- What are the primary security risks facing electric utilities?
- What factors are helping to drive the market for ICS cybersecurity solutions?
- What factors are inhibiting the market potential of ICS cybersecurity solutions?
- What are the most important trends in the ICS cybersecurity space?
- How large will the market for ICS cybersecurity grow?
- Which global regions are experiencing the fastest growth in this market?
4Q 2020
Hardening and Securing Utility Control Systems
Transmission Automation, Distribution Automation, Communications, and Control System Software: Global Market Analysis and Forecasts
One of the key challenges utilities face as they work to keep pace with digital transformation is protecting critical infrastructure security. Although utilities develop more interconnected systems that make the grid smarter, more efficient, and more dynamic, they also introduce cybersecurity vulnerabilities that bad actors may exploit. With more digital, interconnected systems exchanging sensitive data, each attack can have profound consequences—particularly given the convergence of IT and operational technology (OT) systems. Although IT security is well understood among electric utilities, OT security is a relatively new paradigm facing the industry.
Industrial control systems (ICSs) sit at the heart of utility OT environments. Utilities have traditionally viewed ICS and OT security as a cost-limitation exercise; however, the growing surface area for cyberattacks, along with an increase in the number of threat actors, is motivating utilities to expand beyond traditional, compliance-based management practices and begin proactively addressing cybersecurity.
This report analyzes the electric utility ICS security market and forecasts revenue between 2020 and 2029. The cybersecurity of four industrial control applications are covered: transmission automation and sensing, distribution automation and sensing, communications, and control system software. The report provides this data for five major global regions: North America, Europe, Asia, Latin America, and the Middle East & Africa.
Pages
41
Tables | Charts | Figures
35
Key Questions Addressed
Who Needs This Report
- Utilities and grid operators
- Cybersecurity software vendors and service providers
- Smart grid vendors and service providers
- Systems integrators
- Government agencies
- Research community
- Investor community
Table Of Contents
1. Executive Summary
1.1 Introduction
1.2 Global Outlook
2. Market Issues
2.1 ICS Security Overview
2.1.1 T&D Automation and Sensing
2.1.2 Communications
2.1.3 Control System Software
2.1.3.1 HMIs
2.2 Key Actor and Vector Vulnerabilities
2.2.1 Threat Actors
2.2.2 Threat Vectors
2.3 Layers of Defense
2.3.1 Physical Security
2.3.2 Network Architecture and Security
2.3.3 Protocol and Transport Defense
2.3.4 Perimeter Defense
2.3.4.1 Antivirus Technology
2.3.4.1.1 Blacklisting
2.3.4.1.2 Whitelisting
2.3.4.1.3 Sandboxing
2.4 ICS Cybersecurity Macro Trends
2.4.1 Defense-in-Depth Strategy
2.4.2 Hybrid Security – IT and OT
2.4.3 Zero-Trust Architectures
2.4.4 Patch Aggregation
2.5 Market Drivers
2.5.1 Vulnerability of the Electric Sector
2.5.1.1 Ukraine – BlackEnergy
2.5.1.2 Iran – Stuxnet
2.5.2 Growing Surface Area
2.5.3 IT/OT Convergence
2.5.4 Existing Regulations
2.5.5 Transmission Grid Upgrades
2.6 Market Challenges
2.6.1 Employee Risk
2.6.2 Insufficient Regulations
2.6.3 IT Staff Expertise
2.6.4 COVID-19
2.7 Cybersecurity Budgets
3. Market Forecasts
3.1 Introduction
3.2 Forecast Methodology
3.2.1 Annual Revenue by ICS or IT
3.3 Global Outlook
3.3.1 North America
3.3.2 Europe
3.3.3 Asia Pacific
3.3.4 Latin America
3.3.5 Middle East & Africa
3.4 Conclusions and Recommendations
4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- ICS Security Revenue by Region, World Markets: 2020-2029
- ICS Security Revenue by Region, World Markets: 2020-2029
- ICS Security Revenue by Category, North America: 2020-2029
- ICS Security Revenue by Category, Europe: 2020-2029
- ICS Security Revenue by Category, Asia Pacific: 2020-2029
- ICS Security Revenue by Category, Latin America: 2020-2029
- ICS Security Revenue by Category, Middle East & Africa: 2020-2029
- Layers of Defense
List of Tables
- ICS Security Revenue by Region, World Markets: 2020-2029
- Utility Revenue by Category, North America: 2020-2029
- Security Share of Utility Revenue by Category, North America: 2020-2029
- Utility Security Revenue by Category, North America: 2020-2029
- Allocation of Utility Security Revenue by Segment, North America: 2020-2029
- ICS Security Revenue by Category, North America: 2020-2029
- Utility Revenue by Category, Europe: 2020-2029
- Security Share of Utility Revenue by Category, Europe: 2020-2029
- Utility Security Revenue by Category, Europe: 2020-2029
- Allocation of Utility Security Revenue by Segment, Europe: 2020-2029
- ICS Security Revenue by Category, Europe: 2020-2029
- Utility Revenue by Category, Asia Pacific: 2020-2029
- Security Share of Utility Revenue by Category, Asia Pacific: 2020-2029
- Utility Security Revenue by Category, Asia Pacific: 2020-2029
- Allocation of Utility Security Revenue by Segment, Asia Pacific: 2020-2029
- ICS Security Revenue by Category, Asia Pacific: 2020-2029
- Utility Revenue by Category, Latin America: 2020-2029
- Security Share of Utility Revenue by Category, Latin America: 2020-2029
- Utility Security Revenue by Category, Latin America: 2020-2029
- Allocation of Utility Security Revenue by Segment, Latin America: 2020-2029
- ICS Security Revenue by Category, Latin America: 2020-2029
- Utility Revenue by Category, Middle East & Africa: 2020-2029
- Security Share of Utility Revenue by Category, Middle East & Africa: 2020-2029
- Utility Security Revenue by Category, Middle East & Africa: 2020-2029
- Allocation of Utility Security Revenue by Segment, Middle East & Africa: 2020-2029
- ICS Security Revenue by Category, Middle East & Africa: 2020-2029
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