Industrial Control Systems Market Set for Rapid Growth, Trend and Demands 2017 to 2024
Date: 2018-10-31   Author: Ronak Bora  Category: #technology

Industrial Control Systems Market Set for Rapid Growth, Trend and Demands 2017 to 2024

The Industrial Control Systems Market is segmented based on products, solutions, services and end-users. Commonly used ICS products are process control systems (PCS), distributed control system (DCS) and supervisory control and data acquisition (SCADA). These solutions obtained the data from the end-point equipment and show it in an arranged manner. Several businesses and government administrations globally are using these systems to protect their infrastructure from spammers, foreign intelligence, and terrorists, to stop them from gaining control or altering the company infrastructures, thereby propelling the ICS market growth.

(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. 

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Increasing demand for digitization, connectivity and innovative technologies are further contributing to the Industrial Control Systems 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 industry growth. In addition, high implementation expenses for ICS in industries is expected to limit the growth of the ICS market.

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SCADA solutions are providing operators real-time data along with the capability for monitoring remote process over large distance. They are suitable for industries such as oil & gas, power, energy, chemicals where the facilities are located far away and operation is conducted remotely. The SCADA segment is anticipated to gain momentum over the forecast timeframe as it helps in gathering, monitoring and analyzing data with machine interaction connected via human machine interface (HMI) software’s thereby providing an impetus to the Industrial Control Systems Market growth.

Based on solutions, the ICS market is classified into data loss prevention, database activity monitoring, SCADA encryption, Firewall, Antivirus, unified threat management (UTM), virtualization security and distributed denial of services (DDoS). The data loss prevention software helps in identifying potential security breaches and provides advanced threat protection techniques with increased visibility and control while data base activity monitoring is used for remotely monitoring and analyzing database activities and is an essential tool for preventing attacks against sensitive and confidential data bases. UTM solutions can perform multiple security functions such as web filtering, application control, data loss prevention, antivirus, VPN and reduces the complexity in networks, which is expected to assist the ICS market growth over the forecast timeline.

End-users in the Industrial Control Systems Market are customers from the critical infrastructure industries such as oil & gas, power, energy, manufacturing, chemical, nuclear. The ICS market is expected to show potential growth opportunities in the oil & gas industry. The ICS solutions find wide range of applications in exploration, extraction, maintenance and refining. SCADA solutions are been used in exploration and maintenance in the oil & gas industry. They are useful in finding formations below the ground before drilling activity which can be analyzed to determine the drilling ground and for maintaining the drill speed. While for maintenance these solutions are used in inspection of pipeline, where the data is relayed back through industrial control, by identifying the need of maintenance and speeding up the repair process.

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.

ICS market players are IBM Corporation, ABB Group, Cisco Systems, Fortinet Inc., Juniper Networks Inc., EMC Corp., Kaspersky Lab, Microsoft Corp., CSC Corp., Hewlett-Packard Corp., Brocade Communications Systems, Lockheed Martin, and Symantec Corp. To expand its services in data security and anti-malware solutions, companies are looking for mergers & acquisitions in the Industrial Control Systems Market. For instance, Cisco Systems acquired Sourcefire, an intelligent cybersecurity solutions company to offer constant advanced threat prevention along with development of advanced malware protection and intrusion prevention systems. Lockheed Martin acquired Industrial Defender, a cyber security solution firm to expand its operations in the critical infrastructure industries such as oil & gas, chemical industries.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.


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