Critical Infrastructure Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Critical Infrastructure Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global critical infrastructure protection market size reached US$ 137.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 169.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global critical infrastructure protection market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component and end user.

Breakup by Component:

Solutions
Physical Security Solutions
Physical Identity and Access Control Systems
Perimeter Intrusion Detection Systems
Video Surveillance Systems
Screening and Scanning
Others
Cyber Security Solutions
Encryption
Network Access Control and Firewall
Threat Intelligence
Others
Services
Designing and Integration Services
Consultation Services
Risk Management Services
Maintenance and Support Services

Breakup by End User:

Financial Institutions
Government
Defense
Transport and Logistics
Energy and Power
Commercial Sector
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
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).

Key Questions Answered in This Report
1. What was the size of the global critical infrastructure protection market in 2022?
2. What is the expected growth rate of the global critical infrastructure protection market during 2023-2028?
3. What is the impact of COVID-19 on the global critical infrastructure protection market?
4. What are the key factors driving the global critical infrastructure protection market?
5. What is the breakup of the global critical infrastructure protection market based on the component?
6. What is the breakup of global critical infrastructure protection market based on the end user?
7. What are the key regions in the global critical infrastructure protection market?
8. Who are the key players/companies in the global critical infrastructure protection market?