Industrial Control Systems Security Software

Industrial Control Systems Security Software

Global Industrial Control Systems Security Software Market to Reach $16.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Industrial Control Systems Security Software estimated at US$11.9 Billion in the year 2020, is projected to reach a revised size of US$16.8 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Power Generation, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$7.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transportation segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 4.8% CAGR

The Industrial Control Systems Security Software market in the U.S. is estimated at US$3.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Water Treatment Segment to Record 4.7% CAGR

In the global Water Treatment segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2027.

Select Competitors (Total 38 Featured) -

• Boeing Company, The
• Booz Allen Hamilton
• Broadcom Ltd.
• Citrix Systems, Inc.
• Computer Science Corporation
• Dell EMC
• F-Secure Corporation
• Hewlett-Packard Development Company LP
• IBM Corporation
• IBM Corporation
• Kaspersky Lab
• L-3 Communications Holdings, Inc.
• McAfee LLC
• Microsoft Corporation
• Northrop Grumman Corporation
• Radware Ltd.
• SAIC Inc.
• Symantec Corporation
• Trend Micro, Inc.

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