SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Grid Security - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
Global competitiveness and key competitor percentage market shares
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Edition: 9; Released: January 2022
Executive Pool: 20668
Companies: 31 - Players covered include AlertEnterprise, Inc.; BAE Systems PLC; Cisco Systems, Inc.; Elster Solutions; IBM Corporation; Intel Security Group - McAfee, Inc.; Leidos Holdings, Inc.; N-Dimension Solutions, Inc.; Siemens AG; Symantec Corporation and Others.
Coverage: All major geographies and key segments
Segments: Security Type (Endpoint Security, Network Security, Application Security, Database Security)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Smart Grid Security Market to Reach $9.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Grid Security estimated at US$5.6 Billion, is projected to reach a revised size of US$9.4 Billion by 2026, growing at a CAGR of 8.9% over the analysis period. Endpoint Security, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$2.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Network Security segment is readjusted to a revised 9.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Smart Grid Security market in the U.S. is estimated at US$1.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 8.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
Application Security Segment to Reach US$2.3 Billion by the year 2026
In the global Application Security segment, USA, Canada, Japan, China and Europe will drive the 10.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.