SYDNEY, Nov. 29, 2016 /PRNewswire/ -- The Australian industrial control systems (ICS) security market is expected to experience sharp growth over the next 2 years as a result of recent security incidents impacting government networks and critical infrastructure. Frost & Sullivan anticipates with the increasing reliance on digital technologies and Internet of Things applications to automate processes, substantial investments will be made towards security technologies including security analytics and intelligence solutions, cyber security insurance, network security and endpoint security. Frost & Sullivan's most recent analysis, Australian Industrial Control Systems (ICS) Security Market, 2016 finds that the region's ICS security solutions market revenues will reach A$328M by 2020. Growth is expected to triple over the next 3 years, followed by steady increases through to 2020. Network security is the largest and one of the fastest growing segments in the ICS solutions market. However, to gain intelligence on unknown threats, the Australian market will witness an increased demand for security intelligence and analytics solutions over the next few years. "Due to the increase in information and operational (IT/OT) convergence and the overall complexity of an ICS environment, enterprises will look to partner with managed security service providers that offer well integrated cyber resilient IT and OT security solutions," said Sandeep Karuppuswamy, Industry Analyst, ICT Practice, Frost & Sullivan Australia & New Zealand. "To strengthen their portfolio, managed security service providers will tie up with ICT and automation security vendors such as Cisco, Checkpoint, Fortinet, Symantec, Palo Alto networks, Wurldtec and ABB, Honeywell and Siemens."