Smart Grid Security Market: Technological Growth Map Over Time To Understand The Industry Growth Rate
At present, the global smart grid security market is fragmented and is characterized by the presence of numerous diversified local, regional, and international vendors who offer various services to the power utilities. However, in many countries, the market is dominated only by the local or regional vendors. This in turn, will predictably heat up competition in the market in upcoming years.
Sample With Latest Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23300
A report by Transparency Market Research predicts the global smart grid security market to progress at a healthy CAGR of 10.5% during the period between 2017 and 2025 to become worth US$10.58 bn by 2025 from US$4.35 bn in 2016.
Digitization of Grid Systems Drives North America Market
Depending upon the type of security, the global market for smart grid security can be segregated into application security, database security, network security, and endpoint security. Network security of smart grid security, of them, accounts for maximum share in the market and going forward too is expected to see impressive growth. Network security comprises of the approaches and practices received to monitor and prevent unauthorized access, modification, misuse or denial of a network accessible resources and computer network.
Browse Our Press Releases For More Information @ https://www.transparencymarketresearch.com/pressrelease/smart-grid-security-market.htm
Geography-wise, the key segments of the global smart grid security market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. At present, North America accounts for maximum share in the market and going forward too is slated to expand at a healthy clip. In 2016, the North America market accounted for a share of 38.7%. The infrastructure in the region is gradually shifting toward digitalization of grid systems, especially for commercial usage, which is anticipated to propel the market for smart grid security over the forecast period. The U.S., in North America, holds maximum market share.
Efforts to Modernize Smart Grids Catalyze Market Growth
One of the major drivers of the global smart grid security market is obviously the thrust on modernizing the power grids, worldwide on account of the swift pace of urbanization and the resultant demand for more power. Smart grid systems benefit consumers, grid operators, and suppliers by improving control over electricity consumption and distribution. However, smart grids are highly susceptible to more and more sophisticated cyber-attacks. This has spawned the demand for smart grid security. Explains the lead analyst of the report, “The smart grid security market is expanding at a rapid pace because of the rising security needs resulting from the uptake of modern technologies such as the Internet of Things (IoT), along with digitalization of the energy sector and increased adoption of the web and cloud-based business applications.”
View Report @ https://www.transparencymarketresearch.com/smart-grid-security-market.html
One of the major challenges facing the global smart grid security market, on the other hand, is the protracted investment cycles in the energy sector that makes technology assessment challenging and results in a time lag between implemented and up-to-date solutions.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Grid Security Market: Technological Growth Map Over Time To Understand The Industry Growth Rate here
News-ID: 824856 • Views: 178
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for Smart
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency