Jan 28, 2021   SOURCE: PR NewsWire

Growing Adoption of Advanced Technologies Fuels Expansion of Industrial Control Systems Security Solutions Market - TMR

ALBANY, N.Y., Jan. 28, 2021 /PRNewswire/ -- Industrial control system refers to a helpful tool that helps in advancing the productivity and quality together with improving the safety of workplaces. Rising trend of building automation, connected machines, and remote control and supervision of conventional machinery and equipment have resulted into increased convenience of access as well as use of these devices across many industries. On the other hand, owing to this high level of connectivity, many organizations are also dealing with severe security issues related to industrial control systems. This factor is generating outstanding demand opportunities in the global industrial control systems security solutions market.

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Analysts from Transparency Market Research are of the opinion that the global industrial control systems security solutions market will expand at promising CAGR of 11.5% during the forecast period 2020-2030. Thus, the market is projected to exceed the valuation of US$ 54.8 Bn by the end of 2030.

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Industrial Control Systems Security Solutions Market: Major Takeaways

    --  The recent COVID-19 pandemic has resulted into work-from-home culture
        across various industrial sectors. As a result, several companies from
        many sectors are experiencing the threat of cyber attack. This scenario
        is creating prodigious demand opportunities in the global industrial
        control systems security solutions market. Many players in this market
        are growing focus toward resolving problems related to unauthorized
        access to networks. Apart from this, they are focused on preventing the
        spread of misinformation related to political agendas.
    --  Many enterprises in the global industrial control systems security
        solutions market are growing efforts to offer filtration and scanning
        services for electronic communications. Main motive behind this effort
        is the prevention of interruption by hackers.

Industrial Control Systems Security Solutions Market: Leading Segments

Explore 252 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Industrial Control Systems Security Solutions Market (Component: Solution [Distributed Denial of Service, Intrusion Detection System/Intrusion Prevention System, Virtualization Security, Security Information & Event Management, SCADA Encryption, Unified Threat Management, Identity & Access Management, and Others] and Services [Training & Consulting, Integration & Implementation, and Support & Maintenance]; Security Type: Network Security, Endpoint Security, Application Security, and Database Security; and End User: Power Plants, Energy & Utilities, Transportation Systems, Manufacturing, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/industrial-control-systems-security-solutions-market.html

Industrial Control Systems Security Solutions Market: Growth Boosters

    --  In recent period, there is remarkable growth in demand for industrial
        control systems in various developing countries including Brazil and
        India. This scenario is projected to work as a key driver for the global
        industrial control systems security solutions market in the assessment
        period 2020-2030.
    --  While India is considered one of the fastest developing countries across
        developing regions, the country is estimated to show high acceptance of
        industrial control systems in the forthcoming years. As a result, the
        Asia Pacific industrial control systems security solutions market is
        expected to experience promising sales avenues in the years to come.
    --  The government bodies of many countries across many regions including
        Middle East and Africa, Asia Pacific, and South America are growing
        efforts to advance various key sectors including oil and gas, energy and
        power, aerospace and defense, and automotive industry. As a result, the
        regional government authorities are increasing financial support for
        many projects across many industries. Thus, the organizations working in
        these projects are accepting industrial control systems to prevent cyber
        attacks. This scenario is projected to help in the outstanding growth of
        the industrial control systems security solutions market in the
        assessment period 2020-2030.

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Industrial Control Systems Security Solutions Market: Well-Established Participants

Some of the key participants in the industrial control systems security solutions market are:

    --  Baker Hughes
    --  ABB Ltd.
    --  General Electric Company
    --  Check Point Software Technologies Ltd.
    --  Broadcom Inc.
    --  Emerson Electric Company
    --  Cisco Systems, Inc.
    --  Forcepoint
    --  Fireeye, Inc.

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