HOME Research Insight ICS Security: Power, Energy and Utilities are the Largest Verticals for ICS Security Market

ICS Security: Power, Energy and Utilities are the Largest Verticals for ICS Security Market

Industrial Control Systems (ICS) Security Market report focuses on the protective measures and solutions that need to be taken to protect the power, energy, transportation and utility resources

ICS Security has been gaining importance due to increased cyber attacks across energy sector. It was proven in 2010 that the energy and utility industry remained the primary target for cyber attacks, with an estimated share of 40% of the overall cyber attacks. Control systems such as SCADA and Distributed Control Systems (DCS) have substantial amount of control over processing, storing and transmitting of data over a Local Area Network (LAN) network. Most of the legacy control systems have multiple access points in the LAN and a single source firewall as the sole security for perimeter defence. Many key assets and critical infrastructure companies operating globally face the need to proactively protect their assets on the network security front. They need to design an ICS network security plan to access risks and vulnerabilities in its network and SCADA systems.

Along with this there is a lot of pressure from the governments to secure the infrastructures and facilities by implementing strict regulatory policies and security compliances. Increasing need for energy in developing markets demand an increase in production and distribution infrastructure. Nations giving more importance to protect the existing power, utility and energy infrastructure have radically given a boost to the ICS security market. 

It has been forecasted that by 2013, the Asia Pacific market will project the largest market opportunity for ICS security market, at an estimated market share of 26.12% of the overall market. North America and Europe together are estimated to account for 62.47% of the global market in 2013. MarketsandMarkets’ report on the “ICS Security Market: Global Advancements, Adoption Roadmaps, Forecasts and Analysis (2013 – 2018)” is now for sale.

According to the announcements of findings, the global ICS security market is estimated to be $7.02 billion in 2013 and expected to grow to $10.33 billion in 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 8.0% from 2013 to 2018. In the current scenario, the power, energy and utilities ICS security continues to be the largest segment, in terms of spending and adoption, for ICS security solutions. This is followed by commercial buildings, communications and manufacturing industry ICS security solutions. In terms of regions, North America is expected to be the biggest market on the basis spending and adoption for ICS security solutions.

Related Reports:

Industrial Control Systems (ICS) Security Market [DDOS, IDS/IPS, Firewall, SIEM, SCADA Encryption, UTM, Application Whitelisting, DLP, Database Activity Monitoring; Professional Services] - Global Advancements, Market Forecast & Analysis (2013 - 2018)

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