Industrial Control Systems Security Market To Reach USD 12 Billion By 2026

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Industrial Control Systems Security (ICS) Market
Cross USD 12 Billion By 2026 Global Market
Insights, Inc.
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• Industrial Control Systems Market Scenario

• Global Market Insights, Inc., therefore predicts
  that the ICS security market might cross USD 12
  billion by the year 2026.
• ICS applications are used in diverse range of
  industries, helping manage, administer and
  monitor everything from utilities and nuclear
  plants to robotics, HVAC installations, and
  prison cell doors. Growing prevalence of
  cyberattacks on crucial infrastructure systems
  could drive the demand for effective ICS security
  platforms over the forthcoming years.
• The industrial control systems (ICS) security
  market is estimated to garner considerable
  revenue growth on account of prompting need for
  efficient cybersecurity solutions. ICS security
  focuses on protecting integrated software and
  hardware developed to control and monitor the
  operation of machinery and other related devices
  used in industrial environments.

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• Integrated hardware and software components have
  become the backbone of industrial units and play
  an integral role in automating multiple
  industrial processes. These components mainly
  include distribution control and supervisory
  control systems. Any vulnerability or malfunction
  caused by malware attacks to these components
  could lead to a substantial financial loss.
• In regard to applications, ICS security market is
  fragmented into critical manufacturing, power and
  energy, water utility, mining, chemical, and
  transportation. Out of these, the power and
  energy application segment managed to dominate
  global ICS security market share in 2019 and is
  projected to maintain a stronghold on the market
  throughout the predicted timeframe. Organizations
  operating in the energy sector are rapidly
  implementing robotics and IoT systems in their
  process

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• Regional Analysis

On the regional aspect, North America is
considered to be a strategical ground for ICS
security companies and is forecasted to hold more
than 30 of the global market share by the end of
2026. Factors like surging cyberattacks and
growing investments across the U.S. oil gas
sector could play a vital role in strengthening
the demand for ICS security solutions.

• Competitive Analysis

• The competitive landscape of global Industrial
  Control Systems comprises companies such as ABB
  Ltd., BAE Systems, Bayshore Networks, Inc.,
  Belden, Inc., Check Point Software Technologies
  Ltd., Cisco Systems, Inc., Cyberbit, Dragos,
  Inc., FireEye, Inc., Fortinet, Inc., General
  Electric Company, Honeywell International, Inc.,
  IBM Corporation, Kaspersky Labs, McAfee, LLC,
  Nozomi Networks, Inc., OT Claroty Ltd., Rolloos
  Industries B.V., Raytheon Company, Rockwell
  Automation, Inc., Schneider Electric,
  SecurityMatters (Forescout Technologies Inc.),
  Siemens AG, Accenture plc (Symantec Corporation),
  and Trend Micro, Inc.

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