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Global Smart Grid Cyber Security Market 2010-2014

VIEWS: 9 PAGES: 29

TechNavio’s analysts forecast the Global Smart Grid Cyber Security market to grow at a CAGR of 20.8 percent over the period 2010–2014. One of the key factors contributing to this market growth is the growing number of compliance requirements. The Global Smart Grid Cyber Security market has also been witnessing an increase in cyber security spending. However, the lack of standardization could pose a challenge to the growth of this market. Key vendors dominating this market space include BAE Systems, Industrial Defender Inc., IOActive Inc., and VeriSign. TechNavio’s Global Smart Grid Cyber Security Market 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the Americas, EMEA, and APAC regions; it also covers the current market landscape of Smart Grid Cyber Security and its growth prospects. Further the report includes a discussion on key vendors operating in this region. Key questions answered in this report: What will the market size be in 2014 and at what rate will it grow? What key trends is this market subject to? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?

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									2010–2014   Global Smart Grid Cyber Security Market




                                    technavio insights
2010–2014   Global Smart Grid Cyber Security Market




            CONTENTS


            01. Executive Summary ..............................................1

            02. Introduction ........................................................... 2

            03. Market Coverage .................................................4

            04. Market Landscape ................................................5

            05. Vendor Landscape ...............................................8
            06. Market Growth Drivers ........................................10

            07. Market Challenges .............................................12

            08. Market Trends ...................................................... 14

            09. Key Vendor Analysis ...........................................16
            09.1 BAE Systems .......................................................................... 16

            09.2 Industrial Defender Inc. ...................................................... 18

            09.3 IOActive Inc. ........................................................................ 20

            09.5 VeriSign ................................................................................. 22

            10. Other Reports in this Series .................................25




2010–2014                                            Global Smart Grid Cyber Security Market
2010–2014   Global Smart Grid Cyber Security Market




            EXHIBITS

            Exhibit 1: Global Smart Grid Cyber Security Market 2010–
                       2014 (US$ million) ............................................................. 6

            Exhibit 2: Global Smart Grid Cyber Security Market by
                       Geographical Segmentation 2010 ................................. 7




2010–2014                                       Global Smart Grid Cyber Security Market
Global Smart Grid Cyber Security Market
                                                                                                    1

      01. Executive Summary
                             2010: US$510.0 million
        Market Size
                             2014: US$1,088.7 million

        Growth Rate          20.8 percent CAGR

                             The Americas
        Key Geographies      APAC
                             EMEA

        Key Customer
                             Electric Utilities
        Segment

                             Increase in Spending on Cyber Security
                             New Vulnerabilities within Smart Grid
        Trends
                             Adoption of Cloud-based Applications
                             Increase in Business Collaborations

                             Increase in Internet Usage
                             Rising Compliance Requirements
        Drivers              Emergence of Advanced Energy Delivery Systems
                             Increasing Complexity of Threats
                             Growing Use of Off-the-shelf Applications

                             Lack of Effective Defensive Measures
                             Unpredictability of Cyber Threats
        Challenges
                             Lack of Standardization
                             Less Awareness Among Users

                             BAE Systems
                             Industrial Defender Inc.
        Key Vendors
                             IOActive Inc.
                             VeriSign




2010–2014                                                     Global Smart Grid Cyber Security Market
Global Smart Grid Cyber Security Market
                                                                                                                2

      02. Introduction
      Smart grid cyber security involves handling security against serious threats that affect the global
      users of smart grid. The security of smart grid is a major issue overhanging utilities because there is
      a frequent exchange of sensitive information via communication networks such as the internet,
      intranets, corporate networks, and extranets. Utilities need various controlling techniques to
      moderate the adverse effects that are caused because of the unauthorized access of smart
      grid data. Hackers, for instance, can take control of smart grid applications and servers, and
      can access confidential information. Therefore, smart grid requires security measures not only to
      handle systems and equipment but also to secure the exchange of information between
      systems. The two key purposes of cyber security in smart grid are as follows: maintaining a
      reliable flow of electricity by redu
								
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