Global Utilities Security Market (2024 Edition): Market Size, Trends, Opportunities and Forecast By Security Technology Type (SCADA (Supervisory Control and Data Acquisition) Security, Firewalls and Antivirus/Antimalware , Video Surveillance Systems, Smar

Global Utilities Security Market (2024 Edition): Market Size, Trends, Opportunities and Forecast By Security Technology Type (SCADA (Supervisory Control and Data Acquisition) Security, Firewalls and Antivirus/Antimalware , Video Surveillance Systems, Smart Fencing & Alarm Systems and Other Security Technology Types), Utility Type, Security Type, Region, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “Global Utilities Security Market (2024 Edition)”. According to the report, Global Utilities Security Market was valued at USD 7300.01 Million in 2023 is expected to grow at a CAGR of 17.43% during 2025-2030.

The report explores a multi-faceted opportunity landscape in terms of market segmentation By Security Technology Type (SCADA (Supervisory Control and Data Acquisition) Security, Firewalls and Antivirus/Antimalware , Video Surveillance Systems, Smart Fencing & Alarm Systems and Other Security Technology Types), By Utility Type (Water Utilities, Power Utilities, Gas Utilities and Other Utility Types) and By Security Type (Cybersecurity and Physical Security)

Market Overview

The Utilities Security market is experiencing substantial growth due to the increasing need for protecting critical infrastructure from physical and cyber threats. Utilities, including electricity, water, and gas networks, are highly vulnerable to attacks, and ensuring their security is crucial to maintaining operational continuity. The integration of IoT, smart grids, and advanced monitoring systems has further highlighted the need for robust security measures.

Key drivers of the Utilities Security market include the rising number of cyberattacks targeting utility infrastructure, growing regulatory pressures for better security protocols, and the increasing complexity of utility networks. The expanding adoption of renewable energy sources and decentralized grid systems also necessitates enhanced security solutions to ensure the smooth functioning of utilities.

Technological advancements in areas such as artificial intelligence, real-time threat monitoring, and predictive analytics are enabling more proactive approaches to securing utility systems. The combination of physical security, cybersecurity, and surveillance solutions is vital for comprehensive protection.

Segment Insights

By type, the cybersecurity solutions segment is expected to dominate, accounting for approximately 60% of the market share in 2023. The physical security solutions segment holds around 40% of the market and remains important, particularly for the protection of physical infrastructure such as power plants and substations.

Geographical Insights

Europe leads the Utilities Security market, driven by stringent regulations and substantial investments in upgrading security measures for critical infrastructure. Countries such as Germany, the UK, and France are at the forefront of adopting advanced security solutions. Meanwhile, the Asia-Pacific region is witnessing strong growth, fueled by expanding utility networks in countries like China, India, and Japan, along with an increasing focus on renewable energy sources.

Market Segmentation

By Security Technology Type:

• SCADA (Supervisory Control and Data Acquisition) Security
• Firewalls and Antivirus/Antimalware
• Video Surveillance Systems
• Smart Fencing & Alarm Systems
• Other Security Technology Types

By Utility Type:

• Water Utilities
• Power Utilities
• Gas Utilities
• Other Utility Types

By Security Type:

• Cybersecurity
• Physical Security

By Geography

• Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
• Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
• Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Utilities Security Market include:

• Johnson Controls
• Fortinet, Inc.
• Honeywell International Inc.
• McAfee, LLC
• Cisco Systems, Inc.
• Siemens
• Thales
• Bosch Sicherheitssysteme GmbH
• IBM
• Schneider Electric
• Other Leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Markets in the Utilities Security Market Utility Type: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the Utilities Security Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Utilities Security Market.
• Detailed Analysis of Utilities Security Market By Security Technology Type, Utility Type, and Security Type Across 20 Countries
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Utility Type Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies.

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