Cybersecurity in Power - Thematic Research

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,950	67 Pages	GlobalData	July, 2022	GBDT17401695

Best Price Guarantee
Price	from $1,950
Length	67 Pages
Publisher	GlobalData
Published Date	July, 2022
SKU	GBDT17401695

Cybersecurity in Power - Thematic Research

Summary

As we move toward an increasingly online world, the importance of cybersecurity for power utilities will only increase. The revenues of global cybersecurity in the energy sector are headed for strong growth in the first half of the 2020s and will reach $10 billion by 2025. The CAGR of cybersecurity in the energy sector is set to be 9.1% between 2019 to 2025. Digitalization has been a theme that has been heavily adopted in the power sector in recent years. Consequently, the importance of cybersecurity has commensurately increased with the adoption of more and more digital devices. The US-China trade war, followed by COVID-19 and the Russian invasion of Ukraine, has made the world of business much more focused on geopolitics. The power sector, which is arguably the most strategic of all industries, has to pay enormous attention to these changes.

Scope

This report focuses on cybersecurity in power.
It identifies the key challenges facing the power sector and how cybersecurity can help overcome these challenges. It contains details of M&A deals driven by the cybersecurity theme, and a timeline highlighting milestones in the development of cybersecurity.
In addition, the report discusses possible cybersecurity applications in the power industry as well as the benefits to utilities.
The report also provides an overview of the competitive positions held by leading technology vendors in general and in particular to power sector, moreover it includes major adoptors of cybersecurity in the power sector. It also covers primary and secondary research case studies on how cybersecurity is being adopted in the power sector

Reasons to Buy

The report provides -

A comprehensive analysis of the present scenario and emerging market trends in power sector and how cybersecurity can help overcome challenges.
Insights of the leading players in cybersecurity theme and where do they fit in the value chain.
Extensive analysis of the cybersecurity industry, cybersecurity disruption in power sector, key mergers and acquisitions and significant milestones in the journey of cybersecurity.
Profiles of major market players within the cybersecurity industry and leading adopters of cybersecurity in power sector, which aid in interpreting the competitive outlook of this theme. It helps utilities to identify possible blind spots resulting from technology disruptions and market linkages in order to fully comprehend the risks and possibilities affecting their industry.

Executive Summary
Cybersecurity Value Chain
- Key players in the cybersecurity value chain
  - Table Figure 1: Key players in the cybersecurity value chain
  - Table Figure 2: The cybersecurity value chain
- Cybersecurity hardware
  - Chip-based security
    - Table Figure 3: The cybersecurity value chain - hardware
- Cybersecurity software
  - Identity management
    - Table Figure 4: The cybersecurity value chain – software - Identity management: leaders and challengers
  - Network security
    - Table Figure 5: The cybersecurity value chain – software - Network security: leaders and challengers
  - Endpoint security
    - Table Figure 6: The cybersecurity value chain - Endpoint security: leaders and challengers
  - Threat detection and response
    - Table Figure 7: The cybersecurity value chain - Threat detection and response: leaders and challengers
  - Cloud security
    - Table Figure 8: The cybersecurity value chain – software - Cloud security: leaders and challengers
  - Data security
    - Table Figure 9: The cybersecurity value chain – software - Data security: leaders and challengers
  - Email security
    - Table Figure 10: The cybersecurity value chain – software - Email security: leaders and challengers
  - Application security
    - Table Figure 11: The cybersecurity value chain – software - Application security: leaders and challengers
  - Unified threat management
    - Table Figure 12: The cybersecurity value chain – software - Unified threat management: leaders and challengers
  - Vulnerability management
    - Table Figure 13: The cybersecurity value chain – software - Vulnerability management: leaders and challengers
- Cybersecurity services
  - Managed security services
    - Table Figure 14: The cybersecurity value chain – services - Managed security services: leaders and challengers
  - Post-breach response services
    - Table Figure 15: The cybersecurity value chain – services - Post-breach response services: leaders and challengers
  - Risk and compliance services
    - Table Figure 16: The cybersecurity value chain – services - Risk and compliance services: leaders and challengers
Power Challenges
- Table Figure 17: Cybersecurity was the second most disruptive tech theme for professionals across 30 industries
- Table Key challenges facing the power sector
The Impact of Cybersecurity on Power
- Table Figure 18: Thematic impact assessment
- How do digitalization and COVID-19 accelerate the need for cybersecurity?
- How does geopolitics accelerate the need for cybersecurity?
- How do ESG and the energy transition accelerate the need for cybersecurity?
Case Studies
- Nozomi Networks' sensors help protect utilities like GE Power from cyber threats
  - Table Figure 19: Nozomi Networks outlays how their technology can improve cybersecurity
- Siemens has created its own AI-based cybersecurity monitoring and detection tool
- Claroty's tailored cybersecurity solutions thwart cyberattacks
  - Table Figure 20: Claroty's CTD allows all assets and processes to be monitored on a single platform
Data Analysis
- Market size and growth forecasts
  - Table Figure 21: By 2025, global cybersecurity revenues in the energy sector will reach $10 billion
  - Table Figure 22: In 2019, managed security services was the leading service for revenue, this will not change in 2025
- Mergers and acquisitions
  - Table Mergers and acquisitions
  - Table M&A deals in the power sector since 2020
- Patent trends
  - Table Figure 23: Patent publications in the power sector grew to their highest number ever in 2021
  - Table Figure 24: Three of the top five companies for cybersecurity patents are from the APAC regions
- Company filings trends
  - Table Figure 25: Power companies are increasingly recognizing the importance of cybersecurity
  - Table Figure 26: Cybersecurity by far exceeds the other major themes in terms of mentions in power company filings
- Hiring trends
  - Table Figure 27: Cybersecurity is the leading theme for active jobs in the power sector in the last three years
  - Table Figure 28: Jobs in cybersecurity vary by seniority and geography, with the majority being recorded in the US
  - Chief information security officers (CISOs)
    - Table Chief information security officers (CISOs)
- Cybersecurity timeline
  - Table Figure 29: The cybersecurity story
Companies
- Leading cybersecurity adopters in power
  - Table Leading cybersecurity adopters in power
- Leading cybersecurity vendors
  - Table Leading cybersecurity vendors
- Specialist cybersecurity vendors in power
  - Table Specialist cybersecurity vendors in power
Sector Scorecard
- Power sector scorecard
  - Who's who
    - Table Figure 30: Who does what in the power space?
  - Thematic screen
    - Table Figure 31: Thematic screen
  - Valuation screen
    - Table Figure 32: Valuation screen
  - Risk screen
    - Table Figure 33: Risk screen
Glossary
- Table Glossary
Further Reading
- GlobalData reports
  - Table GlobalData reports
Our Thematic Research Methodology
- Table Figure 34: Our five-step approach for generating a sector scorecard
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