- 29 August 2018 13:50
Smart Grid Wide Area Network Market - It Is Easier Than We Thought
A wide area network (WAN) is a communication network that spans a wide geographic area, such as a city, state, or country. The WAN is used as a backhaul infrastructure for substation network applications. WAN is a high-bandwidth fiber-based communications technology such as SONET / SDH, WDM / DWDM, satellite / VSAT and microwave technology.
The increase in smart grid deployments is a key driver of growth in the global smart grid wide area network market. Other factors driving the growth of the global Smart Grid wide-area network during the forecast period include increased bandwidth, increased flexibility, and reduced infrastructure complexity.
However, large-scale implementation costs are a major factor impeding the growth of the global smart grid wide area network market. In addition, interoperability issues are expected to be another factor restraining growth in the global smart grid wide area network market. Cyber security threats are another factor that is expected to hinder global smart grid global network growth during the forecast period.
The emergence of government plans for the smart grid wide area network market is expected to create opportunities for growth in the global smart grid wide area network market during the forecast period. The Global Smart Grid wide area network market is categorized by component, service type, end user and region.