Critical Infrastructure Protection Market Worth $ 157.1 Billion By 2026


CHICAGO, June 23, 2021 / PRNewswire / – According to New Market Research Report Critical Infrastructure Protection Market by component, solution (physical safety and security (video surveillance, filtering and digitization systems) and cybersecurity (encryption, threat intelligence)), vertical and region – Global forecasts until 2026 “, published by MarketsandMarkets â„¢, post-COVID 19, critical infrastructure protection market size will grow from $ 133.3 billion in 2021 to $ 157.1 billion by 2026, at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2026.

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Increasingly stringent government regulations to increase adoption of CIP solutions, increasing security breaches and attacks pose a threat to physical systems and the growing need to secure OT networks to drive the market growth of protection of critical infrastructure across the world during the forecast period. In addition, the improvement of next-generation technologies and the availability of wireless broadband in rural areas would provide lucrative opportunities for providers in the critical infrastructure protection market.

By solution, physical security and security segment to hold the largest market size during the forecast period

Physical safety and security is the protection of physical assets, such as hardware, programs, premises, and personal data, against physical threats. Ignoring these threats can result in serious damage or loss to owners and users. Any critical infrastructure requires multiple physical barriers to provide physical protection. Terrorism and natural disasters remain the greatest challenges for the IPC. For example, in September 2019, Saudi Arabia suffered the deadliest attack on its oil facilities named Saudi Aramco. A small army of drones attacked two large oil factories in Abqaiq and Khura, destroying nearly 50% of the country’s global crude oil supply. Therefore, companies need to go beyond traditional perimeter security, clearly define security perimeters and protect secure areas with entry controls to ensure entry of authorized personnel. In november 2018, US President Donald trump established the Cybersecurity and Infrastructure Security Agency (CISA) which coordinates security and resilience efforts using trusted partnerships between the private and public sectors and provides technical assistance and assessments to federal stakeholders as well as owners and operators of infrastructure. Secure and robust security systems such as high quality CCTV systems and perimeter security systems are integrated into the premises to monitor ongoing activities in and around the premises. With the creation of video analytics as well as technologies such as thermal cameras and biometric authentication, video surveillance has improved dramatically. Some systems now use microwaves and radio waves to create perimeters that can alert security teams to threats. CCTV devices supported by video analytics software help monitor crowds in public spaces and businesses. The increased adoption of CCTV supported by facial recognition technology is seen in various application areas including border control, law enforcement, and public and government services. The physical safety and security segment includes physical identity and access control systems, perimeter intrusion systems (RADAR and sensors), video surveillance systems, filtering and scanning, and others ( facility management systems, emergency response and disaster management).

In the vertical sector, the commercial sector is expected to grow at the highest CAGR during the forecast period

The commercial sector includes sensitive areas, such as hospitals, stadiums, theaters, auditoriums, shopping malls, offices and holy places. The protection of these facilities becomes extremely important for the security and economy of countries. People are present in large numbers in these places. Even with the deployment of CCTV cameras as well as the verification of the passes of people entering the premises, this is still not enough to ensure adequate security. Minor negligence can lead to huge losses. For example, on March 25, 2020, Islamist suicide bombers and assailants armed with rifles attacked Gurudwara Har Rai Sahib (Sikh shrine) in Kabul, Afghanistan, resulting in the death of 25 people and many injuries. These harsh environments must be secured by deploying the right technology and providing the best possible information to decision makers. These critical infrastructures typically cover large areas and therefore the need for complete coverage and better operational efficiency drives the growth of this vertical.

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North America hold the largest market size during the forecast period

The North American region is made up of technologically advanced developed countries with well-developed infrastructure. Being the strongest economies in North America, the United States and Canada are the main contributors to the North American CIP market. North America is the most advanced and adaptable region in terms of adoption of security infrastructure and technological development.

The North America region includes the country analysis of the United States and Canada. Public-private partnerships (PPP) and international collaborations have led to effective security and resilience of critical infrastructure in the region. According to the Department of Homeland Security (DHS), 85% of critical infrastructure in the United States such as oil and gas, banking and finance, transportation, utilities, power grids and defense is owned by the private sector. and the rest is regulated by the public sector. The National Infrastructure Protection Plan (NIPP) enables state, regional, federal, local and international governments to work within and with their private partners for a networked community to maintain effective risk management and the security of critical infrastructure in the area. region. For example, the energy and grid sector in the region requires public, private and regulatory cooperation between DHS, the Department of Energy (DOE) and the Department of Defense (DOD) to protect their systems. of operational technology (OT) against cyber threats. International cooperation between Public Security (SP) Canada and the US DHS facilitated real-time collaborations on critical infrastructure cybersecurity issues.

The North American Electric Reliability Council (NERC) and the Canadian Electricity Association (ACE) seek to protect critical infrastructure from physical and cyber threats. NERC is a not-for-profit regulatory body responsible for protecting North America’s bulk power grid. At March 5, 2019, North America experienced the very first attack on the country’s electricity grid. The interrupted Distributed Denial of Service (DDoS) attack has hampered the utility and reliability of networks. Therefore, there is a need to regulate and monitor industrial infrastructure and perform risk assessments to analyze potential vulnerabilities of critical infrastructure system.

The main suppliers in the world Critical Infrastructure Protection Market include BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (United States), Thales (France), Hexagon AB (Sweden), Johnson Controls (United States), Huawei (China), Optasense (England), Teltronic (Spain), Motorola Solutions (United States), Axis Communications (Sweden), Cascade security solutions (Israel), Rolta (India), SCADAfence (Israel), Tyco International (Ireland), and 3xLogic (US), Sightlogic (US), Accritical Infrastructure Protectioniter Radar (US), etc.

Browse Adjacent Markets: Market Research Reports and Information Security Advice

Associated reports

Threat Intelligence Marketplace By Application (SIEM, Security Analysis, Security & Vulnerability Management, Risk & Compliance Management, Incident Response), Deployment Mode, Organization Size, Vertical & Region – Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/threat-intelligence-security-market-150715995.html

Physical security market by component (systems (PACS, PSIM, PIAM, video surveillance, fire and life safety) and services (ACAAS, VSAAS, remote monitoring, security systems integration)), organization size, vertical and region – Global forecasts until 2025
https://www.marketsandmarkets.com/Market-Reports/physical-security-market-1014.html

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