(MENAFN- GetNews) The global Smart Grid Security Market report delivers a comprehensive and systematic framework of the market at a global level that includes all the key aspects related to it. The research report provides an in-depth study of all the leading factors influencing the market on a global and regional level, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends.
Smart grid security market is expected to grow from USD 405.37 million in 2017 to USD 747.07 million by 2023, at a compound annual growth rate (CAGR) of 10.73% during the forecast period. The growing 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 are some of the factors driving the growth of smart grid security market.
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).
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/7168
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.
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.
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. Key players are adopting strategies such as mergers & acquisitions, partnerships & collaborations, and new product launches to increase their shares in the global smart grid security market. XX% of the total company developments were a part of partnership & collaboration whereas, new product launches and product enhancements accounted for XX% of the total strategic developments adopted by the key players in the market.
Access Report Details @ https://www.marketresearchfuture.com/reports/smart-grid-security-market-7168
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/smart-grid-security-market-7168
MENAFN0502201900703268ID1098073919
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.