Press Release Description

Bring Your Own Device (BYOD) Approach Actively Contributing to the Growth of Asia-Pacific Industrial Control System Security Market

There is an excessive need for the industrial control system security for individuals & enterprises that are progressively inclined toward the use of digital technologies such as ICS solutions for security against cyber-attacks.

According to MarkNtel Advisorsresearch report titledAsia-Pacific Industrial Control System Security Market Analysis, 2021”, the Asia-Pacific Industrial Control System Security market is expected to grow at a CAGR of around 6% during 2021-26. The Asia-Pacific Industrial control system security market is witnessing a proliferated demand owing to the rising inclination toward cloud platforms to meet workplace requirements would generate the need for managed services to safeguard effective management of an organization’s network systems. The risk of cybercrimes is lowered as the market offers timely and enhanced ICS security management by the managed services.

“Asia-Pacific Industrial Control System Security Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Industrial Control System Security providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings. 

Identify and Access Management Grew at the Exponential Rate

Identity and Access Management (IAM) component segment captured the largest market share in 2020 owing to the features such as password management, user provisioning, and advanced authentication, which enable and maintain users’ access to network resources. The concept of bring your own device (BYOD) is gaining momentum in countries such as China, South Korea, and Japan that helps in cutting the cost of the operation thereby, augmenting the overall market of industrial control system security market. Also, the BYOD concept has greatly helped the organizations to work efficiently during the disruptions of COVID-19 pandemic and allowed employees to access e-mails, corporate resources, and sensitive data of organizational and business applications using their personal devices from any location. The IAM segment is anticipated to further propel during the period of 2021-2026 as stated in the MarkNtel Advisors’ research report “Asia-Pacific Industrial Control System Security Market Analysis, 2020”. 

According to MarkNtel Advisors, the key players with a considerable market share in the Asia-Pacific Industrial Control System Security market include ABB, Honeywell, Cisco, Intel, Check Point, Symantec, Spohos, Fireeye, Kaspersky, BAE System, Palo Alto, Waterfall, Fortinet, Belden, etc.

 Market Segmentation:

  1. By Type of Security (End Point, Network Application, Content & Database, Security Analytics)
  2. By Type of Services (Managed Security, Support & Maintenance, Incident Response, Consulting & Integration, Others)
  3. By Type of Solutions (Antivirus, Firewall, Intrusion Detection & Prevention, Encryption, Security and Vulnerability Management, Identity and Access Management, Security Configuration Management, Others)
  4. By End Users (Manufacturing, Power and Utilities, Transport Infrastructure, Others)
  5. By Countries (China, India, South Korea, Japan, Others)
  6. By Company (ABB, Honeywell, Cisco, Intel, Check Point, Symantec, Spohos, Fireeye, Kaspersky, BAE System, Palo Alto, Waterfall, Fortinet, Belden, etc.)

Key questions answered in the study:

  1. What are the current and future trends of the Industrial Control System Security industry?
  2. How the industry has been evolving in terms of sales demand and application areas?
  3. How the competition has been shaping across the region followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Industrial Control System Security industry?
  5. What is the customers’ orientation, purchase behavior, and expectations from the Industrial Control System Security firms across various regions?