Market Trends of Industrial Control Systems (ICS) Security Industry
This section covers the major market trends shaping the Industrial Control Systems Security Market according to our research experts:
Automotive is Expected to Hold a Significant Share
- ICS offers opportunities to the automotive industry to react faster to the market requirements, reduces manufacturing downtimes, enhances the efficiency of supply chains, and expands productivity.
- Field devices, such as robotics and sensors, and ICS offer opportunities to the auto sector to react faster to market requirements, reduce manufacturing downtimes, enhance efficiency, and expand productivity.
- The automotive industry is among the prominent sectors that hold a significant share of automated manufacturing facilities worldwide. The production facilities of various automakers are automated to maintain efficiency. The rising trend of replacing conventional vehicles with electric vehicles (EVs) is expected to augment the automotive industry's demand further. For instance, IEA states global electric car sales doubled from 3.0 million in 2020 to 6.6 million in 2021.
- Various automotive enterprises are forming partnerships with the ICS providers to upgrade their facilities. For example, S&T Technologies, a provider of IoT software framework, SUSiEtec, and ICONICS signed a collaboration agreement. The contract specifies that S&T Technologies will integrate SCADA capabilities into the SUSiEtec software framework.
- Despite a considerable slowdown in the automotive industry, automotive production facilities led by electric vehicle manufacturers are expected to increase the number of smart/internet-connected ICS solutions installed in a facility, significantly increasing the demand for ICS Security solutions.
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North America is Expected to Hold the Largest Share
- North America has been a pioneer in implementing ICS security solutions. This region has also been extremely responsive to the latest technological advancements, such as integrating cloud and IoT with ICS security solutions to set a holistic secure access mechanism and enforce a security governance framework. The Public-Private Partnerships and international partnerships have led to effective ICS security and resilience in the region.
- According to the Department of Homeland Security (DHS), The private sector owns 85% of critical infrastructure in the United States, including oil and gas, banking and finance, transportation, utilities, electric power grids, and defense. In contrast, the public sector regulates the rest. For instance, the region's energy and power grid sectors require public, private, and regulatory collaboration among DHS, the Department of Energy (DOE), and the Department of Defense (DOD) to protect their operational technology and Industrial Control Systems from cyber threats. Furthermore, cloud-based ICS security solutions and services are becoming increasingly popular in this region.
- Canadian manufacturers rely on innovation and investment in technologies to be competitive. The increasing input, labor cost, and competition from large global manufacturers enabled the country to invest in ICS and allied technologies to remain competitive and maintain its operating margins.
- Furthermore, according to the Government of Canada 2021, the manufacturing industry is estimated to contribute more than 10% to the Canadian GDP. The manufacturing sector is the largest investor in the R&D and implementation of new technologies in Canada.
- Recently, MITRE Corporation released ATT&CK for Industrial Control Systems, a taxonomy of cyber attack behavior targeting ICS. The company was launched to address critical infrastructure operations in manufacturing and utility industries with financial and espionage-motivated attacks and industry awareness.
- However, the country's resistance to regulation and growing complexities in securing ICS systems may act as a roadblock to the passage of critical infrastructure cybersecurity legislation.
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