The Global Critical Infrastructure Protection Market to Witness Growth at CAGR of 6.40% by 2028

Triton Market Research presents the Global Critical Infrastructure Protection Market report segmented by Services (Designing, Integration, and Consultation; Risk Management Services; Maintenance and Support; Managed Services), by Security Technology (Network Security; Physical Security [Video Surveillance; Screening and Scanning; Access Control; PSIM and PIAM]; Secure Communications; Vehicle Identification Systems; Building Management Systems; RADAR; CBRNE; SCADA Security), by Vertical (Transportation; Energy and Power; Sensitive Infrastructure and Enterprises), and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary, Industry Outlook, Key Insights, Porter's Five Forces Analysis, Value Chain Analysis, Industry Policies, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

As per a report by Triton Market Research, the Global Critical Infrastructure Protection Market is likely to progress at a CAGR of 6.40% during the forecast period (2021-2028).

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Critical infrastructure plays a dynamic role in shaping the modern society by supporting seamless assimilation and progression. The performance, maintenance, reliability, continuous operation, safety, and protection of critical infrastructure are national priorities for countries across the world.

The risk environment, which impacts critical infrastructural networks, is complex and uncertain.

Over the last ten years, there has been a significant evolution of threats and vulnerabilities.

Critical infrastructure has been exposed to risks like physical threats and natural disasters for long. However, it is only recently that cyber risks have been thrown into the mix.

The widespread availability and accessibility of internet applications have produced some positive as well as some negative trends in the cyberspace.

One of the main negative trends being the rise in the number of next-generation offenders such as cybercriminals. This is considered to be the highest contributing factor to the CIP market's development. However, the lack of in-depth understanding of the functioning of industrial control systems is severely impeding market growth.

The market in the Asia-Pacific is expected to showcase the fastest growth rate globally in the projected phase. There has been a rise in recent years regarding advanced threats such as cutting populations off power, emergency supplies, clean water, and transportation. This severely hampers the economy. The growing concern over such threats is fueling the demand for CIP solutions in the region, in turn, fueling the market growth.

Also, the markets in nations like India, South Korea, and Japan show immense potential for growth. South Korea has a well-developed ICT infrastructure. Therefore, a plethora of opportunities exist for critical infrastructure protection vendors in the country to offer robust cybersecurity solutions for critical infrastructure.

Whereas, in India, the growing number of critical infrastructure projects being launched are creating a huge demand for CIP solutions.

Teltronic, Lockheed Martin Corporation, General Electric Company, Waterfall Security Solutions Ltd, Raytheon Co, General Dynamics Corporation, Honeywell International Inc, Northrop Grumman Corp, Hexagon AB, McAfee Inc (TPG Capital), BAE Systems Plc, Axis Communications, Ericsson AB, Kaspersky Lab Inc, and Airbus SE are the prominent names operating in this market.

In the studied market, the suppliers are also the vendors. Some of them include BAE Systems, General Dynamics, Honeywell International, Lockheed Martin Corporation, and Hexagon AB, among others. The brand identity associated with each player has a significant influence on the market dynamics. Reputed brands are synonymous with robust CIP solutions. Therefore, they enjoy an upper hand in the market. However, the firm-to-buyer concentration in this industry is low, which diminishes the vendors' bargaining power to a certain extent.

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