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Smart Grid Security Market 2021 Sales Revenue, COVID -19 Outbreak, Global Trends and Industry Growth Analysis and Segments

iCrowdNewswire   Jan 13, 2021  1:34 AM ET

Smart Grid Security Market Overview:

The fortification of traditional power grids is predicted to enhance the smart grid security market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.  A revenue level of USD 747.07 Million is projected by 2023, with the backing of a CAGR of 10.73%.

The need to enhance availability & allotment of power is predicted to bolster the Smart Grid Security Market in the forecast period. The rise in funding to alter utility infrastructure to the smart grid is projected to enhance the smart grid security market.

Major Key Players:

The notable contender working in the smart grid security market are IBM Corporation (U.S.), N-Dimension Solutions (Canada), Cisco Systems, Inc. (U.S.), BAE Systems PLC (U.K.), Elster Solutions (U.S.),  Intel Corporation (Intel Security) (U.S.), Lockheed Martin Corporation (U.S.), Siemens AG (Germany), Symantec Corporation (U.S.), Alert Enterprise (U.S.), Leidos (U.S.), Symantec Corporations (U.S.), and McAfee LLC (U.S.).

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Segmental Analysis:

The segmental scrutiny of the smart grid security market is conducted based on security type, application, deployment, and region. The application-based segmentation of the smart grid security market is segmented into generation, consumption, distribution and control. Based on the deployments, the smart grid security market is bifurcated into the cloud and on-premise. On the basis of regions, the smart grid security market is segmented into North America, Europe, Asia-Pacific, and the Rest of the regions in the world. Based on the security types, the smart grid security market is segmented into endpoint, network, application, and database.

Detailed Regional Analysis:

The regional examination of the smart grid security market consists North America, Europe, Asia-Pacific, and the Rest of the regions in the world. The regional markets in smart grid security are anticipated to develop at an outstanding rate in the forecast period from 2018 to 2023. The North American regional market is likely to lead the smart grid security market as of 2018 to 2023 due to the incidence of highly developed utility infrastructure, elevated concentration of market players in the region, and accessibility of accomplished cyber-security knowledge. Nonetheless, the region of Asia-Pacific is anticipated to develop at the maximum CAGR throughout the forecast period due to alteration in conventional grid structure to the smart grid by many nations in the region.

Competitive Analysis:

The market is in a condition of flux due to the rapid and severe changes in the global economy. The market players are taking the steps that are necessary to ensure that the market survives the turbulent period and emerge recovered in the future. The fortification of the human resource is estimated to be the critical point being addressed in these times of uncertainty. The support of the administration in countries around the world is estimated to have a significant impact on the development of the market in the upcoming period. The rebooting of manufacturing activities is another strategic aspect that is being emphasized to ensure that the supply of the end product can be reasonably ensured to the users in the market. The revamping of distribution channels is also expected in the coming years with a particular focus on using robots for the logistic function on a larger scale than before.

Industry Updates:

Apr 2020 ABB Power Grids are gearing up to boost efficiency with 5G-ready factory connectivity. ABB Power Grids is combining more digital solutions into its transformer factory in Ludvika, Sweden, to augment performance and productivity. ABB Power Grids is a worldwide leader and leader within power technology, addressing automation and power for the smart grid.

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.3 Markets Structure

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List of Tables

Table 1 Global Smart Grid Security Market, By Region, 2018–2023

Table 2 North America: Smart Grid Security Market, By Country, 2018–2023

Table 3 Europe: Smart Grid Security Market, By Country, 2018–2023

Table 4 Asia-Pacific: Smart Grid Security Market, By Country, 2018–2023

Table 5 Middle East & Africa: Smart Grid Security Market, By Country, 2018–2023


List of Figures

Figure 1 Global Smart Grid Security Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis Of Global Smart Grid Security Market

Figure 4 Value Chain Of Global Smart Grid Security Market

Figure 5 Share Of Global Smart Grid Security Market In 2017, By Country (In %)


About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

Contact Information:

Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
Maharashtra, India
+1 646 845 9312

Keywords:    Global Smart Grid Security Market, Smart Grid Security Market Trends, Smart Grid Security Market Size, Smart Grid Security Market Segments, Smart Grid Security Market Growth, Smart Grid Security Industry

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