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At a CAGR of 4.82% Global Utilities Security Industry Will Grow Steadily During the Period 2016-2020

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Albany, NY -- (SBWIRE) -- 01/26/2017 -- The utilities infrastructure is a major part of critical infrastructure, which involves oil and gas and electricity. The number of critical infrastructures is likely to grow during the forecast period in different regions around the world. Critical infrastructures are high-value construction projects, and their security is crucial for governments as well as enterprises. An increased number of cyber threats are likely to cause more damage than physical threats. Owing to an increase in criminal activities over the network, governments have imposed strict regulations to secure critical infrastructures.

Physical security involves the security of an organization's data, hardware, network, and computer programs from external threats. These threats can include burglary, data theft, and terrorism. Numerous hardware devices and software are being adopted by government organizations and enterprises to ensure the security of their assets and physical security of critical business data.

Cyber security solutions prevent hackers and network intruders from attacking an organization's network. Cyber security is important for government organizations and enterprises that transmit large volumes of confidential data over the network, including financial and confidential data.

Technavios analysts forecast the global utilities security market to grow at a CAGR of 4.82% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global utilities security market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of the following applications:

Surveillance systems
Access control systems
Perimeter intrusion prevention system (PIPS)
Cloud-based services

The market is divided into the following segments based on geography:


Technavio's report, Global Utilities Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Axis Communications
Bosch Security Systems
Honeywell Security
Tyco International

Other prominent vendors
Cisco Systems
Computer Sciences Corporation
General Dynamics
General Electric
Northrop Grumman

Market driver
To improve quality of data protection
For a full, detailed list, view our report

Market challenge
Integration issues of security solutions
For a full, detailed list, view our report

Market trend
Increased demand for vulnerability management and compliance
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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