The Global ICS Security Market size is expected to reach USD 34.64 Billion in 2030 and register a revenue CAGR of 8.5% over the forecast period, according to latest report by Reports and Data. Growing use of industrial systems and digital technologies is one of the key factors expected to drive market revenue growth during the forecast period.
Demand for managed security services to handle complex vulnerabilities in industrial control systems is gradually increasing, which can offer attractive prospects and drive revenue growth of the global ICS Security market during the forecast period. Small and medium-sized enterprises (SMEs) lack various essential cyberinfrastructures for relatively secure operations, while major enterprises need managed security services. Cyber attackers and hackers are taking advantage of the lack of security knowledge among employees to extract sensitive information of firms. Cybersecurity training, solving issues and incidents, and protocols are considered a hassle by the general workforce, and therefore, unless employees become aware of security protocols as business imperatives, firms will be vulnerable in some way or other despite a powerful infrastructure. These factors are expected to open up lucrative opportunities for the global ICS Security market.
Growing use of industrial systems and digital technologies is increasing demand for ICS Security. The advancing technological landscape is creating a global revolution in various industry verticals, which is leading to merging of digital technology and industrial systems into a unified ecosystem. This is opening up lucrative possibilities for the Machine to Machine (M2M) communication and the Industrial Internet of Things (IIoT). IIoT-based technologies are widely used across several verticals, such as energy, manufacturing, metals and mining, transportation, oil and gas, and healthcare systems.
However, the complexity of installing and upgrading security systems is expected to hamper revenue growth of the market during the forecast period. Some organizations are reluctant to implement ICS Security solutions in their workplaces due to the high cost and complexity of installation, up-gradation, and maintenance, which is hindering revenue growth of the market.
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Table of Contents:
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Top 10 Companies Operating in the Global Current Sense Amplifier Market:
- ABB Group,
- Airbus SE,
- Siemens AG,
- Honeywell International Inc.,
- Cisco Systems Inc.
- Others
Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies undertaken by these players
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