks, threats, and vulnerabilities.

With its subsidiaries and strong distribution network, the company has a presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are Red Hat, Inc. (U.S.), Sentaca (Canada), and BigFix, Inc. (U.S.). As of 2021, the company had a headcount of 282,100 employees across the world.

Palo Alto Networks, Inc.

Founded in 2005 and headquartered in California, U.S., Palo Alto Networks is the global cybersecurity leader that delivers innovation to enable secure digital transformation. The company offers zero-trust network security, cloud security, SASE, security analytics & automation, threat intelligence, and security consulting services. It also operates in the market through two business segments, namely, Product and Subscription and Support.

In addition, the company provides cybersecurity and IoT strategies to detect, prevent, and resolve IoT security risks. Palo Alto’s IoT security framework includes end-to-end visibility solutions through vulnerability management, asset management, EDR, ZTNA, and NAC. Also, the ICS security solution of the company helps to detect unmanaged devices, protect critical assets, and enable a privileged access control model in the control networks.

With its subsidiaries and strong distribution network, the company has a presence across the Americas, EMEA, and APAC. Some of its subsidiaries are Zingbox Inc. (U.S.), RedLock LLC (U.S.), Aporeto, Inc. (U.S.), and Palo Alto Networks (Germany) GmbH (U.S.). As of 2021, the company had a headcount of 12,561 employees across the world.

Cisco Systems, Inc.

Founded in 1984 and headquartered in California, U.S., Cisco Systems, Inc. is one the leading networking companies that offer a broad range of technologies that power the internet. The organization manufactures, develops, and sells networking technologies as hardware and software. The company operates in the market through two business segments, namely, Product and Service.

Cisco provides platforms for networking, security, collaboration, applications, and the cloud. These platforms help organizations assess risks, detect hardware & software vulnerabilities, and manage issues related to ICS/ OT security industry. The company serves its ICS security solutions in various industries, including manufacturing, oil and gas, power utilities, water utilities, port and terminal, and transportation.

The company has a geographical presence across the Americas, EMEA, and APJC through its subsidiaries and a strong distribution network. Some of its subsidiaries are Duo Security LLC (U.S.), Kenna Security LLC (U.S.), and Acacia Communications (Germany) GmbH. As of 2021, the company had a headcount of 83,300 across the world.

Fortinet, Inc.

Founded in 2000 and headquartered in California, U.S., Fortinet, Inc. is a leading provider of network security appliances. The company offers cybersecurity solutions, including firewalls, antivirus software, intrusion prevention system, and endpoint security application. Fortinet operates in the market through two business segments, namely, Product and Service.

Fortinet’s solutions protect the entire digital attack surface, offer fast and efficient operations, and reduce management complexity in the industrial sector. The company's ICS security solution helps protect the OT environments in critical infrastructure sectors, including energy, defense, manufacturing, food, and transportation. The company mainly focuses on helping industries accelerate security, maximize productivity, preserve user experience, and lower the total cost of ownership.

The company has a geographical presence across the Americas, EMEA, and APAC through its subsidiaries and a strong distribution network. Some of its subsidiaries are Fortinet Information Technology (Beijing) Co., Ltd. (China), Fortinet GmbH (Germany), Fortinet Security Spain S.L. (Spain), CyberSponse, Inc. (U.S.), and enSilo, Inc. (U.S.). As of 2021, the company had a headcount of 10,195 employees across the world.

Juniper Networks, Inc.

Founded in 1996 and headquartered in California, U.S., Juniper Networks, Inc. is a networking company that provides networking and security solutions. The company designs, develops, and sells products for high-performance networks. Juniper manufactures and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology. These solutions help deliver industry-leading insight, automation, security, and AI capabilities to drive real business results.

Juniper operates in the market through four business segments, namely, Automated WAN Solutions, Cloud-Ready Data Center, AI-driven Enterprise, and Hardware Maintenance and Professional Services. It mainly focuses on creating innovative products and solutions to achieve the growing demands of the customers.

With its subsidiaries and strong distribution network, the company has a presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries include Juniper Networks International B.V. (Netherlands) and Juniper Networks (U.S.), Inc. As of 2022, the company had a headcount of 2,017 across the world.

ABB Ltd

Founded in 1988 and headquartered in Zurich, Switzerland, Asea Brown Boveri (ABB) is a pioneering technology leader that works closely with utility, industry, transportation, and infrastructure customers. The company offers robotics, power, heavy electrical equipment, and automation technology solutions. It operates in the market through four business segments, namely, Electrification, Motion, Process Automation, and Robotics & Discrete Automation.

The Process Automation segment provides a wide range of products, digital solutions, and services such as remote monitoring, preventive maintenance, asset performance management, emission monitoring and cybersecurity services. Its wide range of ICS security portfolio includes Network Manager SCADA/Distribution Management Systems (DMS), SCADA/Energy Management Systems (EMS), SCADA/Generation Management Systems (GMS), and ABB Control Systems. Further, ABB’s security solution helps identify and address cyber threats before they attack business operations.

With its subsidiaries and a strong distribution network, the company has a presence across Europe, the Americas, Asia, and the Middle East & Africa. Some of its subsidiaries are ABB Information Systems Ltd., Zurich (Switzerland), B&R Industrial Automation GmbH (Austria), ABB Holdings Limited (U.K.), ABB Holdings Inc. (U.S.), and ABB Ltd (Japan). As of 2021, the company had a headcount of 104,400 across the world.

Honeywell International, Inc.

Founded in 1906 and headquartered in North Carolina, U.S., Honeywell is a technology and manufacturing company. The company operates in the market through four business segments, namely, Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Honeywell’s solutions help organizations to improve efficiency, productivity, sustainability, and protection from incoming security threats. These solutions focus on improving the efficiency of products and processes. The company serves various industries such as healthcare, aerospace, building & cities, chemicals & materials, industrial & manufacturing, retail, safety, and supply chain industries.

With its subsidiaries and strong distribution network, the company has a presence across the United States, Europe, and other countries. Some of its subsidiaries include Elster Group GmbH (Germany), Honeywell Automation Control Solutions (China) Co Ltd, Honeywell Control Systems Limited (U.K.)., and Intelligrated Systems, Inc. (U.S.). As of 2022, the company had a headcount of 97,000 employees across the world.

AO Kaspersky Lab

Founded in 1997 and headquartered in Moscow, Russia, AO Kaspersky Lab is a cybersecurity company that offers security software to protect against viruses, spyware, crimeware, and cyber threats. The company develops products and services such as antivirus, internet security, password management, endpoint security, and other cybersecurity products.

Kaspersky is one of the leading players in providing security solutions for endpoint users. These products provide effective digital security and threat management systems for consumers, SMBs and enterprises. The company serves various industries, including healthcare, national security, financial services, transportation, retail, and the industrial sector. The company has a geographical presence across the U.S., EMEA, and APAC.

Trend Micro Incorporated

Founded in 1988 and headquartered in Tokyo, Japan, Trend Micro Incorporated is a security software company that offers enterprise security software for servers, containers, & cloud computing environments, networks, and end points for enterprises. Its cloud and virtualization security products provide automated security for industrial use, and its security platform delivers a wide range of advanced threat defense techniques optimized for industrial environments and central visibility for faster detection and response.

These products help organizations to protect themselves from cyber threats and secure their connected devices. Further, it also offers solutions to various industries, including healthcare, manufacturing, oil & gas, knowledge hub, and electric utility.

The company has a geographical presence across Japan, America, Europe, and Asia-Pacific through its subsidiaries and a strong distribution network. Some of its subsidiaries are IMMUN.IO Inc. (Canada), Trend Micro (China) Co., Ltd., TippingPoint (U.S.), and Third Brigade, Inc. (Canada).