Digital Security and Control Market Size, Share, Trends, Growth Opportunities, Key Players and Market Demand by 2023

Digital security and control have become more intelligent in the recent years. Owing to the increasing external and internal cyber security threats to industrial control networks, the global digital security and control market is expected to grow during the forecast period. The demand for remote control and process automation has increased significantly during the last few years, owing to the increasing security related threats from cyber-attacks, competition, and growing intruder threat. The modern digital security and control system offers advanced, and sophisticated intrusion detection and prevention, along with complicated encryption and uninterrupted monitoring. Several digital security service providers are also providing network security and cyber security.

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The transition from analog based digital security system to digital internet protocol (IP) based system has also increased its market penetration, among the small and medium scale industries. The development of IT infrastructure in developing countries, along with the growth of video analytics is fueling the growth of the business intelligence and mobile surveillance segment of the global market in the developing countries. The demand for high performance and reliable digital security and control market is expected to grow in several new areas, including assembly and support, and cloud based storage solution.

Among the software, the anti-phishing segment accounted for the largest market, the market dominance of anti-phishing is attributed to the high market penetration of firewall for digital security. Network surveillance is expected to be the fastest growing technology segment in the global market during the forecast period.

North America accounted for the largest share in the global digital security and control market. The high penetration of digital security and control in mobile and telecommunication services is major growth driving factor for its market in North America. Europe was the second largest market in 2014. Asia-Pacific is expected to be the fastest growing digital security and control market during the forecast period, owing to the rapidly growing IT infrastructure in developing countries. Country wise, the U.S., Canada, Japan, China, India, Germany, the U.K., Spain, France, Italy, and Brazil are major markets.

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Some of the competitors in the global digital security and control market are Gemalto NV, Vasco Data Security International Inc., Fireeye Inc., RSA Security LLC, Oberthur Technologies, Safenet Inc., NEC Corporation, 3M, and Actividentity Inc.

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