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TMCNet:  Research and Markets: Global Smart Grid Cyber Security Market, 2016 with BAE Systems, IBM, IOActive, Lockheed Martin, Siemens, Verisign & ViaSat Dominating

[December 02, 2013]

Research and Markets: Global Smart Grid Cyber Security Market, 2016 with BAE Systems, IBM, IOActive, Lockheed Martin, Siemens, Verisign & ViaSat Dominating

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/3f6vgq/global_smart_grid) has announced the addition of the "Global Smart Grid Cyber Security Market 2012-2016" report to their offering.

The Global Smart Grid Cyber Security market to grow at a CAGR of 29.43 percent over the period 2012-2016.

One of the major drivers is the increase in occurrence of cyber threats. The increase in adoption of smart grids, which facilitate two-way communications through various communication networking, increases the threat of cyber-attacks. As this hampers the security of sensitive and personal data of the smart grid customers, the demand for smart grid cyber security systems has increased. This in turn boosts the growth of the Global Smart Grid Cyber Security market.

The Global Smart Grid market has been witnessing new vulnerabilities over the years. Approximately 4,396 new vulnerabilities were detected during 2010, which may increase in the coming years. The different comonents within smart grids, which are prone to virus attacks are IT systems such as computers, servers, databases, and web services; communications networks such as Ethernet, Wi-Fi, and ZigBee; operational technologies such as supervisory control and data acquisition, power line communications, energy management systems, and intelligent electronic devices; end access points such as smart meters, smartphones, and other mobile devices; and human influences such as lack of training and misuse of universal serial bus drives. Due to the increase in the complexity of the smart grid networks it has increased the threat of cyber-attacks, which is in turn driving the growth of the market.

Further, the report states that one of the major challenges in this market is the lack of disclosure mechanisms. Various power utilities across the world are reluctant to disclose the occurrence of smart grid cyber-attacks, due to the fear of more grid vulnerabilities being exposed. If more vulnerabilities are exposed it will reduce the loyalty of various customers. The disclosure mechanism in the industry is also weak; this will in turn make it difficult for the market to grow at a fast pace in the future.

The key vendors dominating this market space are:

  • BAE Systems PLC
  • IBM Corp.
  • Industrial Defender Inc.
  • IOActive Inc.
  • Lockheed Martin (News - Alert) Corp.
  • Siemens AG
  • VeriSign Inc.
  • ViaSat Inc.

Key Topics Covered:

01. Executive Summary

02. Scope of the Report

03. Market Research Methodology

04. List of Abbreviations

05. Introduction

06. Market Landscape

07. Geographical Segmentation

08. Buying Criteria

09. Market Growth Drivers

10. Drivers and their Impact

11. Market Challenges

12. Impact of Drivers and Challenges

13. Market Trends

14. Trends and their Impact

15. Vendor Landscape

16. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/3f6vgq/global_smart_grid


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