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MarkNtel Advisors Global Industrial Control System (ICS) Security Market Analysis 2020 - Sample PDF
MarkNtel Advisors Global Industrial Control System (ICS) Security Market Analysis 2020 - Sample PDF
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope of Work
Sample Pages 25
Commercials 44
By Company
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope Of Work
Sample Pages 25
Commercials 44
Impact on Industries
A rough scan of the industries have revealed that adoption of These emerging technologies are significantly
cloud services and IT consolidation have been the top priority for impacting the whole range of industry sectors.
most global organizations, closely followed by the use of However, as a result of increased adoption of these
enterprise mobility, collaboration and social media platform technologies, security concerns across industries have seen
an unprecedented rise in recent times
In most developed economies, given the abundance of funds to lock off large investments, the greater demand for technology and
internet-led digital infrastructures, mobile penetration, and a thriving online services market render a very fragile environment that is
highly susceptible to cyber attacks
CAGR
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Source: MarkNtel Advisors
• An exponential growth can be anticipated in the Industrial Control System Security market on account of increasing penetration of
automation in the industries worldwide. Increasing investments towards cyber security and IIOT application for enhancing the control
system securities has also resulted into an increased demand for ICS security market across industries such as Oil & Gas, Chemicals, Power
Generation, Wastewater and Mining.
• Increasing number of cyber attack has elevated the market of ICS security that has an adverse impact on the safety and reliability of the
industrial operations. For Instance- In 2016, BlackEnergy and another APT campaign, Sandworm, are the perpetrators behind outages at
two power generation facilities in Ukraine. BlackEnergy and KillDisk are the cyber attacks against mining company and a large railway
operator in Ukraine. The demand for network and end point security system monitoring has increase due to rising attack on ICS security
computer. Moreover, the trend of Bring Your Own Device (BYOD) amongst various organisation has proliferate the adoption of endpoint
security software to reduce the probability of external network threat.
End Point
Network
Security Analytics
• End Point Security: Rising End point security need amongst organization bolstering the market of ICS security, as now days work from
home and bring your own device concept is mounting, making the end point system vulnerable to cyber attack due to lack of security
within endpoint devices. For Instance, 2019, Honeywell Forge has come up with a new Cybersecurity Platform enhance cybersecurity
compliance and strengthen end-point and network security by securely moving the data from one site to another.
• Network Security: Surging cyber threats causes breakdown that adversely affects the business operations, which majorly enter
through the unauthorized network or via phishing e-mail or drive-by downloading, thus to prevented this, the demand for ICS security is
escalating. For Instance, 2017, Renault, French Automotive company was attacked by ransomware, a malware threat that continually
block the access, has affected the companies 10,000 computers in almost 100 countries across the globe.
CAGR
CAGR
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
Source: MarkNtel Advisors
• Augmentation in the cyberattack, increasing organisational investment in industry 4.0, a convergence of Information Technology (IT) and
Operational Technology (OT) and various government initiatives have fuelled up the market for Industrial Control System Security. For
Instance, industry espionage in 2015, International Mineral Resources (IMR) filed a lawsuit claim that their rivals Euro Chem Volga-Kaily
hired New York City law firm, Salisbury & Ryan, to garner the information on IMR after a mining business deal went bad.
• Moreover, Industries such as mining, gas pipeline infrastructure, oil & gas platforms, and power utility infrastructure are majorly prone
to cyber attacks, thus the market of ICS security is expected to grow amongst various industries. U.S regulatory policy, and government
initiatives such as The National Cybersecurity and Communications Integration Centre (NCCIC) under the U.S. Department of Homeland
Security continuously trying to decrease risk of cyberattacks.
CAGR
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
Source: MarkNtel Advisors
• Increasing number of cyber threat incident in the country with a loss of more than USD3 billion each year thus, fueling the market of ICS
security to grow in the forthcoming years. For Instance, In 2016, The Canadian gold-mining firm Goldcorp suffered a major data breach
through corporate espionage. The hackers leaked 14.8GBs of data online by publishing a document on Pastebin. The archive includes
employee PII and financial data.
• Changing Cyber landscape has pushed the government towards the substantial investment in this Cyber security. For Instance:- In Federal
budget 2018-2019, Canada’s National Cyber Security Strategy, have funded USD1 billion in Cyber Security in which USD145mn is allotted
to protect critical cyber system including telecommunication, energy and transport sector. So, the market of ICS security is anticipated to
rise. The escalating in the market of ICS security can be witnessed on account of increasing demand for cloud based service and smart grid
solution to protect the critical infrastructure.
Antivirus
Firewall
Encryption
Others
Source: MarkNtel Advisors
Firewall: It is a network security system that controls, monitors and block threats and internal cyber incident. Moreover, in industrial
infrastructure, it maintain network traffic by examining the data packets to ensure blocking of harmful network traffics. Increasing incident
on energy industry has contributed majorly on securing critical energy distribution network, thus fostering the demand for ICS security in
the forecast timeline.
Intrusion Detection & Prevention: The demand for ICS security is surging on account of rising IT breaches, cyber threats such as
malware and ransomware, and increasing demand for enterprise mobility. Investment in the various sector to improvise their cyber security
influence the market of intrusion detection & prevention solution. For Instance, 2017, Canadian Aerospace had invested USD 1.7 billion in
innovation and R&D, thus emphasizing to adopt advance threat solution system.
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope of Work
Sample Pages 25
Commercial 44