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Monday, July 05, 2010
Pike Research Names Wurldtech As Key Player In 3.7Billion Smart Grid Cyber Security Market
With North America and other nations around the world
transitioning their electrical systems to networked, smart grid
technology, a new report estimates that smart grid security is poised to
become a multi-billion dollar industry. According to a new report
recently released by Pike Research, between now and 2015, North America
will spend $1.5 billion–followed closely by Asia Pacific at $1.2 billion
and Europe at $784 million on smart grid security. Total global
spending is expected to reach $21 billion over the next five years. The
key piece of information lies in the estimate that 15 percent of total
investments in the grid will be for cyber security, as governments
develop ...
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