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Global Market
2020: Industry Cyber Security Market Estimated at $15.2 Billion
Global spending on equipment, software and services used to protect industrial systems reached $15.2 billion in 2020, ResearchAndMarkets analysts calculated. They released their data in November 2021.
The United States is named the largest market for cybersecurity solutions in the industrial sector - they accounted for 31.11% of sales in 2020. The study also says that the United States, Canada, Japan, China and Europe in 2020 accounted for $2.7 billion in equipment sales.
The following companies (listed in alphabetical order) are named the leaders of the world market of solutions for ensuring information security of industrial enterprises:
- ABB;
- Bayshore Networks;
- Broadcom;
- Cisco;
- CyberX;
- Forescout Technologies;
- Honeywell International;
- IBM;
- Tenable;
- Kaspersky Lab;
- McAfee;
- Rockwell Automation;
- Schneider Electric.
According to experts, the coronavirus pandemic COVID-19 has increased the need for remote management of industrial facilities and production plants around the world. The serious economic consequences of the epidemic forced enterprises to reconsider their budgets. The move away from home required a set of procedures and security tools to ensure that industrial facilities could perform remote operations.
For manufacturers, the importance of cybersecurity has grown significantly, as industrial companies connect factory-level devices and software to corporate systems that have access to the Internet.
Industrial Internet of Things (IIoT) has significantly strengthened the work of production plants. However, at the same time, he discovered many new vectors of possible cyber attacks. The growing transfer of data from enterprises can increase the vulnerability of localized networks, researchers warn.
Such new loopholes are used by criminals to steal confidential information, such as intellectual property, for subsequent blackmail.
The ResearchAndMarkets notes that against the background of an increased level of cyber threats in the industrial sector, enterprises are increasingly investing in the deployment of a wide range of security solutions, such as firewalls, antivirus and intrusion detection systems (IDS), to protect assets and prevent any malfunctions due to cyber incidents. The costs of security devices and software solutions for ensuring the security of industrial control systems networks, critical infrastructure facilities and data centers are also increasing.
An increase in state funding and the costs of organizations to combat cyber threats will continue to provide favorable opportunities for the growth of the industrial cybersecurity market, experts are sure.
The growing adoption of big data, 5G networks and artificial intelligence in industrial also has a positive impact on the market.
The highest growth rate (+ 7.3% per year) is expected in the services segment for information security of industrial enterprises. Their costs by 2026 will be measured at $10 billion. In the segment of software for ensuring information security of industrial networks, annual growth is projected by 6.3%.
Companies in 2020 were actively moving to a business model of cybersecurity as a service (CSaaS), which is a service approach to cybersecurity, when pricing policies as they are used and subscription plans allow businesses to benefit from continuous monitoring and assessment of threats in the industrial environment.[1]
USA
2017: Market volume reached $1.5 billion
The safety market for industrial systems over the coming years will grow by an average of 26% per year and in 2024 will pass the mark of $7.5 billion - such a forecast was published in June 2018 by the consulting company Global Market Insights. According to her, in 2017, turnover in this market amounted to $1.5 billion.
This market sector shows rapid growth due to the active technological development of the industrial Internet of Things (IIoT), on the one hand, as well as the abundance of detected vulnerabilities in IIoT equipment, experts say. Between 2015 and 2017, the number of vulnerabilities identified in Industrial Control Systems (ICS) sharply increased, with about 30% of them coming from APCS systems and distributed control systems, 28% from network equipment used in industry.
 | In 2017, the number of vulnerabilities in the development of the largest manufacturers of industrial controllers was 197, while in 2016 there were only 115. As a result, demand for security protection solutions for ICS systems has increased. State initiatives to improve the security of nationwide critical infrastructure are expected to lead to an increased understanding of how much it is necessary to strengthen the security of industrial controllers against cyber attacks, the Global Market Insights said in a statement. |  |
Analysts predict that the largest annual increase (35%) will be due to the service sector of the industrial security market: due to the constant improvement of cyber threats, industrial operators will have to constantly improve their own cyber protection tools, which means that the demand for managed services, as well as consulting and system integrator services will actively grow.
A high level of growth is also expected in the segment of identification and prevention of unauthorized access (25%), the segment of network protection (26%) and in the field of protection of transport systems.
The forecast of Global Market Insights concerns only the American market for protecting industrial systems, but demand growth will also be associated with active urbanization and industrialization in such fast-growing regions as India and China, the company said.[2]
| | The safety of industrial systems over the past few years has been one of the most pressing topics. Experts have long warned that the degree of security APCS does not meet modern challenges, and a series of incidents encoder NotPetya with confirmed this thesis, "said Oleg Galushkin, an expert on the information security company. - SEQ (formerly SEC Consult Services) It is only natural that after attacks on large industrial enterprises, their operators began to pay more attention to the issue of cyber defense, and governments began to insist on strengthening the protection of APCS in critical infrastructure. Together, this means an inevitable increase in investment in cyber defense of industrial systems and accelerated market growth. | |
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