Critical Infrastructure Protection Market

Critical Infrastructure Protection Market was valued at USD 129 Billion in 2020 and projected to grow at 3.6% CAGR during the forecast period.

Critical Infrastructure Protection Market Overview

Critical Infrastructure Protection (CIP) is related to the preparedness and responsibility of every government in every nation to protect essential critical infrastructure against natural disasters, terrorist activities, and cyber threats. Large-scale and structured infrastructure is critical for ensuring the effective functioning of the economy. It is an essential factor in deciding the condition of economic activities which help develop a country.

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Major Critical Infrastructure Protection Market Drivers

Rising security breaches and attacks create a threat to the physical system. Disturbances such as manufacturing, IT, and transportation can seriously impact national security and economic stability. Increasing strict government regulations to increase the adoption of CIP solutions and the growing need to secure operation technology networks can be some of the major factors expected to drive the Critical Infrastructure Protection market size. Moreover, upgrading next-generation technologies and the availability of wireless broadband facilities in rural areas will provide abundant opportunities for the critical infrastructure protection market, which may further support the growth of the Critical Infrastructure Protection market.

Additionally, advanced technologies such as the cloud and Internet of things (IoT) are adopted worldwide. Cloud technology is reliable, cost-effective, and upgradable, due to which critical infrastructure industries such as IT, Component, energy have adopted cloud solutions to store personal and professional data. IoT initiatives such as smart cities, innovative infrastructure, the smart grid is advancing rapidly. To secure IoT connections with critical infrastructure, Internet of Things Security Institute has released a framework to protect, control, and maintain IoT security in smart cities and critical infrastructure.

Restraint in the Critical Infrastructure Protection Market

However, the deployment of Critical Infrastructure Protection is expensive for small and medium-sized enterprises as it requires fast processors and tools for data processing. The advanced critical infrastructure protection requires strong multi-function authentication to confirm that the authorized person has access to the critical assets. For instance, hardware requirements, licenses, help desk costs, maintenance, and renewal activities are expensive. Therefore, high installation expenses can be a restriction in the growth of the Critical Infrastructure Protection market.

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Solution- Segment Analysis

Based on the solution, Physical safety and security will have the largest market size over the forecast period. Crowds in public places are monitored using video surveillance devices and video analytics software. Increasing adoption of face recognition technology in various application domains such as border control, law enforcement, and public utilities are helping market growth. For instance, the physical safety and security system includes security systems, video surveillance systems, screening and scanning, RADARs, and sensors. They can be a crucial factor for the segment’s vigorous growth.

Component- Segment Analysis

Based on components, the Operation Technology (OT) segment is expected to grow at the highest CAGR during the forecast period. The increased adoption of cybersecurity in industries and other operational technology systems is attributed to the segment’s rise. Electronics and digital technologies are introduced over time which has excellent use in an operational control system. OT devices or sensors gather real-world conditions such as temperature, pressure, and chemical composition. For instance, a wind turbine is industrial equipment necessary to generate power and connect that power to the grid. An OT device or sensors in a wind turbine can detect wind direction and intensity to a centralized controlling location. OT helps in configuring current weather and maintenance performance based on operating time and condition sensor data.

Vertical- Segment Analysis

Based on vertical, the commercial sector is expected to witness the Critical Infrastructure Protection market growth during the forecast period. Commercial sectors such as hospitals, malls, auditoriums, workplaces, stadiums are a critical concern for the country’s security. Installation of CCTV cameras and screening of people is not sufficient for effective security. Deployment of appropriate technology and giving decision-makers up-to-date information on the infrastructure to cover wide areas can improve operational efficiencies, which will further drive the expansion of this segment. For instance, WeSecureApp offers high-end solutions to solve critical challenges in the network, applications, and cloud security space in different domains.

Region- Segment Analysis

Based on region, North America is projected to grow at highest CAGR over the forecast period. The region adopts innovative grid technology to prevent power failure and stay connected to promote self-repair among the computers. The implementation of national strategies and action plans in critical infrastructure has acknowledged a risk-based approach to supplement overall market growth by enhancing the resilience of Canada’s core assets and systems. For instance, Canada has associated three objectives in the National Strategy: building partnerships, sharing, protecting information, and implementing an all-hazard risk management approach.

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Top Market Players:

Some of the key players operating in the Critical Infrastructure Protection market are BAE Systems PLC, Honeywell International Inc., Raytheon Co., Airbus SE, Hexagon AB, Johnson Controls, Lockheed Martin, Northrop Grumman, General Dynamics, Huawei, and many others. 

Key Developments:

• • In 2020, Kuwait International Petroleum Industries Company (KIPIC) collaborated with Honeywell International, signing a five-year, multi-million-dollar contract for services to protect, optimize, and maintain operations at AI Zero refinery and Liquified natural gas import in southern Kuwait.

Segments covered in the Report:

The Critical Infrastructure Protection Market has been segmented based on Solution, Component, Vertical, and region. Based on Solution, the market is segmented into Physical Safety & Security, Cybersecurity. Based on Component, market is segmented into Security Technologies and services. Based on Vertical, market is segmented into Transportation, Financial Institutions, Commercial, Power and Energy and Others. 

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Market Segmentation

Critical Infrastructure Protection Market by Solution

• • Physical Safety & Security
    • Video surveillance system
    • Screening & Scanning
  • Cybersecurity
    • Encryption
    • Threat intelligence

Critical Infrastructure Protection Market by Component

• • Operational Technology
  • Services
    • Professional Services
    • Managed Services

Critical Infrastructure Protection Market by Vertical

• • Transportation
  • Financial Institutions
  • Commercial
  • Power and Energy
  • Others

Critical Infrastructure Protection Market by Region

• • North America Critical Infrastructure Protection Market (Option 1: As a part of the free 25% customization)

    • North America Critical Infrastructure Protection Market by Solution
    • North America Critical Infrastructure Protection Market by Component
    • North America Critical Infrastructure Protection Market by Vertical
    • US Critical Infrastructure Protection Market All-Up
    • Canada Critical Infrastructure Protection Market All-Up

  • Europe Critical Infrastructure Protection Market (Option 2: As a part of the free 25% customization)

    • Europe Critical Infrastructure Protection Market by Solution
    • Europe Critical Infrastructure Protection Market by Component
    • Europe Critical Infrastructure Protection Market by Vertical
    • UK Critical Infrastructure Protection Market All-Up
    • Germany Critical Infrastructure Protection Market All-Up
    • France Critical Infrastructure Protection Market All-Up
    • Spain Critical Infrastructure Protection Market All-Up
    • Rest of Europe Critical Infrastructure Protection Market All-Up

  • Asia-Pacific Critical Infrastructure Protection Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Critical Infrastructure Protection Market by Solution
    • Asia-Pacific Critical Infrastructure Protection Market by Component
    • Asia-Pacific Critical Infrastructure Protection Market by Vertical
    • China Critical Infrastructure Protection Market All-Up
    • India Critical Infrastructure Protection Market All-Up
    • Japan Critical Infrastructure Protection Market All-Up
    • Rest of APAC Critical Infrastructure Protection Market All-Up

  • RoW Critical Infrastructure Protection Market (Option 4: As a part of the free 25% customization)

    • RoW Critical Infrastructure Protection Market by Solution
    • RoW Critical Infrastructure Protection Market by Component
    • RoW Critical Infrastructure Protection Market by Vertical
    • Brazil Critical Infrastructure Protection Market All-Up
    • South Africa Critical Infrastructure Protection Market All-Up
    • Saudi Arabia Critical Infrastructure Protection Market All-Up
    • UAE Critical Infrastructure Protection Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Critical Infrastructure Protection Market All-Up

Major Players Operating in the Critical Infrastructure Protection market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BAE Systems PLC
  • Honeywell International Inc.
  • Raytheon Co.
  • Airbus SE
  • Hexagon AB
  • Johnson Controls
  • Lockheed Martin
  • Northrop Grumman
  • General Dynamics
  • Huawei