psalexa

Critical Infrastructure Protection Market Size, Share, Development, Growth and Demand Forecast to 2024

  • Publishing: May 2021
  • Report Code: IM10773
  • Available Format: PDF

The demand for critical infrastructure protection (CIP) is increasing rapidly, since the virtual and cyber world are exposed to innumerable threats of hacking, attacks and theft. The critical infrastructure protection solutions are being increasingly adopted by various industries such as electricity, oil and gas, telecommunication, water supply generation, transmission and distribution, agriculture, food production and distribution, financial services and security services. The need for transportation systems has always been high, however with the increasing number of transportation accidents, the safety and security concern have become highly important and a matter of concern. Some of the factors driving the growth of the global critical infrastructure protection market are growing number of adverse incidents in electric infrastructure, growing significance of disaster management information, and need for stimulating critical infrastructure protection (CIP) implementation in private sector. Within the market, consulting services segment is expected to grow at the highest rate during the forecast period, as the services provided by consultancies include analysis of infrastructures, technological know-how, required changes adopted in the management services, operational improvement services, training skills and technological implementations, which require an immediate response by all the industries.

The opportunities in the critical information protection market lies with the exploitation of the internet of things (IoT) revolution and its potential scope. IoT is also a driving factor for the physical and information security market. The physical security market consists of a wide range of products and services such as access control, biometrics, video surveillance, consulting and technical support. With increasing cyberattacks on critical infrastructure zones, the investment on physical and information security market is expected to increase during the forecast period. Critical infrastructure protection solution deploys both traditional and modern cyber security technology to ensure more reliability and better protection in the long run. The major restraint hampering the growth of the market is high cost of procurement.

Critical infrastructure protection necessitates both the provision of security from the internal and external threats and the repair of physically damaged critical infrastructure which may disrupt the services. Critical infrastructure is a term which is generally used by governments to describe assets that are essential for the functioning of a society and economy. Critical infrastructure protection is typically addressed after a major disaster has occurred to the extreme scrutiny. CIP is addressed in a preventive manner rather than in a reactive manner.

Geographically, North America has been the largest market for critical infrastructure protection, owing to strict government regulations and best practices adopted by several associations such as North American Electric Reliability Corporation (NERC) which handles critical infrastructures. The Middle East and Africa is the second largest growing region in the critical infrastructure protection market. The high market growth is due to increasing number of sensitive infrastructures and organizations in the region, which leads to increasing security needs for their critical infrastructure, resulting in flexibility against cyber-attacks. The market in Asia-Pacific is expected to witness the fastest growth during the forecast period.

Some of the key players in the global critical infrastructure protection market are BAE Systems Inc., General Dynamics Corporation, Honeywell International Inc., Lockheed Martin Corporation, Airbus Group SE, Intergraph Corporation, Intel Corporation and Waterfall Security Solutions Ltd.

Global Critical Infrastructure Protection Market Segmentation
By Technology

  • Network security
  • Physical security
  • RADARS
  • CBRNE
  • SCADA
  • Others

By Service

  • Risk management services
  • Consulting services
  • Managed services
  • Maintenance and support

By Industry Vertical

  • Energy and power
  • Transportation system
  • Sensitive infrastructure and enterprises

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws