Energy security is an amalgamation of two major segments which includes physical security and network security. Together these segments provide overall energy security solutions to the power plants and energy resources. Increasing terrorist attacks and rising sophisticated cyber attacks and threat on power plant networks have made it compulsory for the power and energy producing companies and nations to implement highly sophisticated security solutions. Most of the nations have also made strict regulations and compliances for the securing the power plants and energy infrastructures. Energy security helps in providing network as well as physical security solutions which are compliant, to secure the power plants from vulnerabilities. This helps in operating the plant without any restrictions and hindrances.

The major factors driving this market are the increased government pressure, regulations and compliances for securing the power plants and facilities. Increased terrorist attacks and rise in sophisticated cyber attacks have also made it compulsory for the companies to implement energy security solutions for safeguarding the facilities. Typically power plants are implementing the security solutions in silos due to lack of a comprehensive security solutions towards energy security. This issue has also given a push to the security companies to provide a complete energy security solution to the power plants. The energy security solutions providers are looking forward towards gaining a strategic advantage of this global situation, thereby creating comprehensive security solution which could be used by power plants and energy resources.

MarketsandMarkets estimates the global energy security market to be $49.27 billion in 2013 and is expected to grow to $67.90 billion in 2018. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) and Europe are expected to experience increased market traction, in due course.

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