May 14, 2013 (M2 PRESSWIRE via COMTEX) -- Research and Markets (http://www.researchandmarkets.com/research/8cmfjg/global_smart_grid) has announced the addition of the "Global Smart Grid Cybersecurity Systems Market Value (2012 - 2020)" report to their offering. Led by strong U.S. support from the Whitehouse and the U.S. Department of Energy, smart grid cybersecurity is quickly becoming a top-priority for every utility in the U.S. This fact, along with an ever growing list of utilities that have been hacked, will push the market for smart grid cybersecurity systems to $7.25 billion by 2020. Utilities such as Potomac Electric Power Co/PEPCO Holdings Inc., the City of Roseville (Roseville Electric), Baltimore Gas & Electric, Idaho Power Company, Pedernales Electric Cooperative, Inc. and Entergy Services, Inc have already experienced the effects of cyber-attacks (or suspected attacks). Companies such as IBM, ViaSat, Cisco, SAIC, Black and Veatch, Lockheed Martin, and Siemens are all vying for market leadership in this space. However, only time will tell which solution ultimately wins the approval among utilities across the globe. This analysis-ready strategic dataset includes global cybersecurity system market forecasts from 2012 to 2020, regional forecasts, and country specific forecasts for fifteen countries. In 2012, North America accounted for 42% of the global cybersecurity market, while Europe and Asia-Pacific accounted for 30% and 17%, respectively. By 2020, Asia-Pacific will hold 35% of the global cybersecurity market, while North America and Europe will account for 28% and 23% of the market, respectively. In 2017, China will overtake the U.S. as the largest smart grid cybersecurity market. From 2012 to 2020, China, Japan, South Korea, and Russia are all projected to have annual growth rates over 40%. The major application areas in 2012 were Enterprise/Operational Communication Networks and Distribution Automation. By 2020, Distribution Automation will be the largest application area. Smart grid cybersecurity protecting operations technology (OT) will account for 40% of the global market by 2020. Systems to protect information technology (IT) are projected to account for 60% of the market by 2020. Zpryme has refined its forecasting models over dozens of reports, expert interviews, and global utility surveys to produce granular projections based on expected demand and our first-hand knowledge of the smart grid cybersecurity market. To make this a truly industry-first dataset for actionable planning, the combined expertise of Zpryme's global research team and Smart Grid Advisory Board provide a concise set of strategic data to capitalize on the soon-to-be booming cybersecurity market. Key Topics Covered: Global Smart Grid Cybersecurity Systems Market Value by OT and IT, 2012 - 2020 Global Smart Grid Cybersecurity Systems Market Value by Application Area, 2012 - 2020 - Transmission and Substations/Systems - Advanced Metering Infrastructure (AMI) - Customer Systems - Enterprise/Operational Communications Architecture - Distribution Automation (DA) Global Smart Grid Cybersecurity Systems Market Value by Region, 2012 - 2020 Smart Grid Cybersecurity Systems Market Value by Country, 2012 - 2020 Companies Featured: - Potomac Electric Power Co/PEPCO Holdings Inc. - The City of Roseville (Roseville Electric) - Baltimore Gas & Electric - Idaho Power Company - Pedernales Electric Cooperative, Inc - Entergy Services, Inc - IBM - ViaSat - Cisco - SAIC - Black and Veatch - Lockheed Martin - Siemens For more information visit http://www.researchandmarkets.com/research/8cmfjg/global_smart_grid
CONTACT: Research and Markets, Laura Wood, Senior Manager. press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Sector: Utilities (http://www.researchandmarkets.com/categories.asp?cat_id=48&campaign_id=8cmfjg)
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