Global Smart Grid Cyber Security Market Report

News provided by

Research and Markets

Apr 16, 2014, 10:54 ET

DUBLIN, Apr. 16, 2014 /PRNewswire/ --

Research and Markets

(

http://www.researchandmarkets.com/research/2vvgdh/global_smart_grid

) has announced the addition of the

"Global Smart Grid Cyber Security Market Report"

report to their offering.

(Logo: http://photos.prnewswire.com/prnh/20130307/600769)

The analysts forecast the Global Smart Grid Cyber Security market to grow at a CAGR of 29.43 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the occurrence of cyber threats which in turn is forcing the implementation of strong security measures. The Global Smart Grid Cyber Security Systems market has also been witnessing an increase in the adoption of cloud based smart grid solutions. However, the high installation costs could pose a challenge to the growth of this market.

The report, the Global Smart Grid Cyber Security Systems Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Smart Grid Cyber Security Systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The key vendors dominating this market space are BAE Systems PLC, IBM Corp., Industrial Defender Inc., IOActive Inc., Lockheed Martin Corp., Siemens AG, VeriSign Inc., and ViaSat Inc.

The Global Smart Grid market has been witnessing new vulnerabilities over the years. Approximately 4,396 new vulnerabilities were detected during 2010, which may increase in the coming years. The different components within smart grids, which are prone to virus attacks are IT systems such as computers, servers, databases, and web services; communications networks such as Ethernet, Wi-Fi, and ZigBee; operational technologies such as supervisory control and data acquisition, power line communications, energy management systems, and intelligent electronic devices; end access points such as smart meters, smartphones, and other mobile devices; and human influences such as lack of training and misuse of universal serial bus drives. Due to the increase in the complexity of the smart grid networks it has increased the threat of cyber-attacks, which is in turn driving the growth of the market.

According to the report, one of the major drivers is the increase in occurrence of

cyber threats

. The increase in adoption of smart grids, which facilitate two-way communications through various communication networking, increases the threat of cyber-attacks. As this hampers the security of sensitive and personal data of the smart grid customers, the demand for smart grid cyber security systems has increased. This in turn boosts the growth of the Global Smart Grid Cyber Security market.

Key Topics Covered:

01. Executive Summary

02. Scope of the Report

03. Market Research Methodology

04. List of Abbreviations

05. Introduction

06. Market Landscape

07. Geographical Segmentation

08. Buying Criteria

09. Market Growth Drivers

10. Drivers and their Impact

11. Market Challenges

12. Impact of Drivers and Challenges

13. Market Trends

14. Trends and their Impact

15. Vendor Landscape

16. Key Vendor Analysis

17. Other Reports in this Series

Companies Mentioned: