The Smart Grid Security market is expected to grow at a CAGR of 9% over the forecast period from 2021 to 2027. Globally, the development of smart grids, increasing sophisticated cyber attacks, and the need to comply with regulations and standards are driving growth. Smart Grid Security Market. The lack of security awareness of smart grid stakeholders is holding back the smart grid security market. The evolution of the smart grid continues to act as an opportunity. Keeping cybersecurity in a timely manner is one of the challenges facing the smart grid security market.
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Company Profile
The smart grid security market ecosystem comprises smart grid security vendors, such as BAE Systems PLC (U.K.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Intel Corporation (Intel Security) (U.S.), Siemens AG (Germany), Symantec Corporation (U.S.), N-Dimension Solutions (Canada), Elster Solutions (U.S.), AlertEnterprise (U.S.), and Leidos (U.S.); service providers; system integrators; and enterprises. Other stakeholders of the market include security service providers, national/state governments, cloud service providers, utility companies, IT service providers, resellers, enterprise users, and technology providers.
Market Segmentation
Smart Grid Security market Segments:
By Solution
- Antivirus and antimalware
- Firewall
- Identity and Access Management (IAM)
- Encryption
- Security and vulnerability management
- Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
- Distributed Denial of Service (DDoS)
- Others (Data Loss Prevention (DLP), incident response, fraud detection, and Security Information and Event Management (SIEM))
By Service
- Professional services
- Consulting
- Education and training
- Support and maintenance
- Managed services
By Deployment Mode
- Cloud
- On-Premises
By Subsystem
- Supervisory Control and Data Acquisition (SCADA)/Industrial Control System (ICS)
- Advanced metering infrastructure
- Demand response
- Home energy management
By Security Type
- Endpoint security
- Network security
- Application security
- Database security
Scope of the Report
The research study analyzes the global Smart Grid Security industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Grid Security Market Report
1. What was the Smart Grid Security Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Smart Grid Security Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Smart Grid Security Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Smart Grid Security market.
- The market share of the global Smart Grid Security market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Smart Grid Security market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Smart Grid Security market.
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