Voice of the Enterprise Security Customer: Global Energy and Utilities Security Trends

Growth Opportunities Garnered from a Survey of Cybersecurity Decision-Makers

Frost & Sullivan conducted a Voice of Customer survey of 2,448 cybersecurity decision-makers and influencers in organizations with at least 250 employees in 2023 to understand their cybersecurity operations, organizational management, technology investment, threat awareness, and other factors influencing decisions for new cybersecurity investments. The respondents were from seven countries (Australia, Brazil, France, Germany, Japan, the United Kingdom, and the United States) chosen as a representation of global trends.

Specifically for the energy and utilities sector, the focus of this analysis, 146 respondents-primarily director-level or above and part of information technology or cybersecurity teams-provided insights and opinions on topics including cybersecurity budgets, program priorities, common tools and technologies, and persistent challenges.

Research Scope:

• Explore energy and utilities organizations’ cybersecurity posture and operations, showcasing the current state of cybersecurity hygiene in infrastructure, policies, and processes. 
• Depict the size and structure of cybersecurity budgets, projecting financial insights and the distribution of the budget across technologies such as network security, endpoint security, threat intelligence, and additional security systems. 
• Describe cybersecurity solutions used, giving an overview of the tools and technologies employed for safeguarding the digital assets of an organization and touching upon specific solutions and their functions.