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(Wireless-NewsWire.Com, October 10, 2018 ) Global Smart Grid Security Market Analysis
According to Verified Market Intelligence, The Global Smart Grid Security Market was valued at USD 5.15 Billion in 2017 and is projected to reach USD 10.75 Billion by 2025, growing at a CAGR of 11.2% from 2018 to 2025.
What is Smart Grid Security?
A smart grid is defined as an electrical grid that comprises of several energy as well as operational processes such as renewable and energy efficient resources. As the smart grid functions with the aid of the internet, it can be vulnerable to specific cyber-attacks. Regardless of this, there are several advantages to the implementation of smart grid technologies, such as the increased data resilience, enhanced network stability as well as the formation of network compliance.
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Global Smart Grid Security Market Outlook
The growing number of cyber-attacks has caused a need for integration of cyber security solutions such as smart grid IT. The evolution of systems such as smart grids have aided in the assurance of cyber safety for businesses that would otherwise remain vulnerable. This factor has led to the growth of the smart grid security market whereas factors like less awareness when it comes to security when it comes to smart grid stakeholders, as well as the necessity to maintain the cyber security standards, are restraining the growth of the smart security market.
Global Smart Grid Security Market Competitive Landscape
The “Global Smart Grid Security Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Siemens AG, Leidos, BAE Systems PLC, Elster Solutions, Intel Security, N-Dimension Solutions, Inc., IBM Corporation, Cisco Systems, Inc., Symantec Corporation, Alertenterprise. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Global Smart Grid Security Market, By Security Type
Application security
Endpoint security
Database security
Network security
Global Smart Grid Security Market, By Component
Solution
Encryption
Antivirus and antimalware
Identity and Access Management (IAM)
Firewall
Others
Service
Consulting services
Training and education
Managed Service
Professional Service
Support and maintenance
Global Smart Grid Security Market, By Deployment Model
Cloud-based
On-premise
Global Smart Grid Security Market, By Subsystem
Demand response
Supervisory Control and Data Acquisition (SCADA)/Industrial Control System (ICS)
Home energy management
Advanced metering infrastructure
Global Smart Grid Security Market Geographic Scope
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World
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Verified Market Research
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