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. This fact, along with an ever growing list of utilities that have been hacked, will push the market for smart grid cybersecurity systems to $7.25 billion by 2020. 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 strategic 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%.

The major application areas in 2012 were Enterprise/Operational Communication Networks and Distribution Automation. By 2020, Distribution Automation will be the largest application area. Smart grid cybersecurity protecting operations technology (OT) will account for 40% of the global market by 2020. Systems to protect information technology (IT) are projected to account for 60% of the market by 2020.

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

Zpryme has refined its forecasting models over dozens of reports, expert interviews, and global utility surveys to produce granular projections based on expected demand and our first-hand knowledge of the smart grid cybersecurity market. To make this a truly industry-first dataset for actionable planning, the combined expertise of Zpryme’s global research team and Smart Grid Advisory Board provide a concise set of strategic data to capitalize on the soon-to-be booming cybersecurity market.

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