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Industrial Control Systems Market – How the Business Will Grow in 2024?

Author : Ronak Bora | Published Date : 2019-05-30 

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 industrial control system market growth.

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Based on solutions, the industrial control systems 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 market growth over the forecast timeline.

The U.S. industrial control systems 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.

Global (ICS) Industrial Control Systems Market 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 industrial control system market.

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Increasing demand for digitization, connectivity and innovative technologies are further contributing to the industrial control systems market growth. The industrial control system 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 industrial control system market growth. In addition, growing demand for cloud services is offering high scope for the industry.

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 industrial control system 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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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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