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Critical Infrastructure Protection Market Research Report: Information By Technology (Cyber Security and Physical Security), Service (Consulting, Managed, Risk Management, and Maintenance & Support), Vertical (Transportation Services, and Energy & Power) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

ID: MRFR/ICT/3390-HCR | 100 Pages | Author: Ankit Gupta| May 2024

Critical Infrastructure Protection Market Overview

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)

Critical Infrastructure Protection Market Overview2

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Critical Infrastructure Protection Market Trends

Growing smart cities is driving the market growth

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.

Critical Infrastructure Protection Market Segment Insights

Critical Infrastructure Protection Technology Insights

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.

Critical Infrastructure Protection Service Insights

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.

Critical Infrastructure Protection Vertical Insights

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 1: Critical Infrastructure Protection Market, by Vertical, 2022 & 2032 (USD Billion)

Critical Infrastructure Protection Market, by Vertical

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Critical Infrastructure Protection Regional Insights

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.



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.

Critical Infrastructure Protection Key Market Players & Competitive Insights

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.

Key Companies in the Critical Infrastructure Protection market include

  • BAE Systems

  • Symantec Corporation

  • General Dynamics Corporation

  • McAfee, Inc.

  • Honeywell International Inc

  • Thales Group

  • IBM Corporation

  • Lockheed Martin Corporation

  • Robert Bosch

  • Northrop Grumman Corporation

  • Axis Communications

  • Raytheon Company

  • Huawei Technologies IBMCo., Ltd.

  • Airbus Group S.E.

  • Motorola Solutions, Inc

  • Hexagon AB

  • OptaSense

  • Johnson Controls International PLC

Critical Infrastructure Protection Industry Developments

May 2022: Parsons Corporation has announced a USD 400 million acquisition of Xator Corporation. By expanding its customer base and bringing differentiated technical capabilities in critical infrastructure protection, intelligence and cyber solutions, counter-unmanned aircraft systems (cUAS),biometrics, and threat assessment and operations, Xator increases Parsons' addressable market in both the federal solutions and critical infrastructure segments.

May 2022: Armis launched the Critical Infrastructure Protection Programme (CIPP) to assist organizations delivering systemically important entities like electricity, water, maritime ports, and wastewater in identifying and fortifying assets that require immediate security enhancements. This new program will give critical infrastructure providers in the United States and NATO-aligned nations free access to Armis for three months.

April 2022: The United States DOE announced USD 12 million in funding for six research and development (RD&D) targeted at developing breakthrough cybersecurity solutions to ensure energy supply systems are installed,designed, operated, and maintained in such a way that they can survive and recover quickly from cyberattacks.

Critical Infrastructure Protection Market Segmentation

Critical Infrastructure Protection Technology Outlook

  • Cyber Security

  • Physical Security

Critical Infrastructure Protection Service Outlook

  • Consulting

  • Managed

  • Risk Management

  • Maintenance & Support

Critical Infrastructure Protection Vertical Outlook

  • Transportation Services

  • Energy & Power

Critical Infrastructure Protection Regional Outlook

  • North America

  • US

  • Canada

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report 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 2022
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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