Infrastructure protectionInfrastructure security market to see robust growth

The Utility Infrastructure Security Market 2012-2022: Cybersecurity & Smart Grids from Visiongain offers an analysis of the utility infrastructure security market and developments in it over the next ten years. The report quantifies the market in terms of global size and breaks the market down into two global security markets with eight sub-markets, four utility sectors, and seven regional markets, with forecasts and analysis provided for each regional market and industry sub-market from 2012 to 2022.

Visiongain says that the report also examines the major drivers and restraints influencing the market over the next decade and explains the major technologies within the market, analyzing which nations will drive capital expenditure into the utility infrastructure security market. The company’s research shows that global spending in 2012 on utility infrastructure security expenditure, along with planned investment and government support, will total $7.455 billion in 2012.

A combination of ageing infrastructure, smart grid adoption, rising compliance and regulations, and utilities becoming a target for criminal exploitation has created a robust growth in the utility infrastructure security market. The report says that over the forecast period there will be strong growth in the utility infrastructure security market as a number of governments and utility companies rush to protect utility infrastructure networks which are considered to be critical infrastructure in need of protection to ensure national economic security.

Growing concerns over the level of protection in key industries combined with an increase in the investment and deployment of smart grid systems by governments and has raised the need for enhanced security measures. Disclosures about attempts to disrupt the security of the electrical power supply most prominently in the United States have added to the urgency for cyber security for the emerging smart grid. This has lead to an increase in mandatory regulations and standards concerning the security of utilities and their infrastructure. These requirements will drive major investments in utility infrastructure security market and especially in the cybersecurity sub-market over the decade.

The report also describes the most important technological changes within the utility infrastructure security market industry and assesses their importance for the growth of the market over the long-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the utility infrastructure security market.