Smart Grid Security Market Drivers, End User, Key Players and Challenges by 2025

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2. Smart Grid Security Market: Overview  The global market for smart grid security is highly influenced by the rise in the population and the rapid pace of urbanization in emerging economies. The main factor behind this is increasing shift of energy resources companies to smart meters and smart appliances by leveraging Internet of Things (IoT) and cloud, owing to the augmenting pressure on them to meet the ever-increasing energy requirements of the urban population.  The global market for smart grid security is highly influenced by the rise in the population and the rapid pace of urbanization in emerging economies. The main factor behind this is increasing shift of energy resources companies to smart meters and smart appliances by leveraging Internet of Things (IoT) and cloud, owing to the augmenting pressure on them to meet the ever-increasing energy requirements of the urban population.

3. Smart Grid Security Market: Key Trends  Driving growth in the global market for smart grid security is the rising security needs on account of the deployment of modern sophisticated technologies such as the Internet of Things (IoT), web and cloud-based business applications and other information and communication technologies.  These technologies may serve as attack entry points into the network. Besides, a large amount of data collected by smart meters and transferred to a utility company or consumer or service provider can also be breached into by hackers with ulterior motives. Download PDF Brochure

4. Smart Grid Security Market: Regional Outlook  Based on geography, the key regions of the global smart grid security market are Asia Pacific, North America, Europe, the Middle East and Africa, and the Rest of the World. North America, among them accounts for a leading share in the market because of swift pace of technological progress and early adoption of cyber security in the region. In the next couple of years, however, the market in Asia Pacific is slated to gain maximum share by outshining all other regions in terms of growth rate.  This is primarily on account of the advancements in technology and massive opportunities across emerging power industries in developing Asia Pacific countries. Grab Discount

5. Smart Grid Security Market: Key Players  To assess the competition prevailing in the global market for smart grid security, the report profiles vendors such as BAE Systems PLC, IBM Corporation, Cisco Systems, Inc., Intel Corporation (Intel Security), Siemens AG, Symantec Corporation, and Elster Solutions.  Other stakeholders of the smart grid security market include security service providers, cloud service providers, national/state governments, utility companies, and IT service providers, among others. Click For TOC

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