DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "Industrial Control Systems (ICS) Security Market by Solution, Service, Security Type, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global Industrial Control Systems (ICS) security market is expected to grow from USD 13.20 billion in 2018 to USD 18.05 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period.

The ICS security market growth is driven by various factors, including huge investments by organizations in Industry 4.0, convergence of Information Technology (IT) and Operational Technology (OT), and rise in the number of cyber threats on the critical infrastructure. However, growing concerns about power outage, due to frequent security updates, and legacy ICS being more prone to cyber-attacks may hinder the growth of the market.

The encryption solution is expected to be the fastest growing segment in the ICS security market. The ICS security market by solution has been segmented into antimalware antivirus, Distributed Denial of Service (DDoS) mitigation, encryption, firewall, Identity and Access Management (IAM), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), security and vulnerability management, security configuration management, Security Information and Event Management (SIEM), whitelisting, and others. Encrypting ICS helps mitigate common attacks, such as data thefts and DDoS attacks, and provides high reliability, performance, and availability of the network on-demand.

Companies in the energy and utilities vertical are adopting next-generation ICS security solutions and services to safeguard the industrial network, endpoint, application, data, and cloud environment. Energy and utilities plants and organizations are highly prone to cyber-attacks and physical attacks. Any cyber-attack can bring down the entire plant and result in health hazards, environmental hazards, and huge financial loss. On the other hand, the manufacturing vertical is expected to grow at the highest CAGR during the forecast period. The growth in the manufacturing vertical in the ICS security market can be attributed to the increasing cyber-attacks on critical manufacturing industries, such as automotive, chemical, and mining.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industrial Control Systems Security Market, By Solution

7 Industrial Control Systems Security Market, By Service

8 Market Analysis By Security Type

9 Industrial Control Systems Security Market By Vertical

10 Industrial Control Systems Security Market, By Region

11 Competitive Landscape

12 Company Profiles

ABB Check Point Software Cisco Honeywell McAfee FireEye Fortinet Baker Hughes, A Ge Company (BHGE) Kaspersky Lab Belden Airbus BAE Systems Bayshore Networks Dragos CyberArk Cyberbit Indegy Nozomi Networks Palo Alto Networks Rockwell Automation Schneider Electric SecurityMatters Sophos Symantec Positive Technologies Waterfall Security For more information about this report visit https://www.researchandmarkets.com/research/x3s876/industrial?w=4

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KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/07/2018 05:26 AM/DISC: 09/07/2018 05:26 AM

http://www.businesswire.com/news/home/20180907005121/en