Smart Grid Security Market, by Deployment (On-Premise, Cloud), Security Type Forecast 2023
Smart Grid Security Market Overview:
The
fortification of traditional power grids is predicted to enhance the smart grid
security market 2020. The ICT industry reports are produced by Market Research
Future, which highlights market options for expansion. A revenue level of
USD 747.07 Million is projected by 2023, with the backing of a CAGR of 10.73%.
The need to enhance availability & allotment of power is predicted to
bolster the Smart Grid Security Market in the forecast period. The rise in
funding to alter utility infrastructure to the smart grid is projected to
enhance the smart grid security market.
Major
Key Players:
The notable
contender working in the smart grid security market are IBM Corporation (U.S.),
N-Dimension Solutions (Canada), Cisco Systems, Inc. (U.S.), BAE Systems PLC
(U.K.), Elster Solutions (U.S.), Intel Corporation (Intel Security)
(U.S.), Lockheed Martin Corporation (U.S.), Siemens AG (Germany), Symantec
Corporation (U.S.), Alert Enterprise (U.S.), Leidos (U.S.), Symantec
Corporations (U.S.), and McAfee LLC (U.S.).
Segmental Analysis:
The
segmental scrutiny of the smart grid security market is conducted based on
security type, application, deployment, and region. The application-based
segmentation of the smart grid security market is segmented into generation,
consumption, distribution and control. Based on the deployments, the smart grid
security market is bifurcated into the cloud and on-premise. On the basis of
regions, the smart grid security market is segmented into North America,
Europe, Asia-Pacific, and the Rest of the regions in the world. Based on the
security types, the smart grid security market is segmented into endpoint,
network, application, and database.
Detailed
Regional Analysis:
The
regional examination of the smart grid security market consists North America,
Europe, Asia-Pacific, and the Rest of the regions in the world. The regional
markets in smart grid security are anticipated to develop at an outstanding rate
in the forecast period from 2018 to 2023. The North American regional market is
likely to lead the smart grid security market as of 2018 to 2023 due to the
incidence of highly developed utility infrastructure, elevated concentration of
market players in the region, and accessibility of accomplished cyber-security
knowledge. Nonetheless, the region of Asia-Pacific is anticipated to develop at
the maximum CAGR throughout the forecast period due to alteration in
conventional grid structure to the smart grid by many nations in the region.
Competitive
Analysis:
The market
is in a condition of flux due to the rapid and severe changes in the global
economy. The market players are taking the steps that are necessary to ensure
that the market survives the turbulent period and emerge recovered in the
future. The fortification of the human resource is estimated to be the critical
point being addressed in these times of uncertainty. The support of the
administration in countries around the world is estimated to have a significant
impact on the development of the market in the upcoming period. The rebooting
of manufacturing activities is another strategic aspect that is being
emphasized to ensure that the supply of the end product can be reasonably
ensured to the users in the market. The revamping of distribution channels is
also expected in the coming years with a particular focus on using robots for
the logistic function on a larger scale than before.
Industry
Updates:
Apr 2020 ABB Power Grids are gearing up
to boost efficiency with 5G-ready factory connectivity. ABB Power Grids is
combining more digital solutions into its transformer factory in Ludvika,
Sweden, to augment performance and productivity. ABB Power Grids is a worldwide
leader and leader within power technology, addressing automation and power for
the smart grid.
Table of
Contents
1
Executive Summary
2 Scope
of The Report
2.1 Market
Definition
2.2 Scope
Of The Study
2.2.1
Research Objectives
2.3 Markets
Structure
Access
Report Details @ https://www.marketresearchfuture.com/reports/smart-grid-security-market-7168
List of
Tables
Table 1
Global Smart Grid Security Market, By Region, 2018–2023
Table 2
North America: Smart Grid Security Market, By Country, 2018–2023
Table 3
Europe: Smart Grid Security Market, By Country, 2018–2023
Table 4
Asia-Pacific: Smart Grid Security Market, By Country, 2018–2023
Table 5
Middle East & Africa: Smart Grid Security Market, By Country, 2018–2023
Continued…
List of
Figures
Figure 1
Global Smart Grid Security Market Segmentation
Figure 2
Forecast Methodology
Figure 3
Porter’s Five Forces Analysis Of Global Smart Grid Security Market
Figure 4
Value Chain Of Global Smart Grid Security Market
Figure 5
Share Of Global Smart Grid Security Market In 2017, By Country (In %)
Continued…
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