News - Full StoryIndustrial Control Systems Security Market to grow by USD 8.72 billion | Evolving Opportunities with ABB Ltd. & AO Kaspersky Lab emerge|17000+ Technavio Reports
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The industrial control systems security market is expected to grow by USD 8.72 billion from 2020 to 2025. Technavio's latest market research report estimates that the industrial control systems security market will be progressing at a CAGR of 7.30%. Some of the major vendors of the industrial control systems security market include ABB Ltd., AO Kaspersky Lab, BAE Systems Plc, Broadcom Inc., Cisco Systems Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corp., Palo Alto Networks Inc., and Raytheon Technologies Corp.
Industrial Control Systems Security Market 2021-2025: Drivers & Challenges The industrial control systems security market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The factors such as increasing smart grid deployments in the power sector and the growing need to improve security offer immense growth opportunities. However, factors such as the lack of enforceable security laws may threaten the growth of the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Industrial Control Systems Security Market 2021-2025: Scope The report also covers the following areas:
Industrial Control Systems Security Market 2021-2025: Segmentation
Oil And Gas
Chemicals And Mining
Industrial Control Systems Security Market 2021-2025:Key Regions & Revenue Generating Segment 33% of the industrial control systems security market growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial control systems security in APAC. Factors such as the increase in investments in various industrial sectors, including energy and manufacturing are accelerating the industrial control systems security market growth in APAC.
The industrial control systems security market share growth by the oil and gas segment will be significant for revenue-generating. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the industrial control systems security market size.
Industrial Control Systems Security Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist industrial control systems security market growth during the next five years
Estimation of the industrial control systems security market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the industrial control systems security market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of industrial control systems security market vendors
Related Reports: Batch Control Systems Market -The batch control systems market size is expected to grow by $ 1.37 bn and record a CAGR of 4% during 2021-2025. Download a free sample report!
Building Automation and Control Systems Market -The building automation and control systems market value is projected to grow by USD 17.25 billion at a CAGR of 6.15% during 2021-2025. Download a free sample report!!
Industrial Control Systems Security Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.30%
Market growth 2021-2025
USD 8.72 billion
YoY growth (%)
North America, APAC, Europe, South America, and MEA
Performing market contribution
APAC at 33%
Key consumer countries
US, China, Germany, Japan, and UK
Leading companies, competitive strategies, consumer engagement scope
ABB Ltd., AO Kaspersky Lab, BAE Systems Plc, Broadcom Inc., Cisco Systems Inc., Fortinet Inc., Honeywell International Inc., International Business Machines Corp., Palo Alto Networks Inc., and Raytheon Technologies Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.