20 According to IMARC Group’s latest report, titled “Smart Grid Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global smart grid security market reached a value of US$ 6.3 Billion in 2020. Smart grid security includes solutions and services that are used to secure smart power grids, communications, and information technology (IT) systems. They ensure efficient, cost-effective, and clean distribution of energy throughout the grid. Smart grid security comprises of advanced components and control methods, with integrated communication systems and improved interfaces for measurement and sensing. It utilizes several technological solutions, such as antivirus, antimalware, firewalls, identity, and access management (IAM), encryption, intrusion detection, and data loss prevention (DLP) systems. Various subsystems, including Industrial Control System (ICS), advanced metering infrastructure, and home energy management systems, also help in ensuring efficient smart grid security.