Press release
GCC Smart Grid Security Market to Reach US$ 2.4 Billion by 2027 At CAGR of 14.9%
According to IMARC Group's latest report, titled "๐๐๐ ๐๐ฆ๐๐ซ๐ญ ๐๐ซ๐ข๐ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", 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 2022-2027Smart 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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: 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.
๐๐๐ ๐๐ฆ๐๐ซ๐ญ ๐๐ซ๐ข๐ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
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.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: 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.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
Breakup by Component:
โข Solution
โข Services
Breakup by Subsystem:
โข Demand Response System
โข Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
โข Home Energy Management System
โข Advanced Metering Infrastructure
โข Others
Breakup by Deployment Type:
โข Cloud-based
โข On-premise
Breakup by Security Type:
โข Endpoint Security
โข Application Security
โข Database Security
โข Network Security
โข Others
Breakup by Country:
โข Saudi Arabia
โข UAE
โข Qatar
โข Oman
โข Kuwait
โข Bahrain
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/request?type=report&id=3768&flag=C
๐๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ:
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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