According to the International Energy Agency (IEA), world energy markets continue to be susceptible to disruptions caused by events ranging from geo-political strife to natural disasters. Energy security is a pressing need which needs to be addressed by contemporary establishments and organizations around the world. Hence, it has become increasingly crucial to protect energy sources from coming under attack in the form of both physical and cyber threats.
 
Presented in this report is a current trends analysis, which establishes growth drivers and restraints of the energy security market. Furthermore, historical data and market projections for the forecast period of the energy security market are mentioned in the report. A comprehensive evaluation of the macro and micro factors which will impact the growth of the existing key players and new entrants is available in the report.
 
An in-depth value chain analysis demonstrates the key opportunities in the energy security market. The companies profile evaluation section in the report delivers useful information about the crucial aspects of leading companies operating in the energy security industry.
 
Overview of the global energy security market
 
The Ukraine-Russia gas dispute in early 2009 was recorded as the largest natural gas supply crisis seen in Europe. The accelerating trend of integrated electricity grids can lead to cascading blackouts and affect multiple economies simultaneously, says the IEA. Hence, organizations and establishments are facing the challenge of implementing energy supply as a smooth flow of communication operations, public safety systems, transportation systems, industrial operations, and healthcare. Energy security has become a strategic asset, which can be the foundation for growth for the most powerful economies in the world such as U.S. On the other hand, developing economies are more focused on the optimum utilization of available resources to sustain their economies firmly on the track of growth.
 
Most planned attacks on well-established energy sites are highly complex in nature. Therefore, to curb these complex attacks efficiently refined tools and tactics are required. Cyber and network security-related threats continue to be a major concern for government energy establishments. Thus, government establishments need to keep up-to-date with the regulatory and compliance environment to the ever-changing intricate security threats.
 
The global energy security market experiences threats which can be acts of terror, natural disasters, cyber threats, or combination of these threats. The technologies employed by the energy security industry include: Video and CCTV surveillance, microwave intrusion detection, biometric and card readers, RFID tracking and personal tracking, transport security, alarm systems, and fire detection and warning systems. To combat complex energy security threats such as physical attacks, insider threat, cyber threats, and other threats, a single integrated solution is the need of the hour. Such a solution would sync physical security with network security to build a comprehensive solution.
 
Companies mentioned in the research report 
 
The key corporations in the energy security market profiled in this report are Symantec Corporation, HCL, Tofino Security, Anixter, Acorn Energy Inc., McAfee, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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