Global Industrial Control Systems Security to Rise, Growing Deployment of Smart Grids in Power Sector to Fuel Growth

Published Date : Aug 29, 2016

ALBANY, NY, Aug 29, 2016 - has added a new report, titled “Global Industrial Control Systems Security Market 2016-2020,” to its offering. This study on the global industrial control systems security market presents an in-depth understanding of all the prime attributes related to market. It also encapsulates the crucial technological developments that have been taking place in this market and their impact on the development of the market. In addition, the top segments in the market have been highlighted and estimations of their state by the end of the forecast period has been presented. The report states that the market is poised to rise at a 9.09% CAGR from 2016 to 2020. 

The report begins by presenting an overview of the industrial control systems security market. This section presents the top market highlights along with evaluation of the market with Porter’s five forces reports. The evaluation provides insights into the importance of security in industrial control systems in power transmission, distribution, and generation sectors for assessing, storing, and collecting data from a number of data points in regional or national networks.

There is an increasing prevalence of cyber-attacks and malware infections seen in industrial control systems currently, resulting in invalid data. Thus, a number of industrial automation vendors have been taking efforts to collaborate with IT security service providers for the protection of computer-based end points present in automation systems, hence providing security to industrial customers.

The report segments the market on the basis of end use and geography. In terms of end use, the report segments the global industrial control systems security market into oil and gas industry, power industry, chemical industry, and water and wastewater industry. Of these, chemical industry leads the market and is predicted to rise at a 9.0% CAGR by the end of 2020.

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In terms of geography, the report categorizes the global industrial control systems security market into Europe, the Middle East, and Africa, the Americas, and Asia Pacific. Of these, on the basis of revenue, EMEA leads the market and is poised to represent a share of approximately 35% by 2020. The increasing cyber-attacks will fuel the growth of the market in this region.

In the next part of the study, factors stimulating and impeding the growth of the market have been presented. The growing deployment of smart grids in the power sector is the prime factor providing impetus to the growth of this market. In addition, the rising rate of cyber-attacks and malware infections in industrial control systems will augment the development of this market. On the other hand, the dearth of enforceable security laws may impede the development of this market in the coming years.

In the last part of the report, the competitive landscape section has been covered. This section analyzes the key vendors operating in the market on attributes such as product offerings, company profiles, and contact information.

Cisco, Fortinet, Kaspersky, Symantec, Booz Allen Hamilton, Citrix Systems, Brocade Communication Systems, Computer Science, F-Secure, EMC, Trend Micro, and IBM, L-3, among others, are the leading vendors in the industrial control systems security market, as mentioned in this study.

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