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MarketsandMarkets

Smart Grid Security Market- Global Forecast to 2021

$5,650.00

Report Published By: MarketsandMarkets
Publication Date : Feb-17
No. Of Pages: 160

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

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data points taken from secondary sources 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE SMART GRID SECURITY MARKET 32
4.2 SMART GRID SECURITY MARKET: BY SECURITY TYPE 32
4.3 SMART GRID SECURITY MARKET, BY REGION AND INDUSTRY VERTICAL 33
4.4 SMART GRID SECURITY MARKET POTENTIAL 33
4.5 LIFECYCLE ANALYSIS, BY REGION, 2016 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 36
5.2 MARKET EVOLUTION 36
5.3 MARKET SEGMENTATION 37
5.3.1 BY SOLUTION 37
5.3.2 BY SERVICE 38
5.3.3 BY DEPLOYMENT MODE 38
5.3.4 BY SUBSYSTEM 39
5.3.5 BY SECURITY TYPE 39
5.3.6 BY REGION 40
5.4 MARKET DYNAMICS 40
5.4.1 DRIVERS 41
5.4.1.1 Global development of smart grids 41
5.4.1.2 Increased sophistication of cyber-attacks 42
5.4.1.3 Need to comply with standards and regulations 42
5.4.2 RESTRAINTS 42
5.4.2.1 Lack of security awareness among smart grid stakeholders 42
5.4.3 OPPORTUNITIES 42
5.4.3.1 Continuous evolution of smart grid 42
5.4.3.2 Integrated offering of smart grid IT and cybersecurity solutions 43
5.4.4 CHALLENGES 43
5.4.4.1 Maintain cybersecurity standards over time 43
6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 44
6.2 VALUE CHAIN ANALYSIS 44
6.3 STRATEGIC BENCHMARKING 45
6.4 SMART GRID SECURITY STANDARDS 46
6.4.1 NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST) 46
6.4.2 INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS (IEEE) SMART GRID 46
6.4.3 EUROPEAN UNION AGENCY FOR NETWORK AND INFORMATION SECURITY (ENISA) 46
7 SMART GRID SECURITY MARKET ANALYSIS, BY SOLUTION 47
7.1 INTRODUCTION 48
7.2 FIREWALL 49
7.3 IDENTITY AND ACCESS MANAGEMENT 50
7.4 ANTIVIRUS/ANTIMALWARE 51
7.5 ENCRYPTION 52
7.6 SECURITY AND VULNERABILITY MANAGEMENT 53
7.7 INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM 54
7.8 DISTRIBUTED DENIAL OF SERVICE 54
7.9 OTHERS 55
8 SMART GRID SECURITY MARKET ANALYSIS, BY SERVICE 57
8.1 INTRODUCTION 58
8.2 PROFESSIONAL SERVICES 59
8.2.1 CONSULTING 60
8.2.2 EDUCATION AND TRAINING 61
8.2.3 SUPPORT AND MAINTENANCE 61
8.3 MANAGED SERVICES 62
9 SMART GRID SECURITY MARKET ANALYSIS, BY DEPLOYMENT MODE 64
9.1 INTRODUCTION 65
9.2 CLOUD 66
9.3 ON-PREMISES 67
10 SMART GRID SECURITY MARKET ANALYSIS, BY SUBSYSTEM 68
10.1 INTRODUCTION 69
10.2 SUPERVISORY CONTROL AND DATA ACQUISITION/INDUSTRIAL CONTROL SYSTEM 70
10.3 ADVANCED METERING INFRASTRUCTURE 70
10.4 DEMAND RESPONSE 71
10.5 HOME ENERGY MANAGEMENT 72
11 SMART GRID SECURITY MARKET ANALYSIS, BY SECURITY TYPE 73
11.1 INTRODUCTION 74
11.2 ENDPOINT SECURITY 75
11.3 NETWORK SECURITY 75
11.4 APPLICATION SECURITY 77
11.5 DATABASE SECURITY 78
12 SMART GRID SECURITY MARKET ANALYSIS, BY REGION 79
12.1 INTRODUCTION 80
12.2 NORTH AMERICA 82
12.2.1 UNITED STATES 86
12.2.2 CANADA 87
12.3 EUROPE 87
12.3.1 UNITED KINGDOM 90
12.3.2 GERMANY 90
12.3.3 FRANCE 90
12.3.4 REST OF EUROPE (SPAIN, DENMARK, AND ITALY) 90
12.4 ASIA-PACIFIC 91
12.4.1 CHINA 95
12.4.2 JAPAN 95
12.4.3 AUSTRALIA 95
12.4.4 REST OF ASIA-PACIFIC (INDIA, SINGAPORE, SOUTH KOREA, AND MALAYSIA) 96
12.5 MIDDLE EAST AND AFRICA 96
12.5.1 THE MIDDLE EAST (UAE, SAUDI ARABIA, TURKEY) 99
12.5.2 AFRICA (SOUTH AFRICA AND NIGERIA) 99
12.6 LATIN AMERICA 100
12.6.1 BRAZIL 103
12.6.2 MEXICO 103
12.6.3 REST OF LATIN AMERICA (ARGENTINA, COLOMBIA, AND CHILE) 103
13 COMPETITIVE LANDSCAPE 104
13.1 OVERVIEW 104
13.2 VENDOR ANALYSIS 105
13.3 COMPETITIVE SITUATION AND TRENDS 107
13.3.1 NEW PRODUCT LAUNCHES 109
13.3.2 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS 110
13.3.3 MERGERS AND ACQUISITIONS 111
13.3.4 BUSINESS EXPANSIONS 112
14 COMPANY PROFILES 113
14.1 INTRODUCTION 113
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
14.2 BAE SYSTEMS PLC 114
14.3 IBM CORPORATION 117
14.4 CISCO SYSTEMS, INC. 122
14.5 INTEL SECURITY (MCAFEE) 127
14.6 SIEMENS AG 132
14.7 SYMANTEC CORPORATION 135
14.8 N-DIMENSION SOLUTIONS, INC. 138
14.9 ELSTER SOLUTIONS 139
14.10 ALERTENTERPRISE 141
14.11 LEIDOS 143
14.12 KEY INNOVATORS 145
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15 APPENDIX 146
15.1 OTHER DEVELOPMENTS 146
15.1.1 OTHER DEVELOPMENTS: PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 146
15.1.2 OTHER DEVELOPMENTS: NEW PRODUCT LAUNCHES 147
15.2 INDUSTRY EXPERTS 150
15.3 DISCUSSION GUIDE 151
15.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 154
15.5 INTRODUCTION RT: REAL-TIME MARKET INTELLIGENCE 156
15.6 AVAILABLE CUSTOMIZATIONS 157
15.7 RELATED REPORTS 157
15.8 AUTHOR DETAILS 158

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