DALLAS, March 17, 2015 /PRNewswire/ --
SandlerResearch.org adds Global Utility Infrastructure Security Market 2015-2019 is a new research report added to its store. To calculate the market size, the report considers the revenue generated from the sale of the following applications: Surveillance systems, Access control systems, Perimeter intrusion prevention systems, Security software and Cloud-based services.
According to report "Global Utility Infrastructure Security Market 2015-2019", one key trend upcoming in this market is the high adoption of security solutions in developing regions. The number of critical infrastructures is expected to increase significantly in the APAC region and steadily in the MEA region and Latin America during the forecast period. This is expected to lead to an increase in the installations of security solutions to safeguard these infrastructures from physical and cyber threats. Currently, critical infrastructures exist in parts of North America and Europe, leading to a high adoption of security solutions in these regions.
Analysts forecast the Global Utility Infrastructure Security market to grow at a CAGR of 4.53% over the period 2014-2019. According to the report, increased demand for cybersecurity is one of the key drivers of this market. The rising instances of criminal activities, thefts, and unauthorized access have led to the loss of critical and confidential data. The leakage of data may damage the brand value of an organization, leading to the high cost of a compromised network.
Utility infrastructure constitutes a major part of critical infrastructure. The number of critical infrastructures worldwide would see a marked increase during the forecast period. These include oil and gas manufacturing sites, water distribution and sanitation sites, nuclear facilities, and energy maintenance sites. These infrastructures are considered high-value construction projects and, therefore, security has gained paramount importance among various countries because of a considerable increase in cyber-attacks over the years. Increased online criminal activity has forced various countries to impose strict regulations to secure their critical infrastructures.
Physical security involves securing an organization's data, hardware, network, and programs from external threats; it helps organizations preserve their brand value and protects them from external threats such as burglary, data theft, and terrorism. Government organizations and enterprises worldwide are increasingly adopting a variety of hardware devices and software to ensure physical security of their business-critical data. This stems from increased criminal activity in recent years.
Cybersecurity focuses on protecting an organization's network from hackers and other network intruders. It has gained increased traction among government institutions and enterprises, which involve transmission of huge volumes of confidential data; these data could be the financial data of an organization.
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The report covers the present scenario and the growth prospects of the Global Utility Infrastructure Security market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sale of the following applications: Surveillance systems, Access control systems, Perimeter intrusion prevention systems, Security software and Cloud-based services.
The report Global Utility Infrastructure Security Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape and lists growth prospects. The report includes a discussion of the key vendors operating in this market.
The Global Utility Infrastructure Security market is segmented based on the following:
- End-user: Oil and Gas and Electricity
- Products: Physical Security and Cybersecurity
The report recognizes the following companies as the key players in the Global Utility Infrastructure Security Market: Axis Communications AB, Bosch Security Systems, Honeywell Security Group, Lockheed Martin Corp., NICE Systems Ltd. and Schneider Electric SE.
Other Prominent Vendors in the market are: Accenture, AlienVault, Anixter, Cisco Systems, CSC, DvTel, GE, General Dynamics, HP, IBM, McAfee, Northrop Grumman, Siemens and Symantec.
Further, the report states that one of the major challenges that the market faces is the requirement for high initial investment. End-users are required to spend heavily in the initial stages of setting up the security of a critical infrastructure. Small companies find it difficult to bear the high initial costs. TCO would also include replacement and upgrade costs of devices along with the cost incurred for professional expertise.
Other Related Report:
Global Homeland Security Market 2015-2019: An increased focus on public safety and security is one major trend in this market. With the rise in terrorist attacks, the need for public safety and security is becoming a prime concern globally. Homeland security systems are required to detect weapons, bombs, or any other machine that could harm a person or a place. Therefore, the growing need for public safety and security is accelerating the growth of the Global Homeland Security market.
The recognizes the following companies as the key players in the Global Homeland Security Market: BAE Systems Inc., General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co
Other Prominent Vendors in the market are: Accenture, AeroVironment, Boeing, Booz Allen Hamilton, Bruker, DRS Technologies, Elbit Systems, General Atomics Aeronautical Systems, GE Aviation, IBM, L-3 Communications, Safran, Textron Marine and Land Systems, Thales Group and Unisys.
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