Market Research Report
Critical Infrastructure Protection Market by Component, Solution (Physical Safety and Security (Video Surveillance Systems, Screening and Scanning), Cybersecurity (Encryption, Threat Intelligence)), Vertical, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||934318|
|Published||Content info||190 Pages
Delivery time: 1-2 business days
|Critical Infrastructure Protection Market by Component, Solution (Physical Safety and Security (Video Surveillance Systems, Screening and Scanning), Cybersecurity (Encryption, Threat Intelligence)), Vertical, and Region - Global Forecast to 2025|
|Published: April 29, 2020||Content info: 190 Pages||
"Growing need to secure OT networks is driving the overall growth of the critical infrastructure protection market."
The global Critical Infrastructure Protection (CIP) market size is projected to grow from USD 128.9 billion in 2020 to USD 152.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. The market growth is driven by various factors, such as the growing need to secure Operational Technology (OT) networks, increased government regulations, and rising security breaches and attacks that pose a threat to physical systems.
By solution, the cybersecurity segment to grow at a higher CAGR during the forecast period
The last few years have seen a huge rise in the complexities and sophistication of financially-motivated cyberattacks especially targeted toward critical infrastructure. Critical infrastructures face greater risks of cyber threats and cyberattacks due to dependence of society on it. These cyber threats are rapidly increasing and harming critical assets of critical infrastructures. Cyberattacks on industrial sites can disrupt their functioning and result in million-dollar losses. CIP cybersecurity solutions help combat advanced threats and vulnerabilities and secure critical infrastructure. Therefore, cybersecurity plays a significant role in the CIP market. Hence, cybersecurity solutions are expected to grow at a higher CAGR during the forecast period.
By physical safety and security, the physical identity and access control segment to grow at the highest rate during the forecast period
Physical identity and access control enables organizations to streamline access requests and approval processes across multiple users and physical access systems. Identity Document (ID) management is important for the authorization and authentication of individuals within enterprise premises, so that misuse of sensitive information and data leaks can be prevented. The physical identity and access control systems are growing because of the technological advancements, such as biometrics and digital identities. Biometrics is one of the fastest-growing technologies that is used to secure the perimeter of critical infrastructures. ID management systems play a major role in almost all verticals to secure enterprise premises from unauthorized entry. Also, the management of vehicular access to critical infrastructures is also managed through Radio-Frequency Identifications (RFIDs) and tags under physical identity and access control. Hence, physical identity and access control is expected to grow at the highest CAGR.
Middle East and Africa to register the highest growth rate during the forecast period
Middle East and Africa (MEA) has a great scope for the growth of the CIP market. The CIP market in MEA is anticipated to grow significantly, due to increasing government investments in improving overall security posture and increased sophistication of cyberattacks.
Major vendors offering CIP solutions and services include BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (US), Thales (France) , Hexagon AB (Sweden), Johnson Controls (US), Huawei (China), Optasense (England), Teltronic (Spain), Motorola Solutions (US), Axis Communications (Sweden), Waterfall Security Solutions (Israel), Rolta (India), SCADAfence (Israel), Tyco International (Ireland), and 3xLogic (US). The study includes an in-depth competitive analysis of these key market players, along with their profiles, recent developments, and key market strategies.
The market study covers the CIP market size across segments. It aims at estimating the market size and the growth potential of this market across segments categorized into components, solutions, verticals, and regions. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall CIP market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
(Business Overview, Products Offered, Recent Developments, and SWOT Analysis)*
Details on Business Overview, Products Offered, Recent Developments, and SWOT Analysis might not be captured in case of unlisted companies.