Global Utility Infrastructure Security Market 2015-2019 - Physical Security and Cybersecurity for the Oil and Gas and Electricity Industries

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Apr 02, 2015, 08:03 ET

DUBLIN, Mar. 31, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/dtd63l/global_utility) has announced the addition of the "Global Utility Infrastructure Security Market 2015-2019" report to their offering.

The analysts forecast the Global Utility Infrastructure Security market to grow at a CAGR of 4.53% over the period 2014-2019.

Utility infrastructure constitutes a major part of critical infrastructure. The number of critical infrastructures worldwide would see a marked increase during the forecast period. These include oil and gas manufacturing sites, water distribution and sanitation sites, nuclear facilities, and energy maintenance sites. These infrastructures are considered high-value construction projects and, therefore, security has gained paramount importance among various countries because of a considerable increase in cyber-attacks over the years. Increased online criminal activity has forced various countries to impose strict regulations to secure their critical infrastructures.

Physical security involves securing an organization's data, hardware, network, and programs from external threats; it helps organizations preserve their brand value and protects them from external threats such as burglary, data theft, and terrorism. Government organizations and enterprises worldwide are increasingly adopting a variety of hardware devices and software to ensure physical security of their business-critical data. This stems from increased criminal activity in recent years.

Cyber security focuses on protecting an organization's network from hackers and other network intruders. It has gained increased traction among government institutions and enterprises, which involve transmission of huge volumes of confidential data; these data could be the financial data of an organization.

To calculate the market size, the report considers the revenue generated from the sale of the following applications: