Europe Smart Grid Security Market

Looking forward, the Europe smart grid security market is expected to continue its robust growth during the forecast period (2021-2026).

STE R SHERIDAN, WYOMING, UNITED STATES, February 2, 2022 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “Europe Smart Grid Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Europe smart grid security market reached a strong growth in 2020. Smart grid security refers to a system that secures efficient, reliable, cost-effective, and clean energy distribution throughout the grid. It involves integrated communications systems, advanced control methods, and enhanced sensing and measurement interfaces for measurement and sensing.

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The increasing adoption of smart grid technology represents the primary factor bolstering the Europe smart security grid market. Smart grid security facilitates a stable and reliable power system operation during contingency situations in case of any critical power system component failure. Furthermore, the European Union (EU) has also set a target for reducing greenhouse gases by 20% to meet its energy needs while using renewable energy sources. This has also escalated the demand for innovative grid security solutions across the region. Moreover, several technological advancements, such as the integration of the internet of things (IoT) and connected devices with smart grid security systems, ensure data privacy and protection. On account of these factors, the market is expected to witness positive growth in the near future. Looking forward, the market is expected to continue its robust growth during the forecast period (2021-2026).

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Segmentation:

Breakup by Component:

Solution
Encryption
Antivirus and Antimalware
Identity and Access Management (IAM)
Firewall
Others
Services
Managed Services
Professional Services
Others

Breakup by Subsystem:

Demand Response System
Supervisory Control and Data Acquisition (SCADA)/ Industrial Control System (ICS)
Home Energy Management System
Advanced Metering Infrastructure
Others

Breakup by Deployment Type:

Cloud-based
On-premise

Breakup by Security Type:

Endpoint Security
Application Security
Database Security
Network Security
Others

Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

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Key highlights of the report:                                                    

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Services Private Limited
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