Critical Infrastructure Protection Market Overview:
The global Critical Infrastructure Protection Market is showing possibilities of
registering 15% CAGR during the forecast period of 2018 to 2023. Market
Research Future (MRFR) identifies several factors that can influence the global
outcome by 2023.
Among them, security threats related to a terrorist
attack, cyber breaches, and others are prominent influencers. Countries are
also worried about attacks on these sites to weaken the government, owing to
which they are developing new plans. High investment in smart grid
technologies, the rising impact of e-commerce sites, and the inclusion of cloud
services are expected to inspire the global CIP market growth.
Competitive Landscape:
The global critical infrastructure protection (CIP)
market is getting backed by various strategic implementations of companies like
General Dynamics Corporation (US), BAE Systems (UK), Lockheed Martin
Corporation (US), Honeywell International Inc. (US), Raytheon Company (US),
Northrop Grumman Corporation (US), Hexagon AB (Sweden), Johnson Controls
International PLC (Republic of Ireland), Airbus Group SE (Netherlands),
Teltronic S.A. (Spain), Thales Group (France), Motorola Solutions, Inc. (US),
McAfee, Inc. (U.S.), OptaSense (UK), Axis Communications AB (U.S.), Huawei
Technologies IBMCo., Ltd. (China), IBM Corporation (U.S.), Robert Bosch
(Germany), and Symantec Corporation (U.S.).
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Segmentation:
The global report on the critical infrastructure
protection market has been studied by MRFR analysts based on a segmentation
that includes technology, service, and vertical. These segments reveal data
that help in making a comprehensive study of the global critical infrastructure
protection market.
By technology, the report on the critical
infrastructure protection market has been segmented into cybersecurity and
physical security.
By service, the study of the critical infrastructure
protection market includes risk management services, managed services,
consulting services, and maintenance & support services.
By vertical, the report with details of the critical
infrastructure protection market includes discussions on energy & power,
transportation services, and sensitive infrastructures & enterprises. The
transportation systems include railway infrastructures, seaports, highways and
bridges, and airports. The energy and power comprise oil & gas, power
generation, and power grids. The sensitive infrastructures and enterprises
cover industries like communication systems, BFSI, stadiums and public places,
chemical and manufacturing, and government facilities.
Regional Analysis:
North America has the largest critical
infrastructure protection market share as the US from the region is investing
much in the field. Most of the companies involved in the market are also from
the region.
Industry News:
In August 2020, the SBU Security Service of Ukraine
and the National Police announced the development of common approaches to
protect critical infrastructure facilities hat could suffer from possible
sabotage and terror attacks. This is something the authorities have noted could
become a problem as sites like these could be vulnerable to corruption abuse,
terror attacks, sabotage, and unauthorized interference. A working meeting
between SBU counterintelligence and National Police operatives revealed this
and also provided notable solutions.
In August 2020, Mocana, a company known as a
developer of cybersecurity solutions that ensure IoT and operational technology
in critical infrastructure, got a contract from the Air Force Phase II Small
Business Innovation Research (SBIR) that demands advanced cyber protection for
various military systems. This shows how vital the critical infrastructure
protection cybersecurity market has become.
The contract is worth $1.5 million and is designed
to set end-to-end digital supply chain security and provenance that would
include software development for embedded systems.
However, the global development regarding the
critical infrastructure protection market may get affected due to the COVID-19
pandemic. This outbreak has stalled various projects and disrupted the flow of
work.
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