Global Smart Grid Security Market By Service Type, By Security Type, By Application, By Deployment Type, By Geographic Scope And Forecast
Smart Grid Security Market Size And Forecast
Smart Grid Security Market was valued at USD 5.99 billion in 2019 and is projected to reach USD 12.72 billion by 2027, growing at a CAGR of 10.65% from 2020 to 2027.
Global Smart Grid Security Market Overview
The trend of adoption of the smart grid has enabled connecting devices and applications through the internet. Smart grids are required to integrate traditional grids with the IT systems. Furthermore, a Smart grid offers grid operators, a greater control of the functions of the grid for improving the efficiency with enhanced monitoring with the help of exchange information. Composed of various integrations of information technology (IT) and operation technology (OT) systems to manage different functions. The increased sophistication has increased standards of cyber-attacks drive the market for the global smart grid security market. Moreover, the continuous evolution of the smart grid and integrated offering of smart grid IT and cyber-security solutions are providing opportunities for growth during the forecast period.
Global Smart Grid Security Market Segmentation Analysis:
The Global Smart Grid Security Market is segmented based on Application, Service Type, Security Type, Solution, Deployment Type And Geography.
Key Players in Smart Grid Security Market
The Global Smart Grid Security Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as
- BAE Systems PLC
- IBM Corporation
- Cisco Systems, Inc.
- Intel Security (Mcafee)
- Siemens AG
- Symantec Corporation
- N-Dimension Solutions, Inc.
- Elster Solutions
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