Us Utilities Security Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Utilities Security Market was valued at USD 30 Billion in 2022 and is projected to reach USD 55 Billion by 2030, growing at a CAGR of 8% from 2024 to 2030.
The U.S. utilities sector is undergoing a significant transformation, driven by escalating cyber threats and the rapid integration of advanced technologies. In 2023, the global utilities security market was valued at approximately $9.9 billion and is projected to reach $30.7 billion by 2030, reflecting a compound annual growth rate (CAGR) of 17.6%. citeturn0search2 This surge is largely attributed to the increasing complexity of utility infrastructures and the growing threat of cyberattacks. Utilities are now prioritizing robust security measures to protect critical assets such as power plants, substations, transmission lines, and distribution networks. The market is segmented into physical security, cybersecurity, and other solutions, with cybersecurity emerging as a dominant focus area. citeturn0search0 The integration of smart grid technologies and renewable energy sources has further complicated security landscapes. While these advancements offer operational efficiencies, they also introduce new vulnerabilities. The adoption of Internet of Things (IoT) devices and artificial intelligence (AI) in utility operations has expanded the attack surface, necessitating advanced threat detection and response strategies. citeturn0search6 In response to these challenges, utilities are investing heavily in comprehensive security solutions. The physical security segment, which includes surveillance systems, access control, and perimeter protection, holds a significant share of the market. However, the cybersecurity segment is experiencing the most rapid growth, driven by the need to defend against sophisticated cyber threats. citeturn0search6 The U.S. has been particularly vulnerable to cyberattacks, accounting for 47% of global incidents in the utilities sector. Phishing remains the most prevalent attack method, responsible for 84% of breaches. The rise of ransomware groups targeting utilities underscores the critical need for enhanced cybersecurity measures. citeturn0search8 Looking ahead, the U.S. utilities security market is expected to continue its robust growth trajectory. The increasing adoption of AI and machine learning technologies is anticipated to play a pivotal role in proactive threat detection and response, further driving market expansion. citeturn0search6
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Axis Communications
Bosch Security Systems
Honeywell Security
Qognify
Tyco International
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Utilities Security Market
Physical Security Threats
Cyber Security Threats
Operational Threats
Environmental Threats
Video Surveillance
Access Control Systems
Intrusion Detection Systems
Network Security Solutions
Employee Monitoring Solutions
Electric Utilities
Water Utilities
Gas Utilities
Telecommunication Utilities
On-premise Security Solutions
Cloud-based Security Solutions
Hybrid Security Solutions
Hardware
Software
Services
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Utilities Security Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Utilities Security Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Utilities Security Market, By Type
6. Global Utilities Security Market, By Application
7. Global Utilities Security Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Utilities Security Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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