The global critical infrastructure protection market size is expected to reach USD 177.35 billion by 2030 according to a new study by Polaris Market Research. The report “Critical Infrastructure Protection Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Solution (Physical Safety and Security, Cybersecurity); By Vertical; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Critical infrastructure protection plays a prominent role in modern society. Rising efforts to protect the nation’s assets are being prioritized on a global scale. This has fuelled the penetration of the industry since it ensures organizations are safe from cyber threats and prevents the cascading effects that are often associated with such attacks.
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Also, the increasing government regulations to utilize CIP solutions, rising cyber security breaches that pose a threat to physical systems, and the increasing need to secure OT networks are boosting the growth of the critical infrastructure protection industry during the forecast period. In addition, improving next-generation technologies and accessibility of wireless broadband in rural areas, along with the ongoing modernization of cyber and security in emerging economies, will provide lucrative growth opportunities for the industry vendors.
Based on the component, the solution segment is leading the global market and is anticipated to lead the market over the forecasting period. This is attributed to the rising adoption of critical infrastructure protection solutions among enterprises to gain strategic as well as a competitive advantage.
Whereas the service segment is registering a lucrative growth rate in the global market during the forecast period. The growth of the segment is attributed to the adoption of these technology improves the safety of various critical infrastructures such as historical places, data centers, transportation, and more, for maximizing the value of existing structures and reducing the cost of surveillance, which further fuels the growth of the market.
With the rapid evolution of cyber threats or cyber-attacks in modern critical infrastructure, there is a growing requirement for the protection of the industrial control systems and supervisory control and data acquisition (SCADA) systems to maintain continuous operations and performance. Such incidences will pave the demand for the critical infrastructure protection industry worldwide. Furthermore, the disruptions in the electricity system, manufacturing, IT, and transportation have a prominent influence on a country’s economic stability, safety, national security, and health.
Market participants such as Motorola Solutions, Bae Systems, General Dynamics, Hexagon AB, Huawei, Airbus, Johnson Controls, Lockheed Martin, Northrop Grumman, Optasense, Raytheon, Rolta, Teltronic, Honeywell, and Thales are some of the key players operating in the global market. For instance, in October 2021, OPSWAT has unveiled a new Academy 3 comprehensive-on-demand CIP training platform to train professionals in the industry.
Polaris Market Research has segmented the critical infrastructure protection market report on the basis of component, solution, vertical, and region:
Critical Infrastructure Protection, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Critical Infrastructure Protection, Solution Outlook (Revenue - USD Billion, 2018 - 2030)
Critical Infrastructure Protection, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
Critical Infrastructure Protection, Regional Outlook (Revenue - USD Billion, 2018 - 2030)