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Utilities Security - Global Strategic Business Report

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    Report

  • 194 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030477
The global market for Utilities Security was estimated at US$9.9 Billion in 2023 and is projected to reach US$30.7 Billion by 2030, growing at a CAGR of 17.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Utilities Security Market - Key Trends & Drivers Summarized

Why Is Security in the Utilities Sector So Crucial?

Security in the utilities sector is of paramount importance, given the critical role that utilities play in ensuring the continuous supply of essential services such as electricity, water, and natural gas. The increasing complexity of utility infrastructure, coupled with the growing threat of cyberattacks, makes the need for robust security measures more urgent than ever. Utilities are not only responsible for the physical security of their assets, such as power plants and water treatment facilities, but also for safeguarding the cyber infrastructure that controls these systems. A successful attack on utility infrastructure can lead to widespread disruption, economic losses, and threats to public safety. As a result, utilities must implement comprehensive security strategies that address both physical and cyber threats, ensuring the reliability and safety of their services.

How Is Technology Enhancing Security in the Utilities Sector?

Technological advancements are playing a critical role in enhancing security across the utilities sector. The integration of advanced surveillance systems, biometric access controls, and perimeter intrusion detection systems (PIDS) are improving physical security at utility facilities. Meanwhile, the adoption of cutting-edge cybersecurity measures, such as intrusion detection systems (IDS), firewalls, and encryption technologies, is helping to protect the digital infrastructure of utilities from increasingly sophisticated cyber threats. The rise of the Industrial Internet of Things (IIoT) has introduced new vulnerabilities, but it has also enabled utilities to deploy smart sensors and monitoring systems that provide real-time data on potential security breaches. Additionally, the use of artificial intelligence (AI) and machine learning (ML) in threat detection and response is becoming more prevalent, allowing utilities to predict and mitigate security risks before they can cause significant harm.

Why Are Utilities Embracing Comprehensive Security Solutions?

Utilities are increasingly adopting comprehensive security solutions to address the wide range of threats they face. The growing recognition of the interconnectedness of physical and cyber security has led to a more integrated approach, where utilities implement unified security strategies that encompass both domains. The regulatory environment is also driving the adoption of advanced security measures, with governments and industry bodies imposing stricter security requirements on utilities to protect critical infrastructure. In addition, the financial and reputational risks associated with security breaches are compelling utilities to invest in more robust security solutions. The increasing digitization of utility operations, including the deployment of smart grids and automated systems, has expanded the attack surface for cyber threats, making it essential for utilities to adopt comprehensive security frameworks that can protect both their physical and digital assets.

What Factors Are Driving the Growth in the Utilities Security Market?

The growth in the Utilities Security market is driven by several factors, including the rising threat of cyberattacks, the increasing adoption of advanced security technologies, and the growing regulatory pressure to protect critical infrastructure. The expansion of smart grid technologies and the integration of IIoT devices into utility operations are creating new security challenges, driving the demand for more sophisticated cybersecurity solutions. Additionally, the growing awareness of the risks posed by both physical and cyber threats is prompting utilities to invest in integrated security systems that can provide comprehensive protection. The introduction of stricter regulations and standards for critical infrastructure security is also pushing utilities to enhance their security measures, leading to increased spending on security technologies and services. Furthermore, the increasing complexity of utility infrastructure and the need for real-time monitoring and threat detection are driving the adoption of AI and ML-based security solutions, further fueling the growth of the market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Physical Security segment, which is expected to reach US$17.8 Billion by 2030 with a CAGR of a 14.9%. The Cyber Security segment is also set to grow at 22.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $2.7 Billion in 2023, and China, forecasted to grow at an impressive 16.6% CAGR to reach $4.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Utilities Security Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Utilities Security Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Utilities Security Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Alien Vault, Inc., Anixter International, Inc., Axis Communications AB, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 42 Featured):

  • Alien Vault, Inc.
  • Anixter International, Inc.
  • Axis Communications AB
  • Bosch Sicherheitssysteme GmbH
  • Cisco Systems, Inc.
  • Computer Science Corporation
  • G4S PLC
  • General Dynamics Corporation
  • General Electric Company
  • Honeywell Security Group
  • Johnson Controls International PLC
  • Northrop Grumman Corporation
  • Qognify
  • Siemens AG
  • Symantec Corporation

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Utilities Security - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Cybersecurity Threats Driving Investment in Utility Security
  • Adoption of Advanced Monitoring and Surveillance Technologies
  • Growth in Smart Grid Deployments Increasing Vulnerability to Cyber Attacks
  • Integration of AI and Machine Learning in Security Solutions
  • Rising Demand for Physical Security Solutions in Utility Infrastructure
  • Development of Unified Security Platforms for Utilities
  • Increasing Threat of Insider Attacks in Utility Operations
  • Role of IoT in Expanding Security Vulnerabilities
  • Investment in Security Training and Awareness Programs
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Utilities Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 2: World 7-Year Perspective for Utilities Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
  • TABLE 3: World Recent Past, Current & Future Analysis for Physical Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 4: World 7-Year Perspective for Physical Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Cyber Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 6: World 7-Year Perspective for Cyber Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 8: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 9: World Utilities Security Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 11: World 7-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 12: World Recent Past, Current & Future Analysis for Electricity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 13: World 7-Year Perspective for Electricity by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • TABLE 14: USA Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 15: USA 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 16: USA Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 17: USA 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
CANADA
  • TABLE 18: Canada Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 19: Canada 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 20: Canada Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 21: Canada 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
JAPAN
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • TABLE 22: Japan Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 23: Japan 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 24: Japan Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 25: Japan 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
CHINA
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • TABLE 26: China Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 27: China 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 28: China Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 29: China 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
EUROPE
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • TABLE 30: Europe Recent Past, Current & Future Analysis for Utilities Security by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 31: Europe 7-Year Perspective for Utilities Security by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
  • TABLE 32: Europe Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 33: Europe 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 34: Europe Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 35: Europe 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
FRANCE
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • TABLE 36: France Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 37: France 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 38: France Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 39: France 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
GERMANY
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • TABLE 40: Germany Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 41: Germany 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 42: Germany Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 43: Germany 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
ITALY
  • TABLE 44: Italy Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 45: Italy 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 46: Italy Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 47: Italy 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
UNITED KINGDOM
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • TABLE 48: UK Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 49: UK 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 50: UK Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 51: UK 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
REST OF EUROPE
  • TABLE 52: Rest of Europe Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 53: Rest of Europe 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 54: Rest of Europe Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 55: Rest of Europe 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
ASIA-PACIFIC
  • Utilities Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • TABLE 56: Asia-Pacific Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 57: Asia-Pacific 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 58: Asia-Pacific Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 59: Asia-Pacific 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
REST OF WORLD
  • TABLE 60: Rest of World Recent Past, Current & Future Analysis for Utilities Security by Product Type - Physical Security and Cyber Security - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 61: Rest of World 7-Year Perspective for Utilities Security by Product Type - Percentage Breakdown of Value Sales for Physical Security and Cyber Security for the Years 2024 & 2030
  • TABLE 62: Rest of World Recent Past, Current & Future Analysis for Utilities Security by Application - Oil & Gas, Electricity and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 63: Rest of World 7-Year Perspective for Utilities Security by Application - Percentage Breakdown of Value Sales for Oil & Gas, Electricity and Other Applications for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alien Vault, Inc.
  • Anixter International, Inc.
  • Axis Communications AB
  • Bosch Sicherheitssysteme GmbH
  • Cisco Systems, Inc.
  • Computer Science Corporation
  • G4S PLC
  • General Dynamics Corporation
  • General Electric Company
  • Honeywell Security Group
  • Johnson Controls International PLC
  • Northrop Grumman Corporation
  • Qognify
  • Siemens AG
  • Symantec Corporation

Table Information