The Asia-Pacific Industrial Control System Security Market is estimated to grow at a CAGR of around 8.8% during the forecast period, i.e., 2024-30.
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Key Findings of the Study: Asia-Pacific Industrial Control System Security Market
Asia-Pacific Industrial Control System Security Market Driver: Increasing Security Threats to Critical Infrastructure Amplify Demand for Adequate ICS Security Solutions
Nations, such as India, China, etc., have become hotspots for data breach incidents and industrial control systems are becoming prime targets due to their critical role in national & economic security. In recent years, the incidence rates of cyberattacks have been on a significant rise, prompted by technological advancements and increased connectivity in industrial environments. Thus, nations like Japan, South Korea, and Australia, which have large industrial bases have reported multiple cyber interruptions aimed at disrupting critical infrastructure operations.
These incidents have highlighted the urgent requirement for robust ICS security solutions to shield essential services like electricity, water supply, and public transportation from crippling cyberattacks. Hence, the rising prevalence of cybersecurity threats has positively supported the growth of the Asia-Pacific ICS Security Market during the historical years. Moreover, governments and private sector entities are increasingly prioritizing investments in advanced cybersecurity technologies and frameworks to safeguard their operational technologies (OT) from such threats. For instance,
- In 2024, the Chinese Ministry of Industry and Information revealed a strategy to enhance data security within the nation’s industrial realm. This reformative plan laid by the governing body targets the elimination of ‘major risks’ by the end of 2026 and encompasses measures like conducting emergency drills simulating ransomware assaults and providing data security training.
Hence, these efforts have resulted in the adoption of cutting-edge security solutions & the implementation of stringent regulatory requirements and guidelines for cybersecurity practices. Also, countries like Singapore, China, Australia, etc., have introduced specific cybersecurity laws that mandate critical infrastructure sectors to adopt enhanced security measures and conduct regular audits. Hence, with increasing governmental efforts to reduce the risks of cybersecurity attacks across industrial setups, the demand for ICS security solutions would escalate in the coming years.
Scope of the Report and Asia-Pacific Industrial Control System Security Market Segmentation
By Type of Security
End Point
-Network
-Application
-Content & Database
-Security Analytics
- Network security held a significant share of the Asia-Pacific Industrial Control System Security Market.
By Component
-Services
–Managed Security
–Support & Maintenance
–Incident Response
–Consulting & Integration
–Others
-Solutions
–Antivirus
–Firewall
–Intrusion Detection & Prevention
–Encryption
–Security and Vulnerability Management
–Identity and Access Management
–Security Configuration Management
–Others
By End Users
-Manufacturing
–Pharmaceuticals
–Automotive
–Construction & Mining
–Chemicals
–Others
-Power & Utilities
–Oil & Gas
–Electricity Generation & Distribution
–Coal
–Wind
–Hydropower
–Bioenergy
–Solar
–Water & Waste Water
–Others
-Transport Infrastructure
–Road Transport
–Railways
–Waterways and Air Traffic
-Others
Top leading companies in the Asia-Pacific Industrial Control System Security Market includes:
ABB, Honeywell, Cisco, Intel, Check Point, Symantec, Sophos, Schneider Electric, Kaspersky, BAE System, Palo Alto, Waterfall, Fortinet, Belden, Juniper Networks, Inc., and others
For more detailed information about the Asia-Pacific Industrial Control System Security market report, click here – https://www.marknteladvisors.com/research-library/asia-pacific-industrial-control-system-security-market.html
Geographical analysis:
India
China
South Korea
Japan
Australia
Rest of Asia-Pacific
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