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Smart Grid Security Market Report 2021, Industry Analysis, Share, Size and Forecast Till 2026

The global smart grid security market to exhibit strong growth during the next five years. According to IMARC Group’s latest report.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Smart grid security includes various solutions and services used to secure smart power grids, communications, and information technology (IT) systems. They ensure cost-effective, efficient and clean distribution of energy throughout the grid. Smart grid security consists of advanced components and control methods, with integrated communication systems and enhanced interfaces for measurement and sensing. It uses several technological solutions, such as antimalware, firewalls, antivirus, identity and access management (IAM), encryption and data loss prevention (DLP) systems. Various subsystems, including Industrial Control System (ICS), home energy management systems and advanced metering infrastructure, also help in ensuring efficient smart grid security.

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Market Trends

The rising global consumption of electricity, along with the growing prevalence of cyberattacks, has increased the employment of smart grid security systems to secure communications across smart grids. Furthermore, the growing adoption of the web- and cloud-based applications across various industrial verticals is also augmenting the market growth. The demand is further propelled by implementing these security solutions with connected devices to protect data and safeguard the home area network (HAN). Moreover, the integration of Supervisory Control and Data Acquisition (SCADA) systems with the Internet of Things (IoT) is projected to further drive the smart grid security market in the coming years.

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List of Key Companies Covered in this Market Report:

AlertEnterprise Inc.
BAE Systems
Broadcom Inc.
Cisco Systems Inc.
Honeywell International Inc.
International Business Machines Corporation
Leidos (NYSE: LDOS)
Lockheed Martin Corporation (NYSE: LMT)
N-Dimension Solutions Inc. (IPKeys Power Partners LLC)
Siemens Aktiengesellschaft (ETR: SIE)
Sophos Ltd. (Thoma Bravo LLC)

Note: 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.

The report has segmented the market on the basis of component, subsystem, deployment type, organization size, end use and geography.

Breakup by Component:

Solution
Encryption
Antivirus and Antimalware
Identity and Access Management (IAM)
Firewall
Others
Services
Managed Services
Professional Services
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 Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Related Report by IMARC Group:

Messaging Security Market Report: https://www.imarcgroup.com/messaging-security-market

Security Analytics Market Report: https://www.imarcgroup.com/security-analytics-market

Artificial Intelligence Market Report: https://www.imarcgroup.com/artifical-intelligence-market

Geographic Information System (GIS) Market Report: https://www.imarcgroup.com/geographic-information-system-market

Payroll Outsourcing Market Report: https://www.imarcgroup.com/payroll-outsourcing-market

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.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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