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5 Market Overview (Page No. - 35) 5.1 Introduction 5.2 New Technologies in Power Systems 5.3 Market Dynamics 5.4 Drivers 5.4.1 Reduction in Overall Project Time & Cost 5.4.2 Rising Adoption of IoT & Cloud Platforms 5.4.3 Booming Power Sector & Augmented Power Generation Capacities Worldwide 5.5 Restraints 5.5.1 Risk to Data Security 5.6 Opportunities 5.6.1 Growing Smart Manufacturing Capabilities Especially in Middle East 5.6.2 Development of Smart Cities 5.7 Challenges 5.7.1 Stagnant Growth of the Oil & Gas Industry 5.7.2 Slowdown in the Mining Industry in Asia Pacific, South America, & Africa

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