Smart grid cyber security is the protection against serious cyber threats that affect the users in the smart grid network globally. Cyber security of the smart grid has been an area of concern for the power utility sector, due to frequent exchange of sensitive information that takes place via communication networks such as the internet, intranets, extranets, and corporate networks.
Scope of the Report:This report studies the Smart Grid Cyber Security market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Smart Grid Cyber Security market by product type and applications/end industries.
Growing electricity demand will increase the need to deploy smart grids for power supply, that additionally demand for smart meters that are used to read the power consumption rates. To protect the smart meters from cyber-attacks, there is increased adoption of smart grid cyber security solutions for consumption applications.
The Americas is witnessing steady deployment of smart grids that is influenced by the rise in electricity consumption and increasing number of smart grid projects in this region. Adoption of smart meters drives the need for the adoption of end-to-end cyber security solutions. Also, the increased support provided by the US government for the installation of smart grids by developing initiatives to protect the grid from cyber-attacks will drive the growth of the market in the region.
The global Smart Grid Cyber Security market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Smart Grid Cyber Security.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers BAE Systems
IBM
IOActive
Lockheed Martin
AlertEnterprise
AlienVault
Black and Veatch
Cisco Systems
Intel (McAfee)
Entergy Services
HP
N-Dimension Solutions
Siemens
Eaton
Sophos
Sourcefire
Symantec
ViaSat
VeriSign
Honeywell International
N-Dimension Solutions
AlertEnterprise
Leidos
Sentryo
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Services
Solutions
Market Segment by Applications, can be divided into Consumption
Generation
Distribution and Control
Other
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.