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Construction of Smart Power Grid is a Key Trend affecting the Global Energy Security Market
• Key vendors include ABB, Aegis Defence Services, BAE Systems, Cassidian SAS, Elbit Systems, Ericsson, Flir Systems, Honeywell International, Siemens
As per research analysis, smart power grid investment worldwide will be approximately US$200 billion by 2015. The emergence of the smart power grid is facilitating the growth of several technologies, including those deployed in the Global Energy Security market. Leading vendors like Verizon, Elster, IBM, and eMeter are offering cloud-based smart power grid solutions, as they offer cost savings and resource centralization. This is leading to increasing number of power utilities adopting cloud-based services.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “Globally, the revenues are traditionally derived from developed countries like US, which has a share of 40 per cent due to the increasing implementation of smart power grid projects. UK closely follows this, which has been deploying security measures to protect smart power grids from cyber-attacks, as they are more vulnerable than traditional on-premise solutions. However, during the forecast period, there will be increasing implementation from developing countries like China, which is concentrating on building a secured network to avoid cyber-attacks.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on Global Energy Security Market 2014-2018 (http://www.technavio.com/
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