Critical Infrastructure Protection Market may Exhibit to Reach $153.16 billion by 2022

Critical infrastructure includes import industrial assets and cyber systems which are vital to the economy of the nation. Increased instances of terrorists and cyber-attacks have compromised the safety of the critical infrastructure. Critical Infrastructure Protection (CIP) requires a mix of both physical and cyber security systems. The physical security systems include Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) systems, alarms and controls systems, radars, smart card readers, biometric readers, communication systems, and intrusion prevention systems. Network security solutions and services help enterprises to be protected from advanced threats such as malware, ransomware, Trojans, viruses, DDoS attacks, and advanced persistent threats. Technological innovation in network security solution with the help of machine learning detection, big data behavioral analytics, and artificial intelligence, is helping to safeguard enterprises from advanced protection. Increasing demand from large enterprises and Small and Medium-sized Enterprises (SMEs) for physical and cyber security across various industry verticals has boosted the demand for critical infrastructure systems, solutions, and services.

The Critical infrastructure Protection Market size is estimated to grow from USD 110.41 billion in 2017 to USD 153.16 billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 6.8%.

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The network security segment is expected to grow at the highest CAGR during the forecast period. Increased network security breaches, rise in Internet of Things (IoT) and Bring Your Own device (BYOD) trend are major reasons for the rise in network security segment. The physical security segment holds a major share of the Critical infrastructure Protection Market in 2017, as increased instances of bombing attacks in public spaces and industrial sites drive the adoption of video surveillance, access controls, alarms and controls, radars, and other intrusion detection systems in the Critical infrastructure Protection Market. Moreover, the government of various nations have set up a high budget for securing the perimeter of industrial sites and public spaces with best-in-class physical security systems and solutions.

The services segment is estimated to grow at the highest CAGR during the forecast period. The CIP services market is segmented into risk management services, consulting services, managed services, and maintenance and support services. The risk management services hold the largest market share in the Critical infrastructure Protection Market as these services help in identifying risks, implementing techniques to manage the identified risks, and monitoring the effectiveness of the implemented solutions. The consulting services segment is expected to grow at the highest CAGR as consulting services are helping clients in designing and implementing CIP programs, developing capital investment strategies, assessing and monitoring infrastructures, and meeting compliances and standards.

The sensitive infrastructures and enterprises vertical hold a major share of the market in 2017, while transportation systems vertical is estimated to grow at the highest CAGR during the forecast period. Concerns such as terrorist attacks, pirate activities, natural disasters, and accidents have increased the security challenges in terms of threat response and prevention. Various defense contractors and CIP companies have been receiving confidential contracts under which they deliver defense-grade communication systems, alarms, IDS, surveillance systems, and radars for the protection of highways and bridges, railway infrastructures, seaports, and airports.

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Middle East and Africa (MEA) is expected to grow at the highest CAGR during the forecast period, as major oil field projects are set up in MEA, which require protection from physical attacks, cyber-attacks, and natural disasters. North America is expected to contribute the largest market share in the overall Critical infrastructure Protection Market, due to the growing need of physical security for protection from criminals and terrorists; and cyber security for safeguarding critical assets from malware, ransomware, and advanced persistent threats in industry verticals such as energy and power, transportation systems, and sensitive infrastructures and enterprises.

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