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The GCC smart grid security market size reached US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2027, exhibiting a growth rate (CAGR) of 14.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Smart grid security refers to the various solutions and services that are utilized to secure smart power grids, communications, and information technology (IT) systems. It comprises advanced components and control measures that provide an enhanced level of interfaces for measurement and sensing. Smart grid security offers high efficiency, reliability, cost-effectiveness, and an alternative form of clean energy distribution throughout the grid. The system uses technological solutions like antivirus, antimalware, firewalls, identity and access management (IAM), intrusion detection, and data loss prevention (DLP) systems to lower the possibility of power grid collapse or equipment malfunction.
The GCC smart grid security market is primarily driven by the growing demand for electricity and power generation. Besides this, with the rising incidences of cyberattacks, there has been increasing adoption of smart grid security for securing communications and grid deployments in the GCC region. Additionally, the integration of the cloud and web-based applications across different industrial sectors is also catalyzing the market growth. Factors such as the growing population and access to improved and affordable energy systems due to high economic growth in the region have also increased the demand for smart grids, thereby creating a positive outlook for the market. Furthermore, technological advancements in the industry, like the utilization of Supervisory Control and Data Acquisition (SCADA) systems and the Internet of Things (IoT), are positively influencing the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC smart grid security market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on component, subsystem, deployment type and security type.
Breakup by Component:
Breakup by Subsystem:
Breakup by Deployment Type:
Breakup by Security Type:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Subsystem, Deployment Type, Security Type, Country|
|Countries Covered||Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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