The industrial control systems (ICS) security market is likely to see a remunerative growth trend over the coming years owing to the rise in number of cyber threats, and growing demand for industrial IoT solutions. An industrial control system is one of the numerous different kinds of control systems that are used for monitoring the industrial processes.

Industrial control systems are utilized in machinery across a wide array of industries across the globe. They manage, monitor, as well as administer everything, ranging from nuclear plants and utilities to robotics, HVAC installations, and prison cell doors. ICS system thus makes sure that the operations are running smoothly, and problems are detected way before becoming an issue.

Industrial control systems security market is segmented in terms of security type, component, end-use, and regional landscape.

Based on security type, the ICS security market is classified into database security, endpoint security, application security, and network security. The database security segment will witness a CAGR of over 20% over the forecast timeframe due to rising number of data breach incidents.

In terms of component, the overall ICS security market is bifurcated into solution and service. The solution component segment is further categorized into unified threat management (UTM), security information and event management (SIEM), virtualization security, data loss prevention, distributed denial-of-service (DDoS), identity access management (IAM), intrusion detection and prevention system, antivirus/anti-malware, SCADA encryption, firewall, and others.

The antivirus/anti-malware segment represented a market share of over 10% in 2019 due to growing demand for protecting industrial PCs from cyberattacks. The virtualization security segment will witness a CAGR of over 25% over the projected time period due to growing adoption of network virtualization solutions.

The service component segment is further categorized into risk management, audit & reporting, integration and consulting, and managed service. The integration and consulting segment witnessed a market share of over 40% in 2019 due to increasing demand for robust and more secure industrial automation processes.

With respect to end-use, the ICS security market is categorized into chemical, transportation, water utility, mining, critical manufacturing, and power & energy. The transportation end-use segment is likely to grow at a significant CAGR of over 25% due to growing demand for connected vehicles across the globe.

From a regional frame of reference, the LAMEA region will represent a market share of over 20% by the end of the projected time period due to increasing demand for Industrial IoT solutions.