United States Smart Grid Security Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Smart Grid Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The United States smart grid security market is currently witnessing strong growth. A smart grid security system helps prevent energy frauds and preserves privacy. It also optimizes the infrastructure to regulate the flow of power and meet demands for peak time. A smart grid security system consists of various advanced components and control methods, which are integrated with communication systems to provide improved interfaces used for measurement and sensing. Moreover, it also uses different technological solutions like antivirus, antimalware, firewalls, intrusion detection, identity and access management (IAM), encryption, and data loss prevention (DLP) systems.

The United States smart grid security market is primarily driven by the increase in electricity consumption and power generation. Besides this, the growing cases of cyberattacks have also resulted in the rising adoption of smart grid security systems to secure communications and smart grid deployments. The United States also accounts for the majority of the smart grid projects. Along with this, a rise in the usage of cloud- and web-based applications across the industrial sectors is providing a positive thrust to the market growth. Furthermore, technological advancements, such as the integration of Supervisory Control and Data Acquisition (SCADA) systems and the Internet of Things (IoT), are also contributing to the market growth. On account of these factors, the market is expected to continue its strong 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 United States 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:

Cloud-based
On-premise

Breakup by Security Type:

Endpoint Security
Application Security
Database Security
Network Security
Others

Breakup by Region:

Northeast
Midwest
South
West

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 United States 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 United States 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 United States smart grid security market and who are the key players?
What is the degree of competition in the industry?