Industrial Control Systems Security Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2030

0
76

According to a recent report by Reports and Data, the global Industrial Control Systems Security Market is expected to reach a size of USD 34.64 Billion by 2030 and register a revenue compound annual growth rate (CAGR) of 8.5% during the forecast period. The market growth is primarily attributed to the growing use of industrial systems and digital technologies.

The demand for managed security services to handle complex vulnerabilities in industrial control systems is also increasing, which is expected to offer attractive opportunities for revenue growth in the global industrial control systems security market during the forecast period. Cyber attackers and hackers take advantage of the lack of security knowledge among employees to extract sensitive information of firms. The use of industrial systems and digital technologies is increasing, leading to growing demand for industrial control systems security. The merging of digital technology and industrial systems is creating a global revolution in various industry verticals, which is opening up lucrative possibilities for Machine to Machine (M2M) communication and the Industrial Internet of Things (IIoT).

Get a Sample of the report @ https://www.reportsanddata.com/download-free-sample/1077

Companies profiled in the global market report include:

ABB Group, Airbus SE, Siemens AG, Honeywell International Inc., Cisco Systems Inc., Fortinet, Inc., Palo Alto Networks Inc., Sophos Group plc, BAE Systems plc, CyberArk Software Inc., Kaspersky Lab, and Nozomi Networks Inc.

Here are some key highlights from the report:

  • The database security segment is expected to show steady revenue growth during the forecast period due to an increasing demand for advanced security solutions, evolving regulatory environment, and growing volumes of corporate data across industries.
  • The identity and access management segment is expected to account for a considerably large revenue share over the forecast period due to the rise in security concerns across organizations and the need for mobility solutions. Rising awareness regarding compliance management across many industries is driving adoption of identity and access management solutions for security.
  • The market in Europe is expected to show significantly steady revenue growth during the forecast period, owing to increasing need to cut manufacturing costs, rising use of Machine-to-Machine (M2M) technologies and Internet of Things (IoT), and significant utilization of automated processes in automotive and manufacturing sectors.
  • In March 2021, Palo Alto Networks completed the acquisition of Bridge Crew, a developer-first cloud security firm. The acquisition will enable "shift left" security, with Prisma Cloud being the first cloud security platform to provide security across the whole application lifecycle.

Here are the driving factors of the Industrial Control Systems Security Market in points:

  • Growing use of industrial systems and digital technologies is one of the key factors expected to drive market revenue growth during the forecast period.
  • Demand for managed security services to handle complex vulnerabilities in industrial control systems is gradually increasing, which can offer attractive prospects and drive revenue growth of the global industrial control systems security market during the forecast period.
  • Small and medium-sized enterprises (SMEs) lack various essential cyberinfrastructures for relatively secure operations, while major enterprises need managed security services.
  • Cyber attackers and hackers are taking advantage of the lack of security knowledge among employees to extract sensitive information of firms.
  • Cybersecurity training, solving issues and incidents, and protocols are considered a hassle by the general workforce, and therefore, unless employees become aware of security protocols as business imperatives, firms will be vulnerable in some way or other despite a powerful infrastructure.
  • The advancing technological landscape is creating a global revolution in various industry verticals, which is leading to merging of digital technology and industrial systems into a unified ecosystem. This is opening up lucrative possibilities for the Machine to Machine (M2M) communication and the Industrial Internet of Things (IIoT).
  • IIoT-based technologies are widely used across several verticals, such as energy, manufacturing, metals and mining, transportation, oil and gas, and healthcare systems.

Access Full Research Report @ https://www.reportsanddata.com/report-detail/industrial-control-systems-security-market

Explore Latest Research Report by Reports and Data:

Potato Processing Market @ https://www.globenewswire.com/news-release/2019/10/01/1923183/0/en/Potato-Processing-Market-To-Reach-USD-37-41-Billion-By-2026-Reports-And-Data.html

Food Extrusion Market @ https://www.globenewswire.com/news-release/2019/10/15/1930063/0/en/Food-Extrusion-Market-To-Reach-USD-87-86-Billion-By-2026-Reports-And-Data.html

Industrial Margarine Market @ https://www.globenewswire.com/fr/news-release/2019/11/19/1949678/0/en/Industrial-Margarine-Market-To-Reach-USD-3-06-Billion-By-2026-Reports-And-Data.html

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights

 

Căutare
Categorii
Citeste mai mult
Networking
washon Laundry in jumeriah
washon Laundry in jumeriah Schedule your washing or pressing services as per your convenience. We...
By Office Webmaster354 2023-01-31 05:05:28 0 29
Alte
Butadiene Derivatives Market, Business Prospects, Gross Margin Analysis, Industry Leading Players Update, and Forecast 2030
The butadiene derivatives market has seen significant growth over the past few years,...
By Ganesh Mhetre 2023-07-28 06:56:12 0 173
Alte
Phycocyanin Market Covid-19 Impact Analysis, Upcoming Trends, Key Industry Segments, Business Landscape and Key Vendors and Forecasts to 2029
Phycocyanin Market is expected to reach US$ 352.43 Mn. by 2029, at a CAGR of 9.6% during the...
By Pooja Maximize 2023-05-10 07:50:12 0 54
Alte
Make Your Boring Life Exciting by Hiring Our Raipur Escorts
At Raipur, we understand that life can be boring and routine. That's why we offer a wide range of...
By Jiya Singh 2023-01-27 09:17:36 0 30
Literature
Hair Color Market Insights Analysis was valued at USD 7.01 billion by 2030
Hair Color Market Outlook Hair color is something that everyone does at one point in time....
By Amit Jay 2023-03-23 07:26:31 0 25