ICS security market worth $23.7 bn by 2027

Industrial Control Systems (ICS) Security Market worth $23.7 billion by 2027 according to Markets and Markets.

Network security is the technique of securing networks from advanced threats. Network security comprises ICS security services that provide security to various networking assets and resources used for managing critical infrastructure. It consists of multiple components, such as security software and appliances, which work together to provide network security. Sophisticated threats, such as sophisticated malware and other attacks, such as Advanced Persistent Threats (APTs), negatively impact the ICS ecosystem by evading network defenses and targeting vulnerabilities in the computing system. Organizations adopt ICS security services to prevent unauthorized access and the misuse of networking resources.

North America has been at the forefront of the adoption of ICS security solutions in lieu of the rising number of cyberattacks on critical infrastructure. ICS security solutions are being widely used in a variety of industries, particularly manufacturing, chemicals, energy, and utilities. This region has also been extremely responsive toward the latest technological advancements, such as the integration of cloud and IoT with ICS security solutions, to establish a holistic secure access mechanism and enforce a security governance framework. With the growing awareness of ICS security among small and medium-sized businesses and the widespread use of data-driven methods in manufacturing operations, the adoption of emerging technologies opens the door to the substantial market share held by the North American region. Public-Private Partnerships (PPP) and international collaborations have led to effective ICS security and resilience in the region.

CT Bureau