Critical Infrastructure Protection Market Overview -
Critical Infrastructure Protection Market Share is Predicted to Reach US$ 164.5 Billion by 2030 Registering a CAGR of 4.20%
Critical infrastructure protection refers to the practice of safeguarding systems and assets that are critical to the functioning of society and the economy. These can include physical infrastructure, such as power plants, water treatment facilities, and transportation systems, as well as digital infrastructure, such as computer networks and data centers.
Given the importance of critical infrastructure to the well-being of society, protecting it from natural disasters, cyberattacks, or other threats is a national priority. Governments and organizations around the world work to identify potential vulnerabilities and implement measures to mitigate risks and improve resilience.
Critical infrastructure protection involves a range of activities, including risk assessments, threat analysis, incident response planning, and collaborative partnerships between public and private sector stakeholders. It has become increasingly important in the digital age, as the threat of cyberattacks on critical infrastructure has grown.
Overall, critical infrastructure protection is an essential part of modern society, ensuring that vital systems and resources remain secure and available in times of need.
In the global critical infrastructure protection market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of cloud computing technologies and increasing deployment of businesses over cloud across different countries in the region.
The global critical infrastructure protection market is projected to reach USD 220 billion at a CAGR of over 15% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC market synopsis on “Critical Infrastructure Protection Market Research Report-Forecast to 2023”.
Critical Infrastructure Protection Market Segmentation:
The critical infrastructure protection market is divided into the following segments:
- Based on the technology
- Based on the service
- Based on the vertical
Based on the technology, the market is further segmented into the following:
- Cybersecurity
- Physical security
Though each of the two has an integral part in the market, the segment that tends to dominate is the cybersecurity segment
Based on the service
Based on the service, the Critical Infrastructure Protection Market is further segmented into the following:
- Managed services
- Consulting services
- Maintenance support services
- Risk management services
Based on industry vertical
Based on the industry vertical, the market has the following subtypes:
- The energy and power segment is further classified as Oil and gas, power grids, and power generation.
- The sensitive infrastructure segment is segmented into chemical and manufacturing, government facilities, communication systems, BFSI and stadiums, and public places.
Transportation services
The transportation services are further divided into railway infrastructures, highways and bridges, airports, and seaports.
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Some of the prominent players in the global critical infrastructure protection market: BAE Systems (UK), General Dynamics Corporation (US), Honeywell International Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Group SE (Netherlands), Hexagon AB (Sweden), Johnson Controls International PLC (Republic of Ireland), Thales Group (France), Teltronic S.A. (Spain), OptaSense (UK), Motorola Solutions, Inc. (US), Huawei Technologies Co., Ltd. (China), Axis Communications AB (U.S.), Robert Bosch (Germany), IBM Corporation (U.S.), McAfee, Inc. (U.S.) and Symantec Corporation (U.S.).
Market Research Analysis:
North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing a rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. The U.S. holds the majority of the market share both in terms of revenue as well as the adoption of mobile applications.
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