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Market Research Report

Critical Infrastructure Protection Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 543674
Published Content info 120 Pages
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Critical Infrastructure Protection Market - Growth, Trends, and Forecast (2019 - 2024)
Published: April 1, 2019 Content info: 120 Pages
Description

Market Overview

The critical infrastructure protection market was estimated at USD 110.141 billion in 2018. This market is expected to reach USD 170.84 billion by the end of 2024, at a CAGR of 7.77% during the forecast period (2019 - 2024). To reduce the vulnerabilities of critical infrastructures, the European Commission has launched the European Programme for Critical Infrastructure Protection (EPCIP). This is a package of measures aimed at improving the protection of critical infrastructure in Europe, across all EU States and in all relevant sectors of economic activity.

  • The Smart Grid technology helps optimize the loss of energy during transmission and distribution; ensuring a reduction in electricity consumption. The developing economies are witnessing robust growth in infrastructure development particularly in the utility sector, which has created a dire need for adherence to CIP standards, which could lead to enhanced protection from diverse security threats capable of causing insurmountable losses to the national economy.
  • Cloud is the key to risk reduction, thus there is a need for joint functioning of cloud computing and critical infrastructure protection. Virtualization, the fundamental fabric of the cloud, provides an abstraction layer between our existing physical infrastructure and the applications running on top of it. This yields several unique properties which can really transform security.
  • Industrial control systems in manufacturing, energy, chemical, and other environments are coming under an increasing number of cyber attacks, as hacking groups of all kinds attempt to breach these networks. By targeting industrial systems attackers can potentially do vast amounts of damage, ranging from using backdoors to make off with sensitive data, causing the network to shut down due to a ransomware attack, or even leading to dangerous situations and industrial systems break down, causing physical damage.

Scope of the Report

Critical infrastructure (CI) provides the essential services that underpin society and serve as the backbone of any nation's economy, health, and security. The power used in homes and industries, the potable water, the transportation, the retail stores, and the communication systems all are part of critical infrastructure.

Key Market Trends

Risk Management Services in Energy and Power Sector to Dominate the Market

  • Risk Management Services in the energy and power sector involve taking protective measures to conduct a risk reduction strategy. This segment includes aspects of risk detection, risk assessment, and risk reduction.
  • These risk mitigation measures are taken to control transfer and avoid these risks fall under the category. Prevention, protection, response, and mitigation are few of the approaches used in the industry sector.
  • The risk management services offer solutions to monitor, manage and protect critical infrastructures. Firms in the energy and power segment need to make decisions about risk management and governance programs, respond to crisis events, manage and understand regulations and government issues.
  • This requires substantial experience in understanding the complexity of vital infrastructures.

North America to Witness the Highest Growth

  • North America was among the first to adopt Critical Infrastructure Protection programs and regulations across multiple industry verticals. It also occupies the largest market share, globally, accounting for 34% of the global market in terms of revenue, and market forecasts indicate that this trend is expected to continue.
  • Additionally, the CIP Market has grown to be a mature market in the United States, where the program to ensure safety and security of critical and IT infrastructures was introduced in the year 1996.
  • In North America, the reality that operators of critical infrastructures are more confident about the safety of these structures than they should be, is the key driving factor behind the establishment of the North American Electric Reliability Corporations (NERC). It has been additionally enforced that systems and companies that do not comply with the NERC CIP v.5 requirements will be subjected to hefty and strict fines.

Competitive Landscape

With the advent of infrastructure attacks, many vendors are responding to the rising threat by offering critical information security solutions. These offerings have lead to new services, technology and partnerships with leading critical infrastructure providers.

  • November 2018 - Raytheon announced to provide full lifecycle development and sustainment support under a new contract with the Department of Homeland Security (DHS) that could be worth approximately USD 1 billion.
  • September 2018 - BAE Systems introduced Epiphany, an innovative new information security and risk management framework (RMF) capability. Epiphany is both a process and secure information management solution capable of searching an organization's historical data and automatically completing many standard compliance documents while safeguarding the processing, storing, and transmission of critical national security and weapon system information.
  • February 2018 - Honeywell announced the launch of its first industrial cybersecurity center of excellence (COE) at its Middle East headquarters in Dubai. The new COE is a pioneering technology center with a safe off-process environment to test and demonstrate process control network vulnerabilities and threats, train customers with real-time attack simulations and provide advanced customer consultations.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 47856

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
    • 4.3.1 Enormous Investments In Smart Grid Technology is Expanding the Market Growth
    • 4.3.2 Joint Functioning of Cloud Computing and Critical Infrastructure Protection
  • 4.4 Market Restraints
    • 4.4.1 Cyber Attacks on Industrial Control Systems
  • 4.5 Industry Value Chain Analysis
  • 4.6 Industry Attractiveness - Porter's Five Force Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 technology Snapshot

5 MARKET SEGMENTATION

  • 5.1 By End-user Vertical
    • 5.1.1 Energy and Power
    • 5.1.2 Transportation
    • 5.1.3 Sensitive Infrastructure and Enterprises
    • 5.1.4 Other End-user Verticals
  • 5.2 Geography
    • 5.2.1 North America
      • 5.2.1.1 United States
      • 5.2.1.2 Canada
    • 5.2.2 Europe
      • 5.2.2.1 Germany
      • 5.2.2.2 United Kingdom
      • 5.2.2.3 France
      • 5.2.2.4 Rest of Europe
    • 5.2.3 Asia-Pacific
      • 5.2.3.1 China
      • 5.2.3.2 Japan
      • 5.2.3.3 India
      • 5.2.3.4 Rest of Asia-Pacific
    • 5.2.4 Latin America
      • 5.2.4.1 Brazil
      • 5.2.4.2 Argentina
      • 5.2.4.3 Mexico
      • 5.2.4.4 Rest of Latin America
    • 5.2.5 Middle East & Africa
      • 5.2.5.1 UAE
      • 5.2.5.2 Saudi Arabia
      • 5.2.5.3 South Africa
      • 5.2.5.4 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Bae Systems PLC
    • 6.1.2 Honeywell International Inc.
    • 6.1.3 Raytheon Co.
    • 6.1.4 Airbus SE
    • 6.1.5 Intergraph Corporation
    • 6.1.6 General Electric Company
    • 6.1.7 McAfee Inc. (Intel Corporation)
    • 6.1.8 Waterfall Security Solutions
    • 6.1.9 General Dynamics Corporation
    • 6.1.10 Lockheed Martin Corporation
    • 6.1.11 Northrop Grumman Corp
    • 6.1.12 Kaspersky Lab Inc.
    • 6.1.13 Ericsson AB

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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