New report “Global Smart Grid Cyber Security Market 2016-2020” at Market Reports Center covers the present scenario and the growth prospects of the global smart grid cyber security market for 2016-2020. Includes key players like AlertEnterprise, AlienVault, Black and Veatch, Cisco, McAfee-Intel, Elster, Entergy Services, HP etc.
Worldwide: The power grid is an easy target for adversaries who would seek to cause significant physical, economic, and psychological harm, to a nation. This is because a nation’s grid is operated by various regional utilities that are also interconnected through a smart grid, which is essential for maintaining a stable and reliable power system. When compared to a traditional grid, the smart grid is highly dependent on IT and communication systems for its operation, which makes the smart grid a target for adversaries. This, in turn, has also increased the number of new vulnerabilities in the smart grid.
Many organizations have been able to cut costs and centralize their resources because of availing cloud-based services. Consequently, there has been an increase in the number of utilities adopting cloud-based services. Many European-based utilities have been availing cloud-based services from smart grid vendors. However, with an increase in the adoption of cloud-based services, there is also a concomitant increase in the security threats to the cloud infrastructure. Cloud-based applications are hosted on the Web, which makes these applications more vulnerable compared with the traditional on-premises solutions. As a consequence to this growing trend of cloud-based technology adoption, many security firms started providing services to protect the smart grids from cyber-attacks.
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Consequent to the overall lack of standardization within the grid network, the gap of interoperability among power systems widened. Smart grids include many systems that are intertwined and connected to the main server. The disparity that this system integration creates between networking systems is wide-ranging and affects the overall functionality of the grid. Utilities are yet to deploy systems that are interoperable. Thus, implementing security standards within diverse networking systems is a serious challenge faced by the utilities. Authorities could resolve this complexity by enforcing standardized security practices that can be applied to utilities.
Smart grid cyber security involves protection against serious cyber threats that affect the users of smart grid technology globally. Security of the smart grid network has been an area of concern for the power utility sector, given the frequent exchange of sensitive information that takes place via communication networks such as the internet, intranets, corporate networks, and extranets. The power utility sector needs various controlling techniques to moderate the adverse effects of unauthorized access of smart grid data. For instance, hackers could assume control of smart grid applications and servers and access confidential information. Hence, the smart grids require security measures that not only administer these systems and equipment efficiently but also ensure a secure exchange of information between these systems.
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New report “Global Smart Grid Cyber Security Market 2016-2020” was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. To calculate the market size, the report considers the revenue generated from the demand generated by different end users in any region in the smart grid cyber security market.
The market is divided into the following segments based on geography:
– Americas
– APAC
– EMEA
We have recognized the following companies as the key players in the global smart grid cyber security market: BAE Systems, IBM, IOActive, and Lockheed Martin.
Other Prominent Vendors in the market are: AlertEnterprise, AlienVault, Black and Veatch, Cisco, McAfee-Intel, Elster, Entergy Services, HP¸ N-Dimension Solutions, Siemens¸ Sophos, Sourcefire, Symantec, and ViaSat.
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