NA ICS Market Size

North America Industrial Control Systems Market Analysis

The North America Industrial Control System Market is anticipated to grow with a CAGR of 3.2% during the forecast period of 2021- 2026. Adopting rapid digital transformation strategies due to COVID-19 has instantly increased the need for security, followed by other issues such as performance, availability, security, and increased IT costs, necessitating Industrial Control Security solutions and services. COVID-19 has increased the focus of ICS on the use of the internet in its operations. This is increasing the importance of Industrial Control Security. Due to advantages such as interconnectivity and better management, Industrial Control Security solutions and services witnessed an increased demand during the pandemic.

• There is a growing demand for automation and customized service solutions in industrial applications. The advent of technology over the past few years has enabled the coupling of mechanical devices with computer-based systems to operate and control production; this has resulted in the development of automated equipment capable of significantly higher production rates, effortless monitoring, and reduced wastage over traditional machines.
• The rising cost of labor, coupled with the immense pressure on manufacturers to meet deadlines, has resulted in the increased adoption of automation in factories. Additionally, improved efficiency and reduction in production costs compared to the conventional manufacturing process are boosting the adoption of automation, which is acting as a driver for industrial controls.
• The connectivity of networks in the manufacturing process and efficiency in production by automation are expected to change the traditional business operations and create ample opportunities in the future.
• The manufacturing sector is a crucial aspect of the region's GDP, indicating economic health. The market for industrial controls is undergoing significant transformations in North America.
• According to the Department of Homeland Security (DHS), 85% of the critical infrastructure in the US, such as oil & gas, banking and finance, transportation, utilities, electric power grids, and defense, are owned by the private sector, and the public sector regulates the rest. For example, the energy and power grid sector in the region requires public, private, and regulatory cooperation among DHS, the Department of Energy (DOE), and the Department of Defense (DOD) for protecting their Operational Technology (OT) and ICS systems from cyber threats. Moreover, this region is witnessing the widespread adoption of cloud-based ICS security solutions and services.