Industrial Control Systems Market Update, Analysis and Forecast Report, 2017 – 2024: Global Market Insights Inc.
Drivers of Industrial Control Systems Market growth including regional trends, factors driving multiple segments of XYZ industry and companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc. (ICS) Industrial Control Systems Market size is anticipated to witness growth over the forecast timeline, owing to the increasing number of security breaches and growing implementation of cloud computing services in various industrial sectors. Need for continuous network and traffic behavior monitoring in the industrial sectors for identifying anomalies in networks pertaining to cyber-attacks is offering significant growth opportunities for the ICS market. The U.S. ICS market is expected to dominate the industry owing to the presence of several security providers such as Cisco, IBM, and CSC. MEA region is providing significant growth opportunities for the industry due to the huge investments by government administrations in the development of several security solutions such as DDoS, SCADA encryption, anti-virus, firewall.
Increasing demand for digitization, connectivity and innovative technologies are further contributing to the ICS market growth. The ICS market has enormous potential to expand due to industrial internet, enhanced operator experiences and user interface. Extensive investments by industries in the R&D of industrial control systems, and growing smart grid deployments for the protection of critical infrastructure from cyber-attacks are creating significant growth opportunities for the ICS market growth. In addition, growing demand for cloud services is offering high scope for the industry. Organizations are continuously innovating solutions to help improvise the control and monitoring techniques for the systems which is offering real-time visibility to determine suspicious behavior and take required action. As the frequency of cyber-attacks on critical infrastructure is increasing day by day, the industry is anticipated to gain momentum over the coming years. Due to the unavailability of authentication procedures in many industries, protecting the ICS networks from both internal and external threats is a major issue. During operational malfunctioning, it is challenging to analyze whether it is being caused by human-error, security-breach or machine failures. Factors such as lack of skilled professionals, and awareness regarding industrial security solutions may hinder the
1|Page