BusinessEurope Smart Grid Security Market Overview, Dynamics, Trends, Segmentation, Key Players, Application and Forecast to 2026

June 7, 2022by adam Smith0
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According to IMARC Group’s latest report, titled “Europe Smart Grid Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited robust growth during 2015-2020. Smart grid security refers to a system that secures efficient, reliable, cost-effective, and clean energy distribution throughout the grid. It involves integrated communications systems, advanced control methods, and enhanced sensing and measurement interfaces for measurement and sensing.

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The increasing adoption of smart grid technology represents the primary factor bolstering the Europe smart security grid market. Smart grid security facilitates a stable and reliable power system operation during contingency situations in case of any critical power system component failure. Furthermore, the European Union (EU) has also set a target for reducing greenhouse gases by 20% to meet its energy needs while using renewable energy sources. This has also escalated the demand for innovative grid security solutions across the region. Moreover, several technological advancements, such as the integration of the internet of things (IoT) and connected devices with smart grid security systems, ensure data privacy and protection. On account of these factors, the market is expected to witness positive growth in the near future. Looking forward, IMARC Group expects the Europe smart grid security market to continue its robust growth during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Segmentation:

Breakup by Component:

  • Solution
    • Encryption
    • Antivirus and Antimalware
    • Identity and Access Management (IAM)
    • Firewall
    • Others
  • Services
    • Managed Services
    • Professional Services
    • Others

Breakup by Subsystem:

  • Demand Response System
  • Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
  • Home Energy Management System
  • Advanced Metering Infrastructure
  • Others

Breakup by Deployment Type:

  • Cloud-based
  • On-premise

Breakup by Security Type:

  • Endpoint Security
  • Application Security
  • Database Security
  • Network Security
  • Others

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/europe-smart-grid-security-market

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2021-2026) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Also Read: Switchgear Market Size, Share, Trends and Analysis to 2027 | IMARC Group

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