Smart Grid Security Market Growth

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November 20, 2013

By Dr. Tyra OldhamLANDsds Sustainable Voice News

The nexus between technology and energy is based a smart grid integration and deployment systems based on reliable security platform.  The costs and risks to threats within the energy grid is a vital issue to solve; therefore, the market has embraced strategic players in this multi-billion dollar market.  The  research reveals the “GLOBAL SMART GRID CYBER SECURITY MARKET 2012-2016” is relevant and critical to reducing threat levels upon our national and global infrastructure.

“TechNavio’s analysts forecast the Global Smart Grid Cyber Security market to grow at a CAGR of 29.43 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the occurrence of cyber threats which in turn is forcing the implementation of strong security measures. The Global Smart Grid Cyber Security Systems market has also been witnessing an increase in the adoption of cloud based smart grid solutions. However, the high installation costs could pose a challenge to the growth of this market,” post EIN News Desk.

“The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Smart Grid Cyber Security Systems market landscape and its growth prospects in the coming years, as well as the key vendors operating in this market.”

The indirect interest in this market is typically not relevant until grid is penetrated producing short-term or extended blackouts and more over, causing security risks on vital structures that weaken business, data containment and operations.   Consider, the direct effects of Global Smart Grid Cyber Security Systems on transportation, resources and day-to-day operations.  The effect are exponential and not easily remedied.

The key vendors dominating this market space are BAE Systems PLC, IBM Corp., Industrial Defender Inc., IOActive Inc., Lockheed Martin Corp., Siemens AG, VeriSign Inc., and ViaSat Inc.

Read more: http://www.reportlinker.com/p0655249/Global-Smart-Grid-Cyber-Security-Market-2012-2016.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Security_Systems

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Posted in Big Data, Business, Economics, Energy, Energy Security, Global, Infrastructure, Nexus, NEXUSES, RESEARCH, Smart Grid, Sustainability Nexuses, Sustainable Voice, Technology, Transportation, Voice News

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