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Cyber Security in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020 - Product Image

Cyber Security in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020

  • Published: September 2012
  • 60 Pages
  • GlobalData

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Cyber Security in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020

Summary

Our latest research “Cyber Security in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020” provides insights into global developments related to cyber security in smart grid. The global market for cyber security in smart grid is in the introductory phase with considerable measures being undertaken by countries around the world. The US National Institute of Standards and Technology (NIST) published guidelines for implementing cyber security in smart grid during 2010 and a revised version in 2012, and these guidelines are being considered by a number of countries across the globe for implementation. In Europe, the UK, Germany and the Netherlands are the key countries for smart grid cyber security, as there are a number of guidelines and policies in place to data privacy. The global smart grid cyber security market (excluding China) will grow gradually during the 2012-2020 period. The market, excluding China, is expected to grow at a Compound Annual Growth rate (CAGR) of 21% during 2011-2020 while China will grow at a CAGR of 40% during the same period. READ MORE >

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1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Smart Grid Cyber Security
2.2 GlobalData Report Guidance
3 Global Market for Smart Grid Cyber Security
3.1 Smart Grid Cyber Security Market, Global, Annual Revenues, $bn, 2011-2020
3.2 Smart Grid Cyber Security Market, Global, Key Drivers, 2011
3.2.1 Concern for Data Privacy
3.2.2 Networking of Grid Assets
3.2.3 Protection from External Threats
3.2.4 Rise of Hacktivism to Highlight Social or Political Cause
3.3 Smart Grid Cyber Security Market, Global, Key Barriers, 2011
3.3.1 Lack of Standards for Cyber Security Solutions in Smart Grid
3.3.2 Lack of Security Features Built into Smart Grid Devices
3.3.3 Lack of Effective Mechanism for Sharing Information on Cyber Security
3.3.4 Focus of Utilities on Regulatory Compliance instead of Comprehensive Security
3.3.5 Lack of Widespread Regulations on Cyber Security
3.4 Smart Grid Cyber Security Market, Global, Key Issues
3.4.1 Limited Scope of Cyber Security Standards in Smart Grid
3.4.2 Rise in Mergers and Acquisitions among the Cyber Security Vendors
3.4.3 Entry of Big Players into the Smart Grid Cyber Security Market
3.4.4 Utilities Consider Cyber Security an Unnecessary Cost
3.5 Smart Grid Cyber Security Market, Global, Government and Private Financing Scenario, 2011
3.6 Smart Grid Cyber Security, Global, Key Organizations Promoting Technology Deployment
3.6.1 National Institute of Standards and Technology
3.6.2 European Network and Information Security Agency
3.6.3 European Network for Cyber Security
4 Smart Grid Cyber Security Market, Regional Segmentation
4.1 Smart Grid Cyber Security Market, North America, 2011-2020
4.2 Smart Grid Cyber Security Market, Europe, 2011-2020
4.3 Smart Grid Cyber Security Market, Asia-Pacific, 2011-2020
4.4 Smart Grid Cyber Security Market, Rest-of-the-World, 2011-2020
5 Smart Grid Cyber Security Market in Key Countries
5.1 Smart Grid Cyber Security Market, the US, 2011-2020
5.1.1 Smart Grid Cyber Security Market, the US, Annual Revenues, $bn, 2011-2020
5.1.2 Smart Grid Cyber Security Market, the US, Key Drivers
5.1.3 Smart Grid Cyber Security Market, the US, Key Barriers
5.1.4 Smart Grid Cyber Security Market, the US, Standards
5.1.5 Smart Grid Cyber Security Market, the US, Key Policies, 2011
5.2 Smart Grid Cyber Security Market, Canada, 2011-2020
5.2.1 Smart Grid Cyber Security Market, Canada, Annual Revenues, $bn, 2011-2020
5.2.2 Smart Grid Cyber Security Market, Canada, Key Drivers
5.2.3 Smart Grid Cyber Security Market, Canada, Standards
5.2.4 Smart Grid Cyber Security Market, Canada, Key Policies, 2011
5.3 Smart Grid Cyber Security Market, Germany, 2011-2020
5.3.1 Smart Grid Cyber Security Market, Germany, Annual Revenues, $bn, 2011-2020
5.3.2 Smart Grid Cyber Security Market, Germany, Key Drivers
5.3.3 Smart Grid Cyber Security Market, Germany, Standards
5.3.4 Smart Grid Cyber Security Market, Germany, Key Policies, 2011
5.4 Smart Grid Cyber Security Market, the UK, 2011-2020
5.4.1 Smart Grid Cyber Security Market, the UK, Annual Revenues, $bn, 2011-2020
5.4.2 Smart Grid Cyber Security Market, the UK, Key Drivers
5.4.3 Smart Grid Cyber Security Market, the UK, Key Barriers
5.4.4 Smart Grid Cyber Security Market, the UK, Standards
5.4.5 Smart Grid Cyber Security Market, the UK, Key Policies, 2011
5.5 Smart Grid Cyber Security Market, the Netherlands, 2011-2020
5.5.1 Smart Grid Cyber Security Market, the Netherlands, Annual Revenues, $bn, 2011-2020
5.5.2 Smart Grid Cyber Security Market, the Netherlands, Key Driver
5.5.3 Smart Grid Cyber Security Market, the Netherlands, Standards
5.5.4 Smart Grid Cyber Security Market, the Netherlands, Key Policies, 2011
5.6 Smart Grid Cyber Security Market, China, 2011-2020
5.6.1 Smart Grid Cyber Security Market, China, Annual Revenues, $bn, 2011-2020
5.6.2 Smart Grid Cyber Security Market, China, Key Drivers
5.6.3 Smart Grid Cyber Security Market, China, Standards
6 Smart Grid Cyber Security Technology
6.1 Overview
6.2 Technology Trends Influencing Cyber Security in the Smart Grid
6.3 Smart Grid Cyber Security Market, Research and Development Trends
7 Vendor Landscape Analysis
7.1 Overview
7.2 Smart Grid Cyber Security Market, Global, Product Segment Analysis, 2011
7.2.1 Cyber Security Solutions
7.2.2 Cyber Security Services
7.2.3 Cyber Security Hardware
7.3 Smart Grid Cyber Security Market, Global, Key Vendors, 2011
7.3.1 Cisco Systems, Inc.
7.3.2 International Business Machines Corporation
7.3.3 N-Dimension Solutions Inc.
7.3.4 SAIC, Inc.
7.3.5 Symantec Corporation
7.3.6 NXP Semiconductors N.V.
7.3.7 S&C Electric Company
7.3.8 Waterfall Security Solutions Ltd.
8 Appendix
8.1 Market Definition
8.1.1 Smart Meters
8.1.2 Smart Grid Cyber Security
8.1.3 Substation Automation
8.2 Abbreviations
8.3 Sources
8.4 Methodology
8.4.1 Coverage
8.4.2 Secondary Research
8.4.3 Primary Research
8.4.4 Modeling and Forecasting
8.5 Contact Us
8.6 Disclaimer

1.1 List of Tables
Table 1: Smart Grid Cyber Security Market, Global, Annual Revenues ($bn), 2011-2020
Table 2: Smart Grid Cyber Security Market, Global, Comparison of Annual Revenues Including and Excluding China ($bn), 2011-2020
Table 3: Smart Grid Cyber Security Market, the US, ARRA Funding for Cyber Security Projects, 2010
Table 4: Smart Grid Cyber Security Market, Global, Regional Segmentation of Market Value ($bn), 2011
Table 5: Smart Grid Cyber Security Market, North America, Annual Revenues ($bn), 2011-2020
Table 6: Smart Grid Cyber Security Market, Europe, Key Country Market Share (%), 2011
Table 7: Smart Grid Cyber Security Market, Europe, Annual Revenues ($bn), 2011-2020
Table 8: Smart Grid Cyber Security Market, Asia-Pacific, Comparison of Annual Revenues Including and Excluding China ($bn), 2011-2020
Table 9: Smart Grid Cyber Security Market, Rest-of-the-World, Annual Revenues ($bn), 2011-2020
Table 10: Smart Grid Cyber Security Market, the US, Annual Revenues ($bn), 2011-2020
Table 11: Smart Grid Cyber Security Market, the US, Critical Infrastructure Protection Standards, 2011
Table 12: Smart Grid Cyber Security Market, Canada, Annual Revenues ($bn), 2011-2020
Table 13: Smart Grid Cyber Security Market, Germany, Annual Revenues ($bn), 2011-2020
Table 14: Smart Grid Cyber Security Market, the UK, Annual Revenues ($bn), 2011-2020
Table 15: Smart Grid Cyber Security Market, the Netherlands, Annual Revenues ($bn), 2011-2020
Table 16: Smart Grid Cyber Security Market, China, Annual Revenues ($bn), 2011-2020
Table 17: Smart Grid Cyber Security Market, China, List of International Security Standards Developed by State Grid Corporation of China
Table 18: Smart Grid Cyber Security Market, List of Interfaces for Cyber Security Application, 2010
Table 19: List of Abbreviations

1.2 List of Figures
Figure 1: Smart Grid Cyber Security Market, Global, Growth Stages of Regional Markets, 2011-2020
Figure 2: Smart Grid Cyber Security Market, Global, Annual Revenues ($bn), 2011-2020
Figure 3: Smart Grid Cyber Security Market, Global, Comparison of Annual Revenues Including and Excluding China ($bn), 2011-2020
Figure 4: Smart Grid Cyber Security Market, Global, Comparison of Regional Growth ($bn), 2011-2020
Figure 5: Smart Grid Cyber Security Market, Global, Regional Segmentation (%), 2011
Figure 6: Smart Grid Cyber Security Market, North America, Annual Revenues ($bn), 2011-2020
Figure 7: Smart Grid Cyber Security Market, Europe, Key Country Market Share (%), 2011
Figure 8: Smart Grid Cyber Security Market, Europe, Annual Revenues ($bn), 2011-2020
Figure 9: Smart Grid Cyber Security Market, Asia-Pacific, Comparison of Annual Revenues Including and Excluding China ($bn), 2011-2020
Figure 10: Smart Grid Cyber Security Market, Rest-of-the-World, Annual Revenues ($bn), 2011-2020
Figure 11: Smart Grid Cyber Security Market, the US, Annual Revenues ($bn), 2011-2020
Figure 12: Smart Grid Cyber Security Market, Canada, Annual Revenues ($bn), 2011-2020
Figure 13: Smart Grid Cyber Security Market, Germany, Annual Revenues ($bn), 2011-2020
Figure 14: Smart Grid Cyber Security Market, the UK, Annual Revenues ($bn), 2011-2020
Figure 15: Smart Grid Cyber Security Market, the Netherlands, Annual Revenues ($bn), 2011-2020
Figure 16: Smart Grid Cyber Security Market, the Netherlands, Framework for Security and Privacy
Figure 17: Smart Grid Cyber Security Market, China, Annual Revenues ($bn), 2011-2020
Figure 18: Smart Grid Cyber Security Market, Schematic Representation of Cyber Security Application

China’s Cyber-Attack Fears to Spark Massive Defense Spending

China’s concerns over the safety of its power infrastructure will result in astronomical security spending over the next decade, states the latest report by international business analysts GlobalData.

The new paper* says that China’s cyber security market will expand remarkably in the coming years, from a valuation of $1.8 billion in 2011 to $50 billion by 2020, representing a dramatic compound annual growth rate (CAGR) increase of 44.7%.

The study describes the country’s cyber security market as an ‘anomaly’, due to the scale of expenditure when compared with that of other regions - Europe and North America combined are predicted to spend a comparatively modest $16 billion during the same period.

The Asian giant has a strained relationship with a number of nations in relation to cyber security, with the US in particular often accusing Chinese hackers of attempting to breach their power systems, although this has never been confirmed by Chinese government. Such accusations may have fostered an environment of mistrust in which the Chinese authorities expect retaliatory cyber-attacks on their own power infrastructure.

However, as GlobalData explains, for a country experiencing rapid urbanization and undertaking smart grid construction on a vast geographical scale, the cost of protecting all available access points will be huge. The smart grid building phase is expected to be complete by 2015, at which point tens of thousands of homes will be securely connected at an approximate cost of $1,000 per household.

The Stuxnet computer worm, discovered in 2010, was a major example of the vulnerability of power grids to malicious cyber-attack. The worm focused on five Iran-based organizations and was believed by many to be a deliberate attempt to disrupt the Iranian nuclear power program.

* Cyber Security in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020

This report provides insights into global developments related to cyber security in smart grid.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.

Cisco Systems, Inc.
International Business Machines Corporation
N-Dimension Solutions Inc.
SAIC, Inc.
Symantec Corporation
NXP Semiconductors N.V.
S&C Electric Company
Waterfall Security Solutions Ltd.

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