Smart Grid Security Market by Security Type (Endpoint, Security, Network Security, Application Security, Database Security), by Application (Consumption, Distribution, Transmission, Generation), by Deployment Type (Cloud, On-premise) and by Region, Global trends and forecast from 2023 to 2029

Published on: Apr 2023
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Number Of Pages:125

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Market Size	CAGR	Dominating Region
USD 17.51 billion by 2029	12.05%	North America

By Security Type	By Application	By Deployment Type	By Region
Endpoint Security Network Security Application Security Database Security	Consumption Distribution Transmission Generation	Cloud On-Premises	North America Europe Asia Pacific South America Middle East And Africa

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Smart Grid Security Market Overview

The global smart grid security market size is expected to grow at more than 12.05% CAGR from 2021 to 2029. It is expected to reach above USD 17.51 billion by 2029 from a little above USD 6.29 billion in 2020.

Information technology (IT) systems, smart power grids, and communications networks are all secured using a variety of tools and services collectively referred to as “smart grid security.” It guarantees that electricity is distributed throughout the grid in an effective, dependable, economical, and clean manner. It includes cutting-edge parts and control strategies as well as integrated communications systems with better measurement and sensing interfaces. It uses a number of technology solutions, including firewalls, intrusion detection, anti-virus, anti-malware, identity and access management (IAM), encryption, and data loss prevention (DLP) systems. To provide effective smart grid security, a variety of subsystems are also used, such as Industrial Control System (ICS), sophisticated metering infrastructure, and home energy management systems.

Increasing instances of cyberattacks and the rising need for electricity and power generation in both developed and emerging nations are now the main factors propelling the market’s expansion. In order to safeguard communications and smart grid deployments, smart grid security technologies have become widely adopted. Additionally, increasing web- and cloud-based application usage across numerous industrial sectors is bolstering market expansion.

ATTRIBUTE	DETAILS
Study period	2020-2029
Base year	2021
Estimated year	2022
Forecasted year	2022-2029
Historical period	2018-2020
Unit	Value (USD Billion), (Thousand Units)
Segmentation	By Security Type, By Application, By Deployment Type, By Region
By Security Type	Endpoint Security Network Security Application Security Database Security
By Application	Consumption Distribution Transmission Generation
By Deployment Type	Cloud On-premises
By Region	North America Asia Pacific Europe South America Middle East Asia & Africa

In order to defend the home area network (HAN), guarantee privacy, and preserve data, consumers are installing these security solutions with their connected gadgets. Furthermore, the market is expected to grow thanks to a number of technological developments, such as the combination of SCADA systems and the Internet of Things (IoT). According to projections, the market will continue to grow as a result of additional reasons such as rising urbanization and the deployment of encouraging government programs to automate the electricity industry with smart grid technologies. The development of smart grid technologies is being accelerated by the expanding efforts to reduce carbon emissions and provide renewable and sustainable energy sources. Power supply instability is a serious problem that needs to be fixed, especially in developing and merging countries. Adoption of smart grids can effectively address the issue of erratic electricity supply. In the end, this is helping the security market.

The COVID-19 outbreak has had a substantial effect on the smart grid cyber security business. The world has experienced a reduction in the need for electricity as a result of the lockdown, which has also affected the earnings of the smart grid cybersecurity industry. The pandemic has also resulted in the postponement of a number of smart grid projects, which is hindering the market’s growth further.

Smart Grid Security Market | Exactitude Consultancy

Smart Grid Security Market Segment Analysis

Based on the security type, market is segmented into endpoint security, application security, database security and network security. Currently network security type recorded to hold the maximum share of the market due to the growing trends of adoption of smart grids, Internet of Things (IoT) and connected devices. Application security type is anticipated to be the fastest growing market during the forecasted period. This growth is boosted by the increasing cyber-attacks.

Based on the application, market is segmented into consumption, distribution, transmission and generation. Transmission segment accounted for the largest share of the market which is attributed b to the higher demand for secured and reliable transmission. One of the main issues driving the transmission segment’s expansion globally is transmission and distribution losses. Consumption segment is expected to be the fastest growing. The key factors driving this industry are the short outage reaction time, better energy efficiency, and effective resource usage.

By deployment type, market is segmented into cloud and on-premises. With the tremendous increase in the technology, trend in adopting the cloud-based deployment is increasing rapidly. It is anticipated to grow continuously over the forecasted period as it gives more advantages over the on-premises.

Smart Grid Security Market Players

Key competitors from both domestic and international markets compete fiercely in the worldwide global Smart Grid Security industry include BAE Systems PLC, IBM Corporation, Cisco Systems Inc., Intel Corporation, Siemens AG, Symantec Corporation, N-Dimension Solutions, Elster Solutions, AT&T Cybersecurity, Alert Logic.

Who Should Buy? Or Key Stakeholders

Smart Grid Security Providers
Research and Development Organizations
Regulatory Agencies
Smart Grid Security Companies
Investors
Government
Utility Companies
IT Solution Providers
System Integrators
Networking Solution Providers
Cloud Service Providers
Others

Smart Grid Security Market Regional Analysis

The Global Smart Grid Security Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

The North America region is expected to be the fastest-growing region in the smart grid security market during the forecast period. The growth in this region is primarily driven by the growing trend of adoption of smart grid and mobile-based business applications. The APAC region is expected to become the largest revenue-generating region for the market during the forecast period.

Key Market Segments: Smart Grid Security Market

Global Smart Grid Security Market By Security Type, 2020-2029, (USD Billion), (Thousand Units)

Endpoint Security
Network Security
Application Security
Database Security

Global Smart Grid Security Market By Application, 2020-2029, (USD Billion), (Thousand Units)

Consumption
Distribution
Transmission
Generation

Global Smart Grid Security Market By Deployment Type, 2020-2029, (USD Billion), (Thousand Units)

Cloud
On-Premises

Global Smart Grid Security Market By Region, 2020-2029, (USD Billion), (Thousand Units)

North America
Europe
Asia Pacific
South America
Middle East And Africa

Important Countries In All Regions Are Covered

Exactitude Consultancy Services Key Objectives

Increasing sales and market share
Developing new technology
Improving profitability
Entering new market
Enhancing brand reputation

Key Question Answered

What is the expected growth rate of the smart grid security market over the next 7 years?
Who are the major players in the smart grid security market and what is their market share?
What are the end-user industries driving demand for market and what is their outlook?
What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
How is the economic environment affecting the smart grid security market, including factors such as interest rates, inflation, and exchange rates?
What is the expected impact of government policies and regulations on the smart grid security market?
What is the current and forecasted size and growth rate of the global smart grid security market?
What are the key drivers of growth in the smart grid security market?
What are the distribution channels and supply chain dynamics in the smart grid security market?
What are the technological advancements and innovations in the smart grid security market and their impact on product development and growth?
What are the regulatory considerations and their impact on the market?
What are the challenges faced by players in the smart grid security market and how are they addressing these challenges?
What are the opportunities for growth and expansion in the smart grid security market?
What are the service offerings and specifications of leading players in the market?
What is the pricing trend of smart grid security’ in the market and what is the impact of raw material prices on the price trend?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions and Limitations
Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources
Executive Summary
Market Overview
1. Global Smart Grid Security Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact of Covid-19 On Smart Grid Security Market
3. Porter’s five forces model
  1. Threat from new entrants
  2. Threat from substitutes
  3. Bargaining power of suppliers
  4. Bargaining power of customers
  5. Degree of competition
4. Industry value chain Analysis
Global Smart Grid Security Market by Security Type, 2020-2029, (USD BILLION), (THOUSAND UNITS)
1. Endpoint Security
2. Network Security
3. Application Security
4. Database Security
Global Smart Grid Security Market by Application, 2020-2029, (USD BILLION)
1. Consumption
2. Distribution
3. Transmission
4. Generation
Global Smart Grid Security Market by Deployment Type, 2020-2029, (USD BILLION)
1. Cloud
2. On-premise
Global Smart Grid Security Market by Region, 2020-2029, (USD BILLION)
1. North America
  1. US
  2. Canada
  3. Mexico
2. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest of South America
3. Europe
  1. Germany
  2. UK
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest of Europe
4. Asia Pacific
  1. India
  2. China
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest of Asia Pacific
5. Middle East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest of Middle East and Africa

Company Profiles*

(Business Overview, Company Snapshot, Products Offered, Recent Developments)

BAE Systems PLC
IBM Corporation
Cisco Systems Inc.
Intel Corporation
Siemens AG
Symantec Corporation
N-Dimension Solutions
Elster Solutions
AT&T Cybersecurity
Alert Logic

*The Company List Is Indicative
LIST OF TABLES

TABLE 1 GLOBAL SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 2 GLOBAL SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 3 GLOBAL SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 4 GLOBAL SMART GRID SECURITY MARKET BY REGION (USD BILLION) 2020-2029

TABLE 5 NORTH AMERICA SMART GRID SECURITY MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 6 NORTH AMERICA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 7 NORTH AMERICA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 8 NORTH AMERICA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 9 US SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 10 US SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 11 US SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 12 CANADA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 13 CANADA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 14 CANADA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 15 MEXICO SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 16 MEXICO SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 17 MEXICO SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 18 SOUTH AMERICA SMART GRID SECURITY MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 19 SOUTH AMERICA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 20 SOUTH AMERICA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 21 SOUTH AMERICA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 22 BRAZIL SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 23 BRAZIL SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 24 BRAZIL SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 25 ARGENTINA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 26 ARGENTINA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 27 ARGENTINA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 28 COLOMBIA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 29 COLOMBIA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 30 COLOMBIA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 31 REST OF SOUTH AMERICA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 32 REST OF SOUTH AMERICA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 33 REST OF SOUTH AMERICA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 34 ASIA-PACIFIC SMART GRID SECURITY MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 35 ASIA-PACIFIC SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 36 ASIA-PACIFIC SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 37 ASIA-PACIFIC SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 38 INDIA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 39 INDIA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 40 INDIA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 41 CHINA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 42 CHINA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 43 CHINA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 44 JAPAN SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 45 JAPAN SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 46 JAPAN SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 47 SOUTH KOREA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 48 SOUTH KOREA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 49 SOUTH KOREA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 50 AUSTRALIA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 51 AUSTRALIA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 52 AUSTRALIA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 53 SOUTH-EAST ASIA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 54 SOUTH-EAST ASIA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 55 SOUTH-EAST ASIA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 56 REST OF ASIA PACIFIC SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 57 REST OF ASIA PACIFIC SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 58 REST OF ASIA PACIFIC SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 59 EUROPE SMART GRID SECURITY MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 60 ASIA-PACIFIC SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 61 ASIA-PACIFIC SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 62 ASIA-PACIFIC SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 63 GERMANY SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 64 GERMANY SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 65 GERMANY SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 66 UK SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 67 UK SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 68 UK SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 69 FRANCE SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 70 FRANCE SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 71 FRANCE SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 72 ITALY SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 73 ITALY SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 74 ITALY SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 75 SPAIN SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 76 SPAIN SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 77 SPAIN SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 78 RUSSIA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 79 RUSSIA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 80 RUSSIA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 81 REST OF EUROPE SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 82 REST OF EUROPE SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 83 REST OF EUROPE SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 84 MIDDLE EAST AND AFRICA SMART GRID SECURITY MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 85 MIDDLE EAST AND AFRICA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 86 MIDDLE EAST AND AFRICA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 87 MIDDLE EAST AND AFRICA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 88 UAE SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 89 UAE SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 90 UAE SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 91 SAUDI ARABIA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 92 SAUDI ARABIA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 93 SAUDI ARABIA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 94 SOUTH AFRICA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 95 SOUTH AFRICA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 96 SOUTH AFRICA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

TABLE 97 REST OF MIDDLE EAST AND AFRICA SMART GRID SECURITY MARKET BY SECURITY TYPE (USD BILLION) 2020-2029

TABLE 98 REST OF MIDDLE EAST AND AFRICA SMART GRID SECURITY MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 99 REST OF MIDDLE EAST AND AFRICA SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE (USD BILLION) 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL SMART GRID SECURITY MARKET BY SECURITY TYPE, USD BILLION, 2020-2029

FIGURE 9 GLOBAL SMART GRID SECURITY MARKET BY APPLICATION, USD BILLION, 2020-2029

FIGURE 10 GLOBAL SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE, USD BILLION, 2020-2029

FIGURE 11 GLOBAL SMART GRID SECURITY MARKET BY REGION, USD BILLION, 2020-2029

FIGURE 12 PORTER’S FIVE FORCES MODEL

FIGURE 13 GLOBAL SMART GRID SECURITY MARKET BY SECURITY TYPE, USD BILLION, 2021

FIGURE 14 GLOBAL SMART GRID SECURITY MARKET BY APPLICATION, USD BILLION, 2021

FIGURE 15 GLOBAL SMART GRID SECURITY MARKET BY DEPLOYMENT TYPE, USD BILLION, 2021

FIGURE 16 GLOBAL SMART GRID SECURITY MARKET BY REGION, USD BILLION, 2021

FIGURE 17 NORTH AMERICA SMART GRID SECURITY MARKET SNAPSHOT

FIGURE 18 EUROPE SMART GRID SECURITY MARKET SNAPSHOT

FIGURE 19 SOUTH AMERICA SMART GRID SECURITY MARKET SNAPSHOT

FIGURE 20 ASIA PACIFIC SMART GRID SECURITY MARKET SNAPSHOT

FIGURE 21 MIDDLE EAST ASIA AND AFRICA SMART GRID SECURITY MARKET SNAPSHOT

FIGURE 22 MARKET SHARE ANALYSIS

FIGURE 23 BAE SYSTEMS PLC: COMPANY SNAPSHOT

FIGURE 24 IBM CORPORATION: COMPANY SNAPSHOT

FIGURE 25 CISCO SYSTEMS INC.: COMPANY SNAPSHOT

FIGURE 26 INTEL CORPORATION: COMPANY SNAPSHOT

FIGURE 27 SIEMENS AG: COMPANY SNAPSHOT

FIGURE 28 SYMANTEC CORPORATION: COMPANY SNAPSHOT

FIGURE 29 N-DIMENSION SOLUTIONS: COMPANY SNAPSHOT

FIGURE 30 ELSTER SOLUTIONS: COMPANY SNAPSHOT

FIGURE 31 AT&T CYBERSECURITY: COMPANY SNAPSHOT

FIGURE 32 ALERT LOGIC: COMPANY SNAPSHOT

• Who are the key players in the global smart grid security market?

Some key players operating in the global smart grid security market include BAE Systems PLC, IBM Corporation, Cisco Systems Inc., Intel Corporation, Siemens AG, Symantec Corporation, N-Dimension Solutions, Elster Solutions, AT&T Cybersecurity, Alert Logic.

• What are the factors driving the global smart grid security market?

With the aid of information interchange, smart grid technology gives grid managers more control over the system’s operations, enhancing monitoring and boosting efficiency. consisting of numerous information technology (IT) and operational technology (OT) system integrations to manage diverse functions. The global market for smart grid security is being driven by cyberattacks that are more sophisticated and more frequent.

• How big is the global smart grid security market?

The global Smart Grid Security market size was estimated at USD 6.29 billion in 2021 and is expected to reach USD 17.51 billion in 2029.

• What is the global smart grid security market growth?

The global smart grid security market is expected to grow at a compound annual growth rate of 12.05% from 2022 to 2029 to reach USD 17.51 billion by 2029.

• Which region accounted for the largest global smart grid security market share?

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