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Industrial Control Systems (ICS) Security Market (DDOS, IDS/IPS, SIEM, Firewall) Worth $10.33 Billion by 2018 - New Report by MarketsandMarkets
Date:11/21/2013

g the future of the ICS security market. Even though there are security measures being implemented to protect the control systems and automation solutions, there is no single comprehensive solution for providing foolproof network security to these networks. The control system solutions that are currently implemented are 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.

The global ICS security market is estimated to be $7.02 billion in 2013 and is expected to grow to $10.33 billion in 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 8.0% from 2013 to 2018. In the current scenario, the power, energy and utilities vertical security continues to be the largest segment, in terms of spending and adoption, for ICS security solutions. This is followed by commercial, communication systems and manufacturing industry ICS security solutions. In terms of regions, North America is expected to be the biggest market on the basis spending and adoption for ICS security solutions. MarketsandMarkets further expects that the increasing energy markets in the developing economies and increased deployment of ICS infrastructure will further enhance the growth of the market.

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