Global ICS Security Market Insights, 2020-2025 - Rising Incidence of Cyber Attacks, Convergence of IT & OT Networks

DUBLIN, March 20, 2020 /PRNewswire/ -- The "Global Industrial Control Systems (ICS) Security Market: Growth, Trends and Forecast (2020-2025)" report has been added to's offering.

The global Industrial Control Systems (ICS) Security market is expected to witness a CAGR of over 12.7% during the forecast period.

The transition to Industry 4.0 is expected to bring many advances in efficiency and productivity as well as many changes in the way the industrial processes work. Factors such as improved efficiency and reduction in production costs, compared to the conventional manufacturing process, are boosting the adoption of automation, which is driving the demand for industrial control systems. However, adoption of ICS solutions brings along the need for security, as there is an exponential rise in cyber attacks and network security threats.

Key Highlights

    --  ICS security systems are deployed to monitor complex industrial
        processes and critical infrastructures to deliver power, water,
        transport, manufacturing, and other essential services. As most of these
        systems are connected to the internet, they are open to vulnerabilities
        like any other connected system. Any significant downtime or
        infiltration of an ICS network may lead to massive outages, thousands of
        impacted users, and even national disaster. Moreover, updates to these
        systems are slow as there is low OTA update capabilities that are
        currently present making these systems more vulnerable to outsider
    --  The majority ofthese systems require little or no authentication or
        encryption for internal access. Hence, insiders generally have unlimited
        access to any device that operates on the network, including SCADA
        applications and other critical components. This makes these systems
        highly vulnerable to insider threats. Systems that have now been
        upgraded and connected to a digital interface can get compromised by
        malware or a USB device. Furthermore, human errors, like incorrect
        configurations, PLC programming errors, or inability to monitor critical
        metrics or alerts, can also compromise the security of the networks.
    --  According to Global ICS & IIoT Risk Report (2019) from Kaspersky, that
        analyzed real-world network traffic data from more than 850 production
        ICS networks globally, majority of the network sites are still exposed
        to the public internet and lack the basic protection (such as updated
        anti-virus), thus enabling the attackers to quietly perform
        reconnaissance before sabotaging physical processes such as assembly
        lines, mixing tanks, and blast furnaces.

Market Trends

Automotive is Expected to Hold a Significant Share

    --  Field devices such as robotics, sensors, etc., and ICS offer
        opportunities to the auto sector to react faster to market requirements,
        reduce manufacturing downtimes, and enhance efficiency, and expand
    --  The automotive industry is among the prominent sectors that hold a
        significant share of the automated manufacturing facilities across the
        world. The production facilities of various automakers are automated to
        maintain efficiency. The rising trend of replacing conventional vehicles
        with electric vehicles (EVs) is expected to further augment the demand
        from the automotive industry. For instance, the projected electric
        vehicle sales in Europe are expected to reach 6.33 million units by
        2025, followed by China with 4.84 million units, according to UBS.
    --  Moreover, automotive companies are the prominent purchasers of robots
        globally. According to the statistics by the Robotic Industries
        Association (RIA), 422,000 units were shipped globally in 2018, which
        witnesses a growth of over 6% from the previous year. Also, the IFR have
        stated that, these number shipments will grow at 12% from 2020 to 2022.

North America is Expected to Hold the Largest Share

    --  The manufacturing sector is a crucial aspect of North America's GDP,
        indicating economic health. In 2018, it contributed USD 2.33 trillion in
        2018 and drove 11.6% of US economic output, according to the Bureau of
        Economic Analysis. The rising cost of labor, along with the pressure on
        manufacturers to meet deadlines, has resulted in increased adoption of
        automation in factories, which in turn, is expected to create a scope
        for ICS security maket.
    --  In Canada, cybercrime is rapidly gaining high traction as the impact is
        increasing at an alarming rate. In response to this, in August 2019,
        Ottawa's cybersecurity action plan was launched, which included USD 10
        million for special projects. The action plan for improving the
        resilience of the federal and critical infrastructure may include USD
        10.3 million, over five years, for special projects created by
        provincial, territorial, and municipal governments, researchers,
        commercial companies, and not for profits.
    --  Additionally, the House Appropriations Committee Homeland Security
        Subcommittee i 2019, increased funding to Industrial Control Systems by
        USD 11.4 million to enhance cybersecurity training, malware analysis,
        safety systems vulnerability analysis, and assessments of ICS in
        emerging sectors and subsectors.

Competitive Landscape

The Industrial Control Systems (ICS) Security market is highly competitive and consists of several major players. Many companies are increasing their market presence by introducing new products, by entering into partnerships or by acquiring companies.

Recent Developments

    --  February 2020 - Darktrace partnered with McLaren for defending against
        Cyberattacks. With this partnership, Darktrace may be the official AI
        cybersecurity partner for McLaren, beginning from the 2020 Formula One
        season. The cybersecurity firm may help through its technical
        integration of its cyber artificial intelligence across the McLaren
        Group, as well as McLaren Racing division, where Darktrace may protect
        the McLaren racing team against cyberattacks.
    --  December 2019 - FireEye Inc. introduced FireEye Cyber Physical Threat
        Intelligence. The new subscription provides context, data, and
        actionable analysis on threats to cyber physical systems, including
        operational technology (OT), industrial control systems (ICS), Internet
        of Things (IoT), and other equipment used to manage interconnected
        physical processes.

Key Topics Covered

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study



4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Incidence of Cyber Attacks
4.3.2 Convergence of IT and OT Networks
4.4 Market Restraints
4.4.1 Complexity in Installing and Upgrading the Security Systems
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5.1 By End-user Industry
5.1.1 Automotive
5.1.2 Chemical & Petrochemical
5.1.3 Power & Utilities
5.1.4 Pharmaceuticals
5.1.5 Food & Beverage
5.1.6 Oil & Gas
5.1.7 Other End-user Industries
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa

6.1 Company Profiles
6.1.1 Darktrace Ltd.
6.1.2 FireEye Inc.
6.1.3 IBM Corporation
6.1.4 Cisco Systems Inc.
6.1.5 Fortinet Inc.
6.1.6 Check Point Software Technologies Ltd.
6.1.7 Honeywell International Inc.
6.1.8 Broadcom Inc. (Symantec Corporation)
6.1.9 AhnLab Inc.
6.1.10 McAfee, LLC (TPG Capital)
6.1.11 Rockwell Automation Inc.



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