Global Utilities Security Market to grow at a CAGR of 4.82% during the period 2016 - 2020; Finds New Report

Report forecast the global utilities security market to grow at a CAGR of 4.82% during the period 2016-2020.

The utilities infrastructure is a major part of critical infrastructure, which involves oil and gas and electricity. The number of critical infrastructures is likely to grow during the forecast period in different regions around the world. Critical infrastructures are high-value construction projects, and their security is crucial for governments as well as enterprises. An increased number of cyber threats are likely to cause more damage than physical threats. Owing to an increase in criminal activities over the network, governments have imposed strict regulations to secure critical infrastructures.

Physical security involves the security of an organization's data, hardware, network, and computer programs from external threats. These threats can include burglary, data theft, and terrorism. Numerous hardware devices and software are being adopted by government organizations and enterprises to ensure the security of their assets and physical security of critical business data.

Cyber security solutions prevent hackers and network intruders from attacking an organization's network. Cyber security is important for government organizations and enterprises that transmit large volumes of confidential data over the network, including financial and confidential data.

The report covers the present scenario and the growth prospects of the global utilities security market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of the following applications:

• Surveillance systems
• Access control systems
• Perimeter intrusion prevention system (PIPS)
• Software
• Cloud-based services

The market is divided into the following segments based on geography:

• Americas
• EMEA
• APAC

According to the report, the need to increase the levels of protection is the major contributing factor to the growth of the global utilities security market. With the increase in frequency and complexity of cyber attacks, there is an urgent need for reliable protection solutions. As a result of the increasing complexity of the applications that companies use in their operational processes, there is an increase in false positives and false negatives in security systems. This issue is further complicated by the lack of skilled IT professionals.

Further, the report states that one of the major challenges that vendors encounter in the market is the issue of integrating their products with other security solutions.

Global Utilities Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Utilities Security Market: Axis Communications, Bosch Security Systems, Honeywell Security, Qognify, and Tyco International.

Other Prominent Vendors in the market are: AlienVault, Anixter, Cisco Systems, Computer Sciences Corporation, G4S, General Dynamics, General Electric, McAfee, Northrop Grumman, Siemens, and Symantec.

Market driver

• To improve quality of data protection
• For a full, detailed list, view our report

Market challenge

• Integration issues of security solutions
• For a full, detailed list, view our report

Market trend

• Increased demand for vulnerability management and compliance
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 61 pages and 34 Exhibit “Global Utilities Security Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Assumptions, Life cycle analysis, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market attractiveness, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Impact of trends, Five forces model, Key vendor analysis, Distribution Channel, Appendix.

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