India Energy Management Systems Market by Offering, Component, Service Type End User and Market Vertical - Opportunity Analysis and Industry Forecast, 2016-2023

Increasing use of Internet-based applications across various sectors, such as education, government, retail, IT & telecommunications, BFSI and others, make them prone to virus and spam attacks. According to McAfee, in 2014, cybercrimes, such as unethical hacking, botnets, distributed denial of services (DDoS), malware, spyware, spams, viruses, and other threats, caused a loss of $400 billion, worldwide. Increasing incidence of security threats is one of the major factors fueling the growth of the Internet security market.

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Global Internet security market report, published by Allied Market Research, forecasts that the global market is expected to garner $46.5 billion by 2021, registering a CAGR of 8.4% during the period 2016-2021. The market is driven by the huge demand for Internet security software solutions due to the increasing number of cyber-attacks and the adoption of cloud-based Internet security systems.

India Energy Management Systems Market Key Segments:

By Offering

•System
•Service

By Component

•Sensor
•Controller
•Software
•Others

By Service

•Monitoring & Control
•Implementation & Integration
•Maintenance
•Consulting & Training

By Type

•Home Energy Management Systems
•Building Energy Management System
•Industrial Energy Management Systems

By End User

•Residential
•Commercial

By Market Vertical

•Power & Energy
•Telecom & IT
•Manufacturing
•Enterprise
•Healthcare
•Others

Based on product & services, the market is segmented into software, hardware, and services. In 2015, the software security solutions segment accounted for around 74.8% of the overall revenue, owing to the widespread adoption of these software solutions among individual & corporate users.

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Based on technology, the report segments the market into authentication, access control technology, content filtering technology, and cryptography (encryption) technology. Authentication technology segment dominated the market in 2015, accounting for more than 40% market share.

Based on applications, the market is segmented into BFSI, retail, IT & telecommunications, government, manufacturing, education, aerospace, defense & intelligence, and others. In 2015, BFSI was the highest revenue-generating segment in terms of revenue. The education sector is expected to grow rapidly, registering a CAGR of 14.3% during the forecast period.

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Key findings of Internet Security Market:

•Among the key application sectors, Education is expected to exhibit highest growth over the forecast period
•The Asia-Pacific region is forecast to be the most lucrative market, both in terms of size and growth
•Internet security services would witness the fastest growth over the forecast period

Favorable regulations & policies along with proactive e-commerce & e-governance initiatives have fostered the growth of theInternet security market. Market players have adopted product launch, partnership, and acquisitions as their key strategies to improve their market foothold and enhance their product portfolio. The prominent companies profiled in this report include Symantec Corporation, Intel Corporation, Hewlett Packard (HP) Company, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Kaspersky Labs, and Dell Inc.

Key Market Players
•Atandra Energy Private Limited
•Computer Maintenance and Services Company
•DELTA ELECTRONICS, INC.
•DEXMA Energy Management
•Elconn Energy (India) Pvt. Ltd.
•Energy Management Solution of India (EMIS)
•Graphite Technologies Pvt. Ltd
•Neptune Nikom InfraSolutions Pvt. Ltd.
•Yokogawa India Ltd.

The fast-growing economy as well as rapid urbanization is expected to drive the demand for effective power distribution and transmission across the country. Subsequently, driving the market growth of energy management systems in the country.

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