- The key vendors in the Global Smart Grid Cyber Security Market are BAE Systems plc, IBM Corp., IOActive Inc., Lockheed Martin Corp. and Symantec .
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Smart Grid Cyber Security Market 2014-2018. Many off-the-shelf software and hardware applications are being installed in smart grids. Off-the-shelf applications are evaluated to check their resistance to threats and their ability to process complex data during the course of the product lifecycle.
Smart grid cyber security involves protection against serious cyber threats affecting the users of smart grid technology globally. The introduction of regulatory standards and guidelines is a major driver of the Global Smart Grid Cyber Security market.
“Many European-based utilities have been availing cloud-based services from smart grid vendors. Consequent to this growing trend of cloud-based technology adoption, many security firms started providing services to protect the smart grids from cyber attacks,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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