Critical Infrastructure Protection is the need to protect a region’s vital infrastructures such as food and agriculture or transportation, and it is a vital part of any country that to protect these essential critical infrastructures against natural disasters, terrorist activities, and now cyber threats. With the rapid development and popularization of informatization, the foundation, importance, and strategic position of critical information infrastructure in the national economy and social development have become increasingly prominent. Countries have also issued policies and regulations to raise the security of vital infrastructure to the height of national security and began to attach importance to the protection of critical information infrastructure for network security.
The global critical infrastructure protection market size stood at USD 128.94 billion in 2019 and is projected to reach USD 167.02 billion by 2027, registering a CAGR of 3.23% during the forecast period, 2020-2027. The growing security breaches that pose a threat to physical systems, the rising demand for secure operational technology, and stringent government regulations are anticipated to fuel the demand for critical infrastructure protection across the globe. Further, growing concerns regarding advanced threats such as cutting populations off from clean water, power, transportation, and emergency supplies, is anticipated to boost the global critical infrastructure protection industry in the coming years.
Additionally, the surge in the number of cyber threats and implementation of government regulations coupled with mounting IT expenditure, deployment of automation solutions, and effective policies and regulations, these factors are expected to propel the demand for critical infrastructure protection over the coming years. Moreover, the increasing emphasis on protecting the supervisory control and data acquisition systems and industrial control systems to maintain continuous operations and performance is strengthening the market growth. The rise in investment in smart cities is positively impacting the demand. The growing need to improve transportation systems, which have witnessed the ever-increasing number of transportation accidents, safety, and security concerns, is expected to propel the demand for critical infrastructure protection. Also, the surge in the number of adversative incidents in electric infrastructure, improvement in disaster management information, and the private sector is fuelling market growth.
In today’s prevalent physical systems, connecting more devices introduces new vulnerabilities and security threats. With growing cybersecurity incidents, cybersecurity professionals are becoming powerless to address what has become the most significant threat climate than ever before. With cybersecurity incidents increasing every year, state of the art has only become more apparent as deficient. The cybersecurity risks have become a severe concern for security professionals, particularly in critical infrastructure, manufacturing, and everyday life, such as building control, medical devices, and smart grid. These factors would propel the demand for critical infrastructure protection.
Cybercrime forces are targeting operational technology (OT) and critical national infrastructure daily, in an attempt to disrupt services and cause chaos. There is s a growing awareness globally of the threat of cyber-attacks against critical infrastructure and SCADA systems. Cyber risk was the world’s number seven risk overall in 2018. In the world of critical infrastructure, OT may be used to control power stations or public transportation. OT convergence gives organizations a single view of industrial systems together with process management solutions that ensure accurate information is delivered to people, machines, switches, sensors, and devices at the right time and in the best format.
Based on components, the global critical infrastructure protection market classified into Solutions (Hardware and Software) and Services (Consulting Services, Managed Services, Risk Management Services, and Training & Support. The solutions segment captured the largest market share in 2019 and will witness to grow at a significant growth in the forecast period. It is primarily attributed to the growing use of the solution and hardware-based critical infrastructures securing information, governments, and industrial infrastructures.
Services will be the fastest-growing segment in the estimated period due to the critical infrastructure protection that provides robust security posture through comprehensive assessment services along with expert advice and risk management help in the integration of threat, vulnerability, and consequence information.
Based on solution, the global critical infrastructure protection market bifurcates into Physical Safety and Security [Video Surveillance Systems, Screening and Scanning, Physical Identity and Access Control Systems, and Perimeter Intrusion Detection Systems], and Cybersecurity [Encryption, Network Access Control and Firewalls, and Threat Intelligence)). The physical safety and security segment held a lucrative share in 2019 and projected to dominate the global critical infrastructure protection market by 2027. It helps in the protection of physical assets, such as hardware, programs, premises, and personal data, from physical threats. The physical safety and security systems are Video Surveillance Systems, Screening and Scanning, Physical Identity and Access Control Systems, and Perimeter Intrusion Detection Systems help critical infrastructure protection.
The cybersecurity will be the fastest-growing segment in the forecast period. It is owing to cybersecurity that protects various e-government or e-commerce activities, national ICT plans, and sectoral projects.
Based on industry vertical, the global critical infrastructure protection market segregated into Financial Institutions, Government, Transport and Logistics, Energy and Power, Commercial Sector, Telecom, Chemicals and Manufacturing, Oil and Gas, and Others. The commercial sector segment accounted for the largest market share in 2019 and estimated to lead the market by 2027. It is due to CIP protecting the hospitals, stadiums, theatres, auditoriums, malls, offices, and holy places, which are vital for any country’s economy.
The telecom segment will grow with a significant rate during the forecast period owing to growing usages of bring your own device (BYOD) and carry your own device (CYOD), and smartphones are very vulnerable for hackers.
Based on geography, the global critical infrastructure protection market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to capture the largest market revenue by 2027. It is owing to the presence of major companies of critical infrastructure protection solutions, growing economies such as the US and Canada, and implementation of various bodies & policies by the US government such as the Homeland Security Presidential Directive (HSPD-7) and the National Infrastructure Protection.
Asia Pacific expected to capture the highest CAGR during the forecast period. The growing use of CIP in industrial systems and defense sectors are driving the Asia-Pacific market.
Companies such BAE Systems, Lockheed Martin, General Dynamics, Northrop Grumman, Honeywell, Airbus, Raytheon, Thales, Hexagon AB, Johnson Controls, Huawei, Optasense, Teltronic, Motorola Solutions, Axis Communications, Waterfall Security Solutions, Rolta, SCADAfence, Tyco International, and 3xLogic are the key players in the global critical infrastructure protection market.
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Global Critical Infrastructure Protection Market
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