Critical Infrastructure Protection (CIP) Market by End-user into: BFSI, IT & Telecom, Energy and Power, Government and Public Sector, Education, Transportation and Others); by Solution (Cybersecurity, Physical Safety and Security); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Critical infrastructure protection market size was valued 103.3 Bn in 2021 and is expected to reach 197.8 Bn by 2031, at a CAGR of 6.7% in the forecast period.
A strong cybersecurity policy in an enterprise analyses risks and mitigates them. Implementing the CIP solution facilitates company protection and the non-interrupted operation of their vital infrastructure. It not only safeguards national physical assets such as nuclear plants but also protects intangible assets such as defense plans. In the existing environment, the preservation of critical infrastructure plays a pivotal role. Increased efforts to secure the properties of the nation are given priority worldwide. As cyber threats evolve rapidly in modern critical infrastructure, the security of SCADA systems and industrial control systems to sustain their operations and efficiency is increasingly being emphasized.
The continuing problem about emerging threats like clean water, electricity, urgent supplies, and transport, thus affecting the economy and the country is a key driver of business development. Any company can detect and minimize risks with robust cybersecurity. CIP solution ensures that essential infrastructure and organizational safety roles are continuous. Security against natural disasters and terrorist attacks in every country, including transport and government, energy, and finance infrastructure is very critical, thus the role of critical infrastructure becomes more important.
GlobalCritical Infrastructure Protection market has been segmented based on solution, application type, and location. It has been further segmented based on region into North America, Europe, Asia-Pacific, Mid East, and Africa.
Physical Safety and Security is anticipated to grow at a CAGR of XX% from 2019 to 2030
GlobalCritical Infrastructure Protection (CIP)Market is segmented by solution into Cybersecurity, Physical Safety, and Security. The security of physical properties, including hardware, software, facilities, and personal data from physical threats come under physical security and security. Ignoring these threats will cause the owner and the consumer severe damages or losses. Any vital infrastructure needs numerous physical obstacles to shield the body. Critical infrastructures must implement strategies beyond conventional protection initiatives, considering the changing threat environment. Different physical technologies for safety and protection are being incorporated in a variety of premises, including high-quality video monitoring systems and perimeter security systems, to track continuous operation.
The energy and power industry dominated the market with a 25% Market share in 2019 and is anticipated to witness significant growth in the forecasted period
Global Critical Infrastructure Protection (CIP) market is segmented by End-user into BFSI, IT & Telecom, Energy and power, government and public sector, education, transportation, and others. Industries have made a major collaborative effort worldwide to improve cyber-attack preparation and preparedness to guarantee effective safety measures. The implementation of a smart grid further rendered robust critical infrastructure security necessary to improve the safety and durability of infrastructure.
During the projected timeline it is predicted to be a good CAGR. Transport helps to enable people, food, medicine, and other goods to be transported easily, safely, and effectively in a nation and abroad. Therefore, because of the economic significance and its complex interdependence with other resources, the transport system is vital.
The upsurge in security threats:
In existing circumstances, the essential security of infrastructures plays a vital role. Increased measures to secure the properties of the country are a priority worldwide. As cyber threats in modern critical infrastructure evolve rapidly, greater focus is being put on securing the networks and industrial control systems for supervisory control and data acquisition (SCADA) to ensure continued operations and efficiency. Furthermore, a rapidly evolving architecture of the internet and the interconnected networks is prompting governments and organizations.
Factors affecting the economy:
The continuing problem about emerging threats like clean water, electricity, urgent supplies, and transport, thus affecting the economy and the country is a key driver of business development. Any company can detect and minimize risks with robust cybersecurity. CIP solution ensures that essential infrastructure and organizational safety roles are continuous. Security against natural disasters and terrorist attacks in every country, including transport and government, energy, and finance infrastructure is very critical, thus the role of critical infrastructure becomes more important.
Lack of technological knowledge
Infrastructure security technology developments have created the susceptibility to failure of equipment, physical and cyber-attacks, and human error. To protect the critical infrastructure from malicious threats, private and public entities are increasingly using technologies. Failure to acquire technological knowledge of industrial control systems and technical skills is a major factor in the global growth of the CIP market during the projected timeframe.
North America is anticipated to dominate the market with an XX% market share in 2019 growing at a CAGR of XX% over the forecasted period.
North America has well-developed and productive economies, allowing it to invest substantially in research and development (R&D) activities and thus contribute to the growth of CIP technologies. It is estimated that the presence of major players is the primary factor influencing the market growth in this area.
Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
The focus of the markets is on growing their share using mergers and acquisitions. To broaden their market range by creating cost-effectively-efficient products with improved properties, industry leaders concentrate on research and development activities. Therefore, manufacturers plan to increase their production capacity to meet the growing demand for goods. The key players are spread across the globe and prefer to carry out their activities through joint ventures.
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