DUBLIN, June 3, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Utilities Security Market 2016-2020" report to their offering.

The report forecasts the global utilities security market to grow at a CAGR of 4.82% during the period 2016-2020.

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

Vendors offer simple security solutions that detect, identify, and mitigate attacks. However, with the increasing demand for advanced solutions and the growing preference for outsourcing network security to dedicated vendors, there is a need for sophisticated and advanced security services. For instance, the demand for complex services such as vulnerability management and policy or compliance-related solutions is expected to increase. In addition, there is an increasing demand for solutions that offer vulnerability scanning, patching, upgrades, configuration enforcement, and change control. As a result, vendors are expected to introduce customized and advanced utilities security products, thereby contributing to the growth of the market.

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.

Key vendors:

• Axis Communications
• Bosch Security Systems
• Honeywell Security
• Qognify
• Tyco International

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market description

PART 06: Assumptions

PART 07: Market landscape

PART 08: Life cycle analysis

PART 09: Market segmentation by product

PART 10: Market segmentation by end-user

PART 11: Geographical segmentation

PART 12: Market attractiveness

PART 13: Buying criteria

PART 14: Market drivers

PART 15: Impact of drivers

PART 16: Market challenges

PART 17: Impact of drivers and challenges

PART 18: Market trends

PART 19: Impact of trends

PART 20: Five forces model

PART 21: Key vendor analysis

PART 22: Distribution Channel

For more information visit http://www.researchandmarkets.com/research/8z6phr/global_utilities

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SOURCE Research and Markets