The global smart grid security market is anticipated to rise at a healthy CAGR of 10.5% during the period between 2017 and 2025. At this pace, the market is likely to gain a valuation of US$10.58 bn by 2025 from US$4.35 bn in 2016.
Albany, NY -- (SBWIRE) -- 09/15/2017 -- Presently, the growth in the global smart grid security market is associated with the growth in population as well as the swift rise in urbanization in developing economies. All of this is connected to the growing energy needs which are eventually boosting the sector for smart grid security and other smart appliances. To study further, a new report has been added to the vast database of Market Research Reports Search Engine (MRRSE). This report is titled "Smart Grid Security Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025", which encloses information about the market status based on region, applications and other factors.
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It is important to know that, the outcome of installation of smart grid security systems is data collection and the utilization for perfect modeling of networks, particularly at LV (low voltage) level. At present, increasing installation of smart grid systems as a result of the more active distribution, exploiting active and reactive control capabilities of distributed energy resources is known to be a prime factor for the significant growth of the smart grid security market in the near future. As per key research conclusions, the global smart grid security market is anticipated to rise at a healthy CAGR of 10.5% during the period between 2017 and 2025. At this pace, the market is likely to gain a valuation of US$10.58 bn by 2025 from US$4.35 bn in 2016.
The report starts with a clear objective to educate the readers about the motive of the study. This is done through the offering of research methodology and executive summary. Further, the market overview is also presented which includes information about the market drivers, restraints, and opportunities. Under this section, details about the global smart grid security market analysis and forecast, 2016 – 2025 is also available.
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Moving ahead, the next section focuses on the market bifurcation on the basis of different elements. In terms of security type, the market is segmented by network security, database security, application security and endpoint security. Further, on the basis of deployment, the concerned market is divided into cloud and on-premises. In the current scenario, the prime applications for the global smart grid security market are smart meters, smart application, energy efficient resources and renewable energy resources. Highlighting the geographical perspective, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. The report states that the North America market accounted for a share of 38.7% in the overall smart grid security market for the year 2016.
The research study concludes with the company profiles, detailing about the market presence, strategic overview, SWOT analysis and company details about the various players active in the global smart grid security market.
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