ICS Security Market to grow at 20% CAGR from 2018 to 2024 Industrial Control Systems (ICS) Security Market
ICS Security Market to grow at 20% CAGR from 2018
to 2024: Global Market Insights Inc.
ICS Security Market to exceed USD 7 billion by 2024; driven by increasing incidents
of cyber-attacks on offshore industrial platforms and marine operations. The ICS
security market growth is attributed to the increasing incidents of cyber-attacks on
critical infrastructure industries. Constantly evolving cyber threats, such as
ransomware and viruses, can adversely affect production processes in critical
infrastructure environments resulting in large-scale financial losses for the
companies. The security concerns have increased considerably after the Industry 4.0
revolution as the tendency to connect ICS equipment to the internet has grown
significantly in the industries.
The endpoint security segment held a majority share of around 40% in the ICS
security market in 2017 due to large-scale deployment of endpoint security solutions
in critical industrial environments for securing different endpoint devices in the
industrial networks that remain vulnerable to cyber threats. The network security
market is projected to exhibit a robust growth with a CAGR of around 26% between
2018 and 2024 due to the increasing incidents of network breaches in critical
industrial sectors leading to large-scale production losses for the enterprises as well
as increased concerns for national security.
Industrial Control Systems (ICS) Security Market
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