Smart Grid Security Market Size To Expand at a Notable CAGR Of 10.73% During 2018 - 2023 | Top Key Players - Elster Solutions, Alert Enterprise, Leidos, Cisco Systems, Intel, Lockheed Martin and Others

Market synopsis

Global smart grid security market is expected to grow from USD 405.37 million in 2017 to USD 747.07 million by 2023, at a CAGR of 10.73% during the forecast period.
Smart grid is the integration of traditional power grid with the information technologies such as cloud computing, IoT, connected utilities, smart utilizes among others. This integration has resulted in benefits such as improved availability & distribution of the power across region. Furthermore, it helps achieve an efficient, economical, and clean power distribution. The key drivers for the smart grid security market are increasingly investments to shift country utility infrastructure to smart grid, increased sophistication of cyber-attacks, and growing need to comply with energy generation and consumption regulations and standards. Furthermore, the rise in adoption of Internet of Things (IoT) and digitization in energy sector that has led to increased deployment of web & cloud-based business applications has resulted in the demand for smart grid security solutions.

Smart grid security market, by security type, is segmented into endpoint, network, application, and database. The application security is expected to register the highest CAGR during the forecast period owing to the growing application of IoT and adoption of connected devices in the utility sector. Whereas, network security holds the largest market share in the smart grid security market owing to the increased sophistication of cyber-attacks occurring in the utility sector.

The key players operating in the smart grid security market are 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.), Alert Enterprise (U.S.), Leidos (U.S.), Symantec Corporations (US), Lockheed Martin Corporation (US) and McAfee LLC (US). These players are largely investing in organic growth strategies such as new product development and existing product enhancements to strengthen their position in the global smart grid market.

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Segmentation

Smart grid security market is segmented based on deployment, security type, application and region.
By deployment, the market is bifurcated into on-premise and cloud.
Based on the security type, the market is segmented into endpoint, network, application, and database.
Based on application, the market is segmented into consumption, generation, and distribution & control.
By region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.

Brief TOC of Smart Grid Security Market

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
3.5 Assumptions & Limitations
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Smart Grid Security Market
5 Market Overview Of Global Smart Grid Security Market
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Challenges
5.2.4 Opportunity
6 Market Alerts
6.1 Introduction
6.2 Technological Innovation
6.3 Impact Analysis
7 Global Smart Grid Security Market By Deployment
7.1 Introduction
7.2 On-Premise
7.2.1 Market Overview
7.2.2 Market Estimates & Forecast By Region, 2018–2023
7.3 Cloud
7.3.1 Market Estimates & Forecast, 2018–2023
7.3.2 Market Estimates & Forecast By Region, 2018–2023
8 Global Smart Grid Security Market By Security Type
8.1 Introduction
8.2 Endpoint
8.2.1 Market Estimates & Forecast, 2018–2023
8.2.2 Market Estimates & Forecast, By Region, 2018–2023
8.3 Network
8.3.1 Market Estimates & Forecast, 2018–2023
8.3.2 Market Estimates & Forecast, By Region, 2018–2023
8.4 Application
8.4.1 Market Estimates & Forecast, 2018–2023
8.4.2 Market Estimates & Forecast, By Region, 2018–2023
8.5 Database
8.5.1 Market Estimates & Forecast, 2018–2023
8.5.2 Market Estimates & Forecast, By Region, 2018–2023
Continue…

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