Smart grid governance, risk management, and compliance (GRC) is a niche market of what is already a specialized market, smart grid cyber security. GRC includes the key applications of asset identification, risk assessment, architecture, policies, change management, configuration management, legislative and regulatory compliance, and audit support.

GRC is critically important – the foundation upon which all cyber security is deployed. Without policies and architecture, there is no basis to do anything in a cyber security program. Without GRC, there is no security program at all. But despite its importance, GRC for smart grids is not a well-served market. Pike Research does not believe that any vendor in this market deserves to be called a Leader. None combines the necessary innovation, scale, and smart grid focus to lead the market. GRC studies as a cross-industry offering might reach other conclusions when industries such as banking and health care are considered, but this report considers only Smart Grid GRC.
This Pike Research report evaluates 14 of the leading cyber security governance, risk management, and compliance vendors in the smart grid market and rates them on 12 criteria for strategy and execution, including vision, go-to-market strategy, partners, product strategy and roadmap, technical innovation, geographic reach, market share, sales and marketing, product performance and features, product portfolio, control system focus, and staying power. Using Pike Research’s proprietary Pike Pulse methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective of these companies’ relative strengths and weakness in the emerging GRC marketplace.
Top 10 Vendors:
1. McAfee / Nitro
2. Industrial Defender
3. RSA
4. BWise
5. IBM
6. Agiliance
7. Wurldtech
8. Cisco
9. Oracle
10. SUBNET
Key Questions Addressed:
- Which smart grid GRC vendors are best placed to survive and succeed?
- Which vendors are the true GRC innovators?
- Which vendors are truly focused on smart grid issues and not just writing marketing copy?
- Which GRC vendors are the strongest financially?
- How do the general-purpose players stack up against the specialists?
Who needs this report?
Table of Contents
1. Executive Summary
1.1 Introduction
1.2 Vendor Rankings
1.3 The Pike Pulse Grid
2. Market Overview
2.1 Smart Grid GRC Overview
2.2 Smart Grid GRC Scope
2.3 Smart Grid GRC Market Trends
3. The Pike Pulse
3.1 Pike Pulse Grid
3.2 Company Rankings
3.2.1 Contenders
3.2.1.1 McAfee/NitroSecurity
3.2.1.2 Industrial Defender
3.2.1.3 RSA
3.2.1.4 BWise
3.2.1.5 IBM
3.2.1.6 Agiliance
3.2.1.7 Wurldtech
3.2.1.8 Cisco
3.2.1.9 Oracle
3.2.1.10 SUBNET Solutions
3.2.1.11 SAP
3.2.1.12 AlienVault
3.2.2 Challengers
3.2.2.1 Symantec
3.2.2.2 AlertEnterprise
4. Vendor Profiles
4.1 Leaders
4.2 Contenders
4.2.1 McAfee/NitroSecurity
4.2.2 Industrial Defender
4.2.3 RSA
4.2.4 BWise
4.2.5 IBM
4.2.6 Agiliance
4.2.7 Wurldtech
4.2.8 Cisco
4.2.9 Oracle
4.2.10 SUBNET Solutions
4.2.11 SAP
4.2.12 AlienVault
4.3 Challengers
4.3.1 Symantec
4.3.2 AlertEnterprise
4.4 Followers
5. Company Directory
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Figures
9. Methodology
9.1 Scope of Study
9.2 Sources and Methodology
9.2.1 Vendor Selection
9.2.2 Ratings Scale
9.2.2.1 Score Calculations
9.2.3 Criteria Definitions
9.2.3.1 Strategy
9.2.3.2 Execution
List of Charts and Figures
- The Pike Pulse Grid: Smart Grid Cyber Security Governance, Risk Management, and Compliance
- Cumulative Smart Grid Cyber Security Revenue by IT or ICS, World Markets: 2011-2018
- Cumulative Smart Grid Cyber Security Revenue by Region, World Markets: 2011-2018
- The Pike Pulse Grid: Smart Grid Cyber Security Governance, Risk Management, and Compliance
- McAfee / Nitro Strategy & Execution Scores
- Industrial Defender Strategy & Execution Scores
- RSA Strategy & Execution Scores
- BWise Strategy & Execution Scores
- IBM Strategy & Execution Scores
- Agiliance Strategy & Execution Scores
- Wurldtech Strategy & Execution Scores
- Cisco Strategy & Execution Scores
- Oracle Strategy & Execution Scores
- SUBNET Strategy & Execution Scores
- SAP Strategy & Execution Scores
- AlienVault Strategy & Execution Scores
- Symantec Strategy & Execution Scores
- AlertEnterprise Strategy & Execution Scores
List of Tables
- Vendor Overall Scores
- Cumulative Smart Grid Cyber Security Revenue by IT or ICS, World Markets: 2011-2018
- Cumulative Smart Grid Cyber Security Revenue by Region, World Markets: 2011-2018
- Vendor Scores
- Vendor Scores on Strategy Criteria
- Vendor Scores on Execution Criteria