Global Critical Infrastructure Protection Market | Growth

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The Global Critical Infrastructure Protection
Market to Witness Growth at CAGR of 6.40 by 2028
Triton Market Research presents the Global
Critical Infrastructure Protection Market report
segmented by Services (Designing, Integration,
and Consultation Risk Management Services
Maintenance and Support Managed Services), by
Security Technology (Network Security Physical
Security Video Surveillance Screening and
Scanning Access Control PSIM and PIAM Secure
Communications Vehicle Identification Systems
Building Management Systems RADAR CBRNE SCADA
Security), by Vertical (Transportation Energy
and Power Sensitive Infrastructure and
Enterprises), and by Geographical Region (North
America, Europe, Asia-Pacific, Latin America,
Middle East and Africa), discussing Market
Summary, Industry Outlook, Key Insights, Porters
Five Forces Analysis, Value Chain Analysis,
Industry Policies, Market Attractiveness Index,
Vendor Scorecard, Key Market Strategies, Drivers,
Restraints, Opportunities, Competitive Landscape,
Methodology Scope, Global Market Size,
Forecasts Analysis (2021-2028). As per a report
by Triton Market Research, the Global Critical
Infrastructure Protection Market is likely to
progress at a CAGR of 6.40 during the forecast
period (2021-2028).
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Critical infrastructure plays a dynamic role in
shaping the modern society by supporting seamless
assimilation and progression. The performance,
maintenance, reliability, continuous operation,
safety, and protection of critical infrastructure
are national priorities for countries across the
world. The risk environment, which impacts
critical infrastructural networks, is complex and
uncertain. Over the last ten years, there has
been a significant evolution of threats and
vulnerabilities. Critical infrastructure has been
exposed to risks like physical threats and
natural disasters for long. However, it is only
recently that cyber risks have been thrown into
the mix. The widespread availability and
accessibility of internet applications have
produced some positive as well as some negative
trends in the cyberspace. One of the main
negative trends being the rise in the number of
next-generation offenders such as cybercriminals.
This is considered to be the highest contributing
factor to the CIP markets development. However,
the lack of in-depth understanding of the
functioning of industrial control systems is
severely impeding market growth. The market in
the Asia-Pacific is expected to showcase the
fastest growth rate globally in the projected
phase. There has been a rise in recent years
regarding advanced threats such as cutting
populations off power, emergency supplies, clean
water, and transportation. This severely hampers
the economy. The growing concern over such
threats is fueling the demand for CIP solutions
in the region, in turn, fueling the market
growth. Also, the markets in nations like India,
South Korea, and Japan show immense potential for
growth. South Korea has a well-developed ICT
infrastructure. Therefore, a plethora of
opportunities exist for critical infrastructure
protection vendors in the country to offer robust
cybersecurity solutions for critical
infrastructure. Whereas, in India, the growing
number of critical infrastructure projects being
launched are creating a huge demand for CIP
solutions. Teltronic, Lockheed Martin
Corporation, General Electric Company, Waterfall
Security Solutions Ltd, Raytheon Co, General
Dynamics Corporation, Honeywell International
Inc, Northrop Grumman Corp, Hexagon AB, McAfee
Inc (TPG Capital), BAE Systems Plc, Axis
Communications, Ericsson AB, Kaspersky Lab Inc,
and Airbus SE are the prominent names operating
in this market. In the studied market, the
suppliers are also the vendors. Some of them
include BAE Systems, General Dynamics, Honeywell
International, Lockheed Martin Corporation, and
Hexagon AB, among others. The brand identity
associated with each player has a significant
influence on the market dynamics. Reputed brands
are synonymous with robust CIP solutions.
Therefore, they enjoy an upper hand in the
market. However, the firm-to-buyer concentration
in this industry is low, which diminishes the
vendors bargaining power to a certain extent.
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