Analysis of the North American Grids Cyber Security Market, Forecast to 2022
Analysis of the North American Grids Cyber Security Market, Forecast to 2022
Growing Appetite for Automation Solutions Fuels Growth in Grid Cyber Security
24-Aug-2018
North America
Description
The cyber security solutions market has been analyzed on the basis of the five different services, namely Network Access & Operations (NA&O), Analytics & Compliance (A&C), Security Services (SS), Internet Property Defense (IPD), and Device Management (DM). This report is segmented based on solutions offered for the transmission & distribution (T&D) and substation parts of the grid.
Growing energy demand is driving significant investments in utility infrastructure such as the T&D network. With growing investments in power generation, there is a strong need for investments in the downstream areas as well. Most of the T&D infrastructure in the US is aged. The number of systems and networks out there in the field are more than 20 years and they were not built to withstand cyber attacks. Further, the advent of advanced automation and control systems including Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Human Machine Interface (HMI) and other high-end networking capabilities has enabled utilities to minimize their downtime and increase the reliability and resiliency of their grid assets.
With the rise in automation systems, there is a growing threat to the safety and integrity of assets as grid assets do not possess a robust security framework for safeguarding against intrusions. Securing each of the value chain components requires a robust physical and IT security solution.
Some of the challenges for the industry include reluctance by utilities in the past to invest in cyber security solutions and the presence of legacy systems along the grid network. Governments are increasingly mandating to protect the critical infrastructures through regulations, fines, or penalties. However, cyber security is beginning to transform the conception of future grid infrastructure in the North American market. The demand for and the adoption of cyber security solutions is mainly driven by factors including rising cyber attacks, regulations and mandates from governments and other regulatory bodies, growing customer touch points along the grid, and the increasing number of smart devices that need cyber protection. This study does not include hardware revenue for market sizing. It also does not take into consideration cyber security solutions developed in-house by the utilities.
Key Issues Addressed
- Is the cyber security market growing, how long will it continue to grow, and at what rate?
- Evaluate and assess the current state of cyber security preparedness for the grids industry.
- How will the structure of the market change with time? Is the market ripe for acquisitions?
- Are the products offered today meeting customer needs or is additional development needed?
- Who are the major market participants?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Findings
Introduction
Market Engineering Measurements
CEO’s Perspective
Associated Multimedia
What is Cyber Security?
Cyber Attacks on the Grid and their Impact
Market Definitions
Federal Level Cyber Security Regulation Timelines
Market Segmentation
Market Distribution Channels
Market Drivers
Market Restraints
Market Engineering Measurements
Revenue Forecast
Regulations—NERC CIP Standards
Regulations
Revenue Forecast Discussion by Service Type
Revenue Forecast by Country
US Cyber Security Legislation
Top-level Snapshot of Start-ups across Services
OEM Start-up Initiatives
Competitive Environment
Competitor Mapping
Growth Opportunity 1—Cyber Insurance
Growth Opportunity 2—Predictive Models for Cyber Security Services
Strategic Imperatives for Success and Growth
Segment Key Findings
Market Engineering Measurements
Revenue Forecast
3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Partial List of Companies Interviewed
Abbreviations and Acronyms Used
List of Exhibits
- 1. Total Grids Cyber Security Market: Key Market Drivers, North America, 2018–2022
- 2. Total Grids Cyber Security Market: Key Market Restraints, North America, 2018–2022
- 3. Total Grids Cyber Security Market: Market Engineering Measurements, North America, 2017
- 4. Total Grids Cyber Security Market: Competitive Structure, North America, 2017
- 5. T&D Segment: Market Engineering Measurements, North America, 2017
- 6. Substation Segment: Market Engineering Measurements, North America, 2017
- 1. Total Grids Cyber Security Market: Market Engineering Measurements, North America, 2017
- 2. Total Grids Cyber Security Market: Cyber Security Regulations Timeline, North America, 1998-till Date
- 3. Total Grids Cyber Security Market: Percent Revenue Breakdown by Service Type, North America, 2017
- 4. Total Grids Cyber Security Market: Distribution Channel Analysis, North America, 2017
- 5. Total Grids Cyber Security Market: Cyber Incidents Reported to DHS, US, 2013–2015
- 6. Total Grids Cyber Security Market: Revenue Forecast, North America, 2017–2022
- 7. Total Grids Cyber Security Market: Percent Revenue Forecast by Service Type, North America, 2022
- 8. Total Grids Cyber Security Market: Revenue Forecast by Country, North America, 2017–2022
- 9. Total Grids Cyber Security Market: Legislation Status by State, US, 2017
- 10. Total Grids Cyber Security Market: Competitive Offerings, North America, 2017
- 11. T&D Segment: Revenue Forecast, North America, 2017–2022
- 12. Substation Segment: Revenue Forecast, North America, 2017–2022
Popular Topics
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Table of Contents | | Executive Summary~ || Key Findings~ || Introduction~ || Market Engineering Measurements~ || CEO’s Perspective~ || Associated Multimedia~ | Market Overview~ || What is Cyber Security?~ || Cyber Attacks on the Grid and their Impact~ || Market Definitions~ || Federal Level Cyber Security Regulation Timelines~ || Market Segmentation~ || Market Distribution Channels~ | Drivers and Restraints—Total Grids Cyber Security Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total Grids Cyber Security Market~ || Market Engineering Measurements~ || Revenue Forecast~ || Regulations—NERC CIP Standards~ || Regulations~ || Revenue Forecast Discussion by Service Type~ || Revenue Forecast by Country~ || US Cyber Security Legislation~ || Top-level Snapshot of Start-ups across Services~ || OEM Start-up Initiatives~ | Market Share and Competitive Analysis—Total Grids Cyber Security Market~ || Competitive Environment~ || Competitor Mapping~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Cyber Insurance~ || Growth Opportunity 2—Predictive Models for Cyber Security Services~ || Strategic Imperatives for Success and Growth~ | T&D Segment Analysis~ || Segment Key Findings~ || Market Engineering Measurements~ || Revenue Forecast~ | Substation Segment Analysis~ | The Last Word~ || 3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Partial List of Companies Interviewed~ || Abbreviations and Acronyms Used~ || List of Exhibits~ |
List of Charts and Figures | 1. Total Grids Cyber Security Market: Key Market Drivers, North America, 2018–2022~ 2. Total Grids Cyber Security Market: Key Market Restraints, North America, 2018–2022~ 3. Total Grids Cyber Security Market: Market Engineering Measurements, North America, 2017~ 4. Total Grids Cyber Security Market: Competitive Structure, North America, 2017~ 5. T&D Segment: Market Engineering Measurements, North America, 2017~ 6. Substation Segment: Market Engineering Measurements, North America, 2017~| 1. Total Grids Cyber Security Market: Market Engineering Measurements, North America, 2017~ 2. Total Grids Cyber Security Market: Cyber Security Regulations Timeline, North America, 1998-till Date~ 3. Total Grids Cyber Security Market: Percent Revenue Breakdown by Service Type, North America, 2017~ 4. Total Grids Cyber Security Market: Distribution Channel Analysis, North America, 2017~ 5. Total Grids Cyber Security Market: Cyber Incidents Reported to DHS, US, 2013–2015~ 6. Total Grids Cyber Security Market: Revenue Forecast, North America, 2017–2022~ 7. Total Grids Cyber Security Market: Percent Revenue Forecast by Service Type, North America, 2022~ 8. Total Grids Cyber Security Market: Revenue Forecast by Country, North America, 2017–2022~ 9. Total Grids Cyber Security Market: Legislation Status by State, US, 2017~ 10. Total Grids Cyber Security Market: Competitive Offerings, North America, 2017~ 11. T&D Segment: Revenue Forecast, North America, 2017–2022~ 12. Substation Segment: Revenue Forecast, North America, 2017–2022~ |
Author | Rajalingam Chinnasamy |
Industries | Energy |
WIP Number | K2AE-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9301-A4,9597,9852,9B07-C1 |