Industrial Control System (ICS) Security Market Research Report- Global Forecast 2027

Industrial Control System (ICS) Security: By Solution (Unified Threat Management, Distributed Denial of Service, Data Loss Prevention, Firewall and Antivirus) By System Type (SCADA, DCS, PLC and Others), By Services (Risk Management, Communication Services, Managed Support, Change in Management and Others) By Vertical (Energy & Power, Manufacturing, Transportation, Food & Beverage and Others) and Region - Global Forecast Till 2027

ID: MRFR/SEM/2148-CR | February 2019 | Region: Global | 123 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Snapshot


Increased cyber-attacks and evolving network security threats in the industrial environment is necessitating adoption of advanced industrial control system (ICS) security solutions. The global ICS security market was valued at USD 11.20 Bn in 2017 and is projected to witness a compound annual growth rate of 6.81% during the forecast period (2018-2023). While ICS becomes more dynamic with integration of next-generation technologies, it is also getting exposed to new threats. Such threats can sabotage industrial operations at a high level.


Synopsis


This MRFR report offers a detailed analysis of the global industrial control system (ICS) security market along with a revenue forecast that ends in 2023. It contains both micro and macro level analysis of the market. The report covers different types of ICS security solution, which include Unified Threat Management (UTM), Distributed Denial of Service (DDOS), Data Loss Prevention, Firewall and Antivirus.  A sector of report, highlights ICS security systems such as SCADA, DCS, PLC, among others. Security services discussed in the report include risk management, communication services, managed support and change in management. The market size considered in the report is based on use of ICS security energy & power, food & beverage, manufacturing, transportation, among others.


Companies Covered


Siemens AG, Schneider Electric, Cisco Systems, Inc., Rockwell Automation, Inc., Check Point Software Technologies Ltd., Belden Inc., BAE Systems, ABB and Fortinet, Inc.


The report provides insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.


Research Methodology


MRFR implements a research methodology which undertakes a number of research activities for conducting a robust market analysis. Primary and secondary inputs allow gathering of pertinent market information. Subject matter experts, c-level executives, and opinion holders are approached for identifying current industry trends and possible future developments. In addition, proprietary sources such as whitepapers, paid database, SEC filings, annual reports, etc. Use of a multilayer evaluation process ensures optimum accuracy. Market sizing involves utilization of both top-down and bottom-up approaches. Information breakdown and data triangulation ensures effective market projection.


Other Description



  • Market Denomination- USD Bn

  • Base Year- 2017

  • Forecast Period- from 2018 to 2023


For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for industrial control system (ICS) security.


By Solution



  • Unified Threat Management (UTM)

  • Distributed Denial of Service (DDOS)

  • Data loss prevention

  • Firewall

  • Antivirus


By System Type



  • SCADA

  • DCS

  • PLC

  • Others


By Service



  • Risk Management

  • Communication Services

  • Managed Support

  • Change in Management

  • Others


By Vertical



  • Energy & Power

  • Manufacturing

  • Transportation

  • Food & Beverage

  • Others


By Region



  • North America

  • Europe

  • Asia Pacific

  • Rest of the World (RoW)


Intended Audience:



  • Research Firm

  • ICS service providers and distributors

  • IT safety and security organizations

  • Cybersecurity agencies

  • Software and hardware vendors

  • Networking Service Providers

  • Industrial safety organizations



Frequently Asked Questions (FAQ) :


The global ICS security market was valued at USD 11.20 billion in 2017 and is expected to witness significant growth over the by 2023.

The global ICS market is projected to observe a CAGR of 6.81% during the forecast period (2018-2023).

Factors such as the demand for ICS security solutions is anticipated to rise significantly due to the rapid integration of advanced technologies industrial infrastructures.

SCADA segment is anticipated to remain highly profitable and is projected to reach a market value more than USD 6 billion by the end of the assessment period.

Risk management segment is expected to record the highest market share in the service segment.

the ICS market in North American region is expected to capture a CAGR of 5.59% over the assessment period

A few major players of the ICS market are Siemens AG, Check Point Software Technologies Ltd., BAE Systems, Schneider Electric, Cisco Systems, Inc., Rockwell Automation, Inc., Belden Inc., ABB and Fortinet, Inc.

Safeguarding of industrial control system (ICS) has become a key focus area for business entities both private and public. Various types of ICS security solutions are being used to measure, control and provide a view of the process. MRFR’s study reveals that the global ICS security market will expand at a CAGR of 6.81% during the assessment period (2017-2023). ICS security solutions are a set of interconnected infrastructures and networks that secure industrial processes.


With the passing time, severity and scale of cyber-attacks have increased, making security a vital issue in monitoring and controlling of modern machineries in industrial environments. There has been a sharp rise in demand for ICS security solutions, mainly owing to rising number of cyber-attacks on industrial control systems worldwide. These solutions are being adopted across energy & power, manufacturing, oil & gas, and food & beverages industries. At the same time, the growing need for effective cloud computing and cloud-based security is being met by ICS security solutions.


Segmental Analysis


The segmental analysis of the global industrial control system security market has been conducted on the basis of solutions, control system type, service, vertical, and region.


Based on solution, the market has been segmented into Unified Threat Management (UTM), Distributed Denial of Service (DDOS), Data loss prevention, Firewall, and Antivirus. The firewall segment currently accounts for more 26% market share in terms of value. In 2017, the segment was valued at USD 3.01 Bn and is expected to exhibit a CAGR of 6.17% during the forecast period.


Based on control system type, the market has been segmented into SCADA, DCS, PLC and others. The SCADA segment holds the pole position and is likely to remain high profitable during the forecast period. Towards 2023, the segment is expected to reach a valuation of USD 6.89 Bn, reflecting a healthy growth rate. 


On the basis of service, the market has been segmented into risk management, communication services, managed support, change in management and others. The risk management segment accounts for a significant share of the market. Currently, the segment is valued at more than USD 3.35 Bn and set to post a CAGR of 6.43% till 2023. The communication services segment accounts for the second largest market share. Additionally, the segment is expected to surpass a market valuation of USD 4 Bn by the year 2023.


Based on vertical, the market has been segmented into energy & power, manufacturing, transportation, food & beverage and others. In terms of revenue, the energy & power segment accounted to 32.7% share of the market in 2017 and is projected to increase at an impressive CAGR of 5.80% till 2023.


Regional Outlook 


On the basis of region, the global industrial control system security market has been Asia Pacific (APAC), Europe, North America and Rest of the World (RoW). In 2017, North America accounted for 53.6% share of the market in terms of revenue. The market in the region is expected to post a CAGR of 5.59% during the assessment period. Factors such as exponential volumes of data generation, increasing use of Internet-based solutions and cloud services, and an increase in the number of services that are operated and managed online have led to an increased use of ICS security solutions in the countries such as the U.S. and Canada. Moreover, the growing threat of cyber-attacks is paving the way the ICS security market. Furthermore, the rapid adoption of new security technologies along with the growing focus on security in boosting the popularity of ICS security solutions. The focus remains on improving the measures to overcome high-profile cybersecurity challenges. In the forthcoming years, ICS security solutions are likely to become crucial in securing cyber and communication infrastructures.


Competition Tracking


Leading companies operating in the global industrial control system (ICS) security market include General Electric, Siemens AG, Honeywelll International Inc., Schneider Electric, Belden Inc., Fortinet, Inc., Cisco Systems, Inc., ABB, Rockwell Automation, Inc., BAE Systems and Check Point Software Technologies Ltd.

1 Executive Summary

2 Market Introduction

2.1 Definition 18

2.2 Scope of the Study 18

2.3 List of Assumptions 19

2.4 Market Structure 19

3 Research Methodology

3.1 Research Process 21

3.2 Primary Research 22

3.3 Secondary Research 23

3.4 Market Size Estimation 23

3.5 Forecast Model 24

4 Market Dynamics

4.1 Introduction 26

4.2 Drivers 27

4.2.1 Increase in cyber-attacks and network security threat 27

4.2.2 Increase in smart technologies in ICS 27

4.2.3 Support from government organizations for ICS security 27

4.2.4 Drivers Impact Analysis 28

4.3 Restraints 28

4.3.1 Budget constraints affecting innovation 28

4.3.2 Increase in cyber threat due to the traditional ICS security systems 29

4.3.3 Restraint Impact Analysis 29

4.4 Opportunities 29

4.4.1 Cloud computing for ICS protection and rise in cloud-based security system 29

5 Market Factor Analysis

5.1 Porter’s Five Forces Model 31

5.1.1 Threat of New Entrants 31

5.1.2 Bargaining Power of Suppliers 31

5.1.3 Bargaining Power of Buyers 31

5.1.4 Threat of Substitutes 32

5.1.5 Rivalry 32

6 Global Industrial Control System (ICS) Security Market, by Solution

6.1 Overview 34

6.2 Unified Threat Management (UTM) 34

6.3 Distributed Denial of Service (DDOS) 34

6.4 Data loss prevention 34

6.5 Firewall 34

6.6 Antivirus 35

7 Global Industrial Control System (ICS) Security Market, by Control System

7.1 Overview 37

7.2 SCADA 37

7.3 DCS 37

7.4 PLC 37

7.5 Others 38

8 Global Industrial Control System (ICS) Security Market, by Service

8.1 Overview 40

8.2 Risk Management 40

8.3 Communication services 40

8.4 Managed support 40

8.5 Change in management 40

8.6 Others 40

9 Global Industrial Control System (ICS) Security Market, by Vertical

9.1 Overview 43

9.2 Energy & Power 43

9.3 Manufacturing 43

9.4 Transportation 43

9.5 Food & Beverage 43

9.6 Others 44

10 Global Industrial Control System (ICS) SECURITY Market, by Region

10.1 Introduction 46

10.2 North America 47

10.2.1 US 50

10.2.2 Canada 52

10.3 Europe 54

10.3.1 Germany 57

10.3.2 UK 59

10.3.3 France 61

10.3.4 Rest of Europe 63

10.4 Asia-Pacific 65

10.4.1 China 68

10.4.2 Japan 70

10.4.3 India 72

10.4.4 Rest of Asia-Pacific 73

10.5 Rest of the World (RoW) 76

10.5.1 South America 79

10.5.2 Middle East & Africa 81

11 Competitive Landscape

11.1 Competitive Scenario 84

11.2 Market Share Analysis 84

12 Company Profile

12.1 General Electric 86

12.1.1 Company Overview 86

12.1.2 Financial Overview 86

12.1.3 Products/Services Offered 87

12.1.4 Key Developments (2020-2027) 87

12.1.5 SWOT Analysis 88

12.1.6 Key Strategies 88

12.2 Siemens AG 89

12.2.1 Company Overview 89

12.2.2 Financial Overview 89

12.2.3 Products/Services Offered 90

12.2.4 Key Developments (2020-2027) 91

12.2.5 SWOT Analysis 91

12.2.6 Key Strategies 91

12.3 Honeywell International Inc. 92

12.3.1 Company Overview 92

12.3.2 Financial Overview 92

12.3.3 Products/Services Offered 93

12.3.4 Key Developments (2020-2027) 94

12.3.5 SWOT Analysis 95

12.3.6 Key Strategies 95

12.4 Schneider Electric 96

12.4.1 Company Overview 96

12.4.2 Financial Overview 96

12.4.3 Products/Services Offered 97

12.4.4 Key Developments (2020-2027) 97

12.4.5 SWOT Analysis 98

12.4.6 Key Strategies 98

12.5 Belden Inc. 99

12.5.1 Company Overview 99

12.5.2 Financial Overview 99

12.5.3 Products/Services Offered 100

12.5.4 Key Developments (2020-2027) 101

12.5.5 SWOT Analysis 102

12.5.6 Key Strategies 102

12.6 Fortinet, Inc. 103

12.6.1 Company Overview 103

12.6.2 Financial Overview 103

12.6.3 Products/Services Offered 104

12.6.4 Key Developments (2020-2027) 105

12.6.5 SWOT Analysis 105

12.6.6 Key Strategies 105

12.7 Cisco Systems, Inc. 106

12.7.1 Company Overview 106

12.7.2 Financial Overview 106

12.7.3 Products/Services Offered 107

12.7.4 Key Developments (2020-2027) 107

12.7.5 SWOT Analysis 108

12.7.6 Key Strategies 108

12.8 ABB 109

12.8.1 Company Overview 109

12.8.2 Financial Overview 109

12.8.3 Product/Services Offered 110

12.8.4 Key Developments (2020-2027) 111

12.8.5 SWOT Analysis 111

12.8.6 Key Strategies 111

12.9 Rockwell Automation, Inc. 112

12.9.1 Company Overview 112

12.9.2 Financial Overview 112

12.9.3 Products/Services Offered 114

12.9.4 Key Developments (2020-2027) 115

12.9.5 SWOT Analysis 115

12.9.6 Key Strategies 115

12.10 BAE Systems 116

12.10.1 Company Overview 116

12.10.2 Financial Overview 116

12.10.3 Products/Services Offered 118

12.10.4 Key Developments (2020-2027) 118

12.10.5 SWOT Analysis 119

12.10.6 Key Strategies 119

12.11 Check Point Software Technologies Ltd 120

12.11.1 Company Overview 120

12.11.2 Financial Overview 120

12.11.3 Products/Services Offered 121

12.11.4 Key Developments (2020-2027) 122

12.11.5 SWOT Analysis 122

12.11.6 Key Strategies 122


13 List of Tables

TABLE 1 MARKET SYNOPSIS 16

TABLE 2 LIST OF ASSUMPTIONS 19

TABLE 3 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 35

TABLE 4 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 38

TABLE 5 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 41

TABLE 6 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 44

TABLE 7 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY REGION, 2014-2023 (USD BILLION) 46

TABLE 8 NORTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 47

TABLE 9 NORTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 48

TABLE 10 NORTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 48

TABLE 11 NORTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 49

TABLE 12 NORTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 49

TABLE 13 US: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 50

TABLE 14 US: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 50

TABLE 15 US: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 51

TABLE 16 US: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 51

TABLE 17 CANADA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 52

TABLE 18 CANADA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 52

TABLE 19 CANADA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 53

TABLE 20 CANADA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 53

TABLE 21 EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 54

TABLE 22 EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 55

TABLE 23 EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 55

TABLE 24 EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 56

TABLE 25 EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 56

TABLE 26 GERMANY: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 57

TABLE 27 GERMANY: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 57

TABLE 28 GERMANY: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 57

TABLE 29 GERMANY: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 58

TABLE 30 UK: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 59

TABLE 31 UK: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 59

TABLE 32 UK: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 60

TABLE 33 UK: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 60

TABLE 34 FRANCE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 61

TABLE 35 FRANCE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 61

TABLE 36 FRANCE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 62

TABLE 37 FRANCE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 62

TABLE 38 REST OF EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 63

TABLE 39 REST OF EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 63

TABLE 40 REST OF EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 64

TABLE 41 REST OF EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 64

TABLE 42 ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 65

TABLE 43 ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 66

TABLE 44 ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 66

TABLE 45 ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 67

TABLE 46 ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 67

TABLE 47 CHINA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 68

TABLE 48 CHINA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 68

TABLE 49 CHINA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 69

TABLE 50 CHINA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 69

TABLE 51 JAPAN: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 70

TABLE 52 JAPAN: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 70

TABLE 53 JAPAN: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 71

TABLE 54 JAPAN: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 71

TABLE 55 INDIA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 72

TABLE 56 INDIA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 72

TABLE 57 INDIA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 73

TABLE 58 INDIA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 73

TABLE 59 REST OF ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 74

TABLE 60 REST OF ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027

(USD BILLION) 74

TABLE 61 REST OF ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 75

TABLE 62 REST OF ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 75

TABLE 63 ROW: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 76

TABLE 64 ROW: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 77

TABLE 65 ROW: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 77

TABLE 66 ROW: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 78

TABLE 67 ROW: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 78

TABLE 68 SOUTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 79

TABLE 69 SOUTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027 (USD BILLION) 79

TABLE 70 SOUTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 80

TABLE 71 SOUTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 80

TABLE 72 MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020-2027 (USD BILLION) 81

TABLE 73 MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020-2027

(USD BILLION) 81

TABLE 74 MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 82

TABLE 75 MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020-2027 (USD BILLION) 82

TABLE 76 GENERAL ELECTRIC.: PRODUCTS/SERVICES OFFERED 87

TABLE 77 GENERAL ELECTRIC.: KEY DEVELOPMENTS 87

TABLE 78 SIEMENS AG.: PRODUCTS/SERVICES OFFERED 90

TABLE 79 SIEMENS AG.: KEY DEVELOPMENTS 91

TABLE 80 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES OFFERED 93

TABLE 81 HONEYWELL INTERNATIONAL INC.: KEY DEVELOPMENTS 94

TABLE 82 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES OFFERED 97

TABLE 83 SCHNEIDER ELECTRIC: KEY DEVELOPMENTS 97

TABLE 84 BELDEN INC.: PRODUCTS/SERVICES OFFERED 100

TABLE 85 BELDEN INC.: KEY DEVELOPMENTS 101

TABLE 86 FORTINET, INC.: PRODUCTS/SERVICES OFFERED 104

TABLE 87 FORTINET, INC.: KEY DEVELOPMENTS 105

TABLE 88 CISCO SYSTEMS, INC.: PRODUCT/SERVICES OFFERED 107

TABLE 89 CISCO SYSTEMS, INC.: KEY DEVELOPMENTS 107

TABLE 90 ABB: PRODUCT/SERVICES OFFERED 110

TABLE 91 ABB: KEY DEVELOPMENTS 111

TABLE 92 ROCKWELL AUTOMATION, INC.: PRODUCTS/SERVICES OFFERED 114

TABLE 93 ROCKWELL AUTOMATION, INC.: KEY DEVELOPMENTS 115

TABLE 94 BAE SYSTEMS: PRODUCTS/SERVICES OFFERED 118

TABLE 95 CHECK POINT SOFTWARE TECHNOLOGIES LTD: PRODUCTS/SERVICES OFFERED 121

TABLE 96 CHECK POINT SOFTWARE TECHNOLOGIES LTD: KEY DEVELOPMENTS 122


14 Lsit of Figures

FIGURE 1 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET: MARKET STRUCTURE 19

FIGURE 2 RESEARCH PROCESS OF MRFR 21

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 24

FIGURE 4 DRO ANALYSIS OF GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET 26

FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET 28

FIGURE 6 RESTRAINT IMPACT ANALYSIS: GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET 29

FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET 31

FIGURE 8 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SOLUTION, 2020 (% SHARE) 35

FIGURE 9 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY CONTROL SYSTEM TYPE, 2020 (% SHARE) 38

FIGURE 10 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY SERVICE, 2020 (% SHARE) 41

FIGURE 11 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY VERTICAL, 2020 (% SHARE) 44

FIGURE 12 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET SHARE, BY REGION, 2020 (%) 46

FIGURE 13 NORTH AMERICA: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020 (%) 47

FIGURE 14 EUROPE: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020 (%) 54

FIGURE 15 ASIA-PACIFIC: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020 (%) 65

FIGURE 16 ROW: INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET, BY COUNTRY, 2020 (%) 76

FIGURE 17 GLOBAL INDUSTRIAL CONTROL SYSTEM (ICS) SECURITY MARKET SHARE, 2020 (%) 84

FIGURE 18 GENERAL ELECTRIC: TOTAL REVENUE, 2015–2020 (USD MILLION) 86

FIGURE 19 GENERAL ELECTRIC.: SEGMENTAL REVENUE SHARE, 2020 (%) 86

FIGURE 20 GENERAL ELECTRIC.: REGIONAL REVENUE SHARE, 2020 (%) 87

FIGURE 21 GENERAL ELECTRIC.: SWOT ANALYSIS 88

FIGURE 22 SIEMENS AG: TOTAL REVENUE, 2015–2020 (USD MILLION) 89

FIGURE 23 SIEMENS AG.: SEGMENTAL REVENUE SHARE, 2020 (%) 90

FIGURE 24 SIEMENS AG.: REGIONAL REVENUE SHARE, 2020 (%) 90

FIGURE 25 SIEMENS AG.: SWOT ANALYSIS 91

FIGURE 26 HONEYWELL INTERNATIONAL INC.: TOTAL REVENUE, 2015–2020 (USD MILLION) 92

FIGURE 27 HONEYWELL INTERNATIONAL INC.: SEGMENTAL REVENUE SHARE, 2020 (%) 93

FIGURE 28 HONEYWELL INTERNATIONAL INC.: REGIONAL REVENUE SHARE, 2020 (%) 93

FIGURE 29 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 95

FIGURE 30 SCHNEIDER ELECTRIC: TOTAL REVENUE, 2015–2020 (USD MILLION) 96

FIGURE 31 SCHNEIDER ELECTRIC: SEGMENTAL REVENUE SHARE, 2020 (%) 96

FIGURE 32 SCHNEIDER ELECTRIC: REGIONAL REVENUE SHARE, 2020 (%) 97

FIGURE 33 SCHNEIDER ELECTRIC: SWOT ANALYSIS 98

FIGURE 34 BELDEN INC.: TOTAL REVENUE, 2015–2020 (USD MILLION) 99

FIGURE 35 BELDEN INC.: SEGMENTAL REVENUE SHARE, 2020 (%) 99

FIGURE 36 BELDEN INC.: REGIONAL REVENUE SHARE, 2020 (%) 100

FIGURE 37 BELDEN INC.: SWOT ANALYSIS 102

FIGURE 38 FORTINET, INC.: TOTAL REVENUE, 2015–2020 (USD MILLION) 103

FIGURE 39 FORTINET, INC.: SEGMENTAL REVENUE SHARE, 2020 (%) 104

FIGURE 40 FORTINET, INC.: REGIONAL REVENUE SHARE, 2020 (%) 104

FIGURE 41 FORTINET, INC.: SWOT ANALYSIS 105

FIGURE 42 CISCO SYSTEMS, INC.: TOTAL REVENUE, 2015–2020 (USD MILLION) 106

FIGURE 43 CISCO SYSTEMS, INC.: SEGMENTAL REVENUE SHARE, 2020 (%) 107

FIGURE 44 CISCO SYSTEMS, INC.: REGIONAL REVENUE SHARE, 2020 (%) 107

FIGURE 45 CISCO SYSTEMS, INC.: SWOT ANALYSIS 108

FIGURE 46 ABB: TOTAL REVENUE, 2015–2020 (USD MILLION) 109

FIGURE 47 ABB: SEGMENTAL REVENUE SHARE, 2020 (%) 110

FIGURE 48 ABB: REGIONAL REVENUE SHARE, 2020 (%) 110

FIGURE 49 ABB: SWOT ANALYSIS 111

FIGURE 50 ROCKWELL AUTOMATION, INC.: TOTAL REVENUE, 2015–2020 (USD MILLION) 112

FIGURE 51 ROCKWELL AUTOMATION, INC.: SEGMENTAL REVENUE SHARE, 2020 (%) 113

FIGURE 52 ROCKWELL AUTOMATION, INC.: REGIONAL REVENUE SHARE, 2020 (%) 113

FIGURE 53 ROCKWELL AUTOMATION, INC.: SWOT ANALYSIS 115

FIGURE 54 BAE SYSTEMS: TOTAL REVENUE, 2015–2020 (USD MILLION) 116

FIGURE 55 BAE SYSTEMS: SEGMENTAL REVENUE SHARE, 2020 (%) 117

FIGURE 56 BAE SYSTEMS: REGIONAL REVENUE SHARE, 2020 (%) 117

FIGURE 57 BAE SYSTEMS: SWOT ANALYSIS 119

FIGURE 58 CHECK POINT SOFTWARE TECHNOLOGIES LTD: TOTAL REVENUE, 2015–2020 (USD MILLION) 120

FIGURE 59 CHECK POINT SOFTWARE TECHNOLOGIES LTD: SEGMENTAL REVENUE SHARE, 2020 (%) 121

FIGURE 60 CHECK POINT SOFTWARE TECHNOLOGIES LTD: REGIONAL REVENUE SHARE, 2020 (%) 121

FIGURE 61 CHECK POINT SOFTWARE TECHNOLOGIES LTD: SWOT ANALYSIS 122

Global Industrial Control System (ICS) Security Market- Competitive Landscape


Market Research Future includes following key players for industrial control system (ICS) security market research study: Siemens AG, General Electric, ABB, Schneider Electric, Honeywell International Inc., Cisco Systems Inc., Rockwell Automation Inc., BAE Systems, Belden Inc., Fortinet Inc., and Check Point Software Technologies Ltd.


The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors. The major players holding prominent position in the industrial control system (ICS) security market are Siemens AG, General Electric, ABB, Schneider Electric, and Honeywell International Inc.


According to MRFR analysis, Siemens AG is currently leading the global industrial control system (ICS) security market with 9.7% market share. Siemens AG is a technology-based company, which operates in the fields of automation, digitalization, and electrification. It offers products and services for building technologies, drive technology, energy, healthcare, industrial automation, mobility, financing, services, software, and consumer products.  Siemens strategizes to capitalize on the growing demand for greener, safer, and more sustainable business solutions. It enhances its productivity through automation and increasing customer proximity via strategic localization of capacity and R&D infrastructure for the low-voltage product solutions to meet the growing demand for energy efficient solutions.


General Electric has currently occupied the second position in the global industrial control system (ICS) security market with 8.8% market share. General Electric is an American multinational conglomerate that operates through seven business segments, namely aviation, healthcare, lighting, oil & gas, power, renewable energy, and transportation.  The company is considering partnerships and collaboration with leading world power providers and governing authorities. The company is enhancing the product development activities to offer safe, high-quality and innovative products. The company is focusing on the development of cybersecurity related products to cater to the increasing cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted computer crime, which pose a risk to systems, networks, products, solutions, services and data.


ABB has currently occupied the third position in the global industrial control system (ICS) security market with 7.7% market share. ABB is engaged in the business of electrification products, industrial automation, power grids, utilities services, and transport & infrastructure services. It offers control room solutions, communication networks, drives, high voltage products, low voltage products and systems, measurement and analytics, mechanical power transmission, and medium voltage products. The company has been integrating electrification products and global manufacturing capabilities in developing new technologies. This is mainly done to optimize costs, expand customer base and exhibit ABB diverse capabilities and enter specific international markets.


Schneider Electric has currently occupied the fourth position in the global industrial control system (ICS) security market. The company believes in partnership with large companies to deliver real-time control and operational efficiency. It offers solutions for various industries, namely automotive, banking & finance, cloud & service, commercial real estate, data center & networks, electric utilities, food & beverages, healthcare, marine, metals, mining, and oil & gas. Schneider Electric focuses on increasing investment for energy management and automation solutions at a global level. It considers the key emerging countries of Asia and Europe for expansion. It is committed to offer solutions based on digitization through a network of partners. It plans to undertake strategic collaborations and partnerships with leading companies for distribution. Schneider Electric further strategizes to enhance operational efficiency through cost-efficiency initiatives.


Honeywell International Inc. has currently occupied fifth position in the global industrial control system (ICS) security market. The company is concentrating on the development of ICS security products and services and have launched cybersecurity consulting services designed to help industrial and critical infrastructure customers identify and eliminate dangerous security weaknesses in 2018. It has focus on high-growth business opportunities in attractive industrial end markets, each aligned to exemplary cybersecurity, energy efficiency, infrastructure investment, urbanization, and worker safety. The company has been considering expansion in Asian countries such as China and India by investing in product development and mergers and acquisitions in order to increase the market share.