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Global Smart Grid Cyber Security Market 2017-2021

Global Smart Grid Cyber Security Market 2017-2021

About Smart Grid Cyber Security

Smart grid cyber security is the protection against serious cyber threats that affect the users in the smart grid network globally. Cyber security of the smart grid has been an area of concern for the power utility sector, due to frequent exchange of sensitive information that takes place via communication networks such as the internet, intranets, extranets, and corporate networks.

Technavio’s analysts forecast the global smart grid cyber security market to grow at a CAGR of 10.01% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart grid cyber security market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Grid Cyber Security Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BAE Systems
  • IBM
  • IOActive
  • Lockheed Martin
Other prominent vendors
  • AlertEnterprise
  • AlienVault
  • Black and Veatch
  • Cisco Systems
  • Intel (McAfee)
  • Entergy Services
  • HP
  • N-Dimension Solutions
  • Siemens
  • Sophos
  • Sourcefire
  • Symantec
  • ViaSat
  • VeriSign
  • Honeywell International
  • N-Dimension Solutions
  • AlertEnterprise
  • Leidos
  • Sentryo
  • Eaton
Market driver
  • Increasing vulnerabilities
  • For a full, detailed list, view our report
Market challenge
  • Unpredictability of cyber attacks
  • For a full, detailed list, view our report
Market trend
  • Aging grid infrastructure
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Grid Cyber Security Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart grid cyber security market: BAE Systems, IBM, IOActive, and Lockheed Martin.

Other Prominent Vendors in the market are: AlertEnterprise, AlienVault, Black and Veatch, Cisco Systems, Intel (McAfee), Entergy Services, HP, N-Dimension Solutions, Siemens, Sophos, Sourcefire, Symantec, ViaSat, VeriSign, Honeywell International, N-Dimension Solutions, AlertEnterprise, Leidos, Sentryo, and Eaton.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is aging grid infrastructure. Globally, businesses and industries are highly dependent on the grid for reliable power. Any disruption to the grid can result in losses in billions and exposure of critical information. The concerns about aging grid infrastructure have shifted the focus on grid reliability, and cyber security has been gaining more attention across the world.”

According to the report, one driver in the market is increasing vulnerabilities. Smart grid is a traditional grid integrated with advanced IT systems, which enable utilities to effectively monitor and have greater control of the various sections of the grid. Integrating a traditional grid with advanced computer and communication technologies improves service and reliability through information exchange and active participation of the end-users. Advances in IT and consequent implementation of such technologies improve power distribution and generation control, this, however, introduces serious cyber security concerns.

Further, the report states that one challenge in the market is unpredictability of cyber-attacks. Smart grid employs smart meters, which are connected to the customers' household appliances. Smart meters communicate and show users their electricity consumption data and billing information on personal mobile devices. The data may contain confidential information, which can be hacked and sold. The susceptibility to hacking creates fear in the minds of the user and makes the use of smart meters questionable. Notably, cyber threats within the smart grid market have the ability to evolve faster than the industry's ability to build and implement security procedures, given the vastness of the smart grid network.

Companies Mentioned

BAE Systems, IBM, IOActive, Lockheed Martin, AlertEnterprise, AlienVault, Black and Veatch, Cisco Systems, Intel (McAfee), Entergy Services, HP, N-Dimension Solutions, Siemens, Sophos, Sourcefire, Symantec, ViaSat, VeriSign, Honeywell International, N-Dimension Solutions, AlertEnterprise, Leidos, Sentryo, and Eaton.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Smart grid conceptual model
  • Market landscape
    • Market overview
      • Table Global smart grid cyber security market 2017-2021: Overview
    • Market size and forecast
      • Table Global smart grid cyber security market 2016-2021 ($ millions)
      • Table Application areas in terms of resistant to breach and magnitude of impact to theoverall grid system
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global smart grid cyber security market by application
      • Table Global smart grid cyber security market by application 2016 and 2021 (%)
      • Table Global smart grid cyber security market by application 2016-2021 ($ millions)
    • Consumption
      • Table Global smart grid cyber security market by consumption 2016-2021 ($ millions)
    • Generation
      • Table Global smart grid cyber security market by generation 2016-2021 ($ millions)
    • Distribution and control
      • Table Global smart grid cyber security market by distribution and control 2016-2021 ($millions)
  • Geographical segmentation
    • Global smart grid cyber security market by geography
      • Table Global smart grid cyber security market by geography 2016 and 2021 (%)
      • Table Global smart grid cyber security market by geography 2016-2021 ($ millions)
    • Americas
      • Table Smart grid cyber security market in Americas 2016-2021 ($ millions)
      • Table Major infrastructure protected under the Presidential Policy Directive 21 in the US
    • EMEA
      • Table Smart grid cyber security market in EMEA 2016-2021 ($ millions)
      • Table European grid stability scenario security levels
    • APAC
      • Table Smart grid cyber security market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increased investments in grid modernization
      • Table Smart grid technology application areas
    • Aging grid infrastructure
    • Advances in smart grid technology
  • Vendor landscape
    • Competitive Scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • BAE Systems
      • Table Products and services offered by BAE Systems
    • IBM
    • IOActive
    • Lockheed Martin
  • Appendix
    • List of abbreviations67
  • Explore Technavio

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