Cybersecurity in Energy Market Projected to Hit $21.8 Billion by 2031 Amid Rising Threats and Digitalization-Allied Market Research
According to the report, the global cyber security in energy industry generated $8.6 billion in 2022, and is anticipated to generate $25 billion by 2032, witnessing a CAGR of 11.7% from 2023 to 2032. Allied Market Research published a report, titled, Cyber Security in Energy Sector Market "Component (Solution and Services), Deployment Model (On-Premise, Cloud), Enterprise Size (Small and Medium-Sized Enterprises and Large Enterprises), End User (Industrial, Commercial, and Residential): Global Opportunity Analysis and Industry Forecast, 2023-2032".๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A270236
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
The rise in demand for cloud-based cybersecurity solutions in the energy sector and the surge in the occurrence of cyberattacks across the energy sector drive the growth of the market. However, complexities of device security, along with budget constraints among start-ups and SMEs limit the growth of the market. Conversely, increase in adoption of smart device applications and platforms in energy sector and robust need for strong authentication methods are anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: -
IBM Corporation
General Electric
Hitachi Energy Ltd.
Schneider Electric
ABB
Schweitzer Engineering Laboratories, Inc.
Siemens
AT&T
Eaton Corporation Plc.
The report provides a detailed analysis of these key players in the global cyber security in energy market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
๐ฐ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/cyber-security-in-energy-sector-market/purchase-options
๐๐ก๐ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ, the solution segment held the highest market share in 2022, accounting for around two-thirds of the global cyber security in energy sector market revenue, owing to the increase in need for vulnerability assessment, penetration testing, and ensuring compliance with the leading federal, defense, and industry security standards. However, the service segment is projected to attain the highest ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2023 to 2032, owing to the rise in adoption of digital technologies across the energy sector and increase in availability of desired information from anywhere at any time are putting data privacy and protection at greater risk.
๐๐ก๐ ๐จ๐ง-๐ฉ๐ซ๐๐ฆ๐ข๐ฌ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐ฆ๐จ๐๐๐ฅ, the on-premise segment accounted for the largest share in 2022, contributing to more than half of the global cyber security in energy sector market revenue, owing to increase in need to secure critical data from cyberattacks and monitor the influx of data within the organization, which eventually drives the need for on-premise solutions in energy market. However, the cloud segment is also expected to portray the largest ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2023 to 2032 and is projected to maintain its fastest-growing position during the forecast period.
๐๐ก๐ ๐ฅ๐๐ซ๐ ๐ ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐ ๐ฌ๐ข๐ณ๐, the large enterprises segment held the highest market share in 2022, accounting for around three-fifths of the global cyber security in energy sector market revenue, owing , increase in need of automation and rise in use of industrial internet required more prominent data security system. However, the small & medium-sized enterprises (SMEs) segment is projected to attain the highest ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2023 to 2032, owing to the increase in need to recognize the importance of IT and systems department rather than just hardware repair among SMEs.
๐๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐ง๐ ๐ฎ๐ฌ๐๐ซ, the industrial segment accounted for the largest share in 2022, contributing to less than half of the global cyber security in energy sector market revenue, owing to the rapid rise in digitalization and growth in networking of machines and industrial systems have given rise to the risk of cyberattacks, which eventually drives the demand for cyber security solution in industrial segment. However, the residential segment is also expected to portray the largest ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2023 to 2032 and is projected to maintain its fastest-growing position during the forecast period.
๐ฐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A270236
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐๐ ๐ข๐จ๐ง, North America held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global cyber security in energy sector market revenue, owing to the rapid digital transformation initiatives in the energy sector, along with the increasing focus on resilience and business continuity in the wake of cyber incidents in the region. However, the Asia-Pacific region is expected to witness the fastest ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to the increasing adoption of advanced technologies such as the Internet of Things (IoT) and cloud computing, expanding the attack surface and necessitating stronger security measures in the region.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐๐ & ๐๐๐๐ข๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/cloud-computing-services-market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/cloud-data-security-market-A278702 - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/artificial-neural-network-market-A12999 - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/demand-side-platform-dsp-system-market-A181302 - Global Opportunity Analysis and Industry Forecast, 2023-2032
๐๐จ๐ง๐ญ๐๐๐ญ:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cybersecurity in Energy Market Projected to Hit $21.8 Billion by 2031 Amid Rising Threats and Digitalization-Allied Market Research here
News-ID: 3694345 • Views: โฆ
More Releases from Allied Market Research
Network Access Control Market Poised to Hit $16.2 Billion by 2032, Driven by Gro โฆ
According to a new report published by Allied Market Research, titled, "Network Access Control Market," The network access control market size was valued at $2.6 billion in 2022, and is estimated to reach $16.2 billion by 2032, growing at a CAGR of 20.6% from 2023 to 2032.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A08347
Network access control is a significant security approach that is crucial for restricting access to private networks and sensitive resources.โฆ
Toys Market to Incur Value Growth at 2.5% CAGR from 2021 to 2027
The toys market is a dynamic and evolving sector that caters to a wide range of age groups, from infants to teenagers, and even adults. Driven by innovation, technology, and changing consumer preferences, the market has seen significant growth in recent years. Factors like increased disposable income, a rising focus on early childhood development, and the popularity of digital and educational toys are contributing to the market's expansion.
The toys marketโฆ
New Report : Kitchen Appliances Market Revenues to Rake in at a CAGR of 6.0% Dur โฆ
The kitchen appliances market is a vital segment of the home appliances industry, characterized by rapid innovation, increasing consumer demand for convenience, and the growing adoption of smart and energy-efficient products. This market includes a broad range of products designed to assist with cooking, food storage, and cleaning, making household tasks easier and more efficient.
The kitchen appliances market size was valued at $237.30Billion in 2019 and is expected to reachโฆ
Carpet Floor Mats Market Healthy Pace throughout 2033 Just Published
The carpet floor mats market is a key segment within the automotive and home decor industries, driven by increasing consumer demand for both functional and aesthetic flooring solutions. Carpet floor mats provide comfort, protection, and style, making them a popular choice for residential, commercial, and automotive applications.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/A06768
Key Market Drivers
Growth in the Automotive Industry: The increasing production and sales of vehicles worldwide have significantly boostedโฆ
More Releases for Energy
Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph โฆ
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statisticsโฆ
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene โฆ
Qurate Business Intelligenceโs up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns overโฆ
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S โฆ
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data onโฆ
Energy As A Service Market by Top Manufacturers โ WGL Energy Services, Engie, โฆ
Global Energy as a service Market to reach USD 19,607.8 million by 2025.
Global energy as a service market valued approximately USD 965.5 billion in 2017 is anticipated to grow with a healthy growth rate of 45.70 % over the forecast period 2018-2025. Growing potential of renewable energy is considered as a key trend for the Energy as a service market over the forecast period. As renewable energy is driving energyโฆ
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi โฆ
Looking at the current market trends as well as the promising demand status of the โIn-Pipe Hydro Systems Marketโ it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assistingโฆ
Global In-pipe Hydro Systems Market to 2025| Lucid Energy, Rentricity, Tecnoturb โฆ
Albany, NY, 30th January : Recent research and the current scenario as well as future market potential of "In-Pipe Hydro Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" globally.
Global In-pipe Hydro Systems Market: Overview
This report analyzes and forecasts the market for in-pipe hydro systems at the global and regional level. The market has been forecast based on market share (percentages) and revenue (US$โฆ