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Fri, 23 Jun 2017 06:58:06 -0500
2013-04-16 Print

Cybersecurity Smart Grid Systems Market $7.25 billion by 2020, Zpryme Reports


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:

Operations Technology
Information Technology

Global Smart Grid Cybersecurity Systems Market Value by Application Area, 2012 – 2020:

Transmission and Substations/Systems
Advanced Metering Infrastructure (AMI)
Customer Systems
Enterprise/Operational Communications Architecture
Distribution Automation (DA)

Global Smart Grid Cybersecurity Systems Market Value by Region, 2012 – 2020:

North America
Central & South America
Europe
Asia Pacific
ROW

Smart Grid Cybersecurity Systems Market Value by Country, 2012 – 2020:

U.S.
Mexico
Canada
Brazil
China
Japan
India
South Korea
France
Germany
U.K.
Spain
Italy
Australia
Russia

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 smart.grid@zpryme.com, subjectline: “SGI Custom”

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