MRFR Analysts Predict Critical Infrastructure Protection Market To Surpass USD 166.53 Billion In Revenue At A 4.20% CAGR By 2030 - Report by Market Research Future (MRFR)
Market Research Future Insights
According to MRFR analysis, the Global Critical Infrastructure Protection (CIP) market is expected to register a CAGR of ~4.20% from 2023 to 2032 and hold a value of over US$ 166.53 Billion by 2032. Critical Infrastructure Protection Market: by Technology (Cyber Security, Physical Security), Service (Consulting, Managed, Risk Management, Maintenance & Support), Vertical (Transportation Services, Energy & Power) – Forecast till 2032
Critical Infrastructure Protection (CIP) refers to the process of protecting the systems, networks, and assets that are essential for the functioning of a society and economy. This can include infrastructure such as water and power supplies, transportation systems, communication networks, and other essential services.
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CIP is concerned with identifying vulnerabilities in these systems and taking steps to prevent or mitigate the risk of disruption, damage, or destruction. This can involve physical safeguards, such as security measures and redundancy, as well as cyber protections, such as firewalls and intrusion detection systems. CIP is a critical national priority and is overseen by various government agencies and industry organizations to ensure the continued operation and safety of these critical infrastructure systems.
The CIP market is expected to continue to grow in the coming years, driven by factors such as the increasing adoption of digital technologies in infrastructure systems, rising cyber threats, and increasing government investments in CIP measures.
According to a report by Markets and Markets, the global CIP market size is expected to grow from $133.3 billion in 2021 to $157.1 billion by 2026, at a compound annual growth rate (CAGR) of 3.3% during the forecast period.
Key players
- Some of the top key market players are
- BAE Systems (U.K.),
- Symantec Corporation (US),
- General Dynamics Corporation (US),
- McAfee Inc. (U.S.),
- Honeywell International Inc. (U.S.),
- Thales Group (France),
- IBM Corporation (U.S.),
- Lockheed Martin Corporation (USA)
- Robert Bosch (Germany),
- Northrop Grumman Corporation (U.S.)
- Axis Communications AB (U.S.)
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Market Segmentation
The Global Critical Infrastructure Protection market has been segmented into based on technology, service and vertical.
Based on Technology: Cyber Security and Physical Security
Based on Service: Consulting, Managed, Risk Management, Maintenance & Support
Based on Vertical: Transportation Services, Energy & Power
Regional Analysis
Regionally, North America is expected to dominate the CIP market, due to the presence of major market players and a high level of investment in CIP measures by the government. Europe is also expected to see significant growth in the CIP market, driven by increasing awareness of cyber threats and rising investment in CIP measures.
Asia-Pacific is expected to be the fastest-growing region in the CIP market, due to the increasing adoption of digital technologies in infrastructure systems and rising cyber threats. The Middle East and Africa and Latin America are also expected to see significant growth in the CIP market, driven by increasing investment in infrastructure development and security measures.
The Critical Infrastructure Protection (CIP) market refers to the technologies and practices used to protect vital infrastructure systems, such as energy, water, transportation, and communication systems, from cyber and physical threats. The COVID-19 pandemic has had a significant impact on the CIP market, as it has increased the need for secure and reliable infrastructure systems to support remote work, online learning, and telemedicine. The pandemic has also highlighted the vulnerabilities of critical infrastructure systems and the need for enhanced protection measures.
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