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Europe Smart Grid Security Market Size, Share & Trends Analysis Report By Services (Professional Services and Managed Services), By Deployment (Cloud and On-premises), By Application, By Enterprise Size, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Sep 30, 2024
Length 163 Pages
SKU # KBV19215419

Description

Europe Smart Grid Security Market Size, Share & Trends Analysis Report By Services (Professional Services and Managed Services), By Deployment (Cloud and On-premises), By Application, By Enterprise Size, By Country and Growth Forecast, 2024 - 2031


The Europe Smart Grid Security Market would witness market growth of 28.7% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Smart Grid Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,851.1 million by 2031. The UK market is exhibiting a CAGR of 27.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 29.6% during (2024 - 2031).

Physical security is another key component of the smart grid security market. While much of the focus on smart grid security revolves around protecting digital assets, physical threats to grid infrastructure, such as vandalism, sabotage, or natural disasters, cannot be overlooked. Power plants, substations, transmission lines, and other critical infrastructure must be protected from physical damage to ensure the continuity of electricity supply.

Additionally, this requires physical security measures, such as surveillance systems, access controls, and perimeter protection, to prevent unauthorized access and mitigate potential risks. As the smart grid becomes more decentralized by integrating distributed energy resources (DERs), physical security is needed beyond traditional centralized infrastructure to include smaller, more dispersed assets.

The European smart grid security market is experiencing rapid growth, driven by increasing digitalization and integrating renewable energy into grid systems. Governments across Europe are focused on enhancing grid resilience and sustainability, creating a strong demand for advanced cybersecurity measures. Regulations like the Network and Information Security (NIS) Directive and initiatives like the European Green Deal push energy providers to adopt more comprehensive security solutions to protect critical infrastructure. It is imperative for nations to ensure the security of increasingly digital and decentralized infrastructures, as the region is a leader in the integration of renewable energy.

Based on Services, the market is segmented into Professional Services and Managed Services. Based on Deployment, the market is segmented into Cloud and On-premises. Based on Application, the market is segmented into Smart Application, Smart Meters, and Other Applications. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Security Type, the market is segmented into Network Security, Application Security, Endpoint Security, and Database Security. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Broadcom, Inc.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Siemens AG
  • Oracle Corporation
  • Honeywell International, Inc.
  • ABB Group
  • General Electric Company
  • Schneider Electric SE
  • Hitachi, Ltd.
Europe Smart Grid Security Market Report Segmentation

By Services
  • Professional Services
  • Managed Services
By Deployment
  • Cloud
  • On-premises
By Application
  • Smart Application
  • Smart Meters
  • Other Applications
By Enterprise Size
  • Large Enterprises
  • SMEs
By Security Type
  • Network Security
  • Application Security
  • Endpoint Security
  • Database Security
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

163 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Grid Security Market, by Services
1.4.2 Europe Smart Grid Security Market, by Deployment
1.4.3 Europe Smart Grid Security Market, by Application
1.4.4 Europe Smart Grid Security Market, by Enterprise Size
1.4.5 Europe Smart Grid Security Market, by Security Type
1.4.6 Europe Smart Grid Security Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov – 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Smart Grid Security Market by Services
5.1 Europe Professional Services Market by Country
5.2 Europe Managed Services Market by Country
Chapter 6. Europe Smart Grid Security Market by Deployment
6.1 Europe Cloud Market by Country
6.2 Europe On-premises Market by Country
Chapter 7. Europe Smart Grid Security Market by Application
7.1 Europe Smart Application Market by Country
7.2 Europe Smart Meters Market by Country
7.3 Europe Other Applications Market by Country
Chapter 8. Europe Smart Grid Security Market by Enterprise Size
8.1 Europe Large Enterprises Market by Country
8.2 Europe SMEs Market by Country
Chapter 9. Europe Smart Grid Security Market by Security Type
9.1 Europe Network Security Market by Country
9.2 Europe Application Security Market by Country
9.3 Europe Endpoint Security Market by Country
9.4 Europe Database Security Market by Country
Chapter 10. Europe Smart Grid Security Market by Country
10.1 Germany Smart Grid Security Market
10.1.1 Germany Smart Grid Security Market by Services
10.1.2 Germany Smart Grid Security Market by Deployment
10.1.3 Germany Smart Grid Security Market by Application
10.1.4 Germany Smart Grid Security Market by Enterprise Size
10.1.5 Germany Smart Grid Security Market by Security Type
10.2 UK Smart Grid Security Market
10.2.1 UK Smart Grid Security Market by Services
10.2.2 UK Smart Grid Security Market by Deployment
10.2.3 UK Smart Grid Security Market by Application
10.2.4 UK Smart Grid Security Market by Enterprise Size
10.2.5 UK Smart Grid Security Market by Security Type
10.3 France Smart Grid Security Market
10.3.1 France Smart Grid Security Market by Services
10.3.2 France Smart Grid Security Market by Deployment
10.3.3 France Smart Grid Security Market by Application
10.3.4 France Smart Grid Security Market by Enterprise Size
10.3.5 France Smart Grid Security Market by Security Type
10.4 Russia Smart Grid Security Market
10.4.1 Russia Smart Grid Security Market by Services
10.4.2 Russia Smart Grid Security Market by Deployment
10.4.3 Russia Smart Grid Security Market by Application
10.4.4 Russia Smart Grid Security Market by Enterprise Size
10.4.5 Russia Smart Grid Security Market by Security Type
10.5 Spain Smart Grid Security Market
10.5.1 Spain Smart Grid Security Market by Services
10.5.2 Spain Smart Grid Security Market by Deployment
10.5.3 Spain Smart Grid Security Market by Application
10.5.4 Spain Smart Grid Security Market by Enterprise Size
10.5.5 Spain Smart Grid Security Market by Security Type
10.6 Italy Smart Grid Security Market
10.6.1 Italy Smart Grid Security Market by Services
10.6.2 Italy Smart Grid Security Market by Deployment
10.6.3 Italy Smart Grid Security Market by Application
10.6.4 Italy Smart Grid Security Market by Enterprise Size
10.6.5 Italy Smart Grid Security Market by Security Type
10.7 Rest of Europe Smart Grid Security Market
10.7.1 Rest of Europe Smart Grid Security Market by Services
10.7.2 Rest of Europe Smart Grid Security Market by Deployment
10.7.3 Rest of Europe Smart Grid Security Market by Application
10.7.4 Rest of Europe Smart Grid Security Market by Enterprise Size
10.7.5 Rest of Europe Smart Grid Security Market by Security Type
Chapter 11. Company Profiles
11.1 Broadcom, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 SWOT Analysis
11.2 Cisco Systems, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Acquisition and Mergers:
11.2.6 SWOT Analysis
11.3 Siemens AG
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Acquisition and Mergers:
11.3.6 SWOT Analysis
11.4 IBM Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Regional & Segmental Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 Oracle Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Honeywell International, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.5.2 Product Launches and Product Expansions:
11.6.6 SWOT Analysis
11.7 ABB Group
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.7.6 SWOT Analysis
11.8 Schneider Electric SE
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Research & Development Expense
11.8.5 Recent strategies and developments:
11.8.5.1 Partnerships, Collaborations, and Agreements:
11.8.5.2 Product Launches and Product Expansions:
11.8.6 SWOT Analysis
11.9 General Electric Company
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expense
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Hitachi, Ltd.
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Partnerships, Collaborations, and Agreements:
11.10.5.2 Product Launches and Product Expansions:
11.10.5.3 Acquisition and Mergers:
11.10.6 SWOT Analysis

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