Critical Infrastructure Protection (CIP) Market By Security Technology (Network Security, Physical Security, Radars, CBRNE [Chemical, Biological, Radiological, Nuclear, & High Yield Explosives], Vehicle Identification Management, Secure Communication, And SCADA Security), By Service (Consulting, Manage, Risk Management, Maintenance, And Support), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Critical Infrastructure Protection Market size accounted 128.9 USD billion in 2020 and is expected to reach 173.2 USD billion by 2030 growing with a CAGR of 3% during the forecast period.Critical infrastructure protection is preparedness and response to the serious and destructive incidents that involve critical infrastructure of that nation or region. CIP is a very essential program to ensure the safety or security of the vulnerable and interconnected infrastructures. Some of the critical infrastructures are transport networks, power grid, and information & communication systems. All these are essential to continue and maintain the vital societal functions. Cyber-attack on these infrastructures has been increasing rapidly in the past couple of years which causes the system to shut down, disrupt the operation of the system, or enables the attacker to control the system remotely. Many organizations and enterprises are adopting the CIP to protect their infrastructure from cyber-attacks and hazards. This system utilizes various technologies which include network security, physical security, CBRNE protection, radar technology, vehicle identification management, and others. According to Kaspersky lab, in 2018 within the first six months, 41.2% of systems were attacked at least once which is an increase from 36.6% in the first half of 2017. Due to growing terrorist attacks and increasing government initiations across the world for prevention of critical infrastructures such as the establishment of the National Critical Information Infrastructure Protection Centre (NCIIPC) from the government of India, to protect infrastructures from the attack. All these factors will support the growth of the market.

Market Segmentation:

On the basis of security technology, the critical infrastructure protection market is segmented into network security, physical security, radars, CBRINE, vehicle identification management, secure communication, and SCADA security. On the basis of service, the market is segmented into consulting, manage, risk management, maintenance, and support. And by region, the critical infrastructure protection market is segmented into North America, Europe, Asia Pacific, and RoW.

Market Dynamics and Factors:

Growing terrorist threats and advancements in technology are some of the major drivers of the critical infrastructure protection market. Government initiation for the protection of the critical infrastructures further fuelling the market growth. In addition to that, the growing use of cloud technology has increased the risks of the cybercrimes and need for cybersecurity. In order to establish cybersecurity governments across the world have introduced stringent laws and regulations. For instance, the European Union has executed the GDPR (General Data Protection Regulation) to protect the confidential data and reduce cybercrime across the region. In order to follow these regulations companies adopt the CIP system. However, the lack of technological advancement in certain regions may hinder the growth of the critical infrastructure protection market. Updating government regulations as per increasing threats will create more opportunities in the future for critical infrastructure protection industry.

Geographic Analysis:

North America has dominated the critical infrastructure protection market and expected to continue its dominance in upcoming years with advancement in technology. Moreover, it was the first to execute the concept which accounts the critical infrastructure protection market shares of 30.00% globally, in terms of revenue. With the help of smart grid technology, they keep computers connected, prevent power failure, and execute the self-repair. Europe has also expected to experience rapid growth during the forecast period due to high critical infrastructure presence in the region and an increase in the terrorist activities. Asia Pacific will experience significant growth owing to an increase in terrorist attacks in the region and adoption of the advanced technology in emerging countries like India and China.

Competitive Scenario:

Key players in the global critical infrastructure protection industry are IBM Corporation, McAfee, Robert Bosch, Honeywell, Axis Communications AB, BAE System Plc., General Dynamics Mission Systems, Cisco Systems Inc., Symantec, and Kaspersky Lab.

Critical Infrastructure Protection (CIP) Market Report Scope