Press Release

Smart Grid Security Market Report 2021 Size, Share, Analysis of Key players, Trends & Forecast 2026

iCrowdNewswire   Feb 24, 2021  2:58 AM ET

According to IMARC Group’s latest report, titled “Smart Grid Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global smart grid security market to exhibit strong growth during the next five years.

Smart grid security includes various solutions and services used to secure smart power grids, communications, and information technology (IT) systems. They ensure cost-effective, efficient and clean distribution of energy throughout the grid. Smart grid security consists of advanced components and control methods, with integrated communication systems and enhanced interfaces for measurement and sensing. It uses several technological solutions, such as antimalware, firewalls, antivirus, identity and access management (IAM), encryption and data loss prevention (DLP) systems. Various subsystems, including Industrial Control System (ICS), home energy management systems and advanced metering infrastructure, also help in ensuring efficient smart grid security.

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Market Trends

The rising global consumption of electricity, along with the growing prevalence of cyberattacks, has increased the employment of smart grid security systems to secure communications across smart grids. Furthermore, the growing adoption of the web- and cloud-based applications across various industrial verticals is also augmenting the market growth. The demand is further propelled by implementing these security solutions with connected devices to protect data and safeguard the home area network (HAN). Moreover, the integration of Supervisory Control and Data Acquisition (SCADA) systems with the Internet of Things (IoT) is projected to further drive the smart grid security market in the coming years.

Smart Grid Security Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being AlertEnterprise Inc., BAE Systems, Broadcom Inc., Cisco Systems Inc., Honeywell International Inc., International Business Machines Corporation, Leidos, Lockheed Martin Corporation, N-Dimension Solutions Inc. (IPKeys Power Partners LLC), Siemens Aktiengesellschaft, Sophos Ltd. (Thoma Bravo LLC), etc.

Breakup by Component:

  • Solution
    • Encryption
    • Antivirus and Antimalware
    • Identity and Access Management (IAM)
    • Firewall
    • Others
  • Services
    • Managed Services
    • Professional Services
    • Others

Breakup by Subsystem:

  • Demand Response System
  • Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
  • Home Energy Management System
  • Advanced Metering Infrastructure
  • Others

Breakup by Deployment Type:

  • Cloud-based
  • On-premise

Breakup by Security Type:

  • Endpoint Security
  • Application Security
  • Database Security
  • Network Security
  • Others

For more information about this report:
https://www.imarcgroup.com/smart-grid-security-market

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Keywords:    Smart Grid Security Market, Smart Grid Security Market Report, Smart Grid Security Market Size, Smart Grid Security Market Share, Smart Grid Security Market Industry, Smart Grid Security Market Trends