Enjoy complimentary customisation on priority with our Enterprise License!
The critical infrastructure protection (CIP) market size is estimated to increase by USD 53.13 billion and grow at a CAGR of 6.96% between 2022 and 2027. 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.
To learn more about this report, View Report Sample
This 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.
The market share growth by the solutions segment will be significant during the forecast period. The solutions segment in the global 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.
Get a glance at the market contribution of various segments View Free PDF Sample
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 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 in the financial institution's segment, which will drive the growth of the market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
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 market in North America during the forecast period.
The market is witnessing rapid growth amid escalating cyberthreats targeting vital infrastructure such as communication, transportation, and energy systems. The advent of technological developments like AI, ML, IoT, and blockchain has introduced both opportunities and challenges, necessitating robust CIP solutions to safeguard against security threats and vulnerabilities. With the proliferation of IoT devices and cloud computing services, the convergence of physical and cyber systems heightens the risk of disruption from natural catastrophes and terrorist attacks. As economic security becomes intertwined with healthcare, financial institutions, and defense, the demand for comprehensive CIP solutions continues to surge, fortifying critical infrastructure against emerging threats in an increasingly interconnected world.
The market is experiencing significant growth, primarily driven by the escalating demand for integrated security solutions amidst mounting cyberthreats targeting vital infrastructure like communication, transportation, and energy systems. Companies seek comprehensive protection against physical incursions and cyber hackers, necessitating robust CIP solutions integrating artificial intelligence, machine learning, and blockchain technologies. With the proliferation of IoT devices and cloud computing services, the market addresses vulnerabilities across sectors such as energy, healthcare, and financial institutions to bolster economic security. Amidst evolving technological developments and persistent security threats, integrated security solutions emerge as crucial defenses against natural disasters, terrorist attacks, and other threats to critical infrastructure.
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, which will drive the growth of the global market during the forecast period.
The high cost of these 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 adoption, which could hamper the growth of the global market during the forecast period.
The 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 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 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.
The market is experiencing significant growth amidst escalating cyberthreats and security threats targeting vital systems like communication, energy, and water systems. With the proliferation of IoT devices and cloud computing services, cybersecurity solutions are paramount in safeguarding smart grids and smart cities against cyber hackers and cybercrimes. Geopolitical uncertainties further underscore the need for robust cybersecurity infrastructure protection encompassing AI, machine learning, and blockchain technologies. As technological developments drive cyberwarfare operations, a skilled cybersecurity workforce is essential for countering cyber threats across commercial facilities, chemical manufacturing, and oil & gas sectors, ensuring economic security and critical infrastructure protection.
Moreover, the market is witnessing significant growth driven by the imperative to safeguard vital systems against a myriad of threats, including natural catastrophes and cybersecurity breaches. As communication systems and energy systems become increasingly interconnected through cloud-based and IoT-enabled platforms, the need for robust CIP solutions is paramount. Artificial intelligence and machine learning play crucial roles in enhancing surveillance and monitoring technologies, while skilled cybersecurity personnel are essential for defending against cyber threats in the energy sector and healthcare sector. Amid geopolitical uncertainty, physical security solutions and cybersecurity experts are vital for safeguarding critical physical infrastructures and cloud-based systems against physical incursions and cyber attacks. With a focus on preventive & curative drugs and fast-track approval of diagnostics, the market addresses the evolving needs of urban infrastructure and the commercial sector, ensuring the resilience of critical infrastructure protection solutions in an era of rapid technological advancement and geopolitical volatility.
Artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) are revolutionizing industries across the globe. As these technologies continue to advance, the demand for a skilled workforce capable of navigating complex chemical, nuclear, physical, and cyber systems is increasing. This intersection of AI, ML, IoT, and skilled labor is shaping the future of various sectors, driving innovation and efficiency in both digital and physical realms.
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 forecasting, 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.