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Asia-Pacific Industrial Control System Security Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Asia-Pacific Industrial Control System Security market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “Asia-Pacific Industrial Control System Security Market Analysis, 2020”, the Asia-Pacific Industrial Control System Security market is anticipated to grow at a considerable CAGR of 6% during 2021-26. Some of the prime growth factors pushing the market are the increase in the number of cyberattacks on ICS systems and the burgeoning need for compliance with various upcoming regulations. Industrial control system security is used in power generation, transmission, and distribution sectors. Also, the advancement of smart grid projects is further aiding the scope of SCADA systems in various developing countries such as in India, China, etc.
COVID-19 Negatively Impacted the Growth
During the turmoil of the COVID-19 crisis, several governments adopted the use of BYOD devices, the Work from Home trend, utilizing IIoT, and widespread internet penetration across critical industry verticals such as oil and gas, power grids, and manufacturing. Also, certain governments in the region instructed both public and private organizations to engage in new practices for working remotely and maintaining social distancing.
Market Segmentation
Network Security Segment Acquired the Significant Market Share
In Asia-Pacific, the network security segment held a substantial market share in 2020 due to the fact that its industrial applications are leading to a surge in the demand for protecting integrity thus enhancing the usability of the data and network. Moreover, network security through the internet also affects the integration of vessels with multiple other systems due to increasing cyber threats on vessels at sea. Therefore, the government is formulating crucial laws to reduce cybercrimes as stated in the MarkNtel Advisors’ research report “Asia-Pacific Industrial Control System Security Market Analysis, 2020”.
Competitive Landscape
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.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
Q. What is the historical year, base year, and forecast year considered in the research report on Asia-Pacific Industrial Control System Security Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Asia-Pacific Industrial Control System Security Market during 2021-26?
A. The CAGR of the India solar pump market is expected to grow at 6% during 2021-26.
Q. Who are the key competitors or players operating in Asia-Pacific Industrial Control System Security Market?
A. ABB, Honeywell, Cisco, Intel, Check Point, Symantec, Spohos, Fireeye, Kaspersky, BAE System, Palo Alto, Waterfall, Fortinet, Belden, etc. are a few of the leading players in the Asia-Pacific Industrial Control System Security Market.
Q. Which type of security segment would emerge as an opportunity area for players in Asia-Pacific Industrial Control System Security Market?
A. Network security segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in Asia-Pacific Industrial Control System Security Market?
A. India and China continue to grow at the highest CAGR, presenting immense opportunities for market players of Asia-Pacific Industrial Control System Security Market.
