Utilities Security Market Scope
Utilities security provides multiple advancements in various industries such as power plants, water firms, oil & gas industry and other that encompass functions including monitoring patch management and regular monitoring. In addition to this, it is also managing the intrusion detection systems & firewalls and conducting security assessments & audits, and forecasting & responding to threats
According to AMA, the Global Utilities Security market is expected to see growth rate of 4.41% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Utilities Security market throughout the predicted period.
Axis Communications (Sweden), Bosch Security Systems (Germany), Honeywell Security (United States), Qognify (United States), Tyco International (Republic of Ireland), AlienVault (United States), Anixter (United States), Cisco Systems (United States), Computer Sciences Corporation (United States), Siemens (Germany) and Symantec (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are G4S (United Kingdom), General Dynamics (United States), General Electric (United States) and Northrop Grumman (United States).
Segmentation Overview
The study have segmented the market of Global Utilities Security market by Type (Physical Security and Cyber Security), by Application (Oil and Gas, Electricity and Others) and Region with country level break-up.
On the basis of geography, the market of Utilities Security 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).
Influencing Trend:
Increasing adoption of cloud based services in various size of organisations
Market Growth Drivers:
Increase in security breaches and surge in government initiatives and Increasing adoption of IP cameras in utilities sector as they are cost-effective and have large area coverage
Challenges:
The surge in the number of cyber criminals and cyber-attacks has endangered the privacy of organizations
Restraints:
Lack of skilled labor in emerging economies
Opportunities:
Higher involvement of industry players in the utility sector to reduce the carbon footprints
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.