Global Smart Grid Networking Market to Grow at a CAGR of 11.1% over the Forecast 2015-2019
The smart grid networking platform consists of three segments: Hardware, Software, and Services. The Hardware segment includes cables, switches, in-home devices, and controllers. These devices are backed by networking software that comprises network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management, and other software. The hardware and software work in combination to facilitate features such as substation automation, distribution automation, energy management, real-time control, self-healing, and increased reliability and security.
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