Global Smart Grid Security Market, By Solution (Firewall, Identity and Access Management (IAM), Antivirus/Antimalware, Encryption, Security and Vulnerability Management (SVM), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), Distributed Denial of Service (DDOS) and Others), Service (Professional and Managed Services), Deployment Mode (On-Premises and Cloud), Subsystem (Supervisory Control and Data Acquisition/Industrial Control System (SCADA/ICS), Advanced Metering Infrastructure (AMI), Demand Response and Home Energy Management), Security Type (Endpoint Security, Network Security, Application Security and Database Security), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Smart grid security market is expected to grow at a CAGR of 9.47% in the forecast period of 2020 to 2027. Data Bridge Market Research report on smart grid security market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
A smart grid is a massive complex network consisting of millions of connected devices and units, and this integration leads to the empowerment of providers and consumers of electrical utilities. It also improves performance and power system availability while constantly controlling, regulating, and handling customer demands.
Development of smart grids globally, increased sophisticated cyber-attacks and need to comply with regulations and standards are the factors driving the growth of the smart grid security market. Lack of awareness related to security among smart grid stakeholders is restraining the smart grid security market. Evolution of smart grids continuously acts as an opportunity. Maintaining of cyber-security time-to-time is one of the challenges faced by the smart grid security market.
This smart grid security market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research smart grid security market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Grid Security Market Scope and Market Size
Smart grid security market is segmented on the basis of solution, service, deployment mode, subsystem and security type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on solution, smart grid security market is segmented into firewall, identity and access management (IAM), antivirus/antimalware, encryption, security and vulnerability management (SVM), intrusion detection system/intrusion prevention system (IDS/IPS), distributed denial of service (DDOS) and others.
- Based on service, smart grid security market is segmented into professional and managed services. Professional services are sub-segmented into consulting, education and training and support and maintenance.
- Based on deployment mode, smart grid security market is segmented into on-premises and cloud.
- Based on subsystem, smart grid security market is segmented into supervisory control and data acquisition/industrial control system (SCADA/ICS), advanced metering infrastructure (AMI), demand response and home energy management.
- Based on security type, smart grid security market is segmented into endpoint security, network security, application security and database security.
Smart Grid Security Market Country Level Analysis
Smart grid security market is analysed and market size, volume information is provided by country, solution, service, deployment mode, subsystem and security type as referenced above.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the smart grid security market because of the increase usage of smart devices. Asia-Pacific and Japan is also growing rapidly because of the availability of large number of vendors in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Grid Security Market Share Analysis
Smart grid security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart grid security market.
The major players covered in the smart grid security market report are Intel Corporation, Siemens, NortonLifeLock Inc., IBM Corporation, Cisco Systems, Inc, Leidos, Honeywell International Inc., BAE Systems, N-Dimension Solutions Inc., AlertEnterprise Inc., International Business Machines, IOActive Inc., Lockheed Martin Corporation, Sophos Ltd., Sourcefire, Sentryo, Eaton, ABB, Enphase Energy, Landis+Gyr, S&C Electric Company, STEMROBOTM Technologies Pvt Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Smart Grid Security Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.