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The increasing frequency of cyberattacks on vital infrastructure is likely to stimulate innovation in industrial control systems (ICS) security manufacturing, boosting the market during the forecast period.

The global industrial control systems ICS security market is expected to grow from $15.25 billion in 2022 to $16.47 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The global industrial control systems (ICS) security market size is expected to grow to $22.44 billion in 2027 at a CAGR of 8.0%.

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Global Industrial Control Systems ICS Security Market Segments Include:

• By Component: Solution, Service
• By Security Type: Network Security, Endpoint Security, Application Security, Database Security
• By System Type: SCADA, DCS, PLC, Other Types
• By Applications: Power And Energy, Critical Manufacturing, Mining, Water Utility, Transportation, Chemical, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global industrial control systems ICS security market in 2021.

Major Market Players in the industrial control systems ICS security market include ABB Group, Honeywell International Inc., Cisco Systems Inc., Fortinet Inc., Palo Alto Networks Inc., Lockheed Martin Corporation, BAE Systems, Raytheon Technologies.

In the industrial control systems security market, innovative solutions have emerged as a prominent trend that is gaining popularity. Major players in the industrial control systems security market are providing novel solutions to strengthen their market position. For example, GuidePoint Security, a US-based cybersecurity solutions provider, will introduce Industrial Control Systems (ICS) security services in September 2022. The newly introduced solutions and service offerings are designed to provide a thorough assessment of an organization’s industrial control system (ICS) security posture. A security programme assessment, a security architecture review, and ICS penetration testing are among the services offered. These evaluations attempt to provide organisations with a comprehensive overview of their overall ICS security while also assisting them in bridging the IT (information technology) and OT (operational technology) security gap.

The Industrial Control Systems ICS Security Global Market Report 2023  provides a industrial control systems ICS security market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial control systems ICS security market forecast analyzes industrial control systems ICS security market size, industrial control systems ICS security market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Industrial control system (ICS) security refers to the policies and procedures put in place to safeguard industrial control systems. ICS security encompasses both technological and operational safeguards to ensure the systems’ confidentiality, integrity, and availability.

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