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

RELEASE DATE
24-Aug-2018
REGION
North America
Research Code: K2AE-01-00-00-00
SKU: EG01911-NA-MR_22251
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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.
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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 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

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

List of 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
List of Charts
  • 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
Related Research
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
More Information
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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