Market Highlights:
Industrial control system (ICS) is an assembly of systems, industrial devices, networks, and industrial controls are used to automate and operate the industrial processes. ICS is an integration of hardware and software facilitated with network connectivity to support the essential systems, assets, and processes. Industrial control systems are primarily used in the power generation, transmission, and distribution to collect and analyze the data for the proper functioning of systems and processes.
The emergence of the Internet of Things (IoT) is driving several industries to adopt the advantages of Internet connectivity which enhances the use of smart-grids and smart manufacturing. However, enterprises are adopting IoT as Internet connectivity reduces the number of on-site workers, to monitor the condition of machinery which further reduces cost.
Industrial control systems are adopting new technologies and software to improve the overall functionality of the system. However, industries are facing security challenges related to emerging technologies such as Internet of Things (IoT), and cloud computing due to the increasing frequency of cyber-attacks on ICS organizations. Such attacks affect the critical infrastructure, for instance, WannaCry’s attack affected UK’s National Health Service, Shamoon cyber-attack on Saudi Aramco wiped thousands of computer hard drives, which is a major threat to the industrial control system market.
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Major Key players
The prominent players in the Industrial control system market are ABB Ltd (Switzerland), Schneider Electric (France), Honeywell International Inc (US), Siemens AG (Germany), Rockwell Automation (US), Omron Co (Japan), Emerson Electric Co (US)., General Electric Co (US), Yokogawa Electric Co (Japan), Alstom (France)
Regional Analysis
The regional analysis of Industrial Control Systems market is being studied for region such as Asia pacific, North America, Europe and Rest of the World.
North America is expected to dominate the industrial control systems market during forecast period. Increasing adoption of industrial control systems by various enterprises across the region increases the market share of North America region. However, the market in Asia Pacific is expected to grow at a faster rate due to increasing industrial automation in growing economies such as China, Japan, and India.
Industry News
June 22, 2018 Rockwell Automation’s New FLEX 5000 I/O Modules Helps to Bring Greater Productivity and Flexibility to a Connected Enterprise:
Rockwell Automation launches New FLEX 5000 input /output Modules which helps in Bringing the Greater Productivity and Flexibility to a Connected Enterprise. The new developed platform is designed to provide higher-speed connectivity and expanded bandwidth to deliver increased amounts of data back to the controller, which can help to better future-proof control systems for a Connected Enterprise.
June 13, 2018 Siemens and Sartorius Stedim Biotech agree on long-term cooperation in the area of automation:
Sartorius Stedim Biotech will mostly use Siemens automation technologies, which includes industrial PCs, TIA Portal, S7-1500 software controller, and SCADA system.
May 5, 2018 Honeywell Announces Multi-Site Industrial Cyber security Solution to Meet Needs of Connected Operations:
Honeywell launches ICS Shield™ software solution for industrial control systems cyber security which combines and Manages with Security Services to protect connected sites from evolving cyber threats.
Segmentation
On the basis of type, the market is segmented into Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), and Supervisory control and Data Acquisition (SCADA).
On the basis of security solution, the market is segmented into Firewalls, DDOS, Encryption, and DBMS.
On the basis of Application, the market is segmented into manufacturing, oil and gas, power generation, logistics and transportation, food and beverages, water and waste management.
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Intended Audience
- Industrial control system companies
- Manufacturers
- Software developers
- Electronic Sensor suppliers
- Industrial Internet of Thing specialist
- Investors
- Governments
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