Cloud Security in Energy Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The cloud security in energy market size has grown rapidly in recent years. It will grow from $1.39 billion in 2024 to $1.54 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to operational efficiency, integration of IoT devices, digital transformation initiatives, increased complexity of IT environments, cost reduction and scalability.

The cloud security in energy market size is expected to see rapid growth in the next few years. It will grow to $2.29 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increasing adoption of cloud computing, rising cybersecurity threats, globalization of energy operations, regulatory compliance requirements, data sensitivity and confidentiality. Major trends in the forecast period include advanced persistent threats (APTs), adoption of edge computing, focus on zero trust security models, continued regulatory emphasis on security, rapid technological advancements.

The increasing use of IoT devices is anticipated to drive the expansion of cloud security within the energy sector in the future. The Internet of Things (IoT) encompasses a range of non-traditional computing devices such as machines, sensors, actuators, and other wirelessly connected devices that can transmit data across networks. These devices enable continuous monitoring of geographically spread operations, providing real-time data that helps energy companies optimize processes and boost efficiency. For example, Uswitch Limited, a UK-based financial regulatory authority, reported in February 2023 that the number of smartphones in the UK reached 71.8 million in 2022, marking a 3.8% increase (roughly 2.6 million) from 2021. Furthermore, by 2025, the UK's population is projected to be 68.3 million, with 95% (around 65 million people) expected to own smartphones. As a result, the widespread adoption of IoT devices is fueling the growth of cloud security in the energy industry.

Prominent entities within the cloud security segment of the energy market are strategically forging partnerships to bolster their market position and profitability. Strategic partnerships entail collaborative agreements between multiple organizations aimed at achieving mutual benefits. For instance, in October 2023, Tenable Inc., a US-based cybersecurity firm, entered into a partnership with Siemens Energy AG, a US-based energy corporation, with the objective of enhancing security in operational technology (OT) settings within the energy industry. Through this collaboration, Siemens Energy's Omnivise T3000 cybersecurity is slated to undergo reinforcement, streamlining industry standard compliance procedures. Leveraging Tenable OT Security for asset discovery and vulnerability management, Siemens Energy will integrate Tenable OT Security as a network intrusion detection system (NIDS) into their Omnivise T3000 control system, building upon years of collaborative efforts.

In May 2022, Schneider Electric SE, a leading electrical and electronics manufacturing company headquartered in France, completed the acquisition of Autogrid Systems Inc., based in the United States, for an undisclosed sum. This strategic move is anticipated to enable Schneider Electric to expand its presence into new markets while equipping energy businesses worldwide with the necessary resources to integrate over 1,000 GW of distributed and renewable energy resources into the grid. AutoGrid Systems Inc. specializes in AI-powered energy resource software, including cloud security operations for the energy sector, aligning closely with Schneider Electric's objectives in advancing sustainable energy solutions globally.

Major companies operating in the cloud security in energy market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Accenture Plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., Broadcom Inc., SAP SE, ABB Ltd., Salesforce.com Inc., NTT DATA Corporation, Cognizant Technology Solutions Corporation, Infosys Limited, VMware Inc., Wipro Limited, Tech Mahindra Limited, Palo Alto Networks Inc., Fortinet Inc., Red Hat Inc., Trend Micro Incorporated, Nutanix Inc., Zscaler Inc., Sophos Ltd.

North America was the largest region in the cloud security in energy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud security in energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cloud security in energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cloud security in the energy market includes revenues earned by entities by providing services such as identity and access management, data loss prevention, intrusion detection and prevention systems, and endpoint security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The cloud security in the energy market also includes sales of encryption devices, security devices, and energy hardware. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Cloud security in energy involves the implementation of robust measures and protocols to protect digital assets, data, and infrastructure within cloud-based systems utilized by the energy sector. This is crucial for ensuring the security of critical information, maintaining operational resilience, and mitigating potential cyber threats.

The primary services associated with cloud security in energy are Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Infrastructure as a Service (IaaS) is a cloud computing service model that provides virtualized computing resources over the internet. It encompasses various security solution types, including identity and access management, data loss prevention, intrusion detection and prevention systems, security information and event management, and encryption. IaaS involves infrastructure components such as servers, storage, and networking equipment and is utilized on platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).

The cloud security in energy market research report is one of a series of new reports that provides cloud security in energy market statistics, including cloud security in energy industry global market size, regional shares, competitors with cloud security in energy market share, detailed cloud security in energy market segments, market trends, and opportunities, and any further data you may need to thrive in the cloud security in energy industry. This cloud security in energy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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