Global Critical Infrastructure Protection Market 2016-2020

This industry research report presents a detailed segmentation of the global critical infrastructure protection solutions market by technology (cyber security and physical security), by physical security (software, alarms and notifications systems, surveillance systems, and access control systems), and by geography (the Americas, APAC, and EMEA). The key vendors in the market are Axis Communications AB, Robert Bosch, Honeywell, IBM, McAfee, and Symantec.

Overview of the global critical infrastructure protection market

Technavio’s market research analysts have estimated the global critical infrastructure protection market to grow steadily at a CAGR of more than 13% by 2020. Adoption of cloud-based services is considered to be one of the major growth drivers for this market. In addition to being cost-effective, cloud-based services offer flexibility and scalability to accommodate the varying needs of consumers. As a result, various industries have started using cloud services to store confidential data that makes it significant to have a critical infrastructure security system to prevent unauthorized access. According to this market research analysis, the growing workforce mobility will compel a number of organizations to start implementing cloud-based services for business processes, which in turn will propel the demand for this market during the forecast period.

This market study identifies the shift toward multifactor authentication as one of the major trends that will gain traction in this market in the next four years. Security issues and the difficulty in the implementation of standalone applications coupled with technological advancements led to the development of multifactor authentication technique. This uses two or more different authentication methods like biometrics, personal identification numbers, and phone-based authentication solutions. Considered to be one of the most secure critical infrastructure protection systems available in the market, this can be used to prevent unauthorized access to a computing device, database, or physical location.

Segmentation by technology and analysis of critical infrastructure protection market

• Cybersecurity
• Physical security

During 2015, the physical security segment dominated the market and according to this market research report, this segment accounted for more than 64% of the total market share. The increased need for physical security solutions to maintain homeland security will fuel the growth of this market. Additionally, the increase in organizational spending to implement physical security systems will also aid in the growth of this market.

Geographical segmentation and analysis of the critical infrastructure protection market

• Americas
• APAC
• EMEA

Accounting for almost 39% of the total market share, the Americas will dominate the critical infrastructure protection market during the forecast period. The rise in the number of cyber-attacks and the increased adoption of mobile devices for personal and professional use will increase the need for better security solutions. With advances in technology, North America is experiencing an increase in the number of cyber-attacks on sectors such as utilities and manufacturing. This has led to a high adoption of cyber security solutions. Furthermore, an increase in the adoption of mobile devices for personal and professional use has led to the increased adoption of cyber security solutions, which is positively affecting the market revenue. As the dependency on the internet, wireless technologies, and cloud-based services are high in the Americas, governments of countries such as Brazil, Peru, Chile, and Colombia are increasing their spending on cyber security solutions to prevent data theft in organizations and other critical infrastructure utilities.

Competitive landscape and key vendors

Due to the presence of several multinational vendors and small regional players, this market appears highly fragmented. Vendors often compete on the basis of product differentiation and service offerings through a unique selling proposition, which will lead to the introduction of new infrastructure security services in the market. The forecast period is also expected to see a number of acquisitions by large vendors.

The leading vendors in the market are -

• Axis Communications AB
• Robert Bosch
• Honeywell
• IBM
• McAfee
• Symantec

The other prominent vendors in the market are Assa Abloy, Avigilon, AxxonSoft, Check Point Software Technologies, CNL Software, CSC, Fortinet, Genetec, Kaspersky Lab, March Networks, MOBOTIX, Qognify, Safran, Samsung Techwin, Tyco, videoNEXT, and VidSys.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the critical infrastructure protection market?
• What are the key market trends impacting the growth of the critical infrastructure protection market?
• What are the challenges to market growth?
• Who are the key vendors in the critical infrastructure protection market?
• What are the market opportunities and threats faced by the vendors in the critical infrastructure protection market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the critical infrastructure protection market?

Technavio also offers customization on reports based on specific client requirement.

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