Global Smart Grid Cybersecurity Market Poised for Growth

The global smart grid cybersecurity market is projected to grow at a CAGR of 13% by 2022, backed by increasing number of government initiatives towards modernizing power infrastructure and rising number of cyberattacks on Critical National Infrastructure (CIP) across the globe.  Such are the findings of a recent report by TechSci Research.

Moreover, increasing need for securing Home Area Network (HAN) from cyberattacks, presence of security standards for ensuring privacy and data protection of users, and growing number of connected devices in smart grid network is expected to boost demand for cybersecurity in smart grid infrastructure.

Increasing deployment of smart meters and growing complexity of cyberthreats are further anticipated to provide opportunities to cybersecurity companies to target their services towards power companies over the coming years.

For more details on the report, click here.

---------------------------------------------------------------------------