Global
Smart Grid Security Market is accounted for USD 4.89 billion in 2017 and is
projected to grow at a CAGR of 11.2% the forecast period of 2018 to 2025. The
upcoming market report contains data for historic years 2016, the base year of
calculation is 2017 and the forecast period is 2018 to 2025.
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Global Smart
Grid Security Market By Solution (Antivirus and antimalware, Firewall and
others), By Service (professional services and managed services), By Deployment
Mode (Cloud and On-Premises), By Subsystem (Advanced metering infrastructure
and others), By Security Type (Endpoint security, Network security and others)
and By Geographical Segments- Industry Trends and Forecast to 2025
Key Players: Global Smart Grid Security Market
Intel
Corporation, Siemens AG, Symantec Corporation, IBM Corporation, Cisco Systems,
Inc, Leidos Holdings, Inc., Honeywell International Inc., BAE Systems Plc.,
N-Dimension Solutions Inc.,
AlertEnterprise Inc., International Business Machines, IOActive, Lockheed
Martin, Intel Corporation, Symantec Corporation, Sophos, Sourcefire, Sentryo,
Eaton, ABB Group, Enphase Energy, LandisGyr, S&C Electric, Stem, Sunverge,
Tendril, Innominate, AlienVault, Byres Security and CyberX.
Competitive Analysis: Global Smart Grid Security
Market
The smart grid
security market is fragmented and the major players have used various
strategies such as new product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints in
this market in order to sustain in long run. The report includes market shares
of smart grid security market for global, Europe, North America, Asia Pacific
and South America.
Market
Segmentation: Global Smart Grid Security Market
The global smart grid security market is
based on solution, service, deployment mode, subsystem, security type, and
geographical segments.
Based on the Solution, the global smart
grid security market is segmented into antivirus and antimalware, firewall,
identity and access management (IAM), encryption, security and vulnerability
management, intrusion detection system/intrusion prevention system (IDS/IPS),
distributed denial of service (DDoS), others (Data Loss Prevention (DLP),
incident response, fraud detection, and security information and event
management (SIEM).
Based on the Service, the global smart grid
security market is segmented into professional services and managed services. The
professional services are further sub segmented into consulting, education and
training and support & maintenance.
Based on the deployment mode, the global
smart grid security market is segmented into cloud and on-premises.
Based on the subsystem, the global smart
grid security market is segmented into supervisory control and data acquisition
(SCADA)/Industrial Control System (ICS), advanced metering infrastructure,
demand response, and home energy management.
Based on the security type, the global smart
grid security market is segmented into endpoint security, network security,
application security and database security.
Based on geography, the global smart grid
security market report covers data points for 28 countries across multiple
geographies such as North America, South America, Europe, Asia-Pacific and
Middle East & Africa. Some of the major countries covered in this report
are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey,
Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia,
South Africa, and Brazil among others.
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Market Definition: Global Smart Grid Security Market
Smart grids are
the incorporation of conventional power network and data and correspondence
advancements. The combination enables the buyers and electrical utility
suppliers and enhances accessibility and productivity of the power frameworks.
Brilliant framework security advertise keeps on developing with innovation and
to accomplish productive, dependable, sparing and clean vitality conveyance,
smart grids make utilization of various advances, for example, propelled
segments, coordinated correspondence, propelled control techniques, enhanced
choice help and interfaces and estimation and detecting. These innovative
changes rely upon examination of gigantic measures of information and new
interconnectivity levels, which is relied upon to additionally advertise
development. Consequently, the brilliant matrix security showcase is relied
upon to give arrangements that assistance secure the system framework, information
and the gadgets associated in the lattice.
The IP measures
use in smart grids give an immense preferred standpoint of similarity between
various framework segments. In any case, IP utilize makes the gadgets naturally
helpless against numerous system assaults, for example, tear drop, foreswearing
of administrations and IP caricaturing. Hence, expanding utilization of IP for
associated gadgets is anticipated to move brilliant network security showcase
request. This market research and analysis identifies that the adoption of
cloud-based applications will be one of the major trends that will gain
traction in this market in the coming years. Cloud-based smart grid
applications offer organizations several features to reduce operational costs
and also to centralize their resources. However, cloud-based applications are
hosted on the Web, which makes these applications more vulnerable to
cyber-attacks. As a result, several security firms will start offering security
solutions to protect cloud-based applications from cyber-attacks.
Market Drivers and Restraints:
The rise in
demand and current progressions in innovations of energy frameworks are two
essential variables anticipated that would drive development of the smart grid
security market.
Adoption of
cloud-based advances is likewise anticipated that would fuel development of the
worldwide market in coming years.
Smart Grids
exceptionally defenseless against cyber-attacks, in this manner generating a
security showcase which is intended to rampart them.
The long
investment cycles in the energy sector that makes innovation assessment
troublesome and prompts a period of time lag amongst actualized and upcoming
updates.
Read more about the Global Smart Grid
Security Market @ http://databridgemarketresearch.com/reports/global-smart-grid-security-market/
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