According to MarkNtel Advisors’ research report titled “Global Industrial Control Systems (ICS) Security Market Analysis, 2020”, the Industrial Control Systems Security market is projected to register a CAGR of around 6% during 2020-25. The manufacturing sector acquired a considerable market share in the Global ICS Security market in 2019. The introduction of Industry 4.0 in various countries has strongly contributed to the growth of ICS Security market. The growing threat of cyberattacks on critical infrastructure and strategic industrial sector is anticipated to lead to more opportunities for the companies providing industrial control systems security.
The network security segment captured a significant market share in the Global Industrial Control Systems (ICS) Security market in 2019. Surging number of cyber threats causes breakdown that adversely affects the entire business operations, and these majorly enter through the unauthorized network or drive-by downloading or via e-mail. Therefore, to prevent this, the demand for network security is gradually escalating in the countries. In 2017, Renault, a French Automotive company, was attacked by ransomware, a malware threat that continually blocked access and affected almost 10,000 computers of the company in almost 100 countries across the globe.
According to MarkNtel Advisors, the key players capturing a considerable market share in the Global Industrial Control Systems (ICS) Security include ABB, Honeywell, Cisco, Intel, Check Point, Symantec, Sophos, Waterfall, etc. In order to gain a competitive edge in the industry, these companies are collaborating and increasingly introducing new range of products.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR Global Industrial Control Systems (ICS) Security Market during 2020-25?
A. The market size of Global Industrial Control Systems (ICS) Security Market during 2020-25 is forecast to be around 6%.
Q. Which sector would grab the highest market share during 2020-25?
A. The manufacturing sector grabbed a considerable market share in the Global ICS security market in 2019.
Q. Who are the key competitors or players operating in Global Industrial Control Systems (ICS) Security Market?
A. ABB, Honeywell, Cisco, Intel, Check Point, Symantec, Sophos, Waterfall, Freeye, Kaspersky, Fortis-net and few others are the leading players in the Global Industrial Control Systems (ICS) Security Market.
Q. Does the report scope cover country wise market statistics also?
A. Yes, the scope of the report encompass detailed country statistics such as market size, market segmentation based on various subcategories.
