Smart Grid Security Market Research Report – Global Forecast till 2023
Smart Grid Security Market Research Report
– Global Forecast till 2023
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Copyright © 2017 Market Research Future.
Smart Grid Security Market Research Report – Global Forecast till 2023
Market synopsis Global smart grid security market is expected to grow from USD 405.37 million in 2017 to USD 747.07 million by 2023, at a CAGR of 10.73% during the forecast period. Smart grid is the integration of traditional power grid with the information technologies such as cloud computing, IoT, connected utilities, smart utilizes among others. This integration has resulted in benefits such as improved availability & distribution of the power across region. Furthermore, it helps achieve an efficient, economical, and clean power distribution. The key drivers for the smart grid security market are increasingly investments to shift country utility infrastructure to smart grid, increased sophistication of cyber-attacks, and growing need to comply with energy generation and consumption regulations and standards. Furthermore, the rise in adoption of Internet of Things (IoT) and digitization in energy sector that has led to increased deployment of web & cloud-based business applications has resulted in the demand for smart grid security solutions. Request Free Sample @ https://www.marketresearchfuture.com/sample_request/7168 Smart grid security market, by security type, is segmented into endpoint, network, application, and database. The application security is expected to register the highest CAGR during the forecast period owing to the growing application of IoT and adoption of connected devices in the utility sector. Whereas, network security holds the largest market share in the smart grid security market owing to the increased sophistication of cyber-attacks occurring in the utility sector. The key players operating in the smart grid security market are BAE Systems PLC (U.K.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Intel Corporation (Intel Security) (U.S.), Siemens AG (Germany), Symantec Corporation (U.S.), N-Dimension Solutions (Canada), Elster Solutions (U.S.), Alert Enterprise (U.S.), Leidos (U.S.), Symantec Corporations (US), Lockheed Martin Corporation (US) and McAfee LLC (US). These players are largely investing in organic growth strategies such as new product development and existing product enhancements to strengthen their position in the global smart grid market.
Segmentation Smart grid security market is segmented based on deployment, security type, application and region. By deployment, the market is bifurcated into on-premise and cloud. Based on the security type, the market is segmented into endpoint, network, application, and database. Based on application, the market is segmented into consumption, generation, and distribution & control. By region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.
Regional analysis The global Smart Grid Security Market is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of smart grid security market is done for North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to dominate the smart grid security market from 2018 to 2023 owing to the presence of advanced utility infrastructure, high concentration of market players in the region, and availability of proficient cybersecurity expertise. However, Asia-Pacific is estimated to grow at the highest CAGR during the forecast period owing to shift of traditional grid structure to smart grid by many countries in the region.
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Copyright Š 2017 Market Research Future.
Smart Grid Security Market Research Report – Global Forecast till 2023
Competitive Analysis The growth in cyber-attacks on the critical infrastructure in utility organizations boost the demand for smart grid security solutions. Players with global as well as regional presence mark strong presence in the smart grid security market. The other stakeholders of the market are security service providers, utility companies, state government, cloud service provider, resellers, and technology providers. In 2017, the US Defense Advanced Research Projects Agency (DARPA) awarded BAE Systems with a USD 8.6 million contract to develop a technology that can facilitate faster restoration of power to the US electric grid in case of failure caused by a cyber-attack.
Key players The prominent players in the smart grid security market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are BAE Systems PLC (U.K.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Intel Corporation (Intel Security) (U.S.), Siemens AG (Germany), Symantec Corporation (U.S.), N-Dimension Solutions (Canada), Elster Solutions (U.S.), Alert Enterprise (U.S.), Leidos (U.S.), Symantec Corporations (US), Lockheed Martin Corporation (US) and McAfee LLC (US).
Check Discount @ https://www.marketresearchfuture.com/check-discount/7168 Intended Audience • • • • • • • • • •
National/state governments Municipal authorities Utility companies IT solution providers Smart grid security companies Cloud service providers System integrators Information security consulting firms Networking solution providers IT security agencies
TABLE OF CONTENTS 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Research Objectives 2.3 Markets Structure
3 Market Research Methodology 3.1 Research Process 3.2 Secondary Research 3.3 Primary Research 3.4 Forecast Model 3.5 Assumptions & Limitations
4 Market Landscape Continued…… LIST OF TABLES Table 1 Global Smart Grid Security Market, By Region, 2018–2023 Table 2 North America: Smart Grid Security Market, By Country, 2018–2023 Table 3 Europe: Smart Grid Security Market, By Country, 2018–2023
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Copyright © 2017 Market Research Future.
Smart Grid Security Market Research Report – Global Forecast till 2023
Table 4 Asia-Pacific: Smart Grid Security Market, By Country, 2018–2023 Table 5 Middle East & Africa: Smart Grid Security Market, By Country, 2018–2023 Continued…… Get More Information @ https://www.marketresearchfuture.com/press-release/smart-grid-security-market
LIST OF FIGURES FIGURE 1 Global Smart Grid Security Market Segmentation FIGURE 2 Forecast Methodology FIGURE 3 Porter’s Five Forces Analysis Of Global Smart Grid Security Market FIGURE 4 Value Chain Of Global Smart Grid Security Market FIGURE 5 Share Of Global Smart Grid Security Market In 2017, By Country (In %) Continued…….
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Copyright © 2017 Market Research Future.
Smart Grid Security Market Research Report – Global Forecast till 2023
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Copyright Š 2017 Market Research Future.