Cyber Security In Energy Market by Growth, Emerging Trends and Forecast by 2023-2031

The cyber security in energy market was valued at $8.6 billion in 2022, and is estimated to reach $21.8 billion by 2031, growing at a CAGR of 11.3% from 2023 to 2031.

The adoption of several technological advancements, such as the proliferation of artificial intelligence has led to an increase in the adoption of cyber security across several end-user verticals such as energy industry. In addition, technologies like machine learning, and cloud computing benefit the cyber security in energy companies as they can process huge amounts of information.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/A53491

The global cyber security in energy market forecast is influenced by a number of factors such as increase in malware & phishing threats among energy & utility providers, high adoption of cyber security among energy providing organizations, and strong inclination toward cloud-based solutions. Furthermore, constant need to conform to industry standards & regulations in the device security is expected to affect the market growth. Furthermore, surge in adoption of cyber security solutions by organizations aligned to strategic business activities to minimize the damage of IT resources is the major factor expected to provide opportunities for the market growth. Thus, each of these factors is anticipated to have a definite impact on the growth of the global cyber security in energy market during the forecast period.

Moreover, as the risk of cyber threats has increased at an alarming rate, security solutions have increasingly progressed. Solutions, such as antivirus software & firewalls, have grown in complexity and have proven to be effective at preventing threats and attacks, such as malware, Trojans, and phishing. The success of these solutions has led to the rapid development of the cyber security in energy industry, as implementing technical defenses has become a standard best practice in every industry vertical.

Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/53966

By region, the North America dominated the cyber security in energy market share in 2021. This is attributed to the increase in cloud-enabled activities and growth in cloud marketplace trends such as adoption of multi & hybrid cloud environment and private cloud repatriation in North American energy & utility sector.

The key players profiled in the cyber security in energy market analysis are IBM Corporation, General Electric, Vestas, Mitsubishi Power, Hitachi Energy Ltd, Nordex, Ansaldo Energia, Baker Hughes, and Elliot Ebara. These players have adopted various strategies to increase their market penetration and strengthen their position in cyber security in energy market.

Access Full Summary: https://www.alliedmarketresearch.com/cyber-security-in-energy-market-A53491

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
1209 Orange Street
Corporation Trust Center
Wilmington
New Castle
Delaware 19801
USA Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

This release was published on openPR.