Critical Infrastructure Protection Market Overview and Manufacturing Cost Structure, Global Size, Segments, Growth, Segments, Industry Profits and Trends by Forecast to 2023

Critical Infrastructure Protection Market Overview and Manufacturing Cost Structure, Global Size, Segments, Growth, Segments, Industry Profits and Trends by Forecast to 2023

“Critical Infrastructure Protection Market”
The report on the Global Critical Infrastructure Protection Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Market Synopsis

According to a new report by Market Research Future (MRFR), the global market for critical infrastructure protection (CIP) has been estimated to reach a revenue of USD 220 billion. The market is expected to expand at a CAGR of 15 % over the assessment period (2017-2023) due to the emergence of cloud-based technologies. The critical infrastructure protection comprises assessments of vulnerability, mitigation, protection, and risk.

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Future Constraints and Drivers Affecting the Market Growth

The growing demand for critical infrastructure protection across industry verticals like healthcare, retail, BFSI, manufacturing, and IT & telecommunication is expected to spur the market growth over the assessment period. With the increase in cyber-attacks and security breaches, the market is sure to grow. Moreover, the presence of technology giants namely Huawei Technologies, IBM, Honeywell International Inc., BAE Systems, Northrop Grumman Corporation, Lockheed Martin Corporation, and General Dynamics Corporation might spur the market growth over the forecast period.

Rowing implementation for cloud-based services, increasing demand for e-commerce sites and mobile applications are some of the major factors fuelling the market growth. Moreover, high investments in smart grid technologies along with rising awareness regarding surveillance and security is boosting the market growth over the assessment period. Also, the growing number of cyber threats along with strict government mandates for the safety of the nation is expected to drive the market growth.

Meanwhile, lack of knowledge related to industrial control systems and lack of technically skilled forces are acting as a plateau and might hinder the growth of critical infrastructure protection market globally.

Competition Analysis

The prominent players operating the market for critical infrastructure protection are Lockheed Martin Corporation (US), Thales Group (France), General Dynamics Corporation (US), McAfee, Inc. (U.S.), Motorola Solutions Inc. (US), BAE Systems (UK), Raytheon Company (US), Symantec Corporation (U.S.)., OptaSense (UK), Northrop Grumman Corporation (US), Huawei Technologies IBM Co. Ltd. (China), Airbus Group SE (Netherlands), Johnson Controls International PLC (Republic of Ireland), Robert Bosch (Germany), Teltronic S.A. (Spain), Honeywell International Inc. (US), IBM Corporation (U.S.), Axis Communications AB (U.S.), Hexagon AB (Sweden), and more.

Segmentation

The global Critical Infrastructure Protection Market has been segmented on the basis of service, technology, and vertical.

The market has been segmented into physical security and cybersecurity based on technology. Among these, the segment for physical security holds the largest market share and is expected to continue its dominance over the assessment period. Strict government mandates, threat to physical assets, and increasing terrorism across the world are likely to propel the market growth over the forecast period.

The market has been segmented into managed services, consulting services, maintenance & support services, and risk management based on service. Among these, the segment for managed services is anticipated to hold the largest market share, owing to the growing deployment of cloud-based services. The risk management services also account for a major market share and is expected to remain the leading segment during the review period.

The market has also been segmented into energy and power, transportation services, and sensitive infrastructures & enterprises based on vertical. The transportation system has been sub-segmented into bridges and highways, seaports, railway infrastructures, and airports. The sensitive infrastructure and enterprises have been sub-segmented into communication systems, BFSI, stadiums, & public places, chemical & manufacturing, and government facilities. The energy and power segment has also been sub-segmented into oil & gas, power generation, and power grids. Among these, the sensitive infrastructure & enterprises account for the leading share and is expected to continue its dominance over the forecasted period.

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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North America to Hold the Largest Market Share

Geographically, the critical infrastructure protection market has been spanned across regions such as North America, Asia Pacific, Europe, and Rest-of-the-World. Among these regions, North America has been witnessed to hold the largest market share due to technological advancements coupled with growing adoption of NFC enabled mobile devices. Canada and the U.S. are expected to drive the market owing to the presence of market giants such as General Dynamics Corporation, Northrop Grumman Corporation and Raytheon Company, Lockheed Martin Corporation, and Honeywell International Inc., in this region. Due to a shift towards the acceptance of cloud-based technology along with the drastic fall in usage of native applications, the market is expected to show huge growth in the coming years.

Asia Pacific has been predicted to showcase a faster adoption at the highest CAGR over the review period as compared to other regions due to increased deployment of cloud-based businesses and adoption of cloud computing technology across countries. Europe on the other hand is estimated to grow at the fastest rate over the assessment period.

Industry News

SecurityMatters and Waterfall Security Solutions together announced a global partnership in order to protect industrial control systems from cyber threats. The joint solution integrates SecurityMatters’ SilentDefense network monitoring platform with Waterfall’s Unidirectional Security Gateways to enable industries to centrally monitor industrial control networks while protecting it from cyber-attack.

LIST OF TABLES

Table 1 Global Critical Infrastructure Protection Market: By Region, 2017-2023

Table 2 North America Critical Infrastructure Protection Market: By Country, 2017-2023

Table 3 Europe Critical Infrastructure Protection Market: By Country, 2017-2023

Table 4 Asia-Pacific Critical Infrastructure Protection Market: By Country, 2017-2023

Table 5 Middle East & Africa Critical Infrastructure Protection Market: By Country, 2017-2023

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LIST OF FIGURES

FIGURE 1 Global Critical Infrastructure Protection Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Critical Infrastructure Protection Market

FIGURE 4 Value Chain Of Global Critical Infrastructure Protection Market

FIGURE 5 Share Of Global Critical Infrastructure Protection Market In 2017, By Country (In %)

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