The Critical Infrastructure Protection Market is projected to grow from USD 124.8 Billion in 2024 to USD 166.53 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.67% during the forecast period (2024 - 2032). Additionally, the market size for Critical Infrastructure Protection was valued at USD 119.83 billion in 2023.
With the growth of technology and digitalization throughout the world are the key market drivers enhancing the market.
Figure 1: Critical Infrastructure Protection Market Size, 2024-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for critical infrastructure protection is being driven growing smart cities. Smart cities comprise physical and cyber infrastructures that provide several benefits and raise the general living level. However, smart city growth puts essential infrastructures like public safety, electrical grids, smart transit systems, and water supply in danger, posing an indirect threat to national security. Because of their interconnectedness, these critical infrastructures in smart cities are particularly exposed to cyber assaults. To prevent cyberattacks from disrupting vital infrastructure, security professionals employ cyber and physical technologies that provide appropriate levels of defense against threats. As a result, the need for critical infrastructure security services is growing to secure smart cities' vital infrastructure from cyber-attacks. Critical infrastructure is constantly threatened by natural and man-made dangers and hazards such as extreme weather, infrastructure, cyberattacks, failing or aging and terrorism threats. Large industrial critical infrastructures rely heavily on internet access for remote monitoring and management. Cyberattacks or other threats to energy infrastructure, telecommunications, transportation, banking, healthcare, and defense can have disastrous implications and hamper the economy. As a result, numerous industries are deploying critical infrastructure protection solutions in their environments to resist cyber and terrorist assaults. Regulation (EU) 2017/1938, for example, addresses a severe gas supply crisis caused by a variety of risk factors, such as terrorism, cyber-attacks, and sabotage, by establishing standards for regional emergency preparedness and risk assessments based on the concept of solidarity.
A strong cybersecurity posture in an organization analyses and mitigates risks. Implementing a critical infrastructure protection (CIP) solution protects an organization's safety and the uninterrupted operation of its critical infrastructure. It safeguards not just physical assets of national importance, such as nuclear installations, but also virtual assets, such as defense plans. However, as more sophisticated cyber-attacks occur, the necessity for ongoing development of cybersecurity solutions grows. Any country must secure key infrastructure functions such as government, transportation, energy, and finance against terrorist attacks and natural catastrophes. The United States government guarantees that organizations and other facilities have a strong cybersecurity posture. In recent years, the government has developed cybersecurity units and deterrent actions by enacting tough rules to reduce cyber-attacks that cause catastrophic damage to the country. Nations worldwide implement preventive measures and processes to secure key infrastructures to sustain important social activities. As a result, rising government backing for critical infrastructure is expected to drive the critical infrastructure protection industry forward.Thus, driving the Critical Infrastructure Protection market revenue.
Based on technology, the Critical Infrastructure Protection market segmentation includes cyber security and physical security. The cyber security segment dominated the market, accounting for 65% of market revenue. The increased adoption of industrial control systems, cybersecurity solutions in SCADA systems, and other operational technology systems can be related to the segment's rise. Increasingly sophisticated assaults, such as the power grid attack in the United Kingdom, are raising government awareness of the need to build an advanced deterrent posture, allowing them to prioritize the complex threats in cyberspace.
Based on service, the Critical Infrastructure Protection market segmentation includes consulting, management, risk management, and maintenance & support. The consulting segment dominated the market. CIP delivers a strong security posture by offering complete evaluation services and professional guidance. Consultants guarantee that the OT and IT infrastructures are properly linked to coping with organizations' inherent issues. Furthermore, developing a customized solution for clients that exceed expectations for security and compliance activities is expected to boost the segment's growth throughout the projection period.
Based on vertical, the Critical Infrastructure Protection market segmentation includes transportation services and energy & power. The energy & power category generated the most income. Globally, companies have made a substantial voluntary effort to strengthen planning and readiness for cyber-attacks to provide effective security measures. The rise of the smart grid has demanded sophisticated critical infrastructure protection to enable infrastructure security and resilience.
Figure 2: Critical Infrastructure Protection Market, by Vertical, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Critical Infrastructure Protection market area will dominate this market; the National Strategy and Action Plan for Critical Infrastructure implementation has developed a risk-based framework for increasing the robustness of Canada's essential systems and assets, ultimately supporting overall market growth.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, India, Australia, China, Japan, South Korea, and Brazil.
Figure 3: CRITICAL INFRASTRUCTURE PROTECTION MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe has the second-largest market share for Critical Infrastructure Protection. The European energy system is experiencing a major shift as networked industrial control systems increasingly govern and monitor energy flows. Furthermore, the German Critical Infrastructure Protection market dominated, while the UK Critical Infrastructure Protection market grew fastest in Europe.
From 2023 to 2032, the Asia-Pacific Critical Infrastructure Protection Market is predicted to develop at the quickest CAGR. The increasing frequency of high-profile cyber-attack events has compelled authorities to increase their cyber resilience and defend vital infrastructure from cyber threats. Furthermore, China's Critical Infrastructure Protection market had the greatest market share, while India's Critical Infrastructure Protection market was the Asia-Pacific region's fastest expanding.
Leading market companies are making significant R&D investments to diversify their product offerings, which will drive the Cash Flow market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The market for Cash Flow industry is becoming more competitive. Therefore, it needs to offer reasonably priced products to grow and thrive.
Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers employ in the worldwide Cash Flow industry to assist customers and expand the market sector. The market for Cash Flow industry has recently provided some of the most important benefits. Major players in the Critical Infrastructure Protection market, including Raytheon Company, and others, are attempting to increase market demand by investing in research and development operations.
Raytheon Company was a large defense contractor and industrial business based in the United States, focusing on weaponry and military and commercial electronics. Raytheon was the world's leading manufacturer of guided missiles. Raytheon Technologies was formed through the merger of Raytheon and United Technologies Corporation in April 2020. Raytheon provides electronics, mission system integration, and other capabilities in effects, sensing, intelligence systems, command, communications, control, and mission support services.Raytheon's electronics and defense systems divisions design and manufacture air-, sea-, and land-launched missiles, aircraft radar systems, weapons sights and targeting systems, communication and battle-management systems, and satellite components. In February 2021, Raytheon Company worked with IronNet Cybersecurity Inc. to create cyber solutions for defense operational and information technology (OT/IT) systems. These solutions would protect the OT/IT platforms, increasing resilience for systems that perceive and govern physical interactions.
Thales is a worldwide technology leader with over 77,000 workers across five continents. To build a future we can all trust, the Group invests in digital and "deep tech" advancements like Big Data, artificial intelligence, networking, cybersecurity, and quantum technology. Humans have a major part in every crucial decision. Therefore, trust is necessary for communities to thrive.Thales' high-tech solutions, services, and products assist businesses, organizations, and governments in achieving their objectives and ambitions. In May 2021, Thales Group has announced the purchase of SafeNet AT, LLC, a Texas-based cybersecurity startup. Due to this purchase, thales will be able to improve its cybersecurity and critical infrastructure protection capabilities.
In September 2023, Ericsson announced an expansion of its successful and long-standing partnership with Google Cloud to develop a solution for Ericsson Cloud RAN on Google Distributed Cloud (GDC) that embeds automation and orchestration and applies AI/ML for more benefits to Communication Service Providers (CSP)s. GDC is a portfolio consisting of managed hardware and software that expands Google Cloud's cloud capabilities and services beyond data centers and into the edge. With Erikson’s Cloud RAN deployed at GDC Edge, users will be equipped with an automated massive distributed cloud that will give rise to a trustworthy, efficient, highly performant, safe, and software-centric Radio Access Network (RAN).
June 2023 - McAfee Corp., a global player in online protection, announced Dell Technologies' collaboration in coming up with McAfee Business Protection, which is designed to provide comprehensive security solutions to small business owners. This enhancement enables Dell’s small business customers to stay safe from cybermenace and vulnerabilities by using award-winning identity theft protection and dark web monitoring for stolen information, as well as VPN, Wi-Fi security,web-browsing protection, etc.
In October 2023 – GHD Digital Sdn Bhd unveiled the Cyber Critical Infrastructure Risk Centre of Excellence (CoE) aimed at safeguarding organizations against rising cases of cyber-attacks targeting their critical infrastructure systems and sensitive data.
To ensure that ransomware does not endanger critical national infrastructures and many others, the Ransomware Vulnerability Warning Pilot (RVWP) was introduced by the United States’ Cybersecurity & Infrastructure Security Agency (CISA) in May 2023. As a result of this RVWP pilot, agencies get informed of possible targets and can thus prompt their security personnel to act as need be.
Fortinet®, a worldwide leader in network security for digital era without borders, converged networking and security, committed itself to strengthening the nation’s security posture and cyber resilience by joining the Joint Cyber Defense Collaborative (JCDC) in April 2023. A public-private partnership that offers actionable intelligence to aid in vigorously defending against cyber threats is what JCDC is today, having been formed two years ago by the Cybersecurity and Infrastructure Security Agency (CISA). These types of moves help streamline incident response to risk reduction as well as remediation before they are exploited by adversaries, thereby leading to resilience across the system.
Cyber Security
Physical Security
Consulting
Managed
Risk Management
Maintenance & Support
Transportation Services
Energy & Power
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Middle East
Africa
Latin America
| Attribute/Metric | Details |
| Market Size 2023 | USD 119.83 Billion |
| Market Size 2024 | USD 124.86 Billion |
| Market Size 2032 | USD 166.53 Billion |
| Compound Annual Growth Rate (CAGR) | 3.67% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Vertical, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | BAE Systems (U.K.) Symantec Corporation (U.S.) General Dynamics Corporation (U.S.) McAfee Inc. (U.S.) Honeywell International Inc. (U.S.) Thales Group (France) IBM Corporation (U.S.) Lockheed Martin Corporation (U.S.) Robert Bosch (Germany) Northrop Grumman Corporation (U.S.) Axis Communications AB (U.S.) |
| Key Market Opportunities | Growing of smart cities |
| Key Market Dynamics | Increase in technology advancement |
Frequently Asked Questions (FAQ) :
The Critical Infrastructure Protection market size was valued at USD 119.83 Billion in 2023.
The market is projected to grow at a CAGR of 3.67% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are BAE Systems (U.K.) Symantec Corporation (U.S.) General Dynamics Corporation (U.S.) McAfee Inc. (U.S.) Honeywell International Inc. (U.S.) Thales Group (France).
The Consulting dominated the market in 2022.
The energy and power had the largest share in the market.
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Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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