Industrial Control Systems Security Market by Solution (Firewall, Antivirus/Anti–Malware, Identity and Access Management, Security Information & Event Management, DDOS, UTM), Service, Security Type, Vertical, and Region - Global Forecast to 2022

The Industrial control systems security market size is expected to grow from USD 10.24 Billion in 2017 to USD 13.88 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 6.3%. The exponential rise in cyber-attacks and network security threats, huge investments in smart technologies, and support from government organizations for ICS security are some of the factors fueling the growth of the Industrial control systems security market across the globe. The base year considered for this study is 2016 and the forecast period considered is 2017–2022.

Objectives of the Study:

• To define, describe, and forecast the global ICS security by solution, service, security type, vertical, and region
• To provide detailed information regarding the major factors influencing the growth of the Industrial control systems security market (drivers, restraints, opportunities, and challenges)
• To forecast the market size and growth rate of market segments with respect to the five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To analyze the opportunities in the market for stakeholders and provide company profiles of the key market players to comprehensively analyze the core competencies and draw a competitive landscape for the market
• To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and research and development activities in the market 

The research methodology used to estimate and forecast the Industrial control systems security market begins with the capturing of data on the revenues of the key vendors through secondary sources, such as annual reports, press releases, associations such as IEEE Cybersecurity Community, Information Security Research Association (ISRA), and Information Systems Security Association (ISSA), and databases such as Factiva, BusinessWeek, company websites, and news articles. The vendor offerings are also taken into consideration to determine the market segmentations. The bottom-up procedure is employed to arrive at the overall market size of the global market from the revenue of the key market players. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research, by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of the primary profiles is depicted in the figure below:

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The ICS security ecosystem comprises various ICS solution and service providers, such as ABB Ltd. (Zurich, Switzerland), AO Kaspersky Lab (Moscow, Russia), BAE Systems, Inc. (Farnborough, UK), Bayshore Networks (Maryland, US), Belden Inc. (Missouri, US), Carbon Black, Inc. (Massachusetts, US), Check Point Software Technologies Ltd. ( Tel Aviv, Israel), Cisco Systems, Inc. (California, US), Claroty (New York, US), CyberArk Software Ltd. (Massachusetts, US), FirEye, Inc. (California, US), Fortinet, Inc. (California, US), General Electric Company (Massachusetts, US), Honeywell International Inc. (New Jersey, US), IBM Corporation (New York, US), Indegy (New York City, US), McAfee LLC (California, US), Nozomi Networks (California, US), Raytheon Company (Massachusetts, US), Rockwell Automation, Inc. (Wisconsin, US), Schneider Electrics (Rueil-Malmaison, France), SecurityMatters (Virginia, US), Siemens AG (Munich, Germany), Symantec Corporation (California, US), and Trend Micro (Tokyo, Japan). Other stakeholders of the Industrial control systems security market include cybersecurity vendors, networking solution providers, research organizations, software vendors, system integrators, cloud providers, suppliers, distributors, and contractors, Value-Added Resellers (VARs), service providers and distributors, IT security agencies, and investors and venture capitalists.

Key Target Audience

• Security solution vendors
• Security service providers
• System integrators
• Consulting firms
• Research organizations
• Resellers and distributors
• Technology partners

 “The research study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2 to 5 years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the Industrial control systems security market to forecast revenues and analyze trends in each of the following submarkets:

By Solution

• Distributed Denial of Service (DDoS)
• Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
• Antivirus/anti-malware
• Firewall
• Virtualization security
• Security Information and Event Management (SIEM)
• SCADA encryption
• Unified Threat Management (UTM)
• Data Loss Prevention (DLP)
• Identity and Access Management (IAM)
• Others (application whitelisting, update and patch management, and database active monitoring)

By Service

• Design, integration, and consulting
• Risk management services
• Audit and reporting
• Managed services

By Security Type

• Network security
• Endpoint security
• Application security
• Database security

By Vertical

• Power
  • Nuclear power plants
  • Thermal and hydro power plants
  • Renewable energy power plants
  • Power grid
• Energy and utilities
  • Oil and gas pipelines
  • Electric power transmission
  • Water treatment and distribution
  • Wastewater collection and treatment
• Transportation systems
  • Airports
  • Seaports
  • Railways
  • Others
• Chemical and manufacturing
  • Automated production units
  • Refining plants
  • Mining units
• Others
  • Commercial buildings
  • Communication systems
  • Healthcare
  • Others (remote surveillance and weather forecasting systems, emergency response systems)

By Region

• North America
• Europe
• MEA
• APAC
• Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Geographic Analysis

• Further breakdown of the APAC market into countries contributing 75% of the regional market size
• Further breakdown of the North American market into countries contributing 75% of the regional market size
• Further breakdown of the Latin American market into countries contributing 75% of the regional market size
• Further breakdown of the MEA market into countries contributing 75% of the regional market size
• Further breakdown of the European market into countries contributing 75% of the regional market size

Company Information

Detailed analysis and profiling of additional market players (Up to 5).

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions
    2.5 Research Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Industrial Control Systems Security Market
    4.2 Market Share of Top 3 Solutions and Regions, 2017
    4.3 Life Cycle Analysis, By Region
    4.4 Market Investment Scenario
    4.5 Market Top 3 Largest Verticals

5 Market Overview and Industry Trends (Page No. - 33)
    5.1 Types of Threats to Industrial Control Systems
           5.1.1 Distributed Denial of Service Attacks
           5.1.2 Social Engineering and Phishing
           5.1.3 Malware Infection Via Internet and Intranet
           5.1.4 Intrusion Via Remote Access
           5.1.5 Intrusion of Malware Through Removable Media and External Hardware
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Exponential Rise in Cyber-Attacks and Network Security Threats
                    5.2.1.2 Huge Investments in Smart Technologies
                    5.2.1.3 Support From Government Organizations for Ics Security
           5.2.2 Restraints
                    5.2.2.1 High Cost of Innovation and Budget Constraints
                    5.2.2.2 Presence of Legacy Ics That are More Prone to Cyber Threats
           5.2.3 Opportunities
                    5.2.3.1 Advent of Iiot
                    5.2.3.2 Cloud Computing for Ics Protection
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness About Ics Security

6 Industrial Control Systems Security Market Analysis, By Solution (Page No. - 39)
    6.1 Introduction
    6.2 Distributed Denial of Service
    6.3 Intrusion Detection System/Intrusion Prevention System
    6.4 Antivirus/Anti-Malware
    6.5 Firewall
    6.6 Virtualization Security
    6.7 Security Information and Event Management
    6.8 Scada Encryption
    6.9 Unified Threat Management
    6.10 Data Loss Prevention
    6.11 Identity and Access Management
    6.12 Others

7 Industrial Control Systems Security Market Analysis, By Service (Page No. - 53)
    7.1 Introduction
    7.2 Risk Management Services
    7.3 Design, Integration, and Consulting
    7.4 Managed Services
    7.5 Audit and Reporting

8 Industrial Control Systems Security Market Analysis, By Security Type (Page No. - 59)
    8.1 Introduction
    8.2 Network Security
    8.3 Endpoint Security
    8.4 Application Security
    8.5 Database Security

9 Industrial Control Systems Security Market Analysis, By Vertical (Page No. - 65)
    9.1 Introduction
    9.2 Power
           9.2.1 Nuclear Power Plants
           9.2.2 Thermal and Hydro Plants
           9.2.3 Renewable Energy Power Plants
           9.2.4 Power Grid
    9.3 Energy and Utilities
           9.3.1 Oil and Gas Pipelines
           9.3.2 Electric Power Transmission
           9.3.3 Water Treatment and Distribution
           9.3.4 Wastewater Collection and Treatment
    9.4 Transportation Systems
           9.4.1 Airports
           9.4.2 Seaports
           9.4.3 Railways
           9.4.4 Others
    9.5 Chemical and Manufacturing
           9.5.1 Automated Production Units
           9.5.2 Refining Plants
           9.5.3 Mining Units
    9.6 Others
           9.6.1 Commercial Buildings
           9.6.2 Communication Systems
           9.6.3 Healthcare
           9.6.4 Others

10 Geographic Analysis (Page No. - 83)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 109)
     11.1 Microquadrant Overview
             11.1.1 Visionary Leaders
             11.1.2 Innovators
             11.1.3 Dynamic Differentiators
             11.1.4 Emerging Companies
     11.2 Competitive Benchmarking
             11.2.1 Analysis of Product Portfolio of Major Players in the Market
             11.2.2 Business Strategies Adopted By Major Players in the Market

12 Company Profiles (Page No. - 113)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     12.1 ABB
     12.3 Belden
     12.4 Check Point Software Technologies
     12.5 Cisco Systems
     12.6 Fortinet
     12.7 GE
     12.8 Honeywell
     12.9 Mcafee
     12.10 Siemens
     12.11 Indegy
     12.12 Fireeye
     12.13 Carbon Black
     12.14 Securitymatters

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 154)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (96 Tables)

Table 1 Evaluation Criteria
Table 2 Industrial Control Systems Security Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 3 Industrial Control Systems Security Market Size, By Solution, 2015–2022 (USD Million)
Table 4 Distributed Denial of Service: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Intrusion Detection System/Intrusion Prevention System: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Antivirus/Anti-Malware: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Firewall: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Virtualization Security: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Security Information and Event Management: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Scada Encryption: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Unified Threat Management: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Data Loss Prevention: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Identity and Access Management: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Industrial Control Systems Security Market Size, By Service, 2015–2022 (USD Million)
Table 16 Risk Management Services: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Design, Integration, and Consulting: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Managed Services: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Audit and Reporting: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Industrial Control Systems Security Market Size, By Security Type, 2015–2022 (USD Million)
Table 21 Network Security: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Endpoint Security: Market Size, By Region, 2015–2022 (USD Million)
Table 23 Application Security: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Database Security: Market Size, By Region, 2015–2022 (USD Million)
Table 25 Industrial Control Systems Security Market Size, By Vertical, 2015–2022 (USD Million)
Table 26 Power: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Nuclear Power Plants: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Thermal and Hydro Power Plant: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Renewable Energy Power Plants: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Power Grid: Market Size, By Region, 2015–2022 (USD Million)
Table 31 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Oil and Gas Pipelines: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Electric Power Transmission: Market Size, By Region, 2015–2022 (USD Million)
Table 34 Water Treatment and Distribution: Market Size, By Region, 2015–2022 (USD Million)
Table 35 Wastewater Collection and Treatment: Market Size, By Region, 2015–2022 (USD Million)
Table 36 Transportation Systems: Market Size, By Region, 2015–2022 (USD Million)
Table 37 Airports: Market Size, By Region, 2015–2022 (USD Million)
Table 38 Seaports: Market Size, By Region, 2015–2022 (USD Million)
Table 39 Railways: Market Size, By Region, 2015–2022 (USD Million)
Table 40 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 41 Chemical and Manufacturing: Industrial Control Systems Security Market Size, By Region, 2015–2022 (USD Million)
Table 42 Automated Production Units: Market Size, By Region, 2015–2022 (USD Million)
Table 43 Refining Plants: Market Size, By Region, 2015–2022 (USD Million)
Table 44 Mining Units: Market Size, By Region, 2015–2022 (USD Million)
Table 45 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 46 Commercial Buildings: Market Size, By Region, 2015–2022 (USD Million)
Table 47 Communication Systems: Market Size, By Region, 2015–2022 (USD Million)
Table 48 Healthcare: Market Size, By Region, 2015–2022 (USD Million)
Table 49 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 50 Industrial Control Systems Security Market Size, By Region, 2015–2022 (USD Million)
Table 51 North America: Market Size, By Solution, 2015–2022 (USD Million)
Table 52 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 53 North America: Market Size, By Security Type, 2015–2022 (USD Million)
Table 54 North America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 55 North America: Market Size, By Power Vertical, 2015–2022 (USD Million)
Table 56 North America: Market Size, By Energy and Utilities Vertical, 2015–2022 (USD Million)
Table 57 North America: Market Size, By Transportation Systems Vertical, 2015–2022 (USD Million)
Table 58 North America: Market Size, By Chemical and Manufacturing Vertical, 2015–2022 (USD Million)
Table 59 North America: Market Size, By Others Vertical, 2015–2022 (USD Million)
Table 60 Europe: Industrial Control Systems Security Market Size, By Solution, 2015–2022 (USD Million)
Table 61 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 62 Europe: Market Size, By Security Type, 2015–2022 (USD Million)
Table 63 Europe: Market Size, By Vertical, 2015–2022 (USD Million)
Table 64 Europe: Market Size, By Power Vertical, 2015–2022 (USD Million)
Table 65 Europe: Market Size, By Energy and Utilities Vertical, 2015–2022 (USD Million)
Table 66 Europe: Market Size, By Transportation Systems Vertical, 2015–2022 (USD Million)
Table 67 Europe: Market Size, By Chemical and Manufacturing Vertical, 2015–2022 (USD Million)
Table 68 Europe: Market Size, By Others Vertical, 2015–2022 (USD Million)
Table 69 Asia Pacific: Industrial Control Systems Security Market Size, By Solution, 2015–2022 (USD Million)
Table 70 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 71 Asia Pacific: Market Size, By Security Type, 2015–2022 (USD Million)
Table 72 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Million)
Table 73 Asia Pacific: Market Size, By Power Vertical, 2015–2022 (USD Million)
Table 74 Asia Pacific: Market Size, By Energy and Utilities Vertical, 2015–2022 (USD Million)
Table 75 Asia Pacific: Market Size, By Transportation Systems Vertical, 2015–2022 (USD Million)
Table 76 Asia Pacific: Market Size, By Chemical and Manufacturing Vertical, 2015–2022 (USD Million)
Table 77 Asia Pacific: Market Size, By Others Vertical, 2015–2022 (USD Million)
Table 78 Middle East and Africa: Industrial Control Systems Security Market Size, By Solution, 2015–2022 (USD Million)
Table 79 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 80 Middle East and Africa: Market Size, By Security Type, 2015–2022 (USD Million)
Table 81 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 82 Middle East and Africa: Market Size, By Power Vertical, 2015–2022 (USD Million)
Table 83 Middle East and Africa: Market Size, By Energy and Utilities Vertical, 2015–2022 (USD Million)
Table 84 Middle East and Africa: Market Size, By Transportation Systems Vertical, 2015–2022 (USD Million)
Table 85 Middle East and Africa: Market Size, By Chemical and Manufacturing Vertical, 2015–2022 (USD Million)
Table 86 Middle East and Africa: Market Size, By Others Vertical, 2015–2022 (USD Million)
Table 87 Latin America: Market Size, By Solution, 2015–2022 (USD Million)
Table 88 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 89 Latin America: Market Size, By Security Type, 2015–2022 (USD Million)
Table 90 Latin America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 91 Latin America: Market Size, By Power Vertical, 2015–2022 (USD Million)
Table 92 Latin America: Market Size, By Energy and Utilities Vertical, 2015–2022 (USD Million)
Table 93 Latin America: Market Size, By Transportation Systems Vertical, 2015–2022 (USD Million)
Table 94 Latin America: Market Size, By Chemical and Manufacturing Vertical, 2015–2022 (USD Million)
Table 95 Latin America: Market Size, By Others Vertical, 2015–2022 (USD Million)
Table 96 Industrial Control Systems Security Market: Ranking Analysis

List of Figures (34 Figures)

Figure 1 Industrial Control Systems Security Market Segmentation
Figure 2 Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Solutions Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 8 Identity and Access Management Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Risk Management Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 North America is Estimated to Hold the Largest Market Share in 2017
Figure 11 Top 3 Revenue Segments of the Industrial Control Systems Security Market
Figure 12 Need to Protect Critical Infrastructures From Cyber-Attacks is Expected to Boost the Market
Figure 13 Firewall Solution and North American Region are Expected to Have the Largest Market Shares in 2017
Figure 14 The Industrial Control Systems Security Market is Expected to Have Immense Growth Opportunities in Middle East and Africa
Figure 15 Middle East and Africa is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 16 Power Vertical is Estimated to Have the Largest Market Size in 2017
Figure 17 Industrial Control Systems Security Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Identity and Access Management Solution Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 19 Risk Management Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Network Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Transportation Systems Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Middle East and Africa is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America: Industrial Control Systems Security Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Industrial Control Systems Security Market: Global Competitive Leadership Mapping, 2017
Figure 26 ABB: Company Snapshot
Figure 27 Belden: Company Snapshot
Figure 28 Check Point Software Technologies: Company Snapshot
Figure 29 Cisco Systems: Company Snapshot
Figure 30 Fortinet: Company Snapshot
Figure 31 GE: Company Snapshot
Figure 32 Honeywell: Company Snapshot
Figure 33 Siemens: Company Snapshot
Figure 34 Fireeye: Company Snapshot

The Industrial control systems security market is expected to grow from USD 10.24 Billion in 2017 to USD 13.88 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 6.3%. The exponential rise in cyber-attacks and network security threats, huge investments in smart technologies, and support from government organizations for ICS security have led to the increased demand for ICS security solutions.

The Industrial control systems security market has been segmented based on solutions, services, security types, verticals, and regions. The Identity and Access Management (IAM) segment in solutions is expected to grow at the highest CAGR during the forecast period, while the firewall is projected to have the largest market size in 2017, in the ICS security market. IAM decreases the risk of malicious people gaining unauthorized access to critical infrastructure components and interfering with their operation, thereby lowering overall business risk. Firewall, on the other hand, remains a dominant solution throughout the forecast period due to the evolution of next generation firewall with capabilities such as integrated network intrusion prevention, application awareness, and deep packet inspection.

Risk management services are expected to grow at the highest CAGR during the forecast period in the services segment since they provide a risk management framework of integrated security solutions that help minimize risks, cyber threats, manage security operations, and help to protect critical infrastructure. Managed services are estimated to have the largest market size in 2017 due to the strong focus of enterprises on reducing operational costs, increasing efficiency, and delivering quality service.

The network security segment is expected to grow at the highest CAGR in the Industrial control systems security market during the forecast period, as the data transmission is done through WANs, LANs, and internet. Thus, appropriate security protocols must be deployed to protect systems from vulnerabilities, including worms, viruses, and other malware. Endpoint security is expected to dominate the market during the forecast period as these solutions secure the endpoints by providing continuous real-time threat detection, prevention, and response.

The transportation systems sector is expected to grow at the highest rate in the Industrial control systems security market, whereas the power sector is expected to have the largest market size during the forecast period. The reasons for the largest market size of ICS security solutions in the power vertical include never-ending demand for power generation, transmission, distribution, and large numbers of smart grid rollouts across the world, along with the evolution of cyber-attacks.

North America is expected to have the largest market share in 2017, whereas the Asia Pacific (APAC) region is expected to surpass North America in 2022 in terms of market size. This is mainly because of the widespread presence of SMEs in the APAC region that are providing growth opportunities for the vendors operating in the Industrial control systems security market across the manufacturing, transportation, and energy industry. The Middle East and Africa (MEA) region is expected to grow at the highest CAGR from 2017 to 2022, in the ICS security market due to the increased advancements in industrial automation in this region and the mandated compliance with certain government regulations to resolve security issues.

The adoption of ICS security is increasing in the Industrial control systems security market owing to the exponential rise in the number of cyber-attacks. However, budget constraints and the presence of legacy ICS that are more prone to cyber-attacks are acting as barriers to the adoption of ICS security solutions.

The major vendors in the Industrial control systems security market include ABB Ltd. (Zurich, Switzerland), AO Kaspersky Lab (Moscow, Russia), BAE Systems, Inc. (Farnborough, UK), Bayshore Networks (Maryland, US), Belden Inc. (Missouri, US), Carbon Black, Inc. (Massachusetts, US), Check Point Software Technologies Ltd. (Tel Aviv, Israel), Cisco Systems, Inc. (California, US), Claroty (New York, US), CyberArk Software Ltd (Massachusetts, US), FirEye, Inc. (California, US), Fortinet, Inc. (California, US), General Electric Company (Massachusetts, US), Honeywell International Inc. (New Jersey,US), IBM Corporation (New York, US), Indegy (New York City, US), McAfee LLC (California, US), Nozomi Networks (California, US), Raytheon Company (Massachusetts, US), Rockwell Automation, Inc. (Wisconsin, US), Schneider Electrics (Rueil-Malmaison, France), SecurityMatters (Virginia, US), Siemens AG (Munich, Germany), Symantec Corporation (California, US), and Trend Micro (Tokyo, Japan). These players have adopted various strategies such as new product development; mergers and acquisitions; partnerships, agreements, contracts, and collaborations; and business expansions to cater to the Industrial control systems security market.

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