The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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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