What is Cybersecurity In Utilities Market?
Cybersecurity has been a primary concern for utilities for decades, due to their important roles as operators of critical infrastructure and providers of essential services. However, the concern over cybersecurity continues to climb up the utilitiesí agendas, which is driven by the increasingly interconnected nature of their infrastructure and systems, and growing number of attacks targeting the utilities market. Utilities need to be transition to a more connected and smart energy system. They are also adopting the IoT technologies which potentially open up utilitiesí systems and infrastructure to the outside of the world. Which include sensors, smart meters, and other grid monitoring devices
The market study is being classified by Type (Network Security, End point Security, Application Security, Cloud Security and Other Security) and major geographies with country level break-up.
IBM (United States), Microsoft (United States), Cisco (United States), Check Point (United States), Symantec (United States), CyberArk (Israel), F5 Networks (United States), FireEye (United States), Fortinet (United States), Palo Alto Networks (United States), Imperva (United States), Qualys (United States), F-Secure (Finland) and Micro Focus (United Kingdom) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Rapid7 (United States), Sophos (United Kingdom), Splunk (United States), Trend Micro (Japan) and Juniper Networks (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cybersecurity In Utilities market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Cybersecurity In Utilities market by Type, Application and Region.
On the basis of geography, the market of Cybersecurity In Utilities has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Emergence of disruptive digital technologies, such as IoT, across industry verticals
- Increase in the number of supply chain-based attacks exploiting the software supply chain
- Use of pirated and open source cyber-security solutions
- Leveraging AI, machine learning and blockchain technologies for cyber defense
- Growing need of cloud-based security solutions among SMEs
- Lack of ability in operating with the existing information systems
Market Leaders and some development strategies
IBM Security and McAfee extended their partnership to integrate IBM IRP with Data Exchange Layer (DXL) and provide better protection through automation and intelligence sharing
Symantec announced the development of a powerful threat detection technology, which was used by its world-class research teams. Symantecís Targeted Attack Analytics (TAA) enables ATP, thereby helping customers leverage advanced machine learning and discover targeted attacks
Key Target AudienceCybersecurity vendors, Information security consultants, Security system integrators, Government agencies, Consulting firms, Managed Security Service Providers (MSSPs), Value-Added Resellers (VARs) and Independent software vendors