Smart grid technology is the unification of the traditional power grid with the information technology system which include cloud computing systems, some of the connected utilities, IoT, smart utilized, and many others. Their unification had led to certain benefits which include improved availability and distribution of power across several areas. It helps for the achievement of clean distribution of power, makes it efficient and more economical.
Frequently Asked Questions
The market is segmented based on Segmentation, By Solution (Firewall, Identity and Access Management (IAM), Antivirus/Antimalware, Encryption, Security and Vulnerability Management (SVM), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), Distributed Denial of Service (DDOS) and Others), Service (Professional and Managed Services), Deployment Mode (On-Premises and Cloud), Subsystem (Supervisory Control and Data Acquisition/Industrial Control System (SCADA/ICS), Advanced Metering Infrastructure (AMI), Demand Response and Home Energy Management), Security Type (Endpoint Security, Network Security, Application Security and Database Security),– Industry Trends and Forecast to 2031
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The Global Smart Grid Security Market size was valued at USD 57.70 USD Billion in 2023.
The Global Smart Grid Security Market is projected to grow at a CAGR of 15.7% during the forecast period of 2024 to 2031.
The major players operating in the market include BAE Systems, Cisco Systems , Lockheed Martin Corporation, IBM, Black & Veatch Holding Company, IOActive , Entergy Corporation, ALIENVAULT , AlertEnterpise , McAfee LLC, HP INDIA SALES PRIVATE LIMITED, Eaton, VeriSign , Broadcom.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
