Increased instances of threats and attacks on critical industrial infrastructure are expected to play a pivotal role in the high growth of the ICS market over the next six years.
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How to Troubleshoot Apps for the Modern Connected Worker
Industrial Control Systems (ICS) Security Market Forecast Report To 2020: Grand View Research, Inc.
1. Industrial Control Systems (ICS) Security Market
Analysis, Market Size, Application Analysis, Regional
Outlook, Competitive Strategies And Forecasts, 2014 To
2020
Increased instances of threats and attacks on critical industrial infrastructure are
expected to play a pivotal role in the high growth of the ICS market over the
next six years. Growing demand for remote control monitoring and process
automation has made the existing infrastructure vulnerable to attacks by cyber
criminals and hackers, which has significantly compromised the integrity of
critical information. Robust ICS security solutions have been adopted by
companies belonging to different industry verticals such as power, energy &
utilities, chemical & manufacturing, and transportation in order to address the
need for safeguarding processes and critical infrastructure.
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systems-security-market
In order to counter threats such as Stuxnet, Night Dragon, Flame, and Duqu,
several industries including transportation, utility, power, and energy have
adopted ICS security systems. Intelligent security solutions help in integrating,
collecting, and analyzing the network through the data obtained from their
Supervisory Control and Data Acquisition (SCADA) networks and
grids.Presence of conventional control systems more prone to cyber threats as
compared to their modern counterparts, and is expected to significantly hinder
market growth. The ICS market is expected to be restrained by lack of skilled
personnel for implementing and troubleshooting these control systems.
3. Merger & acquisition activity among ICS industry players has garnered
significant momentum for gaining market stranglehold. Some of the prominent
M&A activities include IBM’s acquisition of Trusteer and Sourcefire, Lockheed
Martin’s acquisition of Industrial Defender, Intel’s acquisition of McAfee and
Schneider’s acquisition of Invensys. Companies such as Industrial Defender
offer unique solutions to monitor, manage, and protect vulnerable automation
systems against external threats. Other prominent players in the ICS market
include Airbus Group, Cisco Systems, Honeywell, and Juniper Networks.
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