A smart grid is defined as an electrical grid that comprises several energy as well as operational processes such as renewable and energy efficient resources. As the smart grid functions with the aid of the internet, it can be vulnerable to specific cyber-attacks. Regardless of this, there are several advantages to the implementation of smart grid technologies, such as the increased data resilience, enhanced network stability as well as the formation of network compliance.
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The growing number of cyber-attacks has caused a need for integration of cyber security solutions such as smart grid IT. The evolution of systems such as smart grids has aided in the assurance of cyber safety for businesses that would otherwise remain vulnerable. This factor has led to the growth of the smart grid security market whereas factors like less awareness when it comes to security when it comes to smart grid stakeholders, as well as the necessity to maintain the cyber security standards, are restraining the growth of the smart security market.
The major players in the market are as follows:
Cisco Systems, Inc.
Elster Solutions
Intel Security (Mcafee)
N-Dimension Solutions, Inc.
IBM Corporation
Symantec Corporation
Leidos
Siemens AG
Alertenterprise
BAE Systems PLC
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