Leading Growth Driver in the Cloud Security In Energy Market in 2025: IoT Expansion Fuels Surge In Cloud Security Demand Within The Energy Sector Driver's Influence

Which drivers are expected to have the greatest impact on the over the cloud security in energy market's growth?
The accelerated use of IoT devices is poised to stimulate the expansion of cloud security in the energy sector in the future. Non-traditional computing hardware such as machines, appliances, actuators, sensors, and wirelessly connected machines capable of data transmission over a network is collectively referred to as the Internet of Things (IoT). These IoT devices facilitate perpetual monitoring of extensively distributed operations, supplying instantaneous data for the energy sector to refine their processes and enhance efficiency. For example, Uswitch Limited, a Financial Conduct Authority based in the UK, revealed in February 2023 that there was a 3.8% (or roughly 2.6 million) surge in the number of smartphones in the UK, totalling 71.8 million since 2022. Furthermore, it is expected that by 2025, of the 68.3 million UK residents, 95% (or around 65 million people) will own smartphones. Thus, the swift diffusion of IoT devices is propelling the growth of cloud security in the energy sector.

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What is the future CAGR of the cloud security in energy market, and how will it impact industry expansion?
The market size of cloud security in the energy sphere has rapidly expanded in the past few years. The increase from $1.39 billion in 2024 to the predicted $1.54 billion in 2025, equates to a compound annual growth rate (CAGR) of 10.6%. The significant growth during the historical period can be linked to optimized operations, integration of IoT gadgets, initiation of digital transformation, complications in IT settings, cost cutting, and scalability.

The market size of cloud security in the energy sector is projected to experience swift expansion in the coming years. It is anticipated to reach $2.29 billion by 2029, with a compound annual growth rate (CAGR) of 10.4%. The growth during the predicted period can be linked to the growing use of cloud computing, escalating cyber security threats, globalisation of energy operations, regulatory compliance necessities, and concerns over data sensitivity and confidentiality. Key trends for the projected period comprise advanced persistent threats (APTs), the use of edge computing, emphasis on zero trust security models, sustained regulatory focus on security, and swift progress in technology.

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What new trends are reshaping the cloud security in energy market and its opportunities?
Leading organizations in the cloud security sector for the energy market are enhancing their market profitability by focusing on strategic partnerships. Such strategic partnerships entail cooperative agreements between two or more firms in order to attain mutually advantageous objectives. For instance, in October 2023, Tenable Inc., an American cybersecurity firm, formed a partnership with Siemens Energy AG, another US-based energy firm. The purpose of this partnership was to bolster the security of Operational Technology (OT) environments within the energy sector. The collaboration is expected to strengthen Siemens Energy's Omnivise T3000 cybersecurity, simplifying compliance with industry standards. Siemens Energy has taken advantage of Tenable OT Security for tasks like asset discovery and vulnerability management. Currently, after several years of collaboration, Tenable OT Security will be incorporated as a Network Intrusion Detection System (NIDS) into Siemens Energy's Omnivise T3000 control system.

Which key market segments comprise the cloud security in energy market and drive its revenue growth?
The cloud security in energy market covered in this report is segmented -

1) By Service: Infrastructure as a service (IaaS), Platform as a service (PaaS), Software as a service (SaaS)
2) By Solution Type: Identity and Access Management, Data Loss Prevention, IDS/IPS, Security Information and Event Management, Encryption
3) By Infrastructure: Servers, Storage, Networking equipment
4) By Platforms: Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP)

Subsegments:
1) By Infrastructure As A Service (IaaS): Virtual Private Cloud (VPC), Public Cloud Infrastructure, Private Cloud Infrastructure, Hybrid Cloud Infrastructure, Disaster Recovery Solutions
2) By Platform As A Service (PaaS): Application Development Platforms, Data Management Platforms, Integration Platforms, Middleware Solutions, Security Platforms
3) By Software As A Service (SaaS): Security Information And Event Management (SIEM), Identity And Access Management (IAM), Threat Detection And Response, Compliance Management Solutions, Endpoint Security Solutions

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What regions are at the forefront of cloud security in energy market expansion?
North America was the largest region in the cloud security in energy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud security in energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the cloud security in energy market?
Major companies operating in the cloud security in energy market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, accenture* Plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., Broadcom Inc., SAP SE, ABB Ltd., Salesforce.com Inc., NTT DATA Corporation, Cognizant Technology Solutions Corporation, Infosys Limited, VMware Inc., Wipro Limited, Tech Mahindra Limited, Palo Alto Networks Inc., Fortinet Inc., Red Hat Inc., Trend Micro Incorporated, Nutanix Inc., Zscaler Inc., Sophos Ltd.

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What Is Covered In The Cloud Security In Energy Global Market Report?

• Market Size Forecast: Examine the cloud security in energy market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cloud security in energy market for a structured understanding.
• Key Players Overview: Analyze major players in the cloud security in energy market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud security in energy market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cloud security in energy market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud security in energy market.
• Industry Challenges: Identify potential risks and obstacles affecting the cloud security in energy market.
• Competitive Landscape: Review strategic developments in the cloud security in energy market, including expansions, agreements, and new product launches.

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