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(I-SoftwareNews.Com, August 13, 2018 ) Market Overview:-
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 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.
Top Key Players:-
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 ICS 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.
Market share calculation in this report is not done based on companies covered in it. The calculation of ICS market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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Regional Segmentations: -
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.
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The ICS 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.
End-users in the ICS 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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: EmailWire.Com 
Source: EmailWire.com
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