Asia Pacific Cyber Security In Energy Market

Asia Pacific Cyber Security In Energy Market Size, Share & Industry Trends Analysis Report By End User (Commercial, Industrial and Residential), By Organization Size, By Deployment Type (On-premise and Cloud), By Component, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-14347 Publication Date: March-2023 Number of Pages: 117
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Market Report Description

The Asia Pacific Cyber Security In Energy Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).

Due to the crucial nature of the networks, systems, and equipment required for the contemporary energy business to function and the particular security issues faced by this sector, well-developed strategies must direct the implementation of exceptional cybersecurity solutions. Always, a balance exists between security & convenience. When it comes to energy-related essential infrastructure, security always trumps comfort. The economy and way of life rely heavily on the energy industry's safety. The industry comprises a network of corporate and public organizations, each with leadership and objectives.

Moreover, several departments and agencies of the government have a stake in establishing and implementing security and cybersecurity standards. Opportunities exist throughout the sector for cybersecurity specialists. For example, government agencies are constantly on the lookout for individuals with cybersecurity expertise and experience. In addition, private organizations that run power and pipeline companies require the most qualified security professionals and cutting-edge technologies.

India is digitizing at an accelerating rate to the point that it may have disregarded the associated difficulties. Cybersecurity is one of these obstacles that threaten the growth of businesses. The electricity industry is one of the most frequently attacked industries and the first to respond to cyber risks with necessary measures. Concerned about the cyber security of India's key power sector, the government included a provision in the Electricity Amendment Bill, 2022, allowing the national electrical grid to be inspected for cyber hygiene purposes. It is anticipated that these government initiatives and the digitalization of the region's energy industry would foster the expansion of cyber security in energy market.

The China market dominated the Asia Pacific Cyber Security In Energy Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,272.2 million by 2028. The Japan market is estimated to grow a CAGR of 11.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 12.4% during (2022 - 2028).

Based on End User, the market is segmented into Commercial, Industrial and Residential. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Solution and Service. Based on Solution Type, the market is segmented into Identity & Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, Data Security & Privacy Service Offering and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Cyber Security In Energy Market is Projected to reach USD 15.8 Billion by 2028, at a CAGR of 10.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, IBM Corporation, General Electric Company, Ansaldo Energia S.p.A., Baker Hughes Company, Hitachi, Ltd. (Hitachi Energy Ltd.), and Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.)

Scope of the Study

Market Segments Covered in the Report:

By End User

  • Commercial
  • Industrial
  • Residential

By Organization Size

  • Large Enterprises
  • SMEs

By Deployment Type

  • On-premise
  • Cloud

By Component

  • Solution
    • Identity & Access Management
    • Infrastructure Security, Governance Risk & Compliance
    • Unified Vulnerability Management Service Offering
    • Data Security & Privacy Service Offering
    • Others
  • Service

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Accenture PLC
  • IBM Corporation
  • General Electric Company
  • Ansaldo Energia S.p.A.
  • Baker Hughes Company
  • Hitachi, Ltd. (Hitachi Energy Ltd.)
  • Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.)
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