Global Smart Grid Cyber Security Market to Grow at a CAGR of 9.7% during 2015
About Smart Grid Cyber Security
Smart grid cyber security involves the protection of smart grid technology from various cyber threats. The security of the smart grid network is a major issue faced by power utilities because there is a frequent exchange of sensitive information via communication networks such as the internet, intranets, corporate networks, and extranets. Power utilities need various controlling techniques to moderate the adverse effects of unauthorized access of smart grid data. Hackers, for instance, can take control of smart grid applications and servers and access confidential information. Therefore, the smart grid requires security measures not only to handle systems and equipment but also to secure the exchange of information between systems.
Many off-the-shelf software and hardware applications are being installed in smart grids. Off-the-shelf applications are evaluated to check their resistance to threats and their ability to process complex data during the course of the product lifecycle.
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Smart grid cyber security involves protection against serious cyber threats affecting the users of smart grid technology globally. The introduction of regulatory standards and guidelines is a major driver of the Global Smart Grid Cyber Security market.
Covered in this Report
The Global Smart Grid Cyber Security market can be classified into five segments based on application: Smart Metering, Substation Automation, Electric Vehicles Management, Distribution Automation, and Transmission Upgrades.
Global Smart Grid Cyber Security Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Smart Grid Cyber Security market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
“Many European-based utilities have been availing cloud-based services from smart grid vendors. Consequent to this growing trend of cloud-based technology adoption, many security firms started providing services to protect the smart grids from cyber attacks,”.
To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.