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Smart Grid Cyber Security Trends and Forecast
The future of the global smart grid cyber security market looks promising with opportunities in the endpoint, network, application, and database markets. The global smart grid cyber security market is expected to reach an estimated $16.07 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are increasing adoption of smart grid technologies, rising number of connected devices in smart grid networks, and growing cyber-attacks issues.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Smart Grid Cyber Security by Segment
The study includes a forecast for the global smart grid cyber security by deployment mode, subsystem, security type, service, and region.
Smart Grid Cyber Security Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:
• Cloud
• On-Premises
Smart Grid Cyber Security Market by Subsystem [Shipment Analysis by Value from 2018 to 2030]:
• SCADA/ICS
• AMI
• Demand Response
• Home Energy Management
Smart Grid Cyber Security Market by Security Type [Shipment Analysis by Value from 2018 to 2030]:
• Endpoint
• Network
• Application
• Database
Smart Grid Cyber Security Market by Service [Shipment Analysis by Value from 2018 to 2030]:
• Professional Services
• Consulting
• Education And Training
• Support And Maintenance
• Managed Services
Smart Grid Cyber Security Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Smart Grid Cyber Security Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart grid cyber security companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart grid cyber security companies profiled in this report include-
• BAE Systems
• IBM
• Cisco Systems
• Intel
• Siemens
• Symantec
• N-Dimension
Smart Grid Cyber Security Market Insights
Lucintel forecasts that cloud is expected to witness higher growth over the forecast period as it ensures owing to its security, can be scaled up easily and are cost-effective.
Within this market, network will remain the largest segment due to growing number of attacks on the critical infrastructure in utility organizations.
North America will remain the largest region ver the forecast period due to increasing adoption of smart grid technologies and presence of large numbers of smart grid security vendors in the region.
Features of the Global Smart Grid Cyber Security Market
Market Size Estimates: Smart grid cyber security market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Smart grid cyber security market size by various segments, such as by deployment mode, subsystem, security type, service, and region in terms of value ($B).
Regional Analysis: Smart grid cyber security market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different deployment modes, subsystems, security types, services, and regions for the smart grid cyber security market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart grid cyber security market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the smart grid cyber security market size?
Answer: The global smart grid cyber security market is expected to reach an estimated $16.07 billion by 2030.
Q.2 What is the growth forecast for smart grid cyber security market?
Answer: The global smart grid cyber security market is expected to grow with a CAGR of 11.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the smart grid cyber security market?
Answer: The major drivers for this market are increasing adoption of smart grid technologies, rising number of connected devices in smart grid networks and growing cyber-attacks issues.
Q4. What are the major segments for smart grid cyber security market?
Answer: The future of the smart grid cyber security market looks promising with opportunities in the endpoint, network, application, and database markets.
Q5. Who are the key smart grid cyber security market companies?
Answer: Some of the key smart grid cyber security companies are as follows:
• BAE Systems
• IBM
• Cisco Systems
• Intel
• Siemens
• Symantec
• N-Dimension
Q6. Which smart grid cyber security market segment will be the largest in future?
Answer: Lucintel forecasts that cloud is expected to witness higher growth over the forecast period as it ensures owing to its security, can be scaled up easily and are cost-effective.
Q7. In smart grid cyber security market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region ver the forecast period due to increasing adoption of smart grid technologies and presence of large numbers of smart grid security vendors in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the smart grid cyber security market by deployment mode (cloud and on-premises), subsystem (scada/ics, ami, demand response, and home energy management), security type (endpoint, network, application, and database), service (professional services, consulting, education and training, support and maintenance, and managed services), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Smart Grid Cyber Security Market, Smart Grid Cyber Security Market Size, Smart Grid Cyber Security Market Growth, Smart Grid Cyber Security Market Analysis, Smart Grid Cyber Security Market Report, Smart Grid Cyber Security Market Share, Smart Grid Cyber Security Market Trends, Smart Grid Cyber Security Market Forecast, Smart Grid Cyber Security Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Smart Grid Cyber Security Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Smart Grid Cyber Security Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Smart Grid Cyber Security Market by Deployment Mode
3.3.1: Cloud
3.3.2: On-premises
3.4: Global Smart Grid Cyber Security Market by Subsystem
3.4.1: SCADA/ICS
3.4.2: AMI
3.4.3: Demand Response
3.4.4: Home Energy Management
3.5: Global Smart Grid Cyber Security Market by Security Type
3.5.1: Endpoint
3.5.2: Network
3.5.3: Application
3.5.4: Database
3.6: Global Smart Grid Cyber Security Market by Service
3.6.1: Professional Services
3.6.2: Consulting
3.6.3: Education and Training
3.6.4: Support and Maintenance
3.6.5: Managed Services
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Smart Grid Cyber Security Market by Region
4.2: North American Smart Grid Cyber Security Market
4.2.2: North American Smart Grid Cyber Security Market by Security Type: Endpoint, Network, Application, and Database
4.3: European Smart Grid Cyber Security Market
4.3.1: European Smart Grid Cyber Security Market by Deployment Mode: Cloud and On-premises
4.3.2: European Smart Grid Cyber Security Market by Security Type: Endpoint, Network, Application, and Database
4.4: APAC Smart Grid Cyber Security Market
4.4.1: APAC Smart Grid Cyber Security Market by Deployment Mode: Cloud and On-premises
4.4.2: APAC Smart Grid Cyber Security Market by Security Type: Endpoint, Network, Application, and Database
4.5: ROW Smart Grid Cyber Security Market
4.5.1: ROW Smart Grid Cyber Security Market by Deployment Mode: Cloud and On-premises
4.5.2: ROW Smart Grid Cyber Security Market by Security Type: Endpoint, Network, Application, and Database
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Grid Cyber Security Market by Deployment Mode
6.1.2: Growth Opportunities for the Global Smart Grid Cyber Security Market by Subsystem
6.1.3: Growth Opportunities for the Global Smart Grid Cyber Security Market by Security Type
6.1.4: Growth Opportunities for the Global Smart Grid Cyber Security Market by Service
6.1.5: Growth Opportunities for the Global Smart Grid Cyber Security Market by Region
6.2: Emerging Trends in the Global Smart Grid Cyber Security Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Grid Cyber Security Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smart Grid Cyber Security Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: BAE Systems
7.2: IBM
7.3: Cisco Systems
7.4: Intel
7.5: Siemens
7.6: Symantec
7.7: N-Dimension
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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