Global Smart Grid Cyber Security Market to grow at a CAGR of 9.79% during 2016-2020 - Rising Cyber attacks and Growing Digital PAyments are Key Growth Factor

Albany, NY, April 11, 2017: Smart grid cyber security involves protection against serious cyber threats that affect the users of smart grid technology globally. Security of the smart grid network has been an area of concern for the power utility sector, given the frequent exchange of sensitive information that takes place via communication networks such as the internet, intranets, corporate networks, and extranets. The power utility sector needs various controlling techniques to moderate the adverse effects of unauthorized access of smart grid data. For instance, hackers could assume control of smart grid applications and servers and access confidential information. Hence, the smart grids require security measures that not only administer these systems and equipment efficiently but also ensure a secure exchange of information between these systems.

The global smart grid cyber security market to grow at a CAGR of 9.79% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global smart grid cyber security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand generated by different end users in any region in the smart grid cyber security market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Smart Grid Cyber Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BAE Systems
- IBM
- IOActive
- Lockheed Martin

Other prominent vendors
- AlertEnterprise
- AlienVault
- Black and Veatch
- Cisco
- McAfee-Intel
- Elster
- Entergy Services
- HP
- N-Dimension Solutions
- Siemens
- Sophos
- Sourcefire
- Symantec
- ViaSat

Market driver
- High cost implications of security breaches
- For a full, detailed list, view our report

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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Browse more report details at: http://www.researchmoz.us/global-smart-grid-cyber-security-market-2016-2020-report.html

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