41.14 F
London
December 23, 2024
PI Global Investments
Infrastructure

Critical Infrastructure Protection Market worth $178.3 billion by 2029- Exclusive Report by MarketsandMarkets


CHICAGO, June 10, 2024 /PRNewswire/ — The global Critical Infrastructure Protection Market size is projected to grow from USD 148.1 billion in 2024 to USD 178.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period, according to a new report by MarketsandMarkets. The growth of critical infrastructure protection (CIP) solutions is propelled by the rapid expansion of Internet of Things (IoT) devices, amplifying the vulnerability landscape. Simultaneously, continuous investments in infrastructure development, particularly in energy and transportation sectors, heighten the demand for advanced protection measures. This synergy underscores the need for robust security solutions to fortify critical assets against emerging threats.

MarketsandMarkets Logo

Browse in-depth TOC on “Critical Infrastructure Protection Market
559 – Tables
53 – Figures
398 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=988

Scope of the Report

Report Metrics

Details

Market size available for years

2018-2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD Billion)

Segments Covered

Offering, Security Type, Vertical, And Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

List of Companies in covered critical infrastructure protection

Major vendors in the global Critical Infrastructure Protection Market include BAE Systems (US), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), Motorola Solutions (US), Axis Communications (Sweden), Forcepoint (US), Fortinet (US), Cisco (US), Huawei (China), G4S (UK), GE Vernova (US), NEC Corporation (Japan), Bruker Corporation (US), Fujitsu (Japan), Tenable (US), Rolta (India), Mission Secure (US), Optasense (UK), Teltronic (Spain), Waterfall Security Solutions (Israel), Westminister Group Plc (UK), Owl Cyber Defense Solutions (US), Achilles Heel Technologies (US), CIPS Security (US), Suprema Inc (South Korea), and SCADAfence (US).

Based on the offering, services will grow at the highest CAGR during the forecast period.

The exponential growth of services in the CIP market can be attributed to the escalating threat landscape facing enterprises, national agencies, and defense organizations. With cyberattacks on critical infrastructure becoming more frequent and sophisticated, there is an urgent need to safeguard people, IT systems, and vital data. CIP services offer comprehensive solutions to address these evolving threats, including risk management, consulting, and managed services. Moreover, the increasing automation in surveillance systems and the adoption of remote monitoring infrastructures like oil and gas pipelines and smart grids further drive the demand for CIP services. Organizations, including governments and critical infrastructure owners, are turning to CIP service providers to enhance security, streamline workflows, and maximize efficiencies, catalyzing the rapid expansion of the CIP services market.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=988

By security type, physical security & safety accounts for the highest market size during the forecast period.

The physical and safety security types have the largest market size in the CIP market due to their paramount role in safeguarding critical infrastructure against various threats. Recent events, such as drone attacks on critical infrastructure, underscore the importance of robust physical security measures. Enterprises recognize the need to go beyond traditional perimeter security, leading to increased demand for advanced systems like high-quality video surveillance, perimeter intrusion detection, and access control. Moreover, advancements in video surveillance technology, including features like facial recognition and thermal cameras, enhance monitoring capabilities. With the coordination efforts of agencies like CISA and the increased adoption of security technologies across sectors like law enforcement and government utilities, the physical safety and security segment experiences rapid growth, ensuring the resilience and protection of critical infrastructure assets.

By region, Middle East & Africa will grow at the highest CAGR during the forecast period.

The Middle East & Africa is growing fastest in the CIP market due to the region’s rapid trajectory toward digitalization, propelled by increasing internet penetration and technological adoption. In South Africa, Transnet’s utilization of IoT technology for intelligent energy management is a prominent example, contributing significantly to the expansion of the CIP market across the region. Additionally, the Middle East, particularly in the oil and gas verticals, faces a surge in cyberattacks, including malware and ransomware incidents, due to its significant crude oil reserves, making it a lucrative target for cybercriminals. Consequently, critical sectors in the region, recognizing the pressing need for protection, are increasingly adopting essential infrastructure protection solutions to safeguard their assets from evolving cyber threats, thus driving the growth of the CIP market in the Middle East & Africa.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=988

Top Key Companies inCritical Infrastructure Protection Market:

BAE Systems (US), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), Motorola Solutions (US), Axis Communications (Sweden), Forcepoint (US), Fortinet (US), Cisco (US), Huawei (China), G4S (UK), GE Vernova (US), NEC Corporation (Japan), Bruker Corporation (US), Fujitsu (Japan), Tenable (US), Rolta (India), Mission Secure (US), Optasense (UK), Teltronic (Spain), Waterfall Security Solutions (Israel), Westminister Group Plc (UK), Owl Cyber Defense Solutions (US), Achilles Heel Technologies (US), CIPS Security (US), Suprema Inc (South Korea), and SCADAfence (US) are the key players and other players in the Critical Infrastructure Protection Market.

Browse Adjacent Market: Information Security Market Research Reports & Consulting

Browse Other Reports:

Identity and Access Management MarketGlobal Forecast to 2029

eGRC MarketGlobal Forecast to 2029

Identity Threat Detection and Response MarketGlobal Forecast to 2029

Cyber Security MarketGlobal Forecast to 2028

POS Security MarketGlobal Forecast to 2027

Get access to the latest updates on Critical Infrastructure Protection Companies and Critical Infrastructure Protection Industry

About MarketsandMarkets

MarketsandMarkets has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://piglobalinvestments.com/wp-content/uploads/2024/06/MarketsandMarkets.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/critical-infrastructure-protection-market-worth-178-3-billion-by-2029–exclusive-report-by-marketsandmarkets-302168049.html



Source link

Related posts

Kazakhstan Adopts Infrastructure Dev’t Plan Until 2029

D.William

atNorth: Sustainable AI-ready infrastructure in the Nordics

D.William

This ‘Maturity Model’ underlies HashiCorp’s standard for cloud infrastructures

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.