Smart Grid Security Market 2022 Analysis of Key Trend, Industry Dynamics and Future Growth 2030

SDKI Inc. published a new research report on "Smart Grid Security Market-Global Forecast 2022-2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-107492

The smart grid security market is estimated to reach US $ 12.96 billion by 2030 from a market value of US $ 7.56 billion in 2022 and is expected to grow at a CAGR of 8% during the 2022-2030 forecast period.

Efficient power consumption and increasing demand for renewable energy resources around the world are expected during the forecast period It is one of the key factors driving the growth of the smart grid security market. Security measures are improved through the continued development and integration of innovative and innovative networking technologies. Given the complexity of smart grids with complex networks, risk factors such as security, data confidentiality, and vulnerabilities are increasing. This can increase attacks by breaking into the network, accessing software, changing load conditions and disrupting the grid. As a result, the demand for smart grid security solutions is increasing.

In addition, the growing government initiative for smart grid technology to digitize the power sector has also contributed to the growth of the smart grid security market during the forecast period. This helps to enhance distribution and usage while reducing transmission losses during power delivery. However, various guidelines related to cyber security can hinder the growth of the smart grid security market during the forecast period.

Continuous technological advances such as the Internet of Things (IoT), artificial intelligence (AI), 5G (5th generation cellular technology), robotics, virtual reality and augmented reality, and cloud computing are key to market growth. I am a contributor. The significant impact of these innovative technologies on almost every part of business and services around the world also contributes to market growth. According to an analysis by the United Nations Conference on Trade and Development (UNCTAD), the 5G market will account for US $ 608 million in 2018 and is estimated to account for an additional US $ 277 billion. China (9.5 million) has the highest number of 5G jobs, followed by the United States (3.4 million) and Japan (2.1 million). Another analysis by UNCTAD shows that Japan's ICT goods exports (% of total goods exports) accounted for 8% in 2019. Similarly, in the same year, the United States accounted for 8.7%, followed by Germany at 4.9%, the United Kingdom at 4%, and France at 3.8%. This growth is estimated to boost market growth during the forecast period.

Sample URL of the report

https://www.sdki.jp/sample-request-107492

Smart Grid Security Market Segment

The smart grid security market is by deployment (on-premises and cloud-based), by security type (databases, applications, networks, endpoints, etc.), by application (smart meters, smart applications, energy-efficient resources, etc.). ), And divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional overview of smart grid security market

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, the Middle East / Africa and more. The North American region occupied the largest share of the global smart grid security market in 2018. This large market share is due to the largest number of technology innovators and the growing adoption of smart grid security in the region. Meanwhile, the Asia Pacific smart grid security market is expected to witness the fastest growth rates during the forecast period. This is due to the growing need for safe and reliable power supplies.

For further analysis, each region is further subdivided into countries:

· Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, and other Asia Pacific)

· North America (US and Canada)

· Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)

· Latin America (Brazil, Mexico, Argentina, and others) Latin America)

· Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Details of the survey report

https://www.sdki.jp/press-details/smart-grid-security-market/307

Key players in the smart grid security market

Key players in the smart grid security market include BAE Systems PLC, IBM Corporation, Cisco Systems, Inc., Intel Corporation, Siemens AG, Symantec Corporation, N-Dimension Solutions and Elster Solutions. The survey includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the smart grid security market.

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SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.