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GCC Smart Grid Security Market by Component (Solution and Services) by Subsystem by Deployment Type (Cloud-based and On-premise) by Security Type: Industry Analysis, Trends, Growth and Forecast 2022-2027



GCC Smart Grid Security Market Overview:

The GCC smart grid security market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Smart grid security refers to the numerous tools and services used to protect communications networks, information technology (IT) systems, and smart power grids. It provides the advantages of clean, efficient, and affordable energy distribution throughout the grid with the help of home energy management systems, industrial control systems (ICS), and modern metering infrastructure. It involves integrated communications systems, advanced control techniques, and improved sensing and measuring interfaces. It employs technological solutions like identity and access management (IAM), encryption, firewalls, intrusion detection, and antivirus to avert threats, including viruses, malware, manipulation, data loss, and information threats. As a result, smart grid security is gaining immense traction across GCC countries to reduce the risks of equipment malfunction or power grid collapse.

The GCC smart grid security market is primarily driven by the rising electricity and power generation demand. Moreover, the surging adoption of smart grid security in the GCC region for securing communications and grid deployments due to the increasing incidences of cyberattacks is positively influencing the market growth. Along with this, the large-scale integration of web-based and cloud applications across different industrial sectors is contributing to market growth. Additionally, the implementation of these security solutions with connected devices to safeguard the home area network (HAN) and ensure data privacy and protection has catalyzed market growth. Besides this, the escalating demand for smart grids due to the growing population, significant economic growth across the region, and easy access to improved and affordable energy systems have augmented the product demand. Furthermore, numerous technological advancements, such as the widespread integration of Supervisory Control and Data Acquisition (SCADA) systems and the Internet of Things (IoT), are propelling market growth. Apart from this, the surging use of advanced components and control techniques to enhance the efficacy, security, and reliability features of power grids has accelerated product adoption rates. Other factors, including the implementation of favorable government initiatives to digitize the power sector with innovative grid technologies, the development of smart cities, and rapid urbanization, are also anticipated to create a positive market outlook.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC smart grid security market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC smart grid security market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC smart grid security market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC smart grid security market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC smart grid security market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC smart grid security market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC smart grid security market industry. Furthermore, the value chain analysis of the GCC smart grid security market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Smart Grid Security Market Segment Insights:

The GCC smart grid security market has been analysed as followed:

By Component:

  • Solution
    • Encryption
    • Antivirus and Antimalware
    • Identity and Access Management (IAM)
    • Firewall
    • Others
  • Services
    • Managed Services
    • Professional Services
    • Others

By Subsystem:

  • Demand Response System
  • Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
  • Home Energy Management System
  • Advanced Metering Infrastructure
  • Others

By Deployment Type:

  • Cloud-based
  • On-premise

By Security Type:

  • Endpoint Security
  • Application Security
  • Database Security
  • Network Security
  • Others

By Country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Smart Grid Security Market Report:

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

Report Customisation:

The GCC smart grid security market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   GCC Smart Grid Security Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Solution
        6.1.1 Market Trends
        6.1.2 Major Types
           6.1.2.1 Encryption
           6.1.2.2 Antivirus and Antimalware
           6.1.2.3 Identity and Access Management (IAM)
           6.1.2.4 Firewall
           6.1.2.5 Others
        6.1.3 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 Managed Services
           6.2.2.2 Professional Services
           6.2.2.3 Others
        6.2.3 Market Forecast
7   Market Breakup by Subsystem
    7.1    Demand Response System
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Home Energy Management System
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Advanced Metering Infrastructure
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Deployment Type
    8.1    Cloud-based
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    On-premise
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Security Type
    9.1    Endpoint Security
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Application Security
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Database Security
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Network Security
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Market Breakup by Country
    10.1    Saudi Arabia
        10.1.1 Market Trends
        10.1.2 Market Breakup by Component
        10.1.3 Market Breakup by Subsystem
        10.1.4 Market Breakup by Deployment Type
        10.1.5 Market Breakup by Security Type
        10.1.6 Market Forecast
    10.2    UAE
        10.2.1 Market Trends
        10.2.2 Market Breakup by Component
        10.2.3 Market Breakup by Subsystem
        10.2.4 Market Breakup by Deployment Type
        10.2.5 Market Breakup by Security Type
        10.2.6 Market Forecast
    10.3    Qatar
        10.3.1 Market Trends
        10.3.2 Market Breakup by Component
        10.3.3 Market Breakup by Subsystem
        10.3.4 Market Breakup by Deployment Type
        10.3.5 Market Breakup by Security Type
        10.3.6 Market Forecast
    10.4    Oman
        10.4.1 Market Trends
        10.4.2 Market Breakup by Component
        10.4.3 Market Breakup by Subsystem
        10.4.4 Market Breakup by Deployment Type
        10.4.5 Market Breakup by Security Type
        10.4.6 Market Forecast
    10.5    Kuwait
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Bahrain
        10.6.1 Market Trends
        10.6.2 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Policy and Regulatory Landscape
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: GCC: Smart Grid Security Market: Major Drivers and Challenges
Figure 2: GCC: Smart Grid Security Market: Sales Value (in Billion US$), 2016-2021
Figure 3: GCC: Smart Grid Security Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: GCC: Smart Grid Security Market: Breakup by Component (in %), 2021
Figure 5: GCC: Smart Grid Security Market: Breakup by Subsystem (in %), 2021
Figure 6: GCC: Smart Grid Security Market: Breakup by Deployment Type (in %), 2021
Figure 7: GCC: Smart Grid Security Market: Breakup by Security Type (in %), 2021
Figure 8: GCC: Smart Grid Security Market: Breakup by Country (in %), 2021
Figure 9: GCC: Smart Grid Security (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: GCC: Smart Grid Security (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: GCC: Smart Grid Security (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: GCC: Smart Grid Security (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: GCC: Smart Grid Security (Demand Response System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: GCC: Smart Grid Security (Demand Response System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: GCC: Smart Grid Security (Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: GCC: Smart Grid Security (Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: GCC: Smart Grid Security (Home Energy Management System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: GCC: Smart Grid Security (Home Energy Management System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: GCC: Smart Grid Security (Advanced Metering Infrastructure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: GCC: Smart Grid Security (Advanced Metering Infrastructure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: GCC: Smart Grid Security (Other Subsystems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: GCC: Smart Grid Security (Other Subsystems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: GCC: Smart Grid Security (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: GCC: Smart Grid Security (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: GCC: Smart Grid Security (On-premise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: GCC: Smart Grid Security (On-premise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: GCC: Smart Grid Security (Endpoint Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: GCC: Smart Grid Security (Endpoint Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: GCC: Smart Grid Security (Application Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: GCC: Smart Grid Security (Application Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: GCC: Smart Grid Security (Database Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: GCC: Smart Grid Security (Database Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: GCC: Smart Grid Security (Network Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: GCC: Smart Grid Security (Network Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: GCC: Smart Grid Security (Other Security Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: GCC: Smart Grid Security (Other Security Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Saudi Arabia: Smart Grid Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Saudi Arabia: Smart Grid Security Market: Breakup by Component (in %), 2021
Figure 39: Saudi Arabia: Smart Grid Security Market: Breakup by Subsystem (in %), 2021
Figure 40: Saudi Arabia: Smart Grid Security Market: Breakup by Deployment Type (in %), 2021
Figure 41: Saudi Arabia: Smart Grid Security Market: Breakup by Security Type (in %), 2021
Figure 42: Saudi Arabia: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: UAE: Smart Grid Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: UAE: Smart Grid Security Market: Breakup by Component (in %), 2021
Figure 45: UAE: Smart Grid Security Market: Breakup by Subsystem (in %), 2021
Figure 46: UAE: Smart Grid Security Market: Breakup by Deployment Type (in %), 2021
Figure 47: UAE: Smart Grid Security Market: Breakup by Security Type (in %), 2021
Figure 48: UAE: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Qatar: Smart Grid Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Qatar: Smart Grid Security Market: Breakup by Component (in %), 2021
Figure 51: Qatar: Smart Grid Security Market: Breakup by Subsystem (in %), 2021
Figure 52: Qatar: Smart Grid Security Market: Breakup by Deployment Type (in %), 2021
Figure 53: Qatar: Smart Grid Security Market: Breakup by Security Type (in %), 2021
Figure 54: Qatar: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Oman: Smart Grid Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Oman: Smart Grid Security Market: Breakup by Component (in %), 2021
Figure 57: Oman: Smart Grid Security Market: Breakup by Subsystem (in %), 2021
Figure 58: Oman: Smart Grid Security Market: Breakup by Deployment Type (in %), 2021
Figure 59: Oman: Smart Grid Security Market: Breakup by Security Type (in %), 2021
Figure 60: Oman: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Kuwait: Smart Grid Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Kuwait: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Bahrain: Smart Grid Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Bahrain: Smart Grid Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: GCC: Smart Grid Security Industry: SWOT Analysis
Figure 66: GCC: Smart Grid Security Industry: Value Chain Analysis
Figure 67: GCC: Smart Grid Security Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: GCC: Smart Grid Security Market: Key Industry Highlights, 2021 and 2027
Table 2: GCC: Smart Grid Security Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: GCC: Smart Grid Security Market Forecast: Breakup by Subsystem (in Million US$), 2022-2027
Table 4: GCC: Smart Grid Security Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 5: GCC: Smart Grid Security Market Forecast: Breakup by Security Type (in Million US$), 2022-2027
Table 6: GCC: Smart Grid Security Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 7: GCC: Smart Grid Security Market: Competitive Structure
Table 8: GCC: Smart Grid Security Market: Key Players

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