The North America Cyber Security In Energy Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
The applications in the energy industry use operational technology to monitor & control the physical processes in the oil & gas industry by obtaining process variable data, like temperatures, levels, pressures, and valve positions, and analyzing this data to automate processes. Unfortunately, their implementation has simplified facility management, making process control systems susceptible to cyber threats. Utilities and energy companies are crucial to every nation's key infrastructure, making them a prime target for cyber terrorists and hackers.
Due to the increasing sophistication of power grids, cyberattacks have the potential to have devastating effects on them, making multilayered protection essential for safeguarding the smart grid end-to-end. Compliance with requirements such as NERC CIP, standards like NIST, IEC, and ISO, and preparation for security audits necessitate major modifications to the utility security framework. IT security specialists are devoting additional time and resources to the energy and utilities industry due to an increase in public security breaches. As a result, cyber security in energy market is gaining commercial relevance.
Canada's provinces and territories are responsible for their own electrical power networks, and they are all investigating alternative energy sources. For example, Quebec generates 98% of its electricity through hydropower, while Manitoba, Newfoundland and Labrador, Prince Edward Island, British Columbia, and the Yukon rely on 89% to 95% hydropower. The Energy Sector is acutely aware of its risks and makes a substantial voluntary effort to enhance its planning and readiness. Furthermore, collaboration through industry associations has resulted in extensive knowledge sharing regarding best practices within the industry. These factors will fuel the expansion of cyber security in energy market.
The US market dominated the North America 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 $3,897.4 million by 2028. The Canada market is poised to grow at a CAGR of 12% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11% 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 U.S., Mexico, Canada, and Rest of North America.
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
By Deployment Type
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
- US
- Canada
- Mexico
- Rest of North America
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.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cyber Security In Energy Market, by End User
1.4.2 North America Cyber Security In Energy Market, by Organization Size
1.4.3 North America Cyber Security In Energy Market, by Deployment Type
1.4.4 North America Cyber Security In Energy Market, by Component
1.4.5 North America Cyber Security In Energy Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2020, Apr – 2023, Feb) Leading Players
Chapter 4. North America Cyber Security In Energy Market by End User
4.1 North America Commercial Market by Country
4.2 North America Industrial Market by Country
4.3 North America Residential Market by Country
Chapter 5. North America Cyber Security In Energy Market by Organization Size
5.1 North America Large Enterprises Market by Country
5.2 North America SMEs Market by Country
Chapter 6. North America Cyber Security In Energy Market by Deployment Type
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Cyber Security In Energy Market by Component
7.1 North America Solution Market by Country
7.2 North America Cyber Security In Energy Market by Solution Type
7.2.1 North America Identity & Access Management Market by Country
7.2.2 North America Infrastructure Security, Governance Risk & Compliance Market by Country
7.2.3 North America Unified Vulnerability Management Service Offering Market by Country
7.2.4 North America Data Security & Privacy Service Offering Market by Country
7.2.5 North America Others Market by Country
7.3 North America Service Market by Country
Chapter 8. North America Cyber Security In Energy Market by Country
8.1 US Cyber Security In Energy Market
8.1.1 US Cyber Security In Energy Market by End User
8.1.2 US Cyber Security In Energy Market by Organization Size
8.1.3 US Cyber Security In Energy Market by Deployment Type
8.1.4 US Cyber Security In Energy Market by Component
8.1.4.1 US Cyber Security In Energy Market by Solution Type
8.2 Canada Cyber Security In Energy Market
8.2.1 Canada Cyber Security In Energy Market by End User
8.2.2 Canada Cyber Security In Energy Market by Organization Size
8.2.3 Canada Cyber Security In Energy Market by Deployment Type
8.2.4 Canada Cyber Security In Energy Market by Component
8.2.4.1 Canada Cyber Security In Energy Market by Solution Type
8.3 Mexico Cyber Security In Energy Market
8.3.1 Mexico Cyber Security In Energy Market by End User
8.3.2 Mexico Cyber Security In Energy Market by Organization Size
8.3.3 Mexico Cyber Security In Energy Market by Deployment Type
8.3.4 Mexico Cyber Security In Energy Market by Component
8.3.4.1 Mexico Cyber Security In Energy Market by Solution Type
8.4 Rest of North America Cyber Security In Energy Market
8.4.1 Rest of North America Cyber Security In Energy Market by End User
8.4.2 Rest of North America Cyber Security In Energy Market by Organization Size
8.4.3 Rest of North America Cyber Security In Energy Market by Deployment Type
8.4.4 Rest of North America Cyber Security In Energy Market by Component
8.4.4.1 Rest of North America Cyber Security In Energy Market by Solution Type
Chapter 9. Company Profiles
9.1 Accenture PLC
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisition and Mergers:
9.2.5.2 Geographical Expansions:
9.2.6 SWOT Analysis
9.3 General Electric Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Ansaldo Energia S.p.A.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.5 Baker Hughes Company
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Acquisition and Mergers:
9.6 Hitachi, Ltd. (Hitachi Energy Ltd.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.7 Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expenses
TABLE 1 North America Cyber Security In Energy Market, 2018 - 2021, USD Million
TABLE 2 North America Cyber Security In Energy Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cyber Security In Energy Market
TABLE 4 Product Launches And Product Expansions– Cyber Security In Energy Market
TABLE 5 Acquisition and Mergers– Cyber Security In Energy Market
TABLE 6 Geographical Expansions – Cyber Security In Energy Market
TABLE 7 North America Cyber Security In Energy Market by End User, 2018 - 2021, USD Million
TABLE 8 North America Cyber Security In Energy Market by End User, 2022 - 2028, USD Million
TABLE 9 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Cyber Security In Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 16 North America Cyber Security In Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 17 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 19 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 20 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Cyber Security In Energy Market by Deployment Type, 2018 - 2021, USD Million
TABLE 22 North America Cyber Security In Energy Market by Deployment Type, 2022 - 2028, USD Million
TABLE 23 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 24 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Cyber Security In Energy Market by Component, 2018 - 2021, USD Million
TABLE 28 North America Cyber Security In Energy Market by Component, 2022 - 2028, USD Million
TABLE 29 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Cyber Security In Energy Market by Solution Type, 2018 - 2021, USD Million
TABLE 32 North America Cyber Security In Energy Market by Solution Type, 2022 - 2028, USD Million
TABLE 33 North America Identity & Access Management Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Identity & Access Management Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Infrastructure Security, Governance Risk & Compliance Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Infrastructure Security, Governance Risk & Compliance Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Unified Vulnerability Management Service Offering Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Unified Vulnerability Management Service Offering Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Data Security & Privacy Service Offering Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Data Security & Privacy Service Offering Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Service Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Service Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Cyber Security In Energy Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Cyber Security In Energy Market by Country, 2022 - 2028, USD Million
TABLE 47 US Cyber Security In Energy Market, 2018 - 2021, USD Million
TABLE 48 US Cyber Security In Energy Market, 2022 - 2028, USD Million
TABLE 49 US Cyber Security In Energy Market by End User, 2018 - 2021, USD Million
TABLE 50 US Cyber Security In Energy Market by End User, 2022 - 2028, USD Million
TABLE 51 US Cyber Security In Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 52 US Cyber Security In Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 53 US Cyber Security In Energy Market by Deployment Type, 2018 - 2021, USD Million
TABLE 54 US Cyber Security In Energy Market by Deployment Type, 2022 - 2028, USD Million
TABLE 55 US Cyber Security In Energy Market by Component, 2018 - 2021, USD Million
TABLE 56 US Cyber Security In Energy Market by Component, 2022 - 2028, USD Million
TABLE 57 US Cyber Security In Energy Market by Solution Type, 2018 - 2021, USD Million
TABLE 58 US Cyber Security In Energy Market by Solution Type, 2022 - 2028, USD Million
TABLE 59 Canada Cyber Security In Energy Market, 2018 - 2021, USD Million
TABLE 60 Canada Cyber Security In Energy Market, 2022 - 2028, USD Million
TABLE 61 Canada Cyber Security In Energy Market by End User, 2018 - 2021, USD Million
TABLE 62 Canada Cyber Security In Energy Market by End User, 2022 - 2028, USD Million
TABLE 63 Canada Cyber Security In Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 64 Canada Cyber Security In Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 65 Canada Cyber Security In Energy Market by Deployment Type, 2018 - 2021, USD Million
TABLE 66 Canada Cyber Security In Energy Market by Deployment Type, 2022 - 2028, USD Million
TABLE 67 Canada Cyber Security In Energy Market by Component, 2018 - 2021, USD Million
TABLE 68 Canada Cyber Security In Energy Market by Component, 2022 - 2028, USD Million
TABLE 69 Canada Cyber Security In Energy Market by Solution Type, 2018 - 2021, USD Million
TABLE 70 Canada Cyber Security In Energy Market by Solution Type, 2022 - 2028, USD Million
TABLE 71 Mexico Cyber Security In Energy Market, 2018 - 2021, USD Million
TABLE 72 Mexico Cyber Security In Energy Market, 2022 - 2028, USD Million
TABLE 73 Mexico Cyber Security In Energy Market by End User, 2018 - 2021, USD Million
TABLE 74 Mexico Cyber Security In Energy Market by End User, 2022 - 2028, USD Million
TABLE 75 Mexico Cyber Security In Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 76 Mexico Cyber Security In Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 77 Mexico Cyber Security In Energy Market by Deployment Type, 2018 - 2021, USD Million
TABLE 78 Mexico Cyber Security In Energy Market by Deployment Type, 2022 - 2028, USD Million
TABLE 79 Mexico Cyber Security In Energy Market by Component, 2018 - 2021, USD Million
TABLE 80 Mexico Cyber Security In Energy Market by Component, 2022 - 2028, USD Million
TABLE 81 Mexico Cyber Security In Energy Market by Solution Type, 2018 - 2021, USD Million
TABLE 82 Mexico Cyber Security In Energy Market by Solution Type, 2022 - 2028, USD Million
TABLE 83 Rest of North America Cyber Security In Energy Market, 2018 - 2021, USD Million
TABLE 84 Rest of North America Cyber Security In Energy Market, 2022 - 2028, USD Million
TABLE 85 Rest of North America Cyber Security In Energy Market by End User, 2018 - 2021, USD Million
TABLE 86 Rest of North America Cyber Security In Energy Market by End User, 2022 - 2028, USD Million
TABLE 87 Rest of North America Cyber Security In Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 88 Rest of North America Cyber Security In Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 89 Rest of North America Cyber Security In Energy Market by Deployment Type, 2018 - 2021, USD Million
TABLE 90 Rest of North America Cyber Security In Energy Market by Deployment Type, 2022 - 2028, USD Million
TABLE 91 Rest of North America Cyber Security In Energy Market by Component, 2018 - 2021, USD Million
TABLE 92 Rest of North America Cyber Security In Energy Market by Component, 2022 - 2028, USD Million
TABLE 93 Rest of North America Cyber Security In Energy Market by Solution Type, 2018 - 2021, USD Million
TABLE 94 Rest of North America Cyber Security In Energy Market by Solution Type, 2022 - 2028, USD Million
TABLE 95 Key information – Accenture PLC
TABLE 96 Key information – IBM Corporation
TABLE 97 KEY INFORMATION – General Electric Company
TABLE 98 Key Information – Ansaldo Energia S.p.A.
TABLE 99 Key Information – Baker Hughes Company
TABLE 100 Key Information – Hitachi, Ltd.
TABLE 101 Key Information – Mitsubishi Heavy Industries Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: Acquisition and Mergers: 2020, Apr – 2023, Feb) Leading Players
FIG 6 Recent strategies and developments: Accenture PLC
FIG 7 Swot analysis: Accenture plC
FIG 8 Recent strategies and developments: IBM Corporation
FIG 9 Swot analysis: IBM Corporation
FIG 10 Swot analysis: General electric (GE) Co.