Industrial Control Systems Security Market to grow by USD 8.72 billion | Evolving Opportunities with ABB Ltd. & AO Kaspersky Lab emerge|17000+ Technavio Reports

NEW YORK, Nov. 24, 2021 /PRNewswire/ — The industrial control systems security market is expected to grow by USD 8.72…

NEW YORK, Nov. 24, 2021 /PRNewswire/ — The industrial control systems security market is expected to grow by USD 8.72 billion from 2020 to 2025. Technavio’s latest market research report estimates that the industrial control systems security market will be progressing at a CAGR of  7.30%. Some of the major vendors of the industrial control systems security market include ABB Ltd., AO Kaspersky Lab, BAE Systems Plc, Broadcom Inc., Cisco Systems Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corp., Palo Alto Networks Inc., and Raytheon Technologies Corp. 

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Industrial  Control Systems Security Market 2021-2025: Drivers & Challenges

The industrial control systems security market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The factors such as increasing smart grid deployments in the power sector and the growing need to improve security offer immense growth opportunities. However, factors such as the lack of enforceable security laws may threaten the growth of the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

 

Industrial Control Systems Security Market 2021-2025: Scope

The report also covers the following areas:

Industrial  Control Systems Security Market 2021-2025: Segmentation

  • End-user
    • Oil And Gas
    • Power
    • Chemicals And Mining
    • Automotive
    • Others
  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA

Industrial  Control Systems Security Market 2021-2025:Key Regions & Revenue Generating Segment

33% of the industrial control systems security market growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial control systems security in APAC. Factors such as the increase in investments in various industrial sectors, including energy and manufacturing are accelerating the industrial control systems security market growth in APAC.

The industrial control systems security market share growth by the oil and gas segment will be significant for revenue-generating. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the industrial control systems security market size.

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Industrial Control Systems Security Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist industrial control systems security market growth during the next five years
  • Estimation of the industrial control systems security market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial control systems security market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial control systems security market vendors

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Industrial Control Systems Security Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.30%

Market growth 2021-2025

USD 8.72 billion

Market structure

Fragmented

YoY growth (%)

6.88

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., AO Kaspersky Lab, BAE Systems Plc, Broadcom Inc., Cisco Systems Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corp., Palo Alto Networks Inc., and Raytheon Technologies Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization preview

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