According
to a new market research report "Critical
Infrastructure Protection Market by
Security Technology (Network, Physical, Radars, CBRNE, Vehicle Identification,
Secure Communication, SCADA, Building Management), by Service, by Vertical
& by Region - Global Forecast to 2021", published by
MarketsandMarkets, The Critical Infrastructure Protection Market size is
estimated to grow from USD 102.47 Billion in
2016 to USD
144.82 Billion by 2021, at
an estimated CAGR of 7.16% from 2016 to 2021.
Browse 88 market data
Tables with 46 Figures spread through 159 Pages and in-depth TOC on "Critical Infrastructure Protection
Market"
Early buyers will
receive 10% customization on this
report.
Government regulations &
practices and increasing number of cyber threats are driving the implementation
of CIP solutions and technologies. Organizations, whether public or private,
are adopting technologies to protect their critical infrastructure against
malicious objects, make quick response to block suspicious activity, and
safeguard both cyber & physical systems.
Physical security
technology to play a key role in the Critical Infrastructure Protection Market:
Physical security technology
is expected to have the largest market share in the Critical Infrastructure
Protection Market during the forecast period as threats to physical assets,
incidence of terrorist attacks, and government regulations have made it
mandatory. Also, there has been increased budget allocation to implement
physical security systems and technologies to secure properties, resources, and
society.
Sensitive infrastructure
and enterprises vertical contributes the maximum market share:
The sensitive infrastructure
and enterprises vertical which includes Banking, Financial Services, &
Insurance (BFSI), government facilities & defense establishments, stadiums,
holy places & public places, communication systems, and chemical & manufacturing
sectors is expected to contribute the largest market share in the critical
infrastructure protection market. As these subsegments are major contributors
to a nation's infrastructures and the most critical assets present, the
vertical has the largest share in the critical infrastructure protection
market. The CIP solution allows such sensitive infrastructures to provide
security and safety to their customers.
The major vendors in the Critical Infrastructure Protection
Market are BAE Systems,
General Dynamics, Honeywell International Inc., Lockheed Martin, EMC
Corporation, Raytheon, Airbus, Intergraph Corporation, Waterfall Security
Solutions, and MacAfee, Inc.
North
America expected
to contribute the largest market share; Middle East and Africa to grow the with the highest rate :
North
America is expected to hold the largest market share in the
Critical Infrastructure Protection Market from 2016 to 2021, due to strong
government regulations and best practices building many associations to take
care of critical infrastructures, for example the North American Electric
Reliability Corporation (NERC). Middle East and Africa is the fastest-growing region for the
global Critical Infrastructure Protection Market due to growth in the number of
sensitive infrastructures and organizations in the region. This in turn leads
to high growth rate in security needs for their critical infrastructure so as
to have resilience against cyber-attacks or block unauthorized access and
threats/attacks.
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