Global Industrial Control Systems Market Overview –
The value of the global industrial control systems market was estimate to be 126.3 billion US dollars in 2018. It is anticipate that it will expand at a compound annual growth rate of 8.6 percent over the period of the forecast, which runs from 2019 to 2025.
Because of the significant rise in the number of cyberattacks launcher against the ICS that has been install, the market for industrial control systems is experiencing a growing demand for technology that will assist it in complying with existing regulations and developing new regulations that will be beneficial to the expansion of the industrial control systems market on a global scale during the forecast period that will end in 2026. During the course of the current forecast period, growing incentives to promote the necessity of protecting data from cyber threats combine with leaks and misuse have beneficial prospects for the Industrial Control Systems Market. In addition, governments that are active in a variety of regions all over the world are currently formulating, selecting, and publicising regulatory compliances that are likely to be of assistance to the operations of the market during the period.
Market Dynamics –
This presents numerous lucrative opportunities for M2M communication and the Industrial Internet of Things. Therefore, an ICS consists of a number of devices that are embedder in a heterogeneous landscape and that communicate with both each other and with the platform when it is enable with digital technologies. Technologies that are base on the IIoT are utilize extensively across a variety of industries, including production, energy, oil and gas, metals and mining, healthcare, and transportation systems, to name a few.
Control systems are ultimately essential to the transformation and evolution of these verticals, which took place as a direct result of technological advancements in industrial automation and robotics. It is anticipate that government initiatives like Industry 4.0 in Germany and Plan Industrial in France will fuel the growth of IIoT solutions, which will, in turn, boost the demand for ICS security solutions and services over the next few years. The occurrence of a severe cyber incident may result in significant financial losses, damage to the company’s brand, a decrease in customer trust, the theft of intellectual property, concerns regarding safety, and even the loss of a life.
COVID 19 Analysis –
This adoption is taking place in collaboration with the government. The newly discoverer methods of digitally carrying out the transactions are include in the plans for the continuation of business operations and can be utilize by a variety of market participants.
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The ever-increasing leaning and dependence toward the extensive and in-depth use of digital technologies, which have been raise from the concepts relate to ICS solutions, are driving for the development of measures to seek protection from cyber-attacks.
Market Scope –
The report title “Global Industrial Control Systems Security Software Market Analysis to 2028” is a specialize and in-depth study of the industrial control systems security software market, with a particular emphasis on the analysis of the trends that are prevalent in the global market. The purpose of this report is to provide an overview of the market for security software for industrial control systems along with a detail segmentation of the market base on the types of software, services, solutions, and end users. The report offers key trends and opportunities in the industrial control systems security software market and provides key statistics on the market status of the leading players in the market for industrial control systems security software.
Key Players –
Honeywell International Inc
Aspen Technology Inc.
Emerson Electric Company
Rockwell Automation, Inc
General Electric Co
Mitsubishi Electric Corporation
Yokogawa Electric Corporation
By Type –
Industrial Control Systems
Manufacturing Execution System (MES)
Enterprise Resource Planning (ERP)
Product Lifecycle Management (PLM)
By Applications –
Aerospace and defense
Chemical & Petrochemical
Food & Beverages
By Regions –
Middle East & Africa