Global Critical Infrastructure Protection Market - 2022-2029

Market Overview

The global critical infrastructure protection market was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Critical infrastructure protection refers to safeguarding a region's critical infrastructures, such as food and agriculture or transportation (CIP). Every country's government is in charge of protecting essential infrastructure from natural disasters, terrorist assaults and, increasingly, cyber threats. Throughout their entire critical infrastructure environment, critical infrastructure firms must adopt a solid architecture capable of anticipating and mitigating disaster.

Critical Infrastructure Protection (CIP) helps businesses prepare for and respond to catastrophic events that affect critical infrastructure environments and defend themselves from increasing threats. Threats can have disastrous repercussions, putting the global economy and entire communities at risk. The creation of robust and meaningful collaborations between governments and private parties is important to the success of critical infrastructure security programs. The tools used to manage and implement these projects are just as important to their success.

Market Dynamics

Increased strict government regulations to boost the implementation of CIP solutions, growing security infringements and attacks that threaten physical systems and the growing need to secure OT networks are the major factors driving the critical infrastructure protection market globally during the forecast period.

The increasing stringent government regulations for the adoption of critical infrastructure protection solutions

Power grid, manufacturing, information technology and transportation disruptions significantly influence a country's economic stability, national security, safety and health. Several governments have enacted federal legislation and regulations to develop cybersecurity standards for critical infrastructure protection. The CISA launched 55 important functions to control physical damages, operational interruptions and intellectual property breaches. The (DHS) Department of Homeland Security has teamed up with private-sector partners to develop secure infrastructure solutions.

Because private companies own and run 85 percent of vital infrastructure in U.S., the government maintains a tight relationship with them. Public Safety Canada, a cybersecurity group, has partnered with critical infrastructure stakeholders to improve the security and resilience of key assets such as food supply, energy & utilities, public safety systems and ICT. The Australian Critical Infrastructure Act 2018 keeps track of critical infrastructure assets to manage Australia's critical infrastructure threats in collaboration with the government, regulators and critical infrastructure operators.

Growing adoption of cloud technology and IoT

The cloud and the (IoT) Internet of Things are helping to drive up demand for critical infrastructure protection solutions. Critical infrastructure businesses such as communications, IT, energy and financial services have chosen cloud solutions to store personal and confidential data because cloud technology provides reliable, cost-effective and scalable solutions. According to a DHS report, 86 percent of critical infrastructure owners and operators in high-tech industries have implemented cloud solutions. The analysis demonstrated how different industries are spending on critical infrastructure using cloud services, with an estimated growth from US$ 152 billion in 2020 to US$ 223 billion by 2025.

Smart cities, infrastructure and smart grid efforts are expanding at breakneck speed. In 2020, Cisco estimated that 50 billion gadgets would be connected to the Internet of Things. The (IoTSI) Internet of Things Security Institute has produced an IoT security framework with rules to defend, control and maintain IoT security across smart cities and critical infrastructure to secure IoT connections over critical infrastructure.

High costs of installation

CIP investments are critical for preserving economic stability and boosting a country's security posture. The adoption of CIP solutions necessitates fast Central Processing Units (CPUs) and data processing tools, which raises essential infrastructure expenses. As a result, CIP solutions are an expensive option for many operators. Current CIP standards demand strong multi-factor authentication to ensure that authorized personnel has physical and logical access to vital assets. Due to limited resource availability, operators prefer multi-threat solutions to CIP systems.

For critical infrastructure firms, upfront costs like licensing, hardware requirements, help desk fees and maintenance and renewal activities are prohibitively expensive. Small and medium-sized businesses (SMEs) have limited or no resources to invest in critical infrastructure security. CIP network protection includes security solutions such as Identity and Access Management (IAM), Distributed Denial of Service (DDoS) mitigation, Intrusion Detection System (IDS), encryption and risk & compliance management, which are expensive for businesses. As a result of the high installation and maintenance costs, enterprises are hesitant to implement CIP systems in their surroundings.

COVID-19 Impact Analysis

The COVID-19 epidemic was a watershed incident that changed the way corporations looked at security. The pandemic has significantly impacted how enterprises and users receive cybersecurity and critical infrastructure protection to expedite remote workforce support and accelerate cloud adoption. With every organization implementing a work-from-home policy, demand for cloud-based technologies has increased. However, as the risk of cyber-attacks has increased due to this expansion, venture capitalists invest more in cyberinfrastructure protection.

Furthermore, during a global lockdown, the risk of an external terrorist attack rises owing to a reduction in security force movement, necessitating human-less monitoring and security of physical key infrastructures, driving up demand for critical infrastructure protection solutions. However, because many transportation services are unavailable and most tourist attractions are closed at this time, the adoption of critical infrastructure protection solutions is limited. Furthermore, the global demand for critical infrastructure protection will increase following the lockdown due to large crowds of people in numerous locations such as transport stations.

Segment Analysis

By end-user, the critical infrastructure protection market is segmented into energy & power, sensitive infrastructure, financial institutions, transportation systems and others.

The rising need for critical infrastructure protection in financial institutions

Financial services are a significant component of the country's infrastructure. Natural disasters, extensive power outages and increased frequency and sophistication of cyberattacks have highlighted the industry's vast range of possible dangers. Due to massive networking infrastructure and sensitive & critical data, the BFSI sector is experiencing repeated data breaches and cyberattacks due to the business's big client base. ATMs are vulnerable to robberies, vandalism and fraud, including threats.

The market's growth is also aided by increased customer proclivity for ATM withdrawals. For instance, the RBI- Reserve Bank of India has made it necessary for banks to install CCTV surveillance. The main goal is to discover unethical components, such as the circulation of counterfeit money in the banking system. Furthermore, activities to defend public spaces against terrorism have grown and been enhanced throughout time, emphasizing essential infrastructure protection.

Geographical Analysis

The rising adoption of critical infrastructure protection in North America

Due to the growing acceptance of CIP solutions and services across various end-user verticals, North America is expected to be a prominent market. Major players have a strong footprint in the region, which aids market expansion. Among the businesses engaged are Honeywell International Inc., Raytheon Co., General Electric Co., General Dynamics, Lockheed Martin Corporation and Northrop Grumman Corporation. Raytheon was chosen by the Department of Homeland Security (DHS) in October 2019 to assist in protecting government networks. Under a new US$1 billion deal, Raytheon will provide full lifecycle development and sustainment support.

Effective critical infrastructure security and resilience have been achieved through public-private partnerships (PPPs) and international collaborations. As per the DHS- Department of Homeland Security (DHS), the private sector owns 85 percent of vital infrastructure in U. S., including oil & gas, banking & finance, transportation, utilities, electric power grids and defense, while the government regulates the rest. The NIPP- National Infrastructure Protection Plan enables state, regional, federal, municipal and international governments to collaborate with their private sector partners to keep their critical infrastructure safe and secure.

Moreover, the National Strategy and Action Plan for Critical Infrastructure confirms a threat strategy for strengthening the resiliency of critical infrastructure components in Canada, such as electric grids, transportation, communications and public safety systems, thereby supplementing the overall market growth.

Competitive Landscape

The critical infrastructure protection market is extremely competitive because many small and major competitors operate in domestic and foreign markets. Many manufacturers respond to the increased threat of infrastructure assaults by delivering robust information security solutions.

Major global critical infrastructure protection market companies include Lockheed Martin Corporation, Honeywell International, Airbus SE, Hexagon AB, General Electric Company, Waterfall Security Solutions, General Dynamics Corporation, BAE Systems, Northrop Grumman Corp. and Ericsson AB.

BAE Systems

Overview: BAE Systems was created in 1999 and is based in London, UK. The firm specializes in defense and military hardware. The five business segments it works are electronic systems, cyber and intelligence, platforms and services, air and maritime. In more than 40 locations, the organization employs 89,600 professional workers. The corporation has offices in Saudi Arabia, UK, U.S., Australia and India.

Product Portfolio: The firm provides a variety of goods for various military systems and innovative electronics, information technology and customer service. BAE Systems Integrated System Technologies, BAE Systems Maritime - Submarines and BAE Systems Military Air and Information are some of the company's most important subsidiaries. BAE Systems develops access control, CCTV and video management, perimeter protection, intrusion detection and alarm panels, biometric identity and intelligent surveillance solutions for the Critical Infrastructure Protection sector.

Key Development: The military received receiver modules from BAE Systems in May 2021, allowing them to use M-code, or military code, a jam-resistant GPS signal. The components would be used to make military-grade GPS receivers for precision-guided bombs and handheld gadgets.

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Visualize the composition of the critical infrastructure protection market segmentation by component, solutions, services, end-user and region, highlighting the critical commercial assets and players.

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Target Audience 2022

Critical Infrastructure Protection Software Providers/ Buyers

Industry Investors/Investment Bankers

Transportation Systems & Research Institutes

Emerging Companies

Critical Infrastructure Software Manufacturers