Market Research Report
Global Critical Infrastructure Protection Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||980900|
|Published||Content info||179 Pages
Delivery time: 2-3 business days
|Global Critical Infrastructure Protection Market Forecast 2021-2028|
|Published: January 11, 2021||Content info: 179 Pages||
The global critical infrastructure protection market is projected to register a CAGR of 6.64%, over the forecast period of 2021 to 2028. The market growth is accredited to factors, such as the implementation of large-scale smart grid technology, the joint functioning of cloud computing, critical infrastructure protection, increased cyber threats, insider attacks, physical threats, and political pressure for effective regulations.
The concept of critical infrastructure protection is associated with the response and preparedness to serious incidents, involving a region or nation's critical infrastructure. Implementing large-scale smart grid technology projects identifies as one of the key factors, fueling the market growth. The technology helps minimize energy loss, particularly during distribution and transmission, and ensure reduced electrocute consumption. In addition, emerging economies have the technologies, drivers, and requirements needed for their deployment and growth.
Other vital aspects of large-scale smart grid technology include, network operations software, transmission optimization, analytics, metering infrastructure, and cybersecurity. Factors such as, information technology and infrastructure investments, integrated with transitioning regulatory requirements, impact the sector's modernization. Besides, significant growth opportunities are essentially witnessed across analytics, followed by advanced metering infrastructure, and network operations software.
The global critical infrastructure protection market growth analysis entails the assessment of the Asia Pacific, North America, Europe, Latin America, the Middle East & Africa, and the rest of the world. The Asia Pacific is set to be the fastest-growing market over the forecast years. The region's market growth is accredited to key factors, such as, strict cybersecurity laws and regulations, the increased adoption of critical infrastructure, and the rapidly augmenting digital economy.
The global critical infrastructure protection market is highly competitive, mainly due to the presence of well-established vendors. Moreover, with the growing prevalence of infrastructural attacks, vendors respond by offering critical information security solutions. Key companies operating in the market are, Airbus SE, BAE Systems PLC, Honeywell International Inc, McAfee Inc, General Electric Company, etc.