According to data released by Business Research Company, the critical infrastructure protection market has experienced steady growth in recent years and is expected to increase from $140.42 billion in 2023 to $146.21 billion in 2024. This corresponds to a compound annual growth rate (CAGR) of 4.1%. Growth during this historic period has been driven by the integration of physical and cybersecurity measures, regulatory compliance requirements, increased focus on supply chain security, efforts to mitigate insider threats, resilience and business continuity. This may be due to several factors, including the emphasis placed on
Business Research Company reveals that the critical infrastructure protection market is expected to witness strong growth in the coming years, reaching $184.22 billion by 2028, at a compound annual growth rate (CAGR) of 5.9% I made it. This growth during the forecast period can be attributed to several factors, including efforts to mitigate insider threats, increased collaboration and information sharing, and increased focus on resilience and business continuity.
Growth drivers of the critical infrastructure protection market
The increasing adoption of cloud technology and IoT devices is expected to drive the growth of the critical infrastructure protection market in the future. The Internet of Things (IoT) consists of physical objects that utilize software and various technologies to connect to devices and systems over the Internet for data transfer. Cloud technology, on the other hand, allows data to be stored and accessed over the Internet, rather than relying solely on a local computer’s hard drive. In the context of critical infrastructure, cloud computing enhances data confidentiality, integrity, and availability while ensuring compliance with relevant standards.
Critical infrastructure protection includes protection against cyber-attacks that can damage or disrupt the services provided by critical infrastructure. This concept includes not only preventing cyber attacks, but also responding when they occur, ensuring that measures are taken to prevent cyber attacks from occurring in the first place.
Key players in the market include BAE Systems, Lockheed Martin, Northrop Grumman, Honeywell International Inc., Airbus SE, Raytheon Technologies Corporation, Thales Group, Hexagon AB, Johnson Controls, Teltronic SA, General Dynamics, Optasense Limited, Waterfall Security Solutions, Contains Rolta. India, SCADAfence, Huawei Technologies, Confluera, Erkios Systems, McAfee., Kaspersky Lab, Telefonaktiebolaget LM, Ericsson, Fortinet, Cisco Systems, Symantec Corporation, International Business Machines Corporation, Microsoft, NICE Ltd., SAP SE, Verint Systems, Pointillist, ClickFox, Kitewheel LLC, Servion Global Solutions Limited.
Business Research Company identifies that leading companies in the critical infrastructure protection market are prioritizing the development of new AI-based security solutions tailored to their operational technology environments to gain a competitive advantage I did. Operational technology (OT) includes hardware and software used to monitor and control physical devices, processes, and events within industrial and critical infrastructure sectors.
How is the Global Critical Infrastructure Protection Market Segmented?
1) By component: solutions, services
2) By security technology: network security, physical security, other security technologies
3) By Industry: Commercial Sector, Telecommunications, Chemical & Manufacturing, Oil & Gas, Other Industries
Geographical Insights: North America Leads the Critical Infrastructure Protection Market
The largest region for the market in 2023 was North America. Asia Pacific is anticipated to be the fastest growing region in the report during the forecast period. The report covers Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Business Research Company’s Critical Infrastructure Protection Global Market Report 2024 covers:
• Market size data for the forecast period: past and future
• Macroeconomic factors affecting the market in the short and long term.
• Analysis of macroeconomic and microeconomic factors that have influenced the market over the past five years.
• Market analysis by region: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East, and Africa.
• Market analysis by country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Industrial Cyber News Desk
Industrial Cyber News Desk
