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Guidehouse Insights Report Shows Annual Revenue for Global OT Detection Tools Used in Critical Industries Is Expected to Near $2 Billion by End of Decade

  • Ransomware attacks targeting industrial control systems and OT environments are increasing—and costing organizations hundreds of millions of dollars each year

A new report from Guidehouse Insights analyzes the market for operational technology (OT) network detection tools in industrial control systems (ICS) environments, providing global market forecasts for revenue, broken out by segment and region, through 2030.

Threat actors are increasingly targeting user account credentials and permissions to exploit known vulnerabilities in ICS and OT environments. Using ransomware, these actors have the ability to disrupt physical operations and halt industrial processes in sectors considered critical for survival. Click to tweet: According to a new report from @WeAreGHInsights, global OT detection revenue across the critical manufacturing, energy, food and agriculture, and water and wastewater systems verticals is expected to grow from $505 million in 2021 to $1.8 billion in 2030 at a compound annual growth rate (CAGR) of 14.9%.

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“Nearly 900 critical infrastructure asset owners have been hit by ransomware in publicly confirmed cases since 2013,” says Danielle Jablanski, senior research analyst with Guidehouse Insights. “Many asset owners lack visibility into their network devices, systems, data, and communications patterns to prevent these attacks, resulting in harm to production, automation, quality assurance, monitoring, and safety systems, and costing organizations hundreds of millions of dollars each year.”

Regionally, ransomware attacks on ICS are most prevalent in North America, followed closely by Europe and a growing percentage in Asia. Manufacturing and energy lead the drive for intrusion detection among critical infrastructure sectors, with manufacturing anticipated to experience the largest growth over the decade.

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The report, Ransomware and Critical Infrastructure, analyzes the global market for operational technology (OT) detection tools in ICS environments in four critical infrastructure verticals: critical manufacturing, energy, food and agriculture, and water and wastewater systems. The study provides an analysis of the market issues, opportunities, and implementation challenges associated with network detection tools and ICS security. Global market forecasts for revenue, broken out by segment and region, extend through 2030 based on the estimated installation base for each vertical in each region. The report also examines the emergent technologies related to intrusion detection and provides business cases for intrusion detection system (IDS) vendors.

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