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The global critical infrastructure protection market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Critical infrastructure protection (CIP) refers to a security solution used for safeguarding systems, assets and networks from potential threats. It consists of various solutions, such as firewalls, identity and access management, risk and compliance management, antiviruses, intrusion detection systems and encryption systems. These systems protect information related to power grids, railways, nuclear plants and hydro plants from cyberattacks that can threaten public safety, attack national security or cause environmental disasters. CIP solutions also use wireless technology, industrial control systems (ICS), operation technology (OT) and Supervisory Control and Data Acquisition (SCADA) systems to expose additional security vulnerabilities.
The increasing instances of security breaches and cyber-attacks that pose a threat to infrastructural development across the globe are among the key factors driving the growth of the market. The rising concerns for the security and safety of government information and the increasing trend of Bring-Your-Own-Devices (BYOD) across industries have enhanced the requirement for CIP systems. The rapidly expanding internet and interconnected network architecture have influenced federal and security organizations to safeguard cyberspace and minimize threat vulnerabilities. Additionally, various technological advancements, such as the advent of the Internet of Things (IoT), big data, cloud computing and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. They offer scalable and cost-effective data security solutions, owing to which CIP solutions are widely being deployed. Other factors, including improvements in the information technology (IT) infrastructure, along with the increasing adoption of risk management services, are projected to drive the market further.
Breakup by Component:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being BAE Systems PLC, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Airbus SE, Hexagon AB, Waterfall Security Solutions, General Electric Company, McAfee Inc. (TPG Capital and Intel Corporation) and Raytheon Company (United Technologies Corporation).
|Base Year of the Analysis||2020|
|Segment Coverage||Component, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||BAE Systems PLC, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Airbus SE, Hexagon AB, Waterfall Security Solutions, General Electric Company, McAfee Inc. (TPG Capital and Intel Corporation) and Raytheon Company (United Technologies Corporation)|
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The sudden outbreak of COVID-19, in early 2020, has led to the development of new generation of critical infrastructures requiring advanced levels of security and oversight. For instance, several medical labs that weren’t considered as critical infrastructures are now under potential risk of cyber threats pertaining to breaching of vaccine-related information or financial data, thereby requiring protection.
According to the estimates by IMARC Group, the global critical infrastructure protection market is expected to grow at a CAGR of 3.5% during 2021-2026.
The growing incidences of security breaches and cyber-attacks that pose a threat to infrastructural development across the globe are among the key factors impelling the demand for critical infrastructure protection.
Various technological advancements, such as the advent of the Internet of Things (IoT), big data, cloud computing and artificial intelligence (AI) solutions, are among the key trends in the global critical infrastructure protection market.
On the basis of the component, the market has been bifurcated into solutions and services.
On the basis of the end user, the market has been bifurcated into financial institutions, government, defense, transport and logistics, energy and power, commercial sector, and others. In this segment, government accounts for the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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