Smart grid security investment: Where's the money going?

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As the industry focuses on smart grid cyber security, Pike Research forecasts the bulk of the investment between now and 2015 to focus on telecommunications and computer operations. However, in its new report on smart grid cyber security, the research firm identifies revenue opportunities in 10 key cyber security risk categories. “Encrypted communications and malicious software suppression are two examples of steps that utilities will take in securing their smart grid infrastructure," analyst Bob Lockhart said. "However, cyber security needs are actually much broader than these traditional segments, and the expanded requirements for grid security will drive a flurry of innovation and deployment activity within the industry.”

Quick Take: Pike correctly points out that government and regulatory compliance will drive substantial investment in smart grid cyber security, but as smart meter and EV roll outs pick up steam consumer concerns will increasingly become a factor.

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