Smart Grid Security Market Trends 2018: Industry Key Players are Leidos, Cisco, IBM, Symantec, Siemens, Intel Corporation, Honeywell, BAE Systems, AlertEnterprise, IBM, IOActive, Inc., Lockheed Martin, Sophos, Sourcefire, part of Cisco, Others
This report provides in depth study of “Smart Grid Security Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Smart Grid Security report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
This report studies the global market size of Smart Grid Security in key regions like North America, South America, Europe, Asia-Pacific and Middle East & Africa, focuses on the consumption of Smart Grid Security in these regions.
This research report categorizes the Global Smart Grid Security Market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
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Market Drivers and Restraints:
• The rise in demand and current progressions in innovations of energy frameworks are two essential variables anticipated that would drive development of the smart grid security market.
• Adoption of cloud-based advances is likewise anticipated that would fuel development of the worldwide market in coming years.
• Smart Grids exceptionally defenseless against cyber-attacks, in this manner generating a security showcase which is intended to rampart them.
• The long investment cycles in the energy sector that makes innovation assessment troublesome and prompts a period of time lag amongst actualized and upcoming updates.
Key Players Included:
• Intel Corporation,
• Siemens AG,
• Symantec Corporation,
• IBM Corporation,
• Cisco Systems, Inc,
• Leidos Holdings, Inc.,
• Honeywell International Inc.,
• BAE Systems Plc.,
• N-Dimension Solutions Inc.,
• AlertEnterprise Inc.,
• International Business Machines,
• Lockheed Martin,
• Symantec Corporation,
• ABB Group,
• Enphase Energy,
• S&C Electric,
• Byres Security,
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Global Segmentation of Smart Grid Security Market:
Based on the Solution:
• Antivirus and Antimalware
• Identity and Access Management (IAM)
• Security and Vulnerability Management
• Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
• Distributed Denial of Service (Ddos)
• Others (Data Loss Prevention (DLP), Incident Response, Fraud Detection, and Security Information and Event Management (SIEM).
Based on the Service:
• Professional Services
• Managed Services
Based on the deployment mode:
Based on the subsystem:
• Supervisory Control and Data Acquisition (SCADA)/Industrial Control System (ICS)
• Advanced Metering Infrastructure
• Demand Response
• Home Energy Management
Based on the security type:
• Endpoint Security
• Network Security
• Application Security
• Database Security
Based on geography:
• North America
• South America
• Middle East & Africa
Market Analysis: Global Smart Grid Security Market
The Global Smart Grid Security Market is accounted for USD 4.89 billion in 2017 and is projected to grow at a CAGR of 11.2% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Smart grids are the incorporation of conventional power network and data and correspondence advancements. The combination enables the buyers and electrical utility suppliers and enhances accessibility and productivity of the power frameworks. Brilliant framework security advertise keeps on developing with innovation and to accomplish productive, dependable, sparing and clean vitality conveyance, smart grids make utilization of various advances, for example, propelled segments, coordinated correspondence, propelled control techniques, enhanced choice help and interfaces and estimation and detecting. These innovative changes rely upon examination of gigantic measures of information and new interconnectivity levels, which is relied upon to additionally advertise development. Consequently, the brilliant matrix security showcase is relied upon to give arrangements that assistance secure the system framework, information and the gadgets associated in the lattice.
The IP measures use in smart grids give an immense preferred standpoint of similarity between various framework segments. In any case, IP utilize makes the gadgets naturally helpless against numerous system assaults, for example, tear drop, foreswearing of administrations and IP caricaturing. Hence, expanding utilization of IP for associated gadgets is anticipated to move brilliant network security showcase request. This market research and analysis identifies that the adoption of cloud-based applications will be one of the major trends that will gain traction in this market in the coming years. Cloud-based smart grid applications offer organizations several features to reduce operational costs and also to centralize their resources. However, cloud-based applications are hosted on the Web, which makes these applications more vulnerable to cyber-attacks. As a result, several security firms will start offering security solutions to protect cloud-based applications from cyber-attacks.
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