Report

Smart Grid Security Market By Deployment (On-premises and Cloud-based), By Security Type (Database, Application, Network, Endpoint, and Others), By Application (Smart Meters, Smart Application, Energy Efficient Resources, and Others), and By Geography (North America, Europe, APAC, and RoW) – Global Forecast up to 2025

Smart Grid Security Market By Deployment (On-premises and Cloud-based), By Security Type (Database, Application, Network, Endpoint, and Others), By Application (Smart Meters, Smart Application, Energy Efficient Resources, and Others), and By Geography (North America, Europe, APAC, and RoW) – Global Forecast up to 2025

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This market research report includes a detailed segmentation of the global smart grid security market by deployment (on-premises and cloud-based), by security type (database, application, network, endpoint, and others), by application (smart meters, smart application, energy efficient resources, and others), and by geography (North America, Europe, APAC, and RoW). The market research report identifies Cisco Systems, Inc., N-Dimension Solutions Inc., Elster Solutions, Intel Corporation, IBM Corporation, Oracle, Symantec Corporation, Siemens AG, BAE Systems, and Leidos as the major vendors operating in the global smart grid security market.

Overview of the Global Smart Grid Security Market

According to Infoholic Research, the global smart grid security market will grow at a rate of over 8% during the forecast period 2019–2025. The market for smart grid security is driven by the rise in demand for efficient power consumption and renewable energy resources across the globe. Integration of innovative and networking technologies along with modernization provides an opportunity for smart grid security market to improve security options. However, diverse guidelines relating to cybersecurity is hampering market growth.

The growing demand for efficient power consumption and renewable energy resources across the globe are among the key factors driving the market. Continuous development and integration of innovative novel and networking technologies are improving the security measures. Considering the complexity involved with smart grid due to complex network, there is an increase in the risk factors including security, data confidentiality, and vulnerabilities. This could result in an increased attack by penetrating the network and gaining access over the software and modify load conditions to disrupt the grid, resulting in a rise in demand for smart grid security solutions. Furthermore, increasing government initiatives toward smart grid technology for digitizing the power sector will steer the growth of the market during the forecast period. This helps in enhanced distribution and usage while reducing transmission loss during power delivery.

According to the smart grid security market analysis, North America accounted for the largest share of the global smart grid security market in 2018. With the presence of the highest number of technology innovators and increasing adoption of smart grid security in this region it is expected to dominate the market during the forecast period. Asia Pacific region is expected to witness the fastest growth rate due to the increasing need for secure and reliable power supply.

Smart Grid Security Market: Competitive Analysis and Key Vendors

The report covers and analyzes the global smart grid security market. Major vendors across different verticals are increasingly developing products and investments in this market and as a result, the smart grid security market is expected to grow at a decent pace in the coming years. The key players in the smart grid security market are adopting various organic as well as inorganic growth strategies such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies to gain the competitive advantage in the market.

Few of the Key Vendors in the Smart Grid Security Market:


  • BAE Systems PLC

  • IBM Corporation

  • Cisco Systems, Inc.

  • Intel Corporation

  • Siemens AG

  • Symantec Corporation

  • N-Dimension Solutions

  • Elster Solutions




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  •  
  •  


These companies are providing various hardware and software products associated with the smart grid security systems. There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.

Smart Grid Security Market By Deployment

 


  • On-premise

  • Cloud-based




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  •  
  •  


On the basis of deployment model, the smart grid security market is segmented to on-premises and cloud-based. The cloud segment is expected to have a significant growth rate during the forecast period 2019–2025.

Smart Grid Security Market By Security Type

 

 


  • Database security

  • Application security

  • Network security

  • Endpoint security

  • Others




  •  
  •  
  •  


Based on the security type, the smart grid security market is segmented into database security, network security, application security, endpoint security, and others.

Smart Grid Security Market By Application

 

 


  • Smart meters

  • Smart application

  • Renewable energy resources

  • Energy efficient resources

  • Others




  •  
  •  
  •  


Based on the application type, the smart grid security market is segmented into smart meters, smart application, renewable energy resources, energy efficient resources, and others.

Smart Grid Security Market Benefits

The report provides an in-depth analysis of the smart grid security market. Factors such as increasing safety and security concerns and the advances in technology in smart devices are positively impacting the demand for smart grid security globally. Recent product launches indicate that this technology is approaching market readiness.

The growing cyber-attacks and other threats on the critical infrastructure are boosting the demand for smart grid security solutions. Global vendors are having a strong presence in the smart grid security market. The other stakeholders in the market are security service providers, utility companies, state government, cloud service provider, resellers, and technology providers. The report discusses the market in terms of deployment, security type, applications, and regions. Further, the report provides details about the major challenges impacting market growth.

 

1              Executive Summary

1.1          Synopsis of Key Findings

2              Industry Outlook

2.1          Overview

2.2          Key Industry Trends

3              Market Snapshot

3.1          Total Addressable Market

3.2          Segmented Addressable Market

3.2.1      PEST Analysis

3.2.2      Porter’s Five Force Analysis

3.3          Related Markets

4              Market Characteristics

4.1          Market Evolution

4.1.1      Ecosystem

4.2          Market Trends and Impact

4.3          Value Chain Analysis

4.4          Market Segmentation

4.5          Market Dynamics

4.5.1      Market Drivers

4.5.2      Market Restraints

4.5.3      Market Opportunities

4.5.4      DRO Impact Analysis

5              Smart Grid Security Market By Deployment– Market Size and Analysis

5.1          Overview

5.1.1      On-premise

5.1.2      Cloud-based

6              Smart Grid Security Market By Security Type – Market Size and Analysis

6.1          Overview

6.2          Database

6.3          Application

6.4          Network

6.5          Endpoint

6.6     Others

7              Smart Grid Security Market By Application – Market Size and Analysis

7.1          Smart Meters

7.2          Smart Application

7.3          Renewable Energy Resources

7.4          Energy Efficient Resources

7.5          Others

8         Smart Grid Security Market By Region – Market Size and Analysis

8.1          Overview

8.2          North America

8.2.1      US

8.2.2      Canada

8.3          Europe

8.3.1      UK

8.3.2      Germany

8.3.3      RoE

8.4          APAC

8.4.1      China

8.4.2      Japan

8.4.3      India

8.4.4      RoAPAC

8.5          RoW

8.5.1      MEA

8.5.2      Latin America

9             Competitive Landscape

9.1          Competitor Analysis

9.2          Product/Offerings Portfolio Analysis

9.3          Market Developments

9.3.1      Mergers & Acquisitions (M&A), Expansions, and Partnerships

9.3.2      Business Restructuring

9.3.3      Product Launches & Exhibitions

10           Vendor Profiles

10.1        Alert Enterprise

10.1.1    Analyst Opinion

10.1.2    Business Analysis

10.2        BAE Systems PLC

10.2.1     Analyst Opinion

10.2.2    Business Analysis

10.3        Cisco Systems, Inc.

10.3.1      Analyst Opinion

10.3.2      Business Analysis

10.4        Elster Solutions

10.4.1      Analyst Opinion

10.4.2    Business Analysis

10.5        IBM Corporation

10.5.1      Analyst Opinion

10.5.2    Business Analysis

10.6        Intel Corporation

10.6.1       Analyst Opinion

10.6.2    Business Analysis

10.7        Leidos

10.7.1    Analyst Opinion

10.7.2    Business Analysis

10.8        Lockheed Martin Corporation

10.8.1    Analyst Opinion

10.8.2    Business Analysis

10.9        McAfee LLC

10.9.1    Analyst Opinion

10.9.2    Business Analysis

10.10     N-Dimension Solutions

10.10.1  Analyst Opinion

10.10.2  Business Analysis

10.11     Siemens AG

10.11.1   Analyst Opinion

10.11.2 Business Analysis

10.12     Symantec Corporation

10.12.1    Analyst Opinion

10.12.2  Business Analysis

(Overview, products, recent developments, and business strategy for all vendors; the vendors' list provided is tentative and may change/increase during the time of the study)

11           Companies to Watch for

12           Annexure

12.1        Report Scope

12.2        Market Definition

12.3        Research Methodology

12.3.1    Data Collation & In-house Estimation

12.3.2    Market Triangulation

12.3.3    Forecasting

12.4        Study Declarations

12.5        Report Assumptions

12.6        Stakeholders

12.7        Abbreviations

Research Framework

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting
Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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Smart Grid Security Market By Deployment (On-premises and Cloud-based), By Security Type (Database, Application, Network, Endpoint, and Others), By Application (Smart Meters, Smart Application, Energy Efficient Resources, and Others), and By Geography (North America, Europe, APAC, and RoW) – Global Forecast up to 2025
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