Smart Grid Cyber Security Market : Industry Analysis & Outlook 2017 - 2025Market: Snapshot
Smart grids, considered next-generation power system, combine sophisticated computing and communication technologies to better efficiency and reliability of power systems. Emergence of renewable energy in response to rising demand for electricity, has particularly stoked their uptake. On account of their salient features which consists of millions of interconnected electronic devices across power facilities heavily reliant on communication networks, cyber security emerges to be a critical issue for smart grids.
This has spawned the market for smart grid cybersecurity, which tackles both deliberate attacks from terrorists, business enemies, and disgruntled employees and inadvertent ones resulting from equipment failures, errors by users, and natural disasters. The primary benefit of smart grid security is its ability to counter any contingency brought about by power failure of any crucial component of the power system by facilitating a reliable and stable power system. A challenge facing the market currently is the lack of standard reference architecture for the smart grid and the dearth of release mechanisms.
From a geographical standpoint, North America and Europe generate maximum demand in the global market for smart grids cybersecurity. On account of a slew of guidelines and policies pertaining to data security and privacy in countries of Germany, the Netherlands, and the U.K., the market in Europe is slated to see good growth in the upcoming years. Asia Pacific, powered by China, will also likely emerge as a key market in the next couple of years.
Request Sample Copy of the Report@ www.tmrresearch.com/sample/sample?flag=B&rep_id=392
Siemens AG, VeriSign, Lockheed Martin Corp., ViaSat Inc., Industrial Defender Inc., IOActive Inc., and IBM Corp are some of the main providers of smart grid cybersecurity.
Global Smart Grid Cyber Security Market: Inclusive Insight
Cyber security comprises checking damage, illegal usage, and misuse of communication systems, electronic information, and the information contained therein to ensure availability, integrity and confidentiality. It also includes restoration of electronic information and communication systems in case of natural disaster or deliberate attack. The components within smart grid that are prone to cyber-attacks include operational technologies, IT systems, and end access points. The operational technologies which are exposed to cyber threats are power line communication devices, supervisory control, intelligent electronic devices, and data acquisition (SCADA) and energy management systems.
This industry research report is a brief review of the growth trail in terms of existing, past, and future scenarios of the global smart grid cyber security market. It deals with the evaluation of the aspects that are expected to influence the development of the market and the primary trends have also been specified in the research study. The research study also offers a broad lookout on the vendor landscape of the market through Porter’s five forces analysis. The research report offers references of the research and development activities, mergers and acquisitions, and specifics on licensing and collaborations. The report probes into the strategies related to publicity, shares, and product range of the key participants in the global smart grid cyber security market.
Request TOC of the Report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=392
Global Smart Grid Cyber Security Market: Drivers and Inhibitors
The growing demand for power along with growing global mandate for smart grid technologies is expected to bolster the progress of the global smart grid cyber security market. A smart grid provides a network of electricity for consumers and suppliers to regulate the demand for energy and flow of information through the high-end devices. The communication layer is the backbone of the smart grid and is susceptible to cyber-attacks. The smart grid is envisioned to decrease the vulnerability of the electricity systems and improve emergency response. Smart grid security is an important parameter to maintain reliable and stable power system during the contingency situation due to power failure of any critical power system component.
The chief driver of growth of the global smart grid cyber security market is the increasing occurrence of cyber threats owing to rising interconnection and integration. Furthermore, the new two way communication systems and growing risk to operations are expected to boost the demand for smart grid cyber security technologies globally. Nevertheless, the dearth of standard reference architecture for the smart grid and the lack of release mechanisms is expected to hamper the growth of the market.
Get Discount @ www.tmrresearch.com/sample/sample?flag=D&rep_id=392
Global Smart Grid Cyber Security Market: Regional Outlook
Currently, North America and Europe account for the peak demand of cyber security. In European nations such as the UK, German and the Netherlands, there are several of guidelines and policies for data security and privacy. The market for smart grid cyber security in Europe is estimated to rise progressively in the near future. In Asia Pacific, China is expected to drive the growth of the smart grid cyber security market mostly driven by methods to reinforce the smart grid systems.
Global Smart Grid Cyber Security Market: Competitive Landscape
The key market players operating in the market are VeriSign, ViaSat Inc., Siemens AG, Industrial Defender Inc., Lockheed Martin Corp., IOActive Inc., IBM Corp, and BAE Systems PLC among others.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
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 Cyber Security Market : Industry Analysis & Outlook 2017 - 2025 here
News-ID: 830706 • Views: 238
More Releases from TMR Research
Non-volatile Memory Market Competitive Landscape Analysis with Forecast by 2025 …
Global Non-volatile Memory Market: Overview Non-Volatile memory or NVM is a different kind of computer memory that has been programmed to recover stored data and information even after being switched off and back on. A few examples of non-volatile memory are punched cards, paper tape, optical discs, magnetic tape, floppy discs, hard disk drives, ferroelectric RAM,
Power Electronics Market 2017-2025 | Infineon Technologies AG, NXP Semiconductor …
Global Power Electronics Market: Overview Power electronics are solid state circuitry devices that convert and control electric power from the source to load. These devices ensure effective delivery of power, providing high security, reliability, and flexibility to the power system. They improve switching speed and also enable power management to prevent power loss. The materials commonly used for these devices are silicon, gallium nitride, silicon carbide, and sapphire. Some of
Service Robotics Market - Industry Current Trends, Opportunities & Challenges | …
Global Service Robotics Market: Overview Service robots efficiently and tirelessly perform common human tasks that are otherwise considered repetitive, dull, and time-consuming, such as everyday household jobs. There can be two major types of service robots – personal service robots who undertake non-commercial jobs such as domestic service, personal mobility assistance, and pet exercising, and professional service robots who perform commercial and delicate tasks such as surgery in hospitals, defense
Solid-State and Other Energy-Efficient Lighting Market Current Trends and Future …
Global Solid-state and Other Energy-efficient Lighting Market: Overview Solid-state and other energy-efficient lighting forms have allowed the world to solve the expanding crisis of high energy consumption at the cost of depleting fossil fuels and excessive pollution, states TMR Research. The demand for energy-efficient lighting solutions is projected to skyrocket in the coming years as various end users are moving toward creating greener products. The growing initiatives to replace incandescent lighting
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