Description
The North American Electric Reliability Corporation (NERC) enforces the continent’s most critical reliability and cybersecurity standards for the bulk power system. As regulatory complexity grows—particularly with the expansion of CIP requirements and the inclusion of inverter-based resources (IBRs)—utilities of all sizes face mounting challenges in meeting evolving compliance obligations.
This research estimates that the total addressable market (TAM) for NERC compliance software and services in North America ranges between $1.3 billion and $1.7 billion annually, with approximately $800 million attributed to software platforms and $500–$900 million allocated to consulting and managed compliance services. The market includes approximately 1,400+ NERC-registered entities[1], each varying in size, infrastructure, and compliance maturity.
[1] The North American Electric Reliability Corporation (NERC) oversees the reliability and security of the bulk power system across North America. As of 2025, NERC’s Compliance Monitoring and Enforcement Program (CMEP) continues to evolve, addressing emerging risks and integrating new technologies to ensure grid reliability.
Source: NERC 2024 CMEP and ORCP Annual Report. https://www.nerc.com/pa/comp/CE/ReportsDL/2024%20CMEP%20and%20ORCP%20Annual%20Report.pdf
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