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The report Smart Grid Cyber Security analyses smart grid cyber security market trends in terms of business drivers, technologies, standards, objectives, and business requirements. The report segments the cyber security market by five major smart grid application areas: transmission upgrades, substation automation, distribution automation, electric vehicle management systems, and advanced metering infrastructure (AMI).
According to the 95 page report, utilities around the world have initiated major smart grid infrastructure upgrades over the past several years, and cyber security has become a critical priority. Security measures are designed to protect the electrical grid from attacks by terrorists and hackers, as well as strengthening its resilience against natural disasters and inadvertent threats such as equipment failures and user errors. The focus on cyber security has increased in recent months, spurred in large part by the U.S. Department of Energy's smart grid stimulus programs, the standards initiatives of the National Institute of Standards and Technology (NIST), and key priorities promoted by the Federal Energy Regulatory Commission (FERC).
However, despite the increased emphasis, the lack of interoperable cyber security standards continues to be a major issue. The report's analysis indicates that many utilities are highly focused on finding end-to-end cyber security solutions across a variety of smart grid application areas and geographies, as cyber security is viewed as a cross-cutting feature of smart grid deployments. This need for end-to-end solutions has opened new market opportunities for systems integrators and framework developers to collaborate with traditional utility industry players, including metering and transmission and distribution (T&D) infrastructure vendors. This intense focus is stimulating the development of a robust new smart grid cyber security sector, which the report forecasts will increase from $1.2 billion in 2009 to $3.7 billion by 2015. Over the next five years, we anticipate that approximately $21 billion will be invested in global smart grid cyber security deployments.
View the report "Smart Grid Cyber Security" Report Buyer product ID: PIK00031
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