Zpryme projects that the market for smart grid cybersecurity systems will be $7.25 billion by 2020.
FOR IMMEDIATE RELEASE / PRURGENT
Austin, TX - (Zpryme Smart Grid Insights) – 4/16/13 – In a new Premium analysis-ready market dataset, Global Smart Grid Cybersecurity Systems Market Value (2012 – 2020), Zpryme projects that the market for smart grid cybersecurity systems to reach $7.25 billion by 2020.
Purchase the new Premium analysis-ready market dataset, Global Smart Grid Cybersecurity Systems Market Value (2012 – 2020), at: Zpryme Smart Grid Insights (Premium)
Led by strong U.S. support from the White House and the U.S. Department of Energy, smart grid cybersecurity is quickly becoming a top-priority for every utility in the U.S. Utilities such as Potomac Electric Power Co/PEPCO Holdings Inc., the City of Roseville (Roseville Electric), Baltimore Gas & Electric, Idaho Power Company, and Entergy Services, Inc have already experienced the effects of cyber-attacks (or suspected attacks). Companies such as IBM, ViaSat, Cisco, SAIC, Black & Veatch, Lockheed Martin, Industrial Defender and Siemens are all vying for market leadership in this space. However, only time will tell which solution ultimately wins the approval among utilities across the globe.
This analysis-ready market dataset includes global cybersecurity system market forecasts from 2012 to 2020, regional forecasts, and country specific forecasts for fifteen countries (Premium members have access to all datasets). In 2012, North America accounted for 42% of the global cybersecurity market, while Europe and Asia-Pacific accounted for 30% and 17%, respectively. By 2020, Asia-Pacific will hold 35% of the global cybersecurity market, while North America and Europe will account for 28% and 23% of the market, respectively. In 2017, China will overtake the U.S. as the largest smart grid cybersecurity market. From 2012 to 2020, China, Japan, South Korea, and Russia are all projected to have annual growth rates over 40%.
Market Forecasts Included in this Data Set
Global Smart Grid Cybersecurity Systems Market Value by OT and IT, 2012 – 2020:
Global Smart Grid Cybersecurity Systems Market Value by Application Area, 2012 – 2020:
Transmission and Substations/Systems
Advanced Metering Infrastructure (AMI)
Enterprise/Operational Communications Architecture
Distribution Automation (DA)
Global Smart Grid Cybersecurity Systems Market Value by Region, 2012 – 2020:
Central & South America
Smart Grid Cybersecurity Systems Market Value by Country, 2012 – 2020:
About Zpryme Smart Grid Insights Practice:
Zpryme-powered Smart Grid Insight Practice (link) and Smart Grid Insights Advisory Board (link) help organizations understand their business environment, engage consumers, inspire innovation, and take action. These practices represent an evolution beyond traditional market research and consulting: combining sound fundamentals, innovative tools and methodologies, industry experience, and creative marketing savvy to supercharge clients’ success. At Zpryme, we don’t produce tables and charts; we deliver opportunity-focused, actionable insight that is both engaging and easy-to-digest. For more information, visit: www.zpryme.com.
For custom smart grid research inquiries please email Zpryme at firstname.lastname@example.org, subjectline: “SGI Custom”
About Zpryme Smart Grid Insights Premium Membership:
Learn more here: Zpryme Smart Grid Insights
- 12 month complete access to library archive
- 12 industry-insider smart grid reports
- 10 analysis-ready market data sets (.xls)
- Exclusive Zpryme analyst market recommendations
- Be the first to own in-depth market data and insights that are not available anywhere else
www.smartgridresearch.org (Zpryme Smart Grid Insights)
Follow Zpryme on: Twitter | Facebook | Linkedin