The analysts forecast the global smart grid cyber security market to grow at a CAGR of 9.79% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global smart grid cyber security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand generated by different end users in any region in the smart grid cyber security market.
Many vendors such as Elster, IBM, and eMeter offer cloud-based smart grid solutions. Many organizations have been able to cut costs and centralize their resources because of availing cloud-based services. Consequently, there has been an increase in the number of utilities adopting cloud-based services. Many European-based utilities have been availing cloud-based services from smart grid vendors.
According to the report, one of the key drivers for market growth will be compliance with government and regulatory standards. The power grid is an easy target for adversaries who would seek to cause significant physical, economic, and psychological harm, to a nation. This is because a nation's grid is operated by various regional utilities that are also interconnected through a smart grid, which is essential for maintaining a stable and reliable power system.
Further, the report states that consequent to the overall lack of standardization within the grid network, the gap of interoperability among power systems widened. Smart grids include many systems that are intertwined and connected to the main server. The disparity that this system integration creates between networking systems is wide-ranging and affects the overall functionality of the grid. Utilities are yet to deploy systems that are interoperable.
- BAE Systems
- Lockheed Martin
Other prominent vendors
- Black and Veatch
- Entergy Services
- N-Dimension Solutions
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/bvfldl/global_smart_grid
Related Topics: IT Security, Internet of Things and M2M, Smart Grid
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smart-grid-cyber-security-market-2016-2020---challenges-drivers-and-trends---research-and-markets-300322069.html
SOURCE Research and Markets