USD 116.12 Billion
Report ID:
SQMIG40J2001 |
Region:
Global |
Published Date: August, 2024
Pages:
159
|Tables:
84
|Figures:
71
Global Critical Infrastructure Protection Market size was valued at USD 116.12 Billion in 2022 poised to grow from USD 120.38 Billion in 2023 to USD 160.62 Billion by 2031, growing at a CAGR of 3.67% in the forecast period (2024-2031).
Protecting data centers, financial institutions, government departments, public transport systems and other important local infrastructure elements are called critical infrastructure protection. A State is responsible for protecting it from the attacks of artificial computer crimes and from other natural calamities like earthquakes or floods, as it is important. All critical infrastructure sectors should have the highest level of security, and disaster preparedness, response and recovery must be top priority. Protection software for critical infrastructure is used by organizations and government authorities to protect their infrastructure and assets by analyzing upcoming natural disasters or cyber-attacks.
This stand-alone system controls the sharing of sensitive data and internet connections, two essential infrastructure functions. Organizations that are vital to the critical infrastructure have a strong foundation that allows them to foresee disasters throughout the whole environment. Critical Infrastructure Protection (CIP) assists organizations in safeguarding against an increasing array of threats and preparing for and responding to significant incidents involving critical infrastructure environments. The Critical Infrastructure Protection (CIP) market is dominated by the solution segment based on components in 2019, and this trend is expected to persist throughout the forecast period. This is explained by the development of critical infrastructure protection solutions by businesses looking to obtain a competitive and strategic edge.
Global Market Size
USD 116.12 Billion
Largest Segment
solution
Fastest Growth
services
Growth Rate
3.67%
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The Global Critical Infrastructure Protection Market is segmented based on Component, Solution and Security. Based on Component, the market is bifurcated into Solution and Service. Based on the Solution, the market is divided into Physical Safety & Security and Cybersecurity. Based on Security, the market is segmented into Operational Technology and Information Technology. Based on Region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and Middle East & Africa.
Analysis by Component
As per categorization by component, the market is classified as solution and services. Among these, solution earned the largest share and continues to dominate the market. The solution segment is now in the lead in the global critical infrastructure protection market due to its holistic approach to safeguarding essential systems. Some of the innovations include real-time threat detection, improved AI-driven monitoring, and converged security frameworks. This is as a result of its ability to provide comprehensive, preemptive security which effectively addresses various security needs.
Due to the growing need for specialized, real-time support and maintenance, the services segment of the global critical infrastructure protection market is expected to grow at the quickest rate. Improved service offerings—such as managed security services and consulting—are necessary to keep up with changing threats and propel this industry's rapid expansion.
Analysis by Security
The operational technology field is developing with sophisticated industrial-specific threat detection and response solutions. Its dominating the global market for CIP is justified by its being a critical instrument in the safeguarding of ICS from cyber-attacks as well as maintenance of crucial reliable processes’ integrity.
As information technology plays such a crucial role in protecting and managing digital assets, it is expected to develop at the quickest rate in the global critical infrastructure protection market. The necessity of improved IT solutions like cloud security and advanced analytics are driving quick growth in this area to protect complicated infrastructures from advanced cyber threats.
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The Critical Infrastructure Protection Market protection is dominated by North America due to its sophisticated technology environment, significant investment in cybersecurity, and strict regulatory frameworks. The region has greatly benefited from an impressive web of basic infrastructure industries, such as finance, transport, and power, hence accountability is indeed a must. Large state schemes such as the NIST Cybersecurity Framework provide a platform for embracing the latest security solutions. In addition, North America enjoys a significant market share in the wake of increased response to cybercrimes supported by huge investments in R&D. North America's supremacy in the industry is fueled by this mix of significant investment, governmental backing, and technological innovation.
Europe has the quickest growing Region in the world critical infrastructure protection market owing to growing regulatory demands and the rise of cyber risks. The strict regulations from the European Union such as the GDPR, NIS Directive among others require robust security measures in their various critical sectors, making it expand. Moreover, the demand for front line defense solutions is underlined by Europe’s focus on smart infrastructure and digital transformation. This is supported by significant investments in advanced technology and cybersecurity programs to secure vital resources from growing threats. Due to collaborative efforts among member countries and public-private partnerships, Europe gains momentum as a rapidly growing market leader in the use of advanced security technology.
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Drivers
Government initiatives around the world play a critical role in driving the expansion of the CIP Market sector by enforcing strict laws and encouraging cooperation between the public and private sectors. Frameworks such as the PCIl Programme and the NERC CIP standards are crucial for protecting data and controlling the security of the Bulk Electric System.
Increased investment in infrastructure, especially in vital areas like semiconductors, rail transportation, EV charging, and data centres, is driving the demand for better security strategies like CIP Market. One of the most notable instances is Siemens' substantial investment of more than $500 million in US critical infrastructure manufacturing, with an emphasis on growing production facilities to support the electrification of data centres and other essential components.
Restraints
There are many opportunities for sophisticated cyber threats to enter the virtual world, but there aren't enough skilled professionals in the field to identify and stop these attacks. Research shows that many security breaches are caused by a lack of knowledge and expertise gap in the cybersecurity field, affecting human resource management.
Organizations find it very hard to protect critical infrastructure resources. This financial commitment can be daunting for any organization that has complex systems of infrastructure. Moreover, as we need cybersecurity experts who are skilled enough, the entire cost goes up as well. It may be more difficult for smaller organizations with limited finances to absorb such a cost; hence they cannot afford to implement comprehensive security controls.
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Leading market players are investing heavily in R&D to broaden their product offerings, which will propel the growth of the Cash Flow market. New product releases, contracts, mergers and acquisitions, increased investments, and cooperation with other organisations are examples of significant market developments. In addition, market players take part in a number of calculated measures to broaden their global reach.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, Significant developments within the global Critical Infrastructure Protection (CIP) market are driven by the urgent need to protect critical systems against an increasingly diverse array of dangers. Consequently, there have been rapid changes within the sector due to cash injections among others from governments organizations into modern mitigation measures like systems that rely on AI for security plus very stringent compliance stipulations. The Services Component's expansion indicates the rising need for specialized support, while the Solution Component's supremacy shows its all-encompassing approach to protecting vital infrastructure.
A few major points of North America's advantage in terms of technology and investment and fast growth of Europe through policy changes or digitalization are the regional insights. Even though challenges ahead are several; for instance, cybersecurity staff scarcity together with budget restrictions, there still exists an expectation that it will move ahead with its development.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 116.12 Billion |
Market size value in 2031 | USD 160.62 Billion |
Growth Rate | 3.67% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Critical Infrastructure Protection Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Critical Infrastructure Protection Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Critical Infrastructure Protection Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Critical Infrastructure Protection Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG40J2001
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