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Pulished Date April, 2021
ID: 8289
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Global Critical Infrastructure Protection Market - Segmentation By Services (Consulting, Risk Management and Managed), By Security Type (OT and IT) and By Region: Forecast of 2021 - 2026

Pulished: April, 2021
ID: 8289
Pages: 170

Global Critical Infrastructure Protection Market Size & Growth

The global Critical Infrastructure Protection Market was worth US$ 128.9 billion in 2020, and it is estimated to reach US$ 152.3 billion, increasing with an annual development rate (CAGR) of 3.4% between 2021 and 2026.

The rise of cyber threats and security breaches is one of the main growth drivers of the global critical infrastructure protection market.

Critical Infrastructure Protection is a concept related to alerting and responding to serious incidents in a region. It includes banking and finance, transportation, food production and distribution, energy, water systems, law enforcement, federal and municipal services, and additional emergency services for the public and private sectors. These Critical Infrastructure Protection systems are necessary for the minimal functioning of the economy and government. In short, these systems serve as the backbone of the national economy, security, and wealth. Protecting critical infrastructure is becoming more automated and interconnected. However, improvements in technology related to infrastructure protection have created new vulnerabilities to equipment failure, human error, and physical and cyber-attacks. Several public and private companies are adopting technology to preserve critical infrastructure from malicious entities, create immediate responses to block suspicious activity, and protect critical systems.

Recent Developments

  • In December 2019, Raytheon released a disassembled soldier training simulator, a virtual synthetic training environment soldier trainer.
  • In September 2019, the US Defense Advanced Research Projects Agency (DARPA) and BAE Systems partnered to develop a new space situational awareness tool.
  • In July 2019, Thales launched the Gemalto Digital ID Wallet to allow citizens to easily verify their identity and access official documents from a single secure platform on their smartphone.

Drivers

The global critical infrastructure protection market is growing as the need to protect and protect sensitive data increases. The implementation of cloud-based services and the implementation of government regulations and practices for homeland security are further accelerating market growth. Increased awareness of data security and privacy is driving the adoption of critical infrastructure protections that enhance market growth. The growing adoption of IoT and the growing need to protect and protect data is accelerating the growth of the critical infrastructure protection market. Additionally, there is a rising demand for effective cybersecurity solutions that drive the emergence of advanced cyberattacks and the growth of the critical infrastructure protection business. There is a surge in demand for critical infrastructure protection markets where the need to protect financial, government, energy, transportation and other critical infrastructure operations. The critical infrastructure protection market is expected to grow to increase concerns about data security and protection and reduce the risk of data theft. The growing popularity of the Internet of Things (IoT) is another factor driving the growth of the market. The expansion of the critical infrastructure protection market is explained by growing cyber threats and the implementation of government ordinances and practices for national security. Rising IT spending, the implementation of automation solutions, and efficient policies and regulations are also driving the industry.

Increasing the opponent's ability to penetrate systems that control all areas of critical infrastructure is a nurturing problem in many industries. In light of this, investments are expanding to encourage cybersecurity R&D to launch advanced critical infrastructure protection solutions. In addition, the government has implemented favorable asset safety policies to support the need for Critical Infrastructure Protection. The rise of IoT applications is driving the growth of the critical infrastructure protection market, with more and more cases of terrorism, virtual and cyber-attacks. It is also accelerating the growth of the critical infrastructure protection market again as security concerns rise in various industries such as transportation, oil and gas, telecommunications, energy, and more. Additionally, increased government investment in critical infrastructure data is another factor driving the growth of the global Critical Infrastructure Protection market. The growing need for physical and cyber security has the potential to drive market demand in the future. The key drivers of the critical infrastructure market are government regulations and practices and the growing number of cyber threats, as many of these organizations are implementing critical infrastructure solutions. As cyberattacks in critical infrastructure areas increase, investment in the physical and information security markets is expected to increase over the forecast period. Critical infrastructure protection solutions implement traditional and modern cybersecurity technologies to ensure greater reliability and better long-term protection.

Restraints

The lack of technically trained workforce and information on industrial control systems is a key factor impeding the growth of the global critical infrastructure protection market. Lack of interoperability between security products and high implementation costs are limiting the growth of the industry. It is also difficult to add modern security to existing critical infrastructure. Lack of financial investment and technical complexity in implementing Critical Infrastructure Protection security in developing countries are expected to slow the growth of this market.

Market Segmentation

The global Critical Infrastructure Protection market is segmented into:

Global Critical Infrastructure Protection Market - By Services

  • Consulting
  • Risk Management
  • Managed

The consulting services segment dominated the critical infrastructure protection market in 2020 with a value of USD 202.4 billion. CIP provides a strong security posture through comprehensive assessment services coupled with expert advice. The risk management service is expected to witness a CAGR of 11.7% during the forecast period. Many governments are increasingly adopting a risk management approach. The risk management process includes the integration of information on threats, vulnerabilities and results.

Global Critical Infrastructure Protection Market - By Security Type

  • Operational Technology (OT)
  • Information Technology (IT)

The operational technology (OT) security segment is expected to remain dominant in the market over the forecast period, accounting for more than 60.0% revenue share by 2026, which may be due to increased implementation of cybersecurity solutions in SCADA. Systems, industrial control systems and other operating technology systems.

The information technology (IT) security segment is estimated to witness a CAGR of 9.8% over the conjecture period. IT security plays an important role in creating the environment necessary to lay the foundation for the successful implementation of e-government or e-commerce activities, national ICT plans and sector projects including finance and education.

Regional Analysis

North America dominated the worldwide critical infrastructure protection market in 2020. The implementation of various agencies and policies of the US government, such as the Presidential National Security Guidelines and the National Infrastructure Protection Program, are contributing to the growth of the local market. Additionally, the implementation of national strategies and action plans for critical infrastructure has established a risk-based approach to complement overall market growth by enhancing the resilience of Canada's core assets and systems.

The Asia Pacific region is estimated to have the highest CAGR of 11.9% during the forecast period. The proliferation of technologies in industrial and defense systems are some of the key factors driving the growth of the regional Critical Infrastructure Protection market. China is likely to experience high growth rates as investments in infrastructure protection hardware and software increase.

The Middle East and Africa are the second fastest growing regions for critical infrastructure protection markets. The high growth of the market is due to the growing number of sensitive infrastructures and organizations in the region, which increases security demands on critical infrastructure and provides flexibility against cyber-attacks.

Leading Companies

Key players in the Critical Infrastructure Protection market include BAE Systems, Airbus Group SE, Honeywell International Inc, General Dynamics Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Teltronic SA, Hexagon AB, Huawei Technologies Co Ltd., Thales Group, Johnson Controls International plc and Motorola Solutions Inc.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Critical Infrastructure Protection Market, By Services               

                                6.1.1 Consulting               

                                6.1.2 Risk Management

                                6.1.3 Managed 

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Critical Infrastructure Protection Market, By Security Type                    

                                6.2.1 OT              

                                6.2.2 IT

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Services             

                                7.2.3 By Security Type   

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Services             

                                7.3.3 By Security Type   

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Services             

                                7.4.3 By Security Type   

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Services             

                                7.5.3 By Security Type   

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Services             

                                7.6.3 By Security Type   

8. Key Player Analysis                                    

                8.1 BAE Systems                              

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Airbus Group SE                       

                8.3 Honeywell International Inc                

                8.4 General Dynamics Corporation                          

                8.5 Lockheed Martin Corporation                             

                8.6 Northrop Grumman Corporation                      

                8.7 Raytheon Company                

                8.8 Hexagon AB               

                8.9 Huawei Technologies Co Ltd                

                8.10 Thales Group                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Services, Security Type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. North America Critical Infrastructure Protection Market By Services, From 2021-2026 ( USD Billion )
  2. North America Consulting Market By Region, From 2021-2026 ( USD Billion )
  3. North America Risk Management Market By Region, From 2021-2026 ( USD Billion )
  4. North America Managed Market By Region, From 2021-2026 ( USD Billion )
  5. North America Critical Infrastructure Protection Market By Security Type, From 2021-2026 ( USD Billion )
  6. North America OT Market By Region, From 2021-2026 ( USD Billion )
  7. North America IT Market By Region, From 2021-2026 ( USD Billion )
  8. United States Critical Infrastructure Protection Market By Services, From 2021-2026 ( USD Billion )
  9. United States Critical Infrastructure Protection Market By Security Type, From 2021-2026 ( USD Billion )
  10. Canada Critical Infrastructure Protection Market By Services, From 2021-2026 ( USD Billion )
  11. Canada Critical Infrastructure Protection Market By Security Type, From 2021-2026 ( USD Billion )

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