Wednesday 29 April 2015, Amsterdam
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.
The report said: “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.”
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.
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Publish date : March 2015
Report code : ASDR-184343
Pages : 100