According to a new market report published by Transparency Market Research “Global Smart Grid Security Market (By Deployment – Cloud and On-Premises, By Security Type– Database Security, Network Security, Application Security, Endpoint Security, By Application – Smart Meters, Smart Application, Renewable Energy Resources and Energy Efficient Resources) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025” was valued in terms of revenue at USD 4.35 Bn in 2016 and is expected to reach USD 10.58 Bn by the end of the forecast period 2025, growing at a CAGR of 10.5% from 2017 to 2025 .
The idea of a smart grid originated from the integration of the power frameworks perspective of the power network with its comparing data systems view. The consolidated view that uses the data system to upgrade the functioning of the electricity grid is by and large what is known as the smart grid.
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