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North America 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

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from $1,500 148 Pages Knowledge Based Value (KBV) Research September, 2024 KBV19215418
Best Price Guarantee
Price from $1,500
Length 148 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date September, 2024
SKU KBV19215418

North America 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 North America Smart Grid Security Market would witness market growth of 28.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Smart Grid Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,120.3 million by 2031. The Canada market is experiencing a CAGR of 29.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 29.5% during (2024 - 2031).

The smart grid security market has emerged as an important part of the global energy infrastructure as the transitions toward more advanced, interconnected, and digitalized electricity systems. Traditional power grids, which have long relied on mechanical and analog systems to manage electricity distribution, are being replaced by smart grids that leverage digital communication technologies, real-time data analytics, and automation to optimize energy efficiency, reliability, and sustainability.

Additionally, as these power grids become more sophisticated and connected, they become increasingly vulnerable to cyberattacks, data breaches, and other security threats. The smart grid infrastructure's uninterrupted and secure operation is contingent upon the development and implementation of rigorous security measures in response to the increasing complexity and digital dependency.

North America's smart grid security market is rapidly expanding, fueled by the increasing digitalization of energy systems and growing cyberattack threats. In this region, adopting smart grids is critical for enhancing energy efficiency, integrating renewable sources, and managing the rising electricity demand. Governments in the United States, Canada, and Mexico are taking significant steps to secure this infrastructure, from funding cybersecurity initiatives to enforcing stringent regulations that protect critical assets.

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 U.S., Mexico, Canada, and Rest of North America.

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.
North America 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
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Grid Security Market, by Services
1.4.2 North America Smart Grid Security Market, by Deployment
1.4.3 North America Smart Grid Security Market, by Application
1.4.4 North America Smart Grid Security Market, by Enterprise Size
1.4.5 North America Smart Grid Security Market, by Security Type
1.4.6 North America 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. North America Smart Grid Security Market by Services
5.1 North America Professional Services Market by Region
5.2 North America Managed Services Market by Region
Chapter 6. North America Smart Grid Security Market by Deployment
6.1 North America Cloud Market by Country
6.2 North America On-premises Market by Country
Chapter 7. North America Smart Grid Security Market by Application
7.1 North America Smart Application Market by Country
7.2 North America Smart Meters Market by Country
7.3 North America Other Applications Market by Country
Chapter 8. North America Smart Grid Security Market by Enterprise Size
8.1 North America Large Enterprises Market by Country
8.2 North America SMEs Market by Country
Chapter 9. North America Smart Grid Security Market by Security Type
9.1 North America Network Security Market by Country
9.2 North America Application Security Market by Country
9.3 North America Endpoint Security Market by Country
9.4 North America Database Security Market by Country
Chapter 10. North America Smart Grid Security Market by Country
10.1 US Smart Grid Security Market
10.1.1 US Smart Grid Security Market by Services
10.1.2 US Smart Grid Security Market by Deployment
10.1.3 US Smart Grid Security Market by Application
10.1.4 US Smart Grid Security Market by Enterprise Size
10.1.5 US Smart Grid Security Market by Security Type
10.2 Canada Smart Grid Security Market
10.2.1 Canada Smart Grid Security Market by Services
10.2.2 Canada Smart Grid Security Market by Deployment
10.2.3 Canada Smart Grid Security Market by Application
10.2.4 Canada Smart Grid Security Market by Enterprise Size
10.2.5 Canada Smart Grid Security Market by Security Type
10.3 Mexico Smart Grid Security Market
10.3.1 Mexico Smart Grid Security Market by Services
10.3.2 Mexico Smart Grid Security Market by Deployment
10.3.3 Mexico Smart Grid Security Market by Application
10.3.4 Mexico Smart Grid Security Market by Enterprise Size
10.3.5 Mexico Smart Grid Security Market by Security Type
10.4 Rest of North America Smart Grid Security Market
10.4.1 Rest of North America Smart Grid Security Market by Services
10.4.2 Rest of North America Smart Grid Security Market by Deployment
10.4.3 Rest of North America Smart Grid Security Market by Application
10.4.4 Rest of North America Smart Grid Security Market by Enterprise Size
10.4.5 Rest of North America 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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