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The critical infrastructure protection (CIP) market size is estimated to grow at a CAGR of 6.96% between 2022 and 2027. The market size is forecast to increase by USD 53.13 billion. The growth of the market depends on several factors, including increasing demand for integrated security solutions, increasing instances of cyber threats and physical attacks on vital infrastructure, and rising demand for compliance with government regulations and standards. Critical infrastructure protection refers to the efforts and strategies aimed at securing and safeguarding essential systems, networks, and assets that are vital for the functioning and well-being of a nation or society. It involves minimizing vulnerabilities and potential threats to critical infrastructure sectors such as energy, transportation, telecommunications, water, and healthcare.
This critical infrastructure protection market report extensively covers market segmentation by component (solutions and services), end-user (financial institutions, government, defense, telecom, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Increasing demand for integrated security solutions is the key driver for the growth of the market. One of the key factors behind the rising demand for integrated security solutions is the growing number of cyber threats targeting critical infrastructure systems. To combat this, companies are looking for integrated security solutions that can provide comprehensive protection against physical and cyber threats. In addition, the growing number of terrorist attacks targeting critical infrastructure has further fueled the need for integrated security solutions.
Moreover, integrated security solutions provide the tools and technology needed to protect these critical assets from a variety of threats, ensuring they are operational and resilient. These factors are therefore expected to increase the need for critical infrastructure protection, which will drive the growth of the global critical infrastructure protection market during the forecast period.
The rise in the adoption of smart technologies and IoT in infrastructure is the primary trend shaping the growth of the market. The growing need to improve security and protect critical infrastructure assets is one of the main factors behind the rising adoption. With the rise of cyber threats and physical attacks against critical infrastructure, more people are realizing that traditional security measures are no longer enough. Furthermore, the integration of smart technologies and IoT in critical infrastructures enables more efficient management and operations. This data can then be used to optimize resource allocation, identify maintenance needs, and improve overall operational efficiency.
Additionally, the adoption of smart technologies and IoT in critical infrastructure can result in significant cost savings. For example, intelligent transportation systems can optimize traffic, reduce fuel consumption, and improve traffic efficiency. Therefore, these factors are expected to increase the need for critical infrastructure protection, which will drive the growth of the global critical infrastructure protection market during the forecast period.
The high cost of critical infrastructure protection solutions is the main challenge that affects the growth of the market. One of the main reasons for the high cost is the complexity of the infrastructure itself. The development and implementation of such complex solutions involve considerable research, innovation, and technical expertise, all of which contribute to the overall cost. In addition, threats are constantly evolving, adding complexity and increasing costs. The need for constant adaptation and improvement requires significant investments in R&D, safety assessment, and the acquisition of innovative technologies.
Furthermore, compliance with regulations and standards also contributes to the increased costs of solutions that protect critical infrastructure. Governments and regulators apply guidelines and frameworks to ensure the security of critical infrastructure. Additional resources required to meet compliance standards and maintain required documentation will add to the total cost. As a result, these factors are expected to reduce the adoption of critical infrastructure protection, which could hamper the growth of the global critical infrastructure protection market during the forecast period.
The market share growth by the solutions segment will be significant during the forecast period. The solutions segment in the global critical infrastructure protection (CIP) market includes the deployment of emergency response systems. In serious incidents such as natural disasters or terrorist attacks, a quick and effective response is essential. Emergency response systems enable operators to quickly detect and respond to incidents, minimize the impact on infrastructure, and ensure the safety of individuals and the community.
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The solutions segment showed a gradual increase in the market share of USD 73.30 billion in 2017 and continued to grow by 2021. The Solutions segment addresses comprehensive risk assessment and management needs. By conducting a thorough risk assessment, critical infrastructure operators can identify vulnerabilities and develop mitigation strategies. Solutions in this segment can include vulnerability assessment tools, risk management software, and training programs to improve operator risk management and mitigation. Therefore, these factors are expected to boost the demand for solutions which will drive the growth of the global critical infrastructure protection market during the forecast period.
Financial institutions handle large amounts of sensitive data, including personal information and proprietary data. Therefore, it is extremely important to protect this information from cybercriminals. Encryption technologies are deployed to prevent unauthorized access and protect against data breaches. Financial institutions are also actively collaborating with government agencies and regulators to address emerging threats and comply with industry regulations. This partnership ensures the development of effective security protocols and information sharing to address evolving cyber threats and physical risks. Therefore, these factors are expected to boost the need for critical infrastructure protection in the financial institution's segment, which will drive the growth of the critical infrastructure protection market during the forecast period.
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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the key factors helping North America dominate the market is the implementation of advanced cybersecurity measures. To combat threats, North American companies have developed the most advanced security solutions, including advanced threat detection and prevention systems, secure communication networks, and mechanisms such as real-time monitoring.
Furthermore, North America has a well-established regulatory framework to ensure the protection and resilience of critical infrastructure. Government agencies, such as the Department of Homeland Security in the US and the Department of Public Safety Canada, actively work with industry stakeholders to develop and enforce strong security standards. Compliance with these standards is mandatory for organizations operating critical infrastructure in the region, thus ensuring effective safeguards are in place. Thus, such factors are expected to accelerate the growth of the critical infrastructure protection market in North America during the forecast period.
In 2020, due to the outbreak of COVID-19, the critical infrastructure protection market in North America witnessed rapid growth. The pandemic has changed end-user working scenarios, including in the information and communication technology (ICT) sector, by forcing their employees to work from home, which has further increased the need for critical infrastructure and data protection solutions. Due to the continued demand for cloud-based solutions and the extensive acceptance of solutions such as remote working in countries such as the US and Canada, the critical infrastructure protection market in North America will continue to grow during the forecast period.
The Critical Infrastructure Protection Market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Critical Infrastructure Protection Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The critical infrastructure protection market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Critical Infrastructure Protection Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.96% |
Market growth 2023-2027 |
USD 53.13 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.35 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airbus SE, AO Kaspersky Lab, Axis Communications AB, BAE Systems Plc, Broadcom Inc., General Dynamics Corp., General Electric Co., Hexagon AB, Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Lockheed Martin Corp., Luna Innovations Inc., Motorola Solutions Inc., Northrop Grumman Corp., Robert Bosch GmbH, Telefonaktiebolaget LM Ericsson, Thales Group, and Waterfall Security Solutions Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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