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(MoneyNewsWire.Net, August 25, 2017 ) Request sample copy of this report @ http://www.orbisresearch.com/contacts/request-sample/223828 .
The Global Critical Infrastructure Protection market is valued at USD 94.76 billion in 2016 and is expected to reach a value of USD 154.59 billion by the end of 2022, growing at a projected CAGR of 8.5% during the forecast period of 2017 2022. Countries across the world are paying attention to their critical infrastructure, especially when the virtual and cyber world are exposed to innumerable threats of hacking, attacks and theft. Critical infrastructure is mostly related to electricity, oil and gas, telecommunication, water supply generation, transmission and distribution, agriculture, food production and distribution, financial services, and security services. There is a dire need for cost-effective solutions to ensure better security and response handling in the case of an emergency. This cost-effectiveness eventually ensures a competitive edge to every organization. Critical infrastructure protection deploys, both traditional and modern cyber security technology, to ensure more reliability and better protection in the long run.
The global market is driven by the current trend of investment in smart grids, increase in IT spending, growth in the deployment of automation solutions, integrated functioning of cloud and CIP, increase in cyber-attacks and cyber-crimes, and efficient policy regulations and implementations. Lack of technical workforce, a deep understanding of industrial control system and the lack of interoperability between products are some of the factors restricting the market growth.
Recent industry trends in the information and physical infrastructure market indicates that the technology and the market are continuously increasing due to the increase of data, as a result of which the number of cyber-attacks has also increased. Apart from the current services of remote management, consulting and technical support in the security domain, some advanced features of data and fraud analytics and infinite storage facilities are to be introduced in all the verticals over the next few years.
Critical infrastructure market has been segmented on the basis of the different services offered by the market as risk management services, designing, integration and consulting, managed services and maintenance and support, of which risk management services holds the largest part in CIP, with an estimated market size of USD 41.75 billion, followed by designing, integration and consultation, constituting 35.26% market share.
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In 2015, North America dominated the critical infrastructure market with 34.28% share and this trend is estimated to continue over the projection period as well. Majorly driven by the United States, the market continues to grow, due to its susceptibility to terrorism, bio-terrorism, cyber hijacking, hacking, and other such threats. However, the market is experiencing the highest traction in the Asia-Pacific region, owing to increasing political pressure for standard regulations, increasing insider attacks, growing cyber threats along with increasing investments made towards infrastructure protection. This region is expected to witness a growth rate of 9.02% over the forecast period.
Opportunities in the CIP segment lie in the exploitation of the Internet-of-Things (IoT) revolution and its potential scope. The IoT, in turn, is a driving factor for the physical and information security market. The physical security market consists of a wide array of products and services such as access control, video surveillance, biometrics, technical support, and consulting. The market that leads in its sale of biometrics shows maximum promise in the access control market with a high CAGR. The rise in the incidents of attacks on critical infrastructure zones, the investment of the physical and information security market is bound to increase in the future.
The global critical infrastructure protection market is segmented by security technology (network security, physical security, vehicle identification management, building management systems, secure communication, radars, SCADA security, CBRNE), by services (risk management services, designing, integration and consultation, managed services, maintenance and support, and others), by vertical (energy and power, transportation system, sensitive infrastructure and enterprises) by end-user industry (energy and power, healthcare systems, defense and aerospace, government, transportation sector) and by region (North America, Asia-Pacific, Latin America, Europe, Middle East and Africa).
The market is highly competitive with the presence of some big players such as -
BAE Systems
Honeywell International Inc.
EMC Corporation
Raytheon
Airbus
Axis communication AB
Intergraph Corporation
General Electric
McAfee Inc.
Waterfall Security Solutions
General Dynamics
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Key Deliverables in the Study
Market analysis for the global critical infrastructure protection market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global critical infrastructure protection market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights into the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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