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Industrial Control Systems (ICS) Security Market

The control systems security market is forecast to total revenues of US$10Bn by 2018


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2014-01-10 06:49:01 - Industrial Control Systems (ICS) Security Market - a new market research report on companiesandmarkets.com

Analysts expect an increasing adoption of ICS security solutions, as major vendors are aggressively investing and rigorously working towards providing sophisticated automation solutions, as well as network security solutions in an effort to provide efficient security to ICS networks. The total Industrial Control Systems security market is expected to grow from $7.02 billion in 2013 to $10.33 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 8.0 % from 2013 to 2018.

Industrial Control Systems (ICS) security is one of the most important and widely used terminologies across the national critical infrastructures in the developed and the developing nations. We can define ICS security as "the ability of the organizations to secure their automation processes and related critical

 

 

information from cyber intrusions for undisrupted and sustained productivity of utilities, grids, transportation systems and manufacturing sector. Securing the infrastructure´s distribution networks has become very important and most of the companies are taking firm measures to protect them. This need for securing the infrastructures and processes has increased because of the growing terrorist threats and sophisticated cyber crimes. These key assets play an important role in any countries development and any kind of disruption across these would lead to loss of billions of dollars and political unrest.

Increasing terrorist attacks, rise in the sophisticated cyber and network security threats and increasing government pressure for regulatory policies and security compliances are playing a major role in shaping the future of the ICS security market. Even though there are security measures being implemented to protect the control systems and automation solutions, but there is no single comprehensive solution for providing fool-proof network security to these networks. The control system solutions that are currently implemented are in obsolete and are not prepared to counter the target specific cyber attacks. Major Tier1 companies are now providing embedded control system solutions along with security solutions and are getting into this escalating market for ICS security.

The major forces driving this market are the increased threat of cyber attacks across energy and power sector, government pressure and security compliance and regulations, threats from terrorist attacks and cyber attacks, lack in comprehensive solutions for ICS security and insider threats. Companies providing cyber security solutions are looking forward to gain a better competitive advantage in this growing market, thereby creating comprehensive security solutions and integrated security management platforms for the industries and critical infrastructures. 

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