Latin America Smart Grid Security Market

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

STE R SHERIDAN, WYOMING, UNITED STATES, February 3, 2022 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “Latin America Smart Grid Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Latin America smart grid security market is currently witnessing robust growth in 2020. Smart grid security refers to a digital infrastructure that protects power grids and communication, information technology (IT) and internet-connected systems. It includes encryption, firewall, antivirus, antimalware and identity and access management (IAM) solutions. Smart grid security also consists of various sub-systems, such as home energy management, advanced metering infrastructure, demand response and industrial control system (ICS). They are utilized to analyze, detect and respond to various disturbances and prevent cybersecurity attacks. These systems also aid in detecting technical energy losses and are highly efficient and cost-effective.

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The Latin America smart grid security market is primarily being driven by the increasing energy requirement among the masses. Moreover, the widespread deployment of energy-efficient smart grids for reliable and clean energy distribution across the region is driving the market growth. Various technological advancements, such as the integration of the Internet of Things (IoT) and the utilization of advanced components and control systems to reduce cyber-attacks and enhance security, are providing a thrust to the market growth. Other factors, including significant improvements in the smart grid infrastructure and the extensive utilization of renewable energy sources for power generation, are positively impacting the market growth. Looking forward, the Latin America smart grid security 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:

Brazil
Mexico
Argentina
Columbia
Chile
Peru
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.

Elena Anderson
IMARC Services Private Limited
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