Market Overview:
The global smart grid security market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for smart grids and rising concerns about cyber-attacks on critical infrastructure. The global smart grid security market is segmented by type, application, and region. By type, the market is divided into database security, network security, application security, and endpoint security. By application, the market is classified into smart meters, smart applications, renewable energy resources (wind power plants and solar parks), energy efficient resources (electric vehicles and LED lighting), and others (smart grids for water management). The North American region dominates the global Smart Grid Security Market followed by Europe due to early adoption of technology in these regions coupled with stringent government regulations mandating use of Smart Grids in various sectors such as utilities & energy companies etcetera .
Product Definition:
Smart Grid Security is the protection of the Smart Grid from unauthorized access, use, or modification. The Smart Grid is a critical part of our nation's infrastructure and it must be protected from cyber attacks. The importance of Smart Grid Security is that it protects our nation's energy supply and ensures that the grid remains operational in the event of a cyber attack.
Database Security:
The global database security market size was valued at USD 1.92 billion in 2015 and is expected to witness a growth of over 25% by the end of the forecast period. The increasing adoption rate for cloud-based solutions among small & medium enterprises, coupled with high demand for big data analytics across various industry verticals, is anticipated to drive the growth over the next seven years.
Network Security:
The global network security and it's usage in smart grid security market size was valued at USD 1,867.0 million in 2015. The increasing cyber-attacks and rising government regulations are expected to drive the industry growth over the forecast period.
Application Insights:
The market is segmented based on the application of the grid security solutions. The smart meters segment dominated the overall market in terms of revenue share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to factors such as growing demand for advanced metering infrastructure (AMI) across various industries and utilities, growing awareness about energy efficiency among consumers, increasing penetration of AMI across developed economies, and favorable government regulations that support implementation of AMI.
Smart applications are anticipated to witness a lucrative CAGR over the forecast period owing to factors such as rising demand for real-time billing systems from utility companies along with an increase in consumer¢â‚¬â„¢s awareness regarding their electricity usage patterns. Furthermore, increased adoption rate for these applications among residential consumers coupled with rising need for improving grid stability through enhanced energy management would drive growth further.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of prominent players, such as Honeywell International Inc.; General Electric; and Siemens AG. Moreover, increasing penetration of smart meters is expected to drive demand for grid security solutions in North America over the forecast period. Europe accounted for a significant share owing to growing adoption of smart meters across various countries such as Germany and U.K., which are also major contributors towards regional growth.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to rising government initiatives pertaining toward implementation of smart grid technology across several Asian countries including China, Japan, South Korea, Taiwan among others).
Growth Factors:
- Increasing demand for smart grid security solutions from utilities and other end users to protect their critical infrastructure against cyber-attacks.
- Proliferation of connected devices and the Internet of Things (IoT) is creating new vulnerabilities that need to be addressed by smart grid security solutions.
- The increasing number of cyber-attacks on critical infrastructure is driving the need for better security measures, including for the smart grid.
- Stringent government regulations and standards pertaining to smart grid security are helping to drive market growth.
- Growing demand for energy efficiency and renewable energy is resulting in increased investment in the smart grid, which in turn is fueling demand for related security solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Grid Security Market Research Report
By Type
Database Security, Network Security, Application Security, Endpoint Security
By Application
Smart Meters, Smart Application, Renewable Energy Resources, Energy Efficient Resources
By Companies
Siemens AG, Symantec Corporation, IBM Corporation, Cisco Systems, Inc, Leidos Holdings, Inc, Honeywell International Inc., BAE Systems Plc, N-Dimension Solutions Inc., AlertEnterprise Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Smart Grid Security Market Report Segments:
The global Smart Grid Security market is segmented on the basis of:
Types
Database Security, Network Security, Application Security, Endpoint Security
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Meters, Smart Application, Renewable Energy Resources, Energy Efficient Resources
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens AG
- Symantec Corporation
- IBM Corporation
- Cisco Systems, Inc
- Leidos Holdings, Inc
- Honeywell International Inc.
- BAE Systems Plc
- N-Dimension Solutions Inc.
- AlertEnterprise Inc
Highlights of The Smart Grid Security Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Database Security
- Network Security
- Application Security
- Endpoint Security
- By Application:
- Smart Meters
- Smart Application
- Renewable Energy Resources
- Energy Efficient Resources
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Grid Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Grid security is the process of protecting electrical grids and other electronic systems from cyberattacks. Smart Grid technology relies on sensors, communication networks, and software to manage energy usage and distribution. Cybersecurity experts believe that hackers could exploit vulnerabilities in these systems to cause widespread damage or even bring down the entire grid. To protect against such attacks, smart grid operators must implement robust security measures including regular updates to their software and hardware configurations, secure communications protocols, and strong authentication procedures.
Some of the key players operating in the smart grid security market are Siemens AG, Symantec Corporation, IBM Corporation, Cisco Systems, Inc, Leidos Holdings, Inc, Honeywell International Inc., BAE Systems Plc, N-Dimension Solutions Inc., AlertEnterprise Inc.
The smart grid security market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Grid Security Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Grid Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Grid Security Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Grid Security Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Grid Security Market Size & Forecast, 2018-2028
4.5.1 Smart Grid Security Market Size and Y-o-Y Growth
4.5.2 Smart Grid Security Market Absolute $ Opportunity
Chapter 5 Global Smart Grid Security Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Grid Security Market Size Forecast by Type
5.2.1 Database Security
5.2.2 Network Security
5.2.3 Application Security
5.2.4 Endpoint Security
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Grid Security Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Grid Security Market Size Forecast by Applications
6.2.1 Smart Meters
6.2.2 Smart Application
6.2.3 Renewable Energy Resources
6.2.4 Energy Efficient Resources
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Grid Security Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Grid Security Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Grid Security Analysis and Forecast
9.1 Introduction
9.2 North America Smart Grid Security Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Grid Security Market Size Forecast by Type
9.6.1 Database Security
9.6.2 Network Security
9.6.3 Application Security
9.6.4 Endpoint Security
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Grid Security Market Size Forecast by Applications
9.10.1 Smart Meters
9.10.2 Smart Application
9.10.3 Renewable Energy Resources
9.10.4 Energy Efficient Resources
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Grid Security Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Grid Security Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Grid Security Market Size Forecast by Type
10.6.1 Database Security
10.6.2 Network Security
10.6.3 Application Security
10.6.4 Endpoint Security
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Grid Security Market Size Forecast by Applications
10.10.1 Smart Meters
10.10.2 Smart Application
10.10.3 Renewable Energy Resources
10.10.4 Energy Efficient Resources
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Grid Security Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Grid Security Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Grid Security Market Size Forecast by Type
11.6.1 Database Security
11.6.2 Network Security
11.6.3 Application Security
11.6.4 Endpoint Security
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Grid Security Market Size Forecast by Applications
11.10.1 Smart Meters
11.10.2 Smart Application
11.10.3 Renewable Energy Resources
11.10.4 Energy Efficient Resources
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Grid Security Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Grid Security Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Grid Security Market Size Forecast by Type
12.6.1 Database Security
12.6.2 Network Security
12.6.3 Application Security
12.6.4 Endpoint Security
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Grid Security Market Size Forecast by Applications
12.10.1 Smart Meters
12.10.2 Smart Application
12.10.3 Renewable Energy Resources
12.10.4 Energy Efficient Resources
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Grid Security Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Grid Security Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Grid Security Market Size Forecast by Type
13.6.1 Database Security
13.6.2 Network Security
13.6.3 Application Security
13.6.4 Endpoint Security
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Grid Security Market Size Forecast by Applications
13.10.1 Smart Meters
13.10.2 Smart Application
13.10.3 Renewable Energy Resources
13.10.4 Energy Efficient Resources
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Grid Security Market: Competitive Dashboard
14.2 Global Smart Grid Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens AG
14.3.2 Symantec Corporation
14.3.3 IBM Corporation
14.3.4 Cisco Systems, Inc
14.3.5 Leidos Holdings, Inc
14.3.6 Honeywell International Inc.
14.3.7 BAE Systems Plc
14.3.8 N-Dimension Solutions Inc.
14.3.9 AlertEnterprise Inc
