top of page
Search

Smart Grid Security Market Procurement Intelligence Report with COVID-19 Impact Analysis 2026

  • Writer: Edward E. Breen
    Edward E. Breen
  • Aug 6, 2021
  • 4 min read

According to the recent report by IMARC Group, titled “Smart Grid Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global smart grid security market size reached around US$ 6.3 Billion in 2020. Smart grid security plays an essential role in securing information technology (IT) systems along with smart power grids. It offers the benefits of clean, efficient, and cost-effective distribution of energy throughout the grid with the help of home energy management systems, industrial control systems (ICS), and advanced metering infrastructure. Smart grid security involves integrated communications systems and advanced control methods, coupled with enhanced sensing and measurement interfaces. As a result, it helps in averting threats, such as malware, manipulation, virus, data loss, and information threat, by employing technological solutions like identity and access management (IAM), encryption, and antivirus.





We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.


Global Smart Grid Security Market Trends:


With the growing global population, the demand for electricity is significantly increasing in several countries, thereby creating a positive demand for smart grid installations. This, coupled with the rising cases of cyberattacks, is providing a thrust to the market growth. Along with this, governments of several countries, such as Europe, Germany, the United States, and the United Kingdom, are taking initiatives to digitize the power sector and adopt smart grid technology. Furthermore, the emergence of several technological advancements, like Supervisory Control and Data Acquisition (SCADA) systems, are gaining impetus, which, in turn, is acting as another growth-inducing factor. Apart from this, next-generation technologies and the integration of innovative solutions are also anticipated to create a positive outlook for the market. On account of these factors, the market is expected to experience strong growth during the forecast period (2021-2026).


Market Summary:

  • Based on the component, the market has been bifurcated into solutions and services. The solutions segment is divided into encryption, firewall, antivirus and antimalware; identity and access management (IAM), and others. On the other hand, the services segment is segregated into managed, professional, and other services.

  • On the basis of the subsystem, the market has been categorized into demand response systems, advanced metering infrastructure, home energy management systems, SCADA/Industrial Control System (ICS), and others.

  • Based on the deployment type, the market has been classified into cloud-based and on-premises segments.

  • On the basis of security type, the market has been divided into endpoint, database, application, network, and other securities.

  • Region-wise, the market has been classified into Europe (Spain, Russia, France, Germany, Italy, the United Kingdom, and Others), Asia Pacific (Japan, Australia, China, Indonesia, India, South Korea, and Others), Latin America (Mexico, Brazil, and Others), North America (Canada and the United States), and the Middle East and Africa.

  • The competitive landscape of the market has been analyzed in the report, with some of the key players being Cisco Systems Inc., Honeywell International Inc., AlertEnterprise Inc., BAE Systems, Broadcom Inc., International Business Machines Corporation, Leidos, Lockheed Martin Corporation, N-Dimension Solutions Inc. (IPKeys Power Partners LLC), Sophos Ltd. (Thoma Bravo LLC), and Siemens Aktiengesellschaft.

Competitive Landscape with Key Players:


· AlertEnterprise Inc.

· BAE Systems

· Broadcom Inc.

· Cisco Systems Inc.

· Honeywell International Inc.

· International Business Machines Corporation

· Leidos

· Lockheed Martin Corporation

· N-Dimension Solutions Inc. (IPKeys Power Partners LLC)

· Siemens Aktiengesellschaft

· Sophos Ltd. (Thoma Bravo LLC)


Market Segmentation:


Breakup by Component:


· Solution

o Encryption

o Antivirus and Antimalware

o Identity and Access Management (IAM)

o Firewall

o Others

· Services

o Managed Services

o Professional Services

o Others

Breakup by Subsystem:


· Demand Response System

· Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)

· Home Energy Management System

· Advanced Metering Infrastructure

· Others

Breakup by Deployment Type:


· Cloud-based

· On-premise

Breakup by Security Type:


· Endpoint Security

· Application Security

· Database Security

· Network Security

· Others

Breakup by Region:


· North America (United States, Canada)

· Europe (Germany, France, United Kingdom, Italy, Spain, Others)

· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

· Latin America (Brazil, Mexico, Others)

· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)


Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/smart-grid-security-market


We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.


Key highlights of the report:

  • Market Performance (2015-2020)

  • Market Outlook (2021-2026)

  • Market Trends

  • Market Drivers and Success Factors

  • The Impact of COVID-19 on the Global Market

  • Value Chain Analysis

  • Structure of the Global Market

  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization. Related Reports by IMARC Group:













About Us


IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Visit here: https://www.syndicatedanalytics.com/ IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group. Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations. Contact US: IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

 
 
 

Comments

© 2023 by Name of Site. Proudly created with Wix.com

bottom of page