The rising threat of disruption in cyber security is the major driving factor for the industry growth in the forecast period.
PORTLAND, PORTLAND, OR, UNITED STATES, November 16, 2023 /EINPresswire.com/ — The Critical Infrastructure Protection market size, at $118.19 billion in 2019, is anticipated to achieve a CIP market value of $203.09 billion by 2027, indicating a compound annual growth rate (CAGR) of 7.2% from 2020 to 2027.
The market’s expansion is propelled by the widespread adoption of advanced technologies across various organizations and a growing emphasis on enhancing critical infrastructure security and cybersecurity. Additionally, a rising demand for readiness and response to significant incidents involving a region or nation’s critical infrastructure, coupled with enterprises’ heightened awareness, contributes to the market’s upward trajectory. Furthermore, the market is poised to benefit from the escalating requirement for interactive, efficient, and cost-effective infrastructure protection systems throughout the forecast period.
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Critical Infrastructure Protection (CIP) refers to a set of strategies, policies, and measures designed to safeguard and ensure the resilience of vital systems and assets that are essential for the functioning of a society, economy, and government. These critical infrastructures encompass various sectors such as energy, transportation, water supply, communication, healthcare, and financial services. Disruption or compromise of these infrastructures could have significant and widespread consequences, including economic damage, public safety concerns, and national security threats.
Investment Opportunities for Stakeholders:
The Critical Infrastructure Protection (CIP) market presents compelling investment opportunities as the global landscape becomes increasingly interconnected and reliant on complex systems. With the escalating frequency and sophistication of cyber threats, nations and industries are recognizing the imperative to safeguard critical infrastructure such as energy grids, transportation networks, communication systems, and water supplies. Investors can explore avenues within the CIP market by focusing on innovative technologies and solutions, including advanced cybersecurity measures, threat intelligence, and physical security enhancements.
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The growing emphasis on resilience and risk management in the face of evolving threats creates a conducive environment for investment in CIP. Additionally, governments worldwide are allocating substantial budgets to fortify their critical infrastructure, providing a robust market outlook. Companies offering comprehensive, integrated solutions that address both cyber and physical threats are poised for significant growth. As nations prioritize the protection of essential assets, strategic investments in the Critical Infrastructure Protection market can yield substantial returns and contribute to the resilience of societies in an interconnected world.
The Asia-Pacific region is poised for significant growth in the forecast period, driven by robust economic expansion and ongoing advancements in national security and personal safety. Organizations in this region are making substantial investments in the Critical Infrastructure Protection (CIP) market to sustain growth and enhance productivity. The surge in digital transformation, increased cloud deployment, and technological advancements among small and medium businesses, coupled with the ongoing modernization of cyber and infrastructure security in emerging economies, contribute to this growth. Key players in the Asia-Pacific market are actively improving their operations and efficiency to stay competitive, presenting lucrative opportunities for the Critical Infrastructure Protection (CIP) industry. Additionally, while North America is expected to maintain dominance in the Critical Infrastructure Protection (CIP) market, Asia-Pacific is anticipated to exhibit the highest growth.
Key Insights from the Study:
• In 2019, the Solution segment held the dominant position in the critical infrastructure protection market, but the service segment is projected to experience notable growth in the forecast period.
• Among the solutions, the physical safety and security segment contributed the highest revenue to the CIP market in 2019. Nevertheless, the cybersecurity segment is anticipated to demonstrate the highest growth rate in the foreseeable future.
• In terms of security, the operational technology segment led in revenue generation in 2019, while the information technology segment is poised for the highest growth rate in the near term.
• Geographically, North America dominated the RCS market in 2019. However, Asia-Pacific is anticipated to undergo substantial growth in the coming years.
The key critical infrastructure protection industry players profiled in the report are Honeywell International Inc., IBM Corporation, BAE Systems Plc, General Dynamics Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, DXC Technology Company, Intel Corporation, Airbus, TRL Technology Ltd. This study includes Critical Infrastructure Protection market trends, Critical Infrastructure Protection (CIP) market analysis, and future estimations to determine the imminent investment pockets.
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