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2021
Critical Infrastructure Protection Market

Critical Infrastructure Protection market by Component (Solution, Service), Security Type (Operational Security, Information Security), Industry Vertical (IT & Telecom, BFSI, Energy & Utility, Government and Defence, Oil & Gas, Transportation & Logistics, Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 Market

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Report Code: A09359
Pages: 254
Feb 2021 | 4300 Views
Author(s) : Rachita R
Tables: 148
Charts: 87
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Critical Infrastructure Protection (CIP) Market Statistics - 2027

The Critical Infrastructure Protection market size was valued at $118.19 billion in 2019, and is projected to reach $203.09 billion by 2027, growing at a CAGR of 7.2% from 2020 to 2027. Critical Infrastructure Protection (CIP) is the requirement of protections of regional vital infrastructures such as Data centres, banking institute, government offices, transportation and other critical infrastructure. Every government has a responsibility to protect these essential critical infrastructure against terrorist activities natural disasters, and cyber threats attack. Critical infrastructure protection software help to organization and government authority to protect the infrastructure and assets by analyzing upcoming natural disaster and cyber-attack, it is paramount that security in all critical infrastructure sectors is of the highest standard and that disaster preparedness, response and recovery are top priorities. This is standalone systems that manages critical infrastructure operations which are connecting to the internet and sharing sensitive data. Critical infrastructure organizations is robust framework which can anticipate disaster across the entire critical infrastructure environment. Critical Infrastructure Protection (CIP) helps organizations to prepare for and respond to serious incidents involving critical infrastructure environments and to protect against an ever-growing number of threats.

Though number of regulatory bodies across the globe has relaxed enforcement during the crisis, number of new organizations need to plan for longer-term regulatory compliance as the data security and data management has become utmost important factor in this COVID-19 pandemic crisis which will drive the adoption of critical protection infrastructure solutions and services.

On the basis of component, the solution segment dominate the overall Critical Infrastructure Protection (CIP) market in 2019, and is expected to continue this trend during the forecast period. This is attributed to increase in adoption of critical infrastructure protection solution among enterprises to gain strategic as well as competitive advantage and strong infrastructure security over their competitors. In addition, it helps end-users to make secure their important infrastructures and alert them before it get damage and attacked which drives the growth of the market. However, the service segment is expected to witness highest growth, as these segment of Critical Infrastructure Protection market ensure effective coordination between service provider company and customer by providing implementation and training, consulting services and managed services. The adoption of these technology speeds up the safety of various critical infrastructure such as transportation, historical places, data centers, government offices, maximizes the value of existing infrastructure by optimizing it, and minimizes the cost of supervilance, which further fuel the growth of the market. 

Critical-Infrastructure-Protection-Market-2020-2027

North America is further anticipated to dominate the CIP market in the upcoming years, due to its technological advancement and major shift toward digital transformation Asia-Pacific is expected to exhibit highest growth during the forecast period, owing to strong economic growth along with the ongoing development in the national security and personal safety sector, which drives organizations to invest heavily in Critical Infrastructure Protection (CIP) market to sustain growth and improve productivity. In addition, factors such as major shift toward digital transformation, rise in cloud deployment and technological advancement among small & medium businesses, and ongoing modernization cyber and infrastructure security in emerging economies. Furthermore, key players in Asia-Pacific are focusing on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the growth of the market during the forecast period. 

The report focuses on the growth prospects, restraints, and Critical Infrastructure Protection market analysis. The study provides Porter’s five forces analysis of CIP industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the rich communication services market trends.

Critical Infrastructure Protection market by Component
By Component

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Services are projected as one of the most lucrative segments.

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Segment review

Critical Infrastructure Protection (CIP) market is segmented on the basis of component, security, industry vertical, and region. By component it is bifurcated into solution and service. By security, it is categorized into, operational security and information security. By industry vertical, it is classified into IT & Telecommunication, BFSI, Energy & Utility, Government & Defence, Oil and Gas, Transportation and logistics, manufacturing and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Impact of COVID-19 on Critical Infrastructure Protection (CIP) market:

The COVID-19 pandemic has been a defining moment, which has transformed businesses security perspective. The pandemic has massively affected how cybersecurity and critical infrastructure protection is delivered to organizations and users for fast-tracking remote workforce support and accelerating cloud adoption. With every company adopting work from home policy, there has been a rise in demand for cloud-based systems. However, with this growth, the risk of cyber threats also increased, thereby venture capitalists are investing more in cyber infrastructure security. Moreover during worldwide lockdown the chances of external terrorist attack is also increases due to retraction in movement of security forces which increase need of human-less monitoring and security of physical critical infrastructures which will increase the demand of critical infrastructure protection solution. However during lots transport facilities ware not running and most of tourist places ware closed so it little bit impact on use of critical infrastructure protection solution. Furthermore, post lockdown due to heavy gathering of public in various places such as transits facility it will boost the demand of Critical Infrastructure Protection (CIP) market globally

Critical Infrastructure Protection market by Component
By Security Type

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Information Technology type is projected as one of the most lucrative segments.

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Top impacting factors    

The growth of the global Critical Infrastructure Protection (CIP) industry is driven by factors such as strict government regulation in terms of adoption and implementation of critical infrastructure protection software, increasing cyber-attack and security breaches in physical system, and increasing need of operational technology networks. However, high initial cost of CIP and lack of interoperability between the CIP solutions along with complexity in the technical operation are restraining the growth of CIP market globally. Furthermore, emergence of cutting edge technology such as cloud technology and internet of things and increasing investment of government authority in the critical infrastructure protection will create opportunities for the critical infrastructure protection software market globally. 

Strict government regulation in terms of adoption and implementation of critical infrastructure protection software:

Government authorities from various countries are imposing stick rule regarding adoption and implementation of critical infrastructure protection software. In last decade incident of terrorist attack on the core cities of developed and emerging countries increases which will result in huge loss public property, heritage sites and transportation facilities, also in last decades lots of emerging countries undergone through heavy civil riots and marches sometime that may gone violent which ends with loss of critical infrastructure this increase the requirement of the critical infrastructure protection software globally. Also Increase in number of cyber-attacks have resulted in immense loss for enterprises, which has forces to IT and Telecom companies to increase their spending in the security section. In addition, high penalties regarding non-compliance of cyber regulations has also increased the need for effective security solutions, which, in turn, are set to propel the Critical Infrastructure Protection (CIP) market growth during the forecast period.

Critical Infrastructure Protection market by Component
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific is projected as one of the most significant region.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the Critical Infrastructure Protection (CIP) market along with the current Critical Infrastructure Protection market trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the Critical Infrastructure Protection (CIP) market is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the critical infrastructure protection market.
  • The quantitative analysis of the Private LTE market from 2019 to 2027 is provided to determine the critical infrastructure protection market potential.

Critical Infrastructure Protection market by Component Report Highlights

Aspects Details
BY COMPONENT
  • SOLUTION
  • SERVICE
By Solution
  • PHYSICAL SAFETY AND SECURITY
  • CYBERSECURITY
By Security
  • OPERATIONAL TECHNOLOGY
  • .INFORMATION TECHNOLOGY
By Industry Vertical
  • IT and Telecommunication
  • BFSI
  • Energy and Utility
  • Government & Defence
  • Oil & Gas
  • Transportation & logistics
  • Manufacturing
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players AIRBUS., BAE SYSTEMS PLC., DXC TECHNOLOGY COMPANY, GENERAL DYNAMICS CORPORATION, HONEYWELL INTERNATIONAL INC., IBM CORPORATION, INTEL CORPORATION, LOCKHEED MARTIN CORPORATION, NORTHROP GRUMMAN CORPORATION, TRL TECHNOLOGY LTD.
 

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In accordance with several interviews that were conducted of the top level CXOs, the adoption of critical infrastructure protection solution has increased over the period of time to protect critical infrastructure such homeland, government offices, financial institution from various cyber and terrorist attack. In addition, the ability of these solution to provide preparedness to defend against serious incidents involving critical infrastructure environments and to protect against an ever-growing number of threat is increasing its popularity among end users. Furthermore, many, IT and Telecom, BFSI, energy and utility and manufacturing industries are investing in critical infrastructure protection solution to increase security of their infrastructure and reduce cyber and terror attack related issues in organizations, which is impacting positively on the growth of the market.

The CXOs further added that the market is expected to witness significant growth in the future years, due to increase in use of cloud computing in small scale and medium enterprise and rise in adoption of artificial intelligence oriented business models among organizations. For instance, organization such as IBM Corporation, Honeywell international Inc, Airbus and Intel Corporation having heavy users of critical infrastructure protection solution to enhance critical infrastructures security and reduce chances of cyber and terrorist attack and prepared for natural disaster. The global critical infrastructure protection market is moderately concentrated, and companies are focusing on leveraging new technologies for offering advance private LTE solutions to meets the evolving user requirements. Moreover, rise in investments in artificial intelligence & tools among every industry vertical is boosting the revenue growth.

In the current business scenario, substantial rise has been experienced in the usage of critical infrastructure protection across Asia-Pacific. This is attributed to the fact that large population in this region has created an extensive demand for physical security and safety. Moreover, the region has recorded increase in the incident of cyber and terrorist attack in last decade, which is expect the growth of market in forecast period. Asia-Pacific is further anticipated to heavy growth in critical infrastructure protection solution deployments in the upcoming years, due to its size; diversity; major shift toward digital transformation; and the logical lead taken by countries, including China, India, South Korea, and Japan. Moreover, North America is further anticipated to dominate critical infrastructure protection market in the upcoming years, due to its technological advancement and major shift toward digital transformation.

In addition, companies are heavily investing in R&D activities to develop advanced CIP solution, which is opportunistic for the market. For instance, in March 2019, Airbus develop its new security solution Actacor which is very useful in homeland security and security of aircraft as well as security of air ports.

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