Smart Grid Security Market by Solution, Service, Deployment Mode (Cloud, On-premises), Subsystem (SCADA/ICS, AMI, Demand Response, Home Energy Management), Security Type (Endpoint, Network, Application, Database) and Region - Global Forecast to 2021

  • ID: 4328402
  • Report
  • Region: Global
  • 159 Pages
  • Markets and Markets
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The Smart Grid Security Market Size is Estimated to Grow from USD 4.29 Billion in 2016 to USD 7.00 Billion by 2021 at a CAGR of 10.3%

FEATURED COMPANIES

  • Alertenterprise
  • BAE Systems PLC
  • Cisco Systems, Inc.
  • Elster Solutions
  • IBM Corporation
  • Intel Security (Mcafee)
  • MORE

“Increased sophistication of attacks on smart grid infrastructure is driving the growth of the smart grid security market”

The author estimates the global smart grid security market to grow from USD 4.29 billion in 2016 to USD 7.00 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.3%. The smart grid security market is growing rapidly because of the increase in adoption of smart grid security solutions, due to the increase in security breaches targeting enterprises. However, factors such as lack of security awareness among smart grid stakeholders are restraining the growth of the smart grid security market.  

“IAM solution to have the highest growth rate during the forecast period”

Smart grid security solutions have been deployed in a large number of energy and utilities sector across the globe. Identity and Access Management (IAM) solutions provide a business security process framework, enabling the initiation and management of user identity and related access permissions in an automated fashion. The IAM solution is expected to witness the highest CAGR during the forecast period because of the increasing risk over maintenance of sensitive data.

“SCADA/ICS subsystem to have the largest market size in 2016”

Supervisory Control and Data Acquisition (SCADA)/Industrial Control System (ICS) security is estimated to have the largest market size in 2016 because of the growing need to secure complex subsystems in smart grid. The growth in SCADA and ICS security is associated with the rise in security breaches targeting critical infrastructure in enterprises, where hackers try to gain access to sensitive data. Furthermore, application demand response subsystem will grow at the highest CAGR during the forecast period, due to the organization’s need to balance the demand and supply of electricity.

“APAC is expected to have the highest growth rate during the forecast period”

Asia-Pacific (APAC) includes emerging economies, such as China, India, and Singapore, which are rapidly deploying smart grid security solutions. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises in the region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the smart grid security marketplace.

  • By Company Type: Tier 1: 48%, Tier 2: 28%, Tier 3: 24%
  • By Designation: C-Level: 34%, Director Level: 46%, Others: 20%
  • By Region: North America: 52%, Europe: 26%, APAC: 16%, ROW: 6%

The report includes the study of key players offering smart grid security services; BAE Systems PLC (U.K.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Intel Corporation (Intel Security) (U.S.), Siemens AG (Germany), Symantec Corporation (U.S.), N-Dimension Solutions (Canada), Elster Solutions (U.S.), AlertEnterprise (U.S.), and Leidos (U.S.) are some of the companies profiled in the report. The report includes in-depth competitive analysis of these key players in the smart grid security market, with their company profiles, SWOT analysis, recent developments, and key market strategies.

The report will help the market leaders or new entrants in this market in the following ways:

1. This report segments the market into various subsegments, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different industry verticals and regions.

2. This report will help in better understanding of the competitors and gaining insights to better one’s position in the market. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers & acquisitions, integrations & expansions, and collaborations of various market vendors. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.

3. The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Alertenterprise
  • BAE Systems PLC
  • Cisco Systems, Inc.
  • Elster Solutions
  • IBM Corporation
  • Intel Security (Mcafee)
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data Points Taken From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Smart Grid Security Market
4.2 Market By Security Type
4.3 Market By Region and Solution
4.4 Market Potential
4.5 Lifecycle Analysis, By Region, 2016

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Solution
5.3.2 By Service
5.3.3 By Deployment Mode
5.3.4 By Subsystem
5.3.5 By Security Type
5.3.6 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Global Development of Smart Grids
5.4.1.2 Increased Sophistication of Cyberattacks
5.4.1.3 Need to Comply With Standards and Regulations
5.4.2 Restraints
5.4.2.1 Lack of Security Awareness Among Smart Grid Stakeholders
5.4.3 Opportunities
5.4.3.1 Continuous Evolution of Smart Grids
5.4.3.2 Integrated Offering of Smart Grid IT and Cybersecurity Solutions
5.4.4 Challenges
5.4.4.1 Maintaining Cybersecurity Standards Over Time

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking
6.4 Smart Grid Security Standards
6.4.1 National Institute of Standards and Technology (NIST)
6.4.2 Ieee Smart Grid
6.4.3 Enisa

7 Smart Grid Security Market Analysis, By Solution
7.1 Introduction
7.2 Firewall
7.3 Identity and Access Management (IAM)
7.4 Antivirus/Antimalware
7.5 Encryption
7.6 Security and Vulnerability Management (SVM)
7.7 Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
7.8 Distributed Denial of Service (DDOS)
7.9 Others

8 Smart Grid Security Market Analysis, By Service
8.1 Introduction
8.2 Professional Services
8.2.1 Consulting
8.2.2 Education and Training
8.2.3 Support and Maintenance
8.3 Managed Services

9 Smart Grid Security Market Analysis, By Deployment Mode
9.1 Introduction
9.2 Cloud
9.3 On-Premises

10 Smart Grid Security Market Analysis, By Subsystem
10.1 Introduction
10.2 Supervisory Control and Data Acquisition/Industrial Control System (SCADA/ICS)
10.3 Advanced Metering Infrastructure (AMI)
10.4 Demand Response
10.5 Home Energy Management

11 Smart Grid Security Market Analysis, By Security Type
11.1 Introduction
11.2 Endpoint Security
11.3 Network Security
11.4 Application Security
11.5 Database Security

12 Smart Grid Security Market Analysis, By Region
12.1 Introduction
12.2 North America
12.2.1 United States
12.2.2 Canada
12.3 Europe
12.3.1 United Kingdom
12.3.2 Germany
12.3.3 France
12.3.4 Rest of Europe (Spain, Denmark and Italy)
12.4 Asia-Pacific (APAC)
12.4.1 China
12.4.2 Japan
12.4.3 Australia
12.4.4 Rest of APAC (India, Singapore, South Korea, and Malaysia)
12.5 Middle East and Africa
12.5.1 The Middle East (UAE, Saudi Arabia, Turkey)
12.5.2 Africa (South Africa and Nigeria)
12.6 Latin America
12.6.1 Brazil
12.6.2 Mexico
12.6.3 Rest of Latin America (Argentina, Colombia, and Chile)

13 Competitive Landscape
13.1 Overview
13.2 Vendor Analysis
13.3 Competitive Situation and Trends
13.3.1 New Product Launches
13.3.2 Agreements, Partnerships, and Collaborations
13.3.3 Mergers and Acquisitions
13.3.4 Business Expansions

14 Company Profiles
14.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
14.2 BAE Systems PLC
14.3 IBM Corporation
14.4 Cisco Systems, Inc.
14.5 Intel Security (Mcafee)
14.6 Siemens AG
14.7 Symantec Corporation
14.8 N-Dimension Solutions, Inc.
14.9 Elster Solutions
14.10 Alertenterprise
14.11 Leidos
14.12 Key Innovators

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Other Developments
15.1.1 Other Developments: Partnerships, Agreements, and Collaborations
15.1.2 Other Developments: New Product Launches
15.2 Industry Experts

List of Tables

Table 1 Smart Grid Security Market Size and Growth Rate, 2014–2021 (USD Million, Y-O-Y %)
Table 2 Market Size, By Solution, 2014–2021 (USD Million)
Table 3 Firewall Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 4 IAM Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 5 Antivirus/Antimalware Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Encryption Solution: rity Market Size, By Region, 2014–2021 (USD Million)
Table 7 SVM Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 8 IDS/IPS Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 9 DDOS Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Others Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Smart Grid Security Market Size, By Service, 2014–2021 (USD Million)
Table 12 Professional Services: Market Size, By Region, 2014–2021 (USD Million)
Table 13 Smart Grid Security Market Size, By Professional Service, 2014–2021 (USD Million)
Table 14 Consulting: Market Size, By Region, 2014–2021 (USD Million)
Table 15 Education and Training: Market Size, By Region, 2014–2021 (USD Million)
Table 16 Support and Maintenance: Market Size, By Region, 2014–2021 (USD Million)
Table 17 Managed Services: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Smart Grid Security Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 19 Cloud Deployment Mode: Market Size, By Region, 2014–2021 (USD Million)
Table 20 On-Premises: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Smart Grid Security Market Size, By Subsystem, 2014–2021 (USD Million)
Table 22 SCADA/ICS Subsystem: Market Size, By Region, 2014–2021 (USD Million)
Table 23 AMI Subsystem: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Demand Response Subsystem: Market Size, By Region, 2014–2021 (USD Million)
Table 25 Home Energy Management Subsystem: Market Size, By Region, 2014–2021 (USD Million)
Table 26 Smart Grid Security Market Size, By Security Type, 2014–2021 (USD Million)
Table 27 Endpoint Security: Market Size, By Region, 2014–2021 (USD Million)
Table 28 Network Security: Market Size, By Region, 2014–2021 (USD Million)
Table 29 Application Security: Market Size, By Region, 2014–2021 (USD Million)
Table 30 Database Security: Market Size, By Region, 2014–2021 (USD Million)
Table 31 Smart Grid Security Market Size, By Region, 2014–2021 (USD Million)
Table 32 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 33 North America: Market Size, By Service, 2014–2021 (USD Million)
Table 34 North America: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 35 North America: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 36 North America: Market Size, By Subsystem, 2014–2021 (USD Million)
Table 37 North America: Market Size, By Security Type, 2014–2021 (USD Million)
Table 38 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 39 Europe: Smart Grid Security Market, By Solution, 2016–2021 (USD Million)
Table 40 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 41 Europe: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 42 Europe: Market Size, By Deployment Mode, 2014-2021 (USD Million)
Table 43 Europe: Market Size, By Subsystem, 2014-2021 (USD Million)
Table 44 Europe: Market Size, By Security Type, 2014–2021 (USD Million)
Table 45 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 46 APAC: Smart Grid Security Market, By Solution, 2016–2021 (USD Million)
Table 47 APAC: Market Size, By Service, 2014–2021 (USD Million)
Table 48 APAC: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 49 APAC: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 50 APAC: Market Size, By Subsystem, 2014–2021 (USD Million)
Table 51 APAC: Market Size, By Security Type, 2014–2021 (USD Million)
Table 52 APAC: Market Size, By Country, 2014–2021 (USD Million)
Table 53 MEA: Smart Grid Security Market, By Solution, 2016–2021 (USD Million)
Table 54 MEA: Market Size, By Service, 2014–2021 (USD Million)
Table 55 MEA: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 56 MEA: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 57 MEA: Market Size, By Subsystem, 2014–2021 (USD Million)
Table 58 MEA: Market Size, By Security Type, 2014–2021 (USD Million)
Table 59 MEA: Market Size, By Sub-Region, 2014–2021 (USD Million)
Table 60 Latin America: Smart Grid Security Market, By Solution, 2016–2021 (USD Million)
Table 61 Latin America: Market Size, By Service, 2014–2021 (USD Million)
Table 62 Latin America: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 63 Latin America: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 64 Latin America: Market Size, By Subsystem, 2014–2021 (USD Million)
Table 65 Latin America: Market Size, By Security Type, 2014–2021 (USD Million)
Table 66 Latin America: Market Size, By Country, 2014–2021 (USD Million)
Table 67 New Product Launches, 2015–2016
Table 68 Agreements, Partnerships, and Collaborations, 2016
Table 69 Mergers and Acquisitions, 2014–2016
Table 70 Business Expansions, 2014–2016
Table 71 Other Developments: Partnerships, Agreements, and Collaborations, 2014–2015
Table 72 Other Developments: New Product Launches, 2014–2015

List of Figures

Figure 1 Smart Grid Security: Research Methodology
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Smart Grid Security: Data Triangulation
Figure 6 North America Held Largest Share in Global Smart Grid Security Market in 2016
Figure 7 IAM Segment to Hold Largest Share in Smart Grid Security Market, By Solution, During 2016-2021 (USD Million)
Figure 8 Managed Services Segment to Record Higher Growth in Market During 2016-2021 (USD Million)
Figure 9 Cloud Segment to Record Higher Growth in Market, By Deployment Mode, During 2016-2021 (USD Million)
Figure 10 AMI Segment to Hold Largest Share in Market, By Subsystem, During 2016-2021 (USD Million)
Figure 11 Application Security Type to Record Highest Growth in Smart Grid Security Market During 2016-2021 (USD Million)
Figure 12 Large Scale Development of Smart Grids and Increased Sophistication of Cyberattacks to Create Remarkable Growth Opportunities
Figure 13 Application Security Type to Record Highest Growth During 2016-2021 (USD Million)
Figure 14 North America & IAM Segment Estimated to Hold Largest Share in Global Smart Grid Security Market, By Region & Solution in 2016
Figure 15 APAC to Record Highest Growth in Global Market, By Region, During 2016-2021 (USD Million)
Figure 16 Regional Lifecycle: APAC Market in the Growth Phase in 2016
Figure 17 Evolution of Market
Figure 18 Market Segmentation By Solution
Figure 19 Market Segmentation By Service
Figure 20 Market Segmentation By Deployment Mode
Figure 21 Market Segmentation By Subsystem
Figure 22 Market Segmentation By Security Type
Figure 23 Market Segmentation By Region
Figure 24 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 25 Smart Grid Projects Across the Globe
Figure 26 Value Chain Analysis
Figure 27 New Product Launches
Figure 28 IAM Solution to Hold Highest Share in Market During 2016-2021 (USD Million)
Figure 29 Managed Services to Record Highest Growth in Market During 2016-2021 (USD Million)
Figure 30 Cloud Deployment Mode to Record Higher Growth During 2016-2021 (USD Million)
Figure 31 AMI Subsystem to Hold Largest Share of Market During 2016-2021 (USD Million)
Figure 32 Application Security to Record Highest Growth During 2016-2021 (USD Million)
Figure 33 APAC to Offer Huge Growth Opportunities for Smart Grid Security Vendors During 2016-2021
Figure 34 APAC to Record Highest Growth in Global Market During 2016-2021 (USD Million)
Figure 35 North America Market Snapshot
Figure 36 APAC Market Snapshot
Figure 37 Top Companies Adopted New Product Launches as the Key Growth Strategy During 2014–2016
Figure 38 Vendor Analysis of Smart Grid Security Product Offerings
Figure 39 Vendor Analysis of Business Strategy
Figure 40 Market Evaluation Framework
Figure 41 Battle for Market Share: New Product Launches and Partnerships, Agreements, & Collaborations the Key Strategies Adopted By Leading Market Players Between 2014-2016
Figure 42 Geographic Revenue Mix of Top Players in Global Smart Grid Security Market
Figure 43 BAE Systems PLC: Company Snapshot
Figure 44 BAE Systems PLC: SWOT Analysis
Figure 45 IBM Corporation: Company Snapshot
Figure 46 IBM Corporation: SWOT Analysis
Figure 47 Cisco Systems, Inc.: Company Snapshot
Figure 48 Cisco Systems, Inc.: SWOT Analysis
Figure 49 Intel Security: Company Snapshot
Figure 50 Intel Security: SWOT Analysis
Figure 51 Siemens AG: Company Snapshot
Figure 52 Siemens AG: SWOT Analysis
Figure 53 Symantec Corporation: Company Snapshot
Figure 54 Leidos: Company Snapshot

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  • Alertenterprise
  • BAE Systems PLC
  • Cisco Systems, Inc.
  • Elster Solutions
  • IBM Corporation
  • Intel Security (Mcafee)
  • Leidos
  • N-Dimension Solutions, Inc.
  • Siemens AG
  • Symantec Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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