Smart Grid Cyber Security Market: Forging Ahead and Developing 2027 || Siemens AG (Germany), Intel Corporation
Market Overview.
The Smart Grid Cyber Security Market is growing continually, witnessing increasing deployments. Besides, rising cyber-attacks on utility infrastructures boost the demand for smart grid security solutions. Moreover, the increasing integration of smart grids with traditional power grids and advanced technologies such as cloud computing, IoT, connected utilities, smart utilities escalate the market demand, improving power distribution across the world.
According to Market Research Future (MRFR), the global smart grid security market is expected to create a valuation of USD 747.07 MN by 2023, registering 10.73% CAGR during the forecast period (2018 – 2023). In its smart grid security market forecast, MRFR also states that in 2017 the market was valued at USD 405.37 million. The numbers of advanced modular projects are increasing consistently. The increasing demand for efficient, economical, and clean power distribution boosts the smart grid security industry.
Additionally, sizable investments to shift utility infrastructure to the smart grid and increased sophistication of cyber-attacks substantiate market growth. The growing need to comply with energy generation and consumption regulations and standards increase the size of the market. Furthermore, the proliferation of the Internet of Things (IoT) and digitization in the energy sector influence market demand. Simultaneously, increased deployments of web & cloud-based business applications drive the market growth.
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Competitive Analysis:
Players leading the global smart grid security market are IBM Corporation (US), BAE Systems PLC (UK), Cisco Systems, Inc. (US), Siemens AG (Germany), Intel Corporation (Intel Security) (US), Symantec Corporation (US), Elster Solutions (US), N-Dimension Solutions (Canada), Alert Enterprise (US), Symantec Corporations (US), Leidos (US), Lockheed Martin Corporation (US), and McAfee LLC (US), among others.
Segmental Overview:
The global smart grid security market has been segmented based on application, deployment, and security type. On the basis of deployment, the market for smart grid security is segmented based on on-premise and cloud. Additionally, the market on the basis of security type, is segmented into endpoint, network, application and database. The global market for smart grid security is also covered based on the application segment which is further split into consumption, generation and distribution & control.
Factors like digitization in the energy sector, increased sophistication of cyber-attacks as well as rise in adoption of Internet of Things (IoT) support the smart grid security market growth. The performance of the smart grid security market has also been studied for the past and current years. Additionally, the smart grid security market report provides analysis of these segments. The smart grid security market segmental analysis provided in the report offers major details about the smart grid security market based on the data and forecasts till 2023.
Regional Analysis:
Companies in the smart grid security market are spread across the world. The smart grid security market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American smart grid security market has many companies across the United States, Canada, and Mexico. The smart grid security market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the smart grid security market can be found in the market research report. Europe has companies in the smart grid security market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the smart grid security market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Industry News:
Nuvve Co., a Renewable Energy corporation headquartered in the state of San Diego, pioneer in V2G solutions, and IoTecha Corp., a market leader in Smart Charging Enhanced and Driven Control Platform systems are working together to deploy and leverage a Combined Charging Standard (CCS) plugs that follow the ISO/IEC15118 protocol in the bidirectional charging technology of the electric vehicle industry. Such technique provides vehicles to provide OEMs with the CCS connector for their vehicles with the potential to accomplish both lateral energy usage on their vehicles when paired with IoTecha and Nuvve technologies. MoreFlowing will help future trends of the standard by retreat program variants for reproductions of that edition.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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