Cybersecurity in the US Power Industry

Regulatory Compliance is the Main Investment Driver

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Critical infrastructure industries are increasingly expanding into the digital and smart frontier, become more vulnerable to advanced and persistent cyberattacks. This research service examines emerging trends and business models in the US power industry — from generation to transmission and distribution — that will affect the cybersecurity market. It was developed based on a series of Frost & Sullivan-moderated online discussion boards with participants in the power, chemicals and petrochemicals, and oil and gas industries. The study examines the current state of cybersecurity preparedness, as well as best practices, unmet needs, and industry challenges.

Table of Contents

Executive SummaryKey FindingsKey Findings and Future OutlookResearch Scope, Objectives, Background, and MethodologyResearch ScopeResearch Aim and ObjectivesKey Questions this Study will AnswerResearch BackgroundResearch MethodologyStudy ParticipantsDefinitions and SegmentationSegmentationDefinitionsPower Industry Segmentation Market OverviewCurrent State of the Power IndustryCurrent State of the Power Industry (continued)Areas of VulnerabilityIndustry Pain PointsThreat Vectors in the Power IndustryMega Trends and Industry Convergence ImplicationsImpact of Top Power Industry Mega Trends on the Cybersecurity MarketImpact of Top Power Industry Mega Trends on the Cybersecurity Market (continued)Smart Grids and Cybersecurity ImplicationsEvolution of Smart GridsInfluence of the CloudRemote Capabilities in the Smart GridFuture SolutionsTechnology AnalysisFactors Driving Cybersecurity InvestmentsCustomer PerspectiveTechnology PerspectiveEmerging TechnologiesSecurity IntelligenceAutomated Demand Response Implications and Best PracticesMultilayered SecurityPower Generation Segment AnalysisCybersecurity in the Generation SegmentGeneration SolutionsPower Generation Digital FootprintPrioritiesPower Transmission and Distribution Segment AnalysisCybersecurity in the Transmission and Distribution Segment Transmission and Distribution SolutionsTransmission and Distribution Digital FootprintPrioritiesUS AnalysisUS Key FindingsEvolving Cybersecurity Regulations in the Power IndustryGood Regulations vs. Good SolutionsNERC CIP V5NERC CIP V5 (continued)ChallengesConclusions and Future OutlookKey Conclusions and Future OutlookThe Last Word—3 Big PredictionsLegal DisclaimerAppendixAbbreviations Used




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