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GCC Smart Grid Security Market to Reach US$ 2.4 Billion by 2027 At CAGR of 14.9%

12-26-2022 08:01 AM CET | IT, New Media & Software

Press release from: IMARC Group

GCC Smart Grid Security Market

GCC Smart Grid Security Market

According to IMARC Group's latest report, titled "๐†๐‚๐‚ ๐’๐ฆ๐š๐ซ๐ญ ๐†๐ซ๐ข๐ ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•", the GCC smart grid security market size reached US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2027, exhibiting a growth rate (CAGR) of 14.9% during 2022-2027

Smart grid security refers to the several services and solutions that are utilized to secure communications, power grids, and information technology (IT) systems. It comprises advanced components and control measures that provide an enhanced level of interfaces for sensing and measurement. Smart grid security offers high reliability, cost-effectiveness, efficiency, and an alternative form of clean energy distribution throughout the grid. The system uses technological solutions, such as antimalware, firewalls, antivirus, identity and access management (IAM), intrusion detection, data loss prevention (DLP) systems, etc., to lower the possibility of power grid collapse or equipment malfunction. As a result, smart grid security finds widespread applications in endpoint, network, and database protection.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/gcc-smart-grid-security-market/requestsample

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.

๐†๐‚๐‚ ๐’๐ฆ๐š๐ซ๐ญ ๐†๐ซ๐ข๐ ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The escalating demand for electricity and power generation and the inflating need for these systems to ensure communications and deployments, owing to the high instances of cyberattacks, are among the primary factors driving the GCC smart grid security market. Besides this, the rising integration of cloud and web-based applications across various industrial verticals and the easy access to improved and affordable energy systems are further augmenting the market growth.

Moreover, consumers are utilizing smart grid security solutions with their connected devices to safeguard the home area network (HAN) and ensure the privacy and protection of data, which is also catalyzing the market growth across GCC. Apart from this, the widespread adoption of supervisory control and data acquisition (SCADA) systems is acting as another significant growth-inducing factor. Furthermore, the launch of several favorable policies by government bodies to digitize the power sector with this technology is expected to bolster the GCC smart grid security market in the coming years.

๐๐ฎ๐ฒ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=3768&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

Breakup by Component:
โ€ข Solution
โ€ข Services

Breakup by Subsystem:
โ€ข Demand Response System
โ€ข Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
โ€ข Home Energy Management System
โ€ข Advanced Metering Infrastructure
โ€ข Others

Breakup by Deployment Type:
โ€ข Cloud-based
โ€ข On-premise

Breakup by Security Type:
โ€ข Endpoint Security
โ€ข Application Security
โ€ข Database Security
โ€ข Network Security
โ€ข Others

Breakup by Country:
โ€ข Saudi Arabia
โ€ข UAE
โ€ข Qatar
โ€ข Oman
โ€ข Kuwait
โ€ข Bahrain

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: https://www.imarcgroup.com/request?type=report&id=3768&flag=C

๐Š๐ž๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022-2027)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข 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.

๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ:

India Digital Asset Management Market: https://www.imarcgroup.com/india-digital-asset-management-market

Asia Pacific Digital Asset Management Market: https://www.imarcgroup.com/asia-pacific-digital-asset-management-market

GCC Digital Asset Management Market: https://www.imarcgroup.com/gcc-digital-asset-management-market

India E-learning Market: https://www.imarcgroup.com/india-e-learning-market

Asia Pacific E-learning Market: https://www.imarcgroup.com/asia-pacific-e-learning-market

Contact Us:

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
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

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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