Global Critical Infrastructure Protection Market is Expected to reach $163.8 billion by 2022 growing at a CAGR of 8.1% from 2015 to 2022
Global Critical Infrastructure Protection Market is valued at $94.8 billion in 2015 and is expected to reach $163.8 billion by 2022 growing at a CAGR of 8.1% from 2015 to 2022.
Pune, India – November 21, 2017 /MarketersMedia/ —
Global Critical Infrastructure Protection Market is valued at $94.8 billion in 2015 and is expected to reach $163.8 billion by 2022 growing at a CAGR of 8.1% from 2015 to 2022. Some of the key drivers for the market growth include globally existing trend of investment in the smart grids, boost in IT spending and development in the operation of automation solutions. Moreover, factors such as integrated functioning of cloud and CIP rise in cyber-attacks & cyber-crimes and well-organized policy system & implementations are also fostering market growth. However, scarcity of technical personnel, a deep understanding of industrial control system and the paucity of interoperability between products are the major factors inhibiting the growth of critical infrastructure protection market.
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North America commanded the market with more than 30% market share in 2014 and this trend is expected to persist over the forecast period as well. The market is mainly driven by the United States, which continues to grow due to its vulnerability to terrorism, cyber hacking, bio-terrorism, hijacking and other such threats. However, Asia-Pacific is expected to be the fastest growing market during the forecast period. This growth is due to rising insider attacks, increasing cyber threats along with growing investments made towards infrastructure security. Risk management service holds the larger part in CIP followed by the designing, integration and consultation segment. Among applications, energy and power segment occupies the maximum market share.
Some of the key players in the market include IBM, Zareba Security, Waterfall Security Solutions Ltd, Thales Group, Raytheon Company, Northrop Grumman, NextNine, Mcafee, Inc, Lockheed Martin Corporation, Kaspersky Lab, Integraph Corporation, Honeywell International Inc, Hikvision Digital Technology Co. Ltd, General Electric, General Dynamics Corporation, EMC Corporation, Cisco, BAE Systems, Axis communication AB and Airbus Group SE.
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Applications Covered:
Enterprises Infrastructure
IT & Telecom
Government
Defense
Banking & Insurance
Public utilities
Manufacturing
Other Enterprises Infrastructures
Transportation system
Railways
Roadways
Airways
Seaports
Energy and Power
Power Production
Power Grids
Other Applications
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Security Technologies Covered:
Vehicle Identification Management
Building Management Systems
Secure Communication
Physical Security
Video Surveillance
Access Control
Scanning and Screening
Surveillance systems
Software
Physical Security Information Management (PSIM)
Physical Identity and Access Management (PIAM)
Alarms and notification systems
Network Security
Radars
Supervisory Control and Data Acquisition Security (SCADA) Security
Chemical, Biological, Radiological and Nuclear Defense (CBRNE)
Cyber security
Other Security Technologies
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