Analysts predict the growth of the APCS security market in the next years
The main reason for the increased demand on security solutions for industrial enterprises and the growth of the APCS security market is the increase in the number of cyberattacks.
In the next years, the compound annual growth rate (CAGR) of the APCS security market will be 5.81%. Thus, the market will increase from $16.9 billion in 2020 to $22.5 billion in 2025, according to the research company MarketsandMarkets.
Public utilities and manufacturing facilities and factories are exposed to hazards, tampering and unauthorized network access, which jeopardizes their security.
APCS are deployed in smart grids, power plants, electric power infrastructure, oil and gas infrastructure and many other facilities. These systems rely on software packages to develop and operate in real time systems for collecting, processing, displaying and archiving information and monitoring or controlling an object (so-called SCADA systems).
“The introduction of new technologies such as artificial intelligence (AI), the Internet of Things (IoT) and 5G has increased the risk of cyberattacks on ICS and SCADA systems”, – say MarketsandMarkets specialists.
Components such as security software solutions, hardware and applications are critical for fighting cyberattacks. For example, power plant software includes high-speed processes controlled by devices that are designed for emergency protection of industrial equipment and automation. These devices are interconnected to work together, so network security must be maintained across the enterprise.
Typically, network security includes security products and services that are used to detect and prevent cyber threats on computer networks and network resources. Network security solutions include firewalls, intrusion detection and intrusion prevention systems, solutions for encryption, identity and access management, unified threat management, online and e-mail security, antivirus and antispyware software. These solutions help protect data from threats such as SQL injection, cross-site scripting, and DDoS attacks.
“Network devices (routers and industrial Ethernet switches) accounted for 58.6% of the APCS security market in value terms in 2019”, – say analysts.
However, in the next few years, the demand for gateways will grow most rapidly. With the advent of IoT devices, networks have become more susceptible to cyberattacks, which has led to an increase in demand for secure hardware and software.
Gateways help prevent cyberattacks on SCADA systems by providing secure connectivity to information management systems. Gateways help control user access to the network by directly accessing networks in an industrial area. With the advancement of automation and ecosystems, IoT companies are developing smart gateways capable of encrypting and analysing data before sending it outside a defined network or into the cloud for storage.
Let me remind you that I talked about, for example, Security vendor FireEye and US authorities hit by SUNBURST malware attack.