Global Utilities Security Market Growth (Status and Outlook) 2023-2029

Global Utilities Security Market Growth (Status and Outlook) 2023-2029

The utility sector, including electricity power plants, oil & gas, water firms, and other integrated firms, provides general services required on daily basis to end users. The market incorporates cyber security and physical security to maintain the privacy of data collected from various sectors. Cloud-based services are widely adopted by large enterprises and government organizations to ensure safe and easy-to-access centralized system for data storage.

LPI (LP Information)' newest research report, the “Utilities Security Industry Forecast” looks at past sales and reviews total world Utilities Security sales in 2022, providing a comprehensive analysis by region and market sector of projected Utilities Security sales for 2023 through 2029. With Utilities Security sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Utilities Security industry.

This Insight Report provides a comprehensive analysis of the global Utilities Security landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Utilities Security portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Utilities Security market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Utilities Security and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Utilities Security.

The global Utilities Security market size is projected to grow from US$ 6453.5 million in 2022 to US$ 20640 million in 2029; it is expected to grow at a CAGR of 18.1% from 2023 to 2029.

Cloud-based enterprises are widely adopted by large companies and government organizations to ensure a safe and easy-to-access centralized system for data storage. Also, employees around the world can use cloud-based services to access large volumes of data without time and location constraints. Moreover, cloud-based services ensure lower cost of ownership along with easier and improved methods of managing the complexities involved with large data volumes. Therefore, the growing adoption of cloud-based services will propel the growth prospects of the utilities security market until the end of 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Utilities Security market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Physical Security
Cyber Security

Segmentation by application
Oil and Gas
Electricity
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Axis Communications
Bosch Security Systems
Honeywell Security
Qognify
Tyco International

Please note: The report will take approximately 2 business days to prepare and deliver.