According to the market research report released by Technavio, the global smart grid cyber security market is expected to accelerate at a CAGR of over 10% during the forecast period. The increasing vulnerabilities is one of the key factors triggering the growth of the market.
This research report titled ˜Global Smart Grid Cyber Security Market 2017-2021 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global smart grid cyber security market into the following applications:
- Distribution and control
In 2016, the consumption segment accounted for 37% of the global market and is projected to reach 39% by 2021, exhibiting almost 2% increase in market share.
Global smart grid cyber security market: An emerging trend
The increased investments in grid modernization is an emerging trend in the smart grid cyber security market space. As grid modernization increases through the implementation of smart grid technologies, the number of access points for compromising the functions of the grid will also increase. This is primarily because cyber-attacks on a traditional grid system would require physical access to the utilitys network, and since smart grid technologies are placed outside the physical boundaries of the utility, it becomes convenient for adversaries to access them.
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Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavios report provides expert market research on the following topics:
- Market Outline
- Global Smart Grid Cyber Security Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by application (consumption, generation, and distribution and control)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (BAE Systems, IBM, IOActive, and Lockheed Martin)
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