Energy Security (Nuclear, Thermal and Hydro, Oil And Gas, Renewable Energy) Market Expected to Reach $67.90 Billion By 2018 - Report by MarketsandMarkets
(PRWEB) November 09, 2014 -- The report "Energy Security Market by Power Plants (Nuclear, Thermal And Hydro, Oil And Gas And Renewable Energy), By Technologies (Physical, Network Security), Professional Services - Global Advancements, Forecasts & Analysis - 2018", segments the global energy security market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints for this market with insights into trends, opportunities, and challenges.
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Browse more than 174 market data tables 37 figures spread through 287 pages and in-depth TOC on "Energy Security Market by Power Plants (Nuclear, Thermal And Hydro, Oil And Gas And Renewable Energy), By Technologies (Physical, Network Security), Professional Services - Global Advancements, Forecasts & Analysis - 2018".
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MarketsandMarkets has segmented the global energy security by type of power plants: nuclear energy security, oil and gas energy, thermal and hydro power, renewable energy; by type of solutions: physical security solutions, network security solutions; by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA).
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There has been a significant rise in the threats and attacks on critical infrastructures all over the globe. The power plants and energy resources are also not detached from these attacks and they are posing major threats. These attacks are typical physical attacks on the facilities and cyber attacks on the networks. To safeguard the power plants and the total energy sector, almost every country and the power companies are turning towards robust energy security solutions.
The major companies which are providing dedicated energy security solutions also include physical & network security and cyber security solutions to safeguard the power plants. The solutions provided are highly sophisticated and provides a strong fortification to the facilities from outside threats and vulnerabilities. Another important driving factor for the Energy Security Market is the increased government pressure and security compliance and regulations. Governments of both developed and developing nations have outlined strict measures to secure the power plants and energy facilities. The companies producing and generating energy and power have to adhere to these regulation and compliances for the overall security of the power plant. These regulations have helped the companies and the countries to safeguard the critical infrastructures.
The solutions which are available in the market are in silos and the companies have to implement these solutions according to their security protocol requirements. Foreseeing these issues, there is a large demand in the market for a complete security solution for energy security which would include physical as well as network security solutions. This demand is also driving the overall energy security market across the globe. There has always been more emphasis on securing the facility from outside attacks and threats. But in recent times, there has been an increase in the insider attacks. Companies are focusing more on securing the restricted areas by implementing strict security policies. These policies are designed by security consulting companies for protecting the facilities from people who are working inside the plants. These issues have given a boost for the energy security consulting and professional services.
The growing trends have pushed the overall market of energy security. The global market for energy security is expected to grow from $49.27 Billion to $67.90 Billion, at an estimated Compound Annual Growth Rate (CAGR) of 6.6%.
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