Market Overview:
The GCC smart grid security market is currently witnessing robust growth. 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. On account of these factors, the market is expected to continue its robust growth during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC smart grid security market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, component, subsystem, deployment type and security type.
Breakup by Component:
- Solution
- Encryption
- Antivirus and Antimalware
- Identity and Access Management (IAM)
- Firewall
- Others
- Services
- Managed Services
- Professional Services
- Others
Breakup by Subsystem:
- Demand Response System
- Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
- Home Energy Management System
- Advanced Metering Infrastructure
- Others
Breakup by Deployment Type:
Breakup by Security Type:
- Endpoint Security
- Application Security
- Database Security
- Network Security
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report:
- How has the GCC smart grid security market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the GCC smart grid security market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the subsystem?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the security type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the GCC smart grid security market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 GCC Smart Grid Security Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Encryption
6.1.2.2 Antivirus and Antimalware
6.1.2.3 Identity and Access Management (IAM)
6.1.2.4 Firewall
6.1.2.5 Others
6.1.3 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Managed Services
6.2.2.2 Professional Services
6.2.2.3 Others
6.2.3 Market Forecast
7 Market Breakup by Subsystem
7.1 Demand Response System
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Home Energy Management System
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Advanced Metering Infrastructure
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Deployment Type
8.1 Cloud-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-premise
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Security Type
9.1 Endpoint Security
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Application Security
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Database Security
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Network Security
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Country
10.1 Saudi Arabia
10.1.1 Market Trends
10.1.2 Market Breakup by Component
10.1.3 Market Breakup by Subsystem
10.1.4 Market Breakup by Deployment Type
10.1.5 Market Breakup by Security Type
10.1.6 Market Forecast
10.2 UAE
10.2.1 Market Trends
10.2.2 Market Breakup by Component
10.2.3 Market Breakup by Subsystem
10.2.4 Market Breakup by Deployment Type
10.2.5 Market Breakup by Security Type
10.2.6 Market Forecast
10.3 Qatar
10.3.1 Market Trends
10.3.2 Market Breakup by Component
10.3.3 Market Breakup by Subsystem
10.3.4 Market Breakup by Deployment Type
10.3.5 Market Breakup by Security Type
10.3.6 Market Forecast
10.4 Oman
10.4.1 Market Trends
10.4.2 Market Breakup by Component
10.4.3 Market Breakup by Subsystem
10.4.4 Market Breakup by Deployment Type
10.4.5 Market Breakup by Security Type
10.4.6 Market Forecast
10.5 Kuwait
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Bahrain
10.6.1 Market Trends
10.6.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Policy and Regulatory Landscape
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: GCC: Smart Grid Security Market: Major Drivers and Challenges
Figure 2: GCC: Smart Grid Security Market: Sales Value (in Million US$), 2015-2020
Figure 3: GCC: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: GCC: Smart Grid Security Market: Breakup by Component (in %), 2020
Figure 5: GCC: Smart Grid Security Market: Breakup by Subsystem (in %), 2020
Figure 6: GCC: Smart Grid Security Market: Breakup by Deployment Type (in %), 2020
Figure 7: GCC: Smart Grid Security Market: Breakup by Security Type (in %), 2020
Figure 8: GCC: Smart Grid Security Market: Breakup by Country (in %), 2020
Figure 9: GCC: Smart Grid Security (Solution) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: GCC: Smart Grid Security (Solution) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: GCC: Smart Grid Security (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: GCC: Smart Grid Security (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: GCC: Smart Grid Security (Demand Response System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: GCC: Smart Grid Security (Demand Response System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: GCC: Smart Grid Security (Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: GCC: Smart Grid Security (Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: GCC: Smart Grid Security (Home Energy Management System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: GCC: Smart Grid Security (Home Energy Management System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: GCC: Smart Grid Security (Advanced Metering Infrastructure) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: GCC: Smart Grid Security (Advanced Metering Infrastructure) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: GCC: Smart Grid Security (Other Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: GCC: Smart Grid Security (Other Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: GCC: Smart Grid Security (Cloud-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: GCC: Smart Grid Security (Cloud-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: GCC: Smart Grid Security (On-premise) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: GCC: Smart Grid Security (On-premise) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: GCC: Smart Grid Security (Endpoint Security) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: GCC: Smart Grid Security (Endpoint Security) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: GCC: Smart Grid Security (Application Security) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: GCC: Smart Grid Security (Application Security) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: GCC: Smart Grid Security (Database Security) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: GCC: Smart Grid Security (Database Security) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: GCC: Smart Grid Security (Network Security) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: GCC: Smart Grid Security (Network Security) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: GCC: Smart Grid Security (Other Security Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: GCC: Smart Grid Security (Other Security Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Saudi Arabia: Smart Grid Security Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Saudi Arabia: Smart Grid Security Market: Breakup by Component (in %), 2020
Figure 39: Saudi Arabia: Smart Grid Security Market: Breakup by Subsystem (in %), 2020
Figure 40: Saudi Arabia: Smart Grid Security Market: Breakup by Deployment Type (in %), 2020
Figure 41: Saudi Arabia: Smart Grid Security Market: Breakup by Security Type (in %), 2020
Figure 42: Saudi Arabia: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: UAE: Smart Grid Security Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: UAE: Smart Grid Security Market: Breakup by Component (in %), 2020
Figure 45: UAE: Smart Grid Security Market: Breakup by Subsystem (in %), 2020
Figure 46: UAE: Smart Grid Security Market: Breakup by Deployment Type (in %), 2020
Figure 47: UAE: Smart Grid Security Market: Breakup by Security Type (in %), 2020
Figure 48: UAE: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Qatar: Smart Grid Security Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Qatar: Smart Grid Security Market: Breakup by Component (in %), 2020
Figure 51: Qatar: Smart Grid Security Market: Breakup by Subsystem (in %), 2020
Figure 52: Qatar: Smart Grid Security Market: Breakup by Deployment Type (in %), 2020
Figure 53: Qatar: Smart Grid Security Market: Breakup by Security Type (in %), 2020
Figure 54: Qatar: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Oman: Smart Grid Security Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Oman: Smart Grid Security Market: Breakup by Component (in %), 2020
Figure 57: Oman: Smart Grid Security Market: Breakup by Subsystem (in %), 2020
Figure 58: Oman: Smart Grid Security Market: Breakup by Deployment Type (in %), 2020
Figure 59: Oman: Smart Grid Security Market: Breakup by Security Type (in %), 2020
Figure 60: Oman: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Kuwait: Smart Grid Security Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Kuwait: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Bahrain: Smart Grid Security Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Bahrain: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: GCC: Smart Grid Security Industry: SWOT Analysis
Figure 66: GCC: Smart Grid Security Industry: Value Chain Analysis
Figure 67: GCC: Smart Grid Security Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Smart Grid Security Market: Key Industry Highlights, 2020 and 2026
Table 2: GCC: Smart Grid Security Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: GCC: Smart Grid Security Market Forecast: Breakup by Subsystem (in Million US$), 2021-2026
Table 4: GCC: Smart Grid Security Market Forecast: Breakup by Deployment Type (in Million US$), 2021-2026
Table 5: GCC: Smart Grid Security Market Forecast: Breakup by Security Type (in Million US$), 2021-2026
Table 6: GCC: Smart Grid Security Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 7: GCC: Smart Grid Security Market: Competitive Structure
Table 8: GCC: Smart Grid Security Market: Key Players