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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