Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.94 Billion | USD 12.29 Billion | 17.2% | 2023 |
According to a report from Zion Market Research, the global Critical Infrastructure Protection Market was valued at USD 2.94 Billion in 2023 and is projected to hit USD 12.29 Billion by 2032, with a compound annual growth rate (CAGR) of 17.2% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Critical Infrastructure Protection Market industry over the next decade.
The report offers assessment and analysis of the Critical Infrastructure Protection market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
Critical infrastructure protection is a concept relating to vigilance and response involving critical infrastructure of the country. It includes food production & distribution, banking & finance, water systems, energy, federal & municipal services, and legal enforcement firms along with other emergency solutions like private and government. Furthermore, critical infrastructure protection tools require performing of minimal functions of government & economy. Precisely, these tools are core to national economy, wealth, and security. Apparently, it is getting automated and synchronized these days. Nonetheless, technological breakthroughs pertaining to infrastructural development has given way to new susceptibilities. Furthermore, myriad private & public firms are accepting new systems for infrastructural protection from malevolent things that also help in creating quick response for blocking suspicious events along with protecting critical infrastructural systems.
Surge in number of cyber-attacks and stringent execution of government laws for safety of the country has resulted in humungous growth of critical infrastructure protection industry during 2021-2028. Rise in spending on information technology and setting up of proficient automated tools will embellish business landscape. Apart from this, a steep increase in security violations and growing attacks on physical security systems will generate new growth avenues for critical infrastructure protection industry in foreseeable future. Escalating need for securing OT network system will expedite market trends. Onset of industry 4.0 revolution is projected to bring a paradigm shift in critical infrastructure protection market over the upcoming years.
Moreover, onset of next-gen technologies coupled with easy availability of wireless networking facility even in remote areas will help critical infrastructure protection market gain traction in near future. Massive inclination towards online transformation and increase in deployment of cloud computing tools along with upgradation of infrastructure security will prompt up market size. Nonetheless, low awareness pertaining to industrial control tools & lack of availability of expert personnel can inhibit market growth over upcoming years. Rapidly emerging web and interconnected networking systems will drive growth of critical infrastructure protection industry over the assessment period. Advent of big data analytics, AI, IoT, and cloud computing will contribute majorly towards overall market revenue in upcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Critical Infrastructure Protection Market |
Market Size in 2023 | USD 2.94 Billion |
Market Forecast in 2032 | USD 12.29 Billion |
Growth Rate | CAGR of 17.2% |
Number of Pages | 145 |
Key Companies Covered | Teltronic, Hexagon AB, BAE Systems, Optasense, Lockheed Martin, SCADAfence, Tyco International, General Dynamics, Honeywell, Johnson Controls, Airbus, Raytheon, Thales, Huawei, Rolta, and 3xLogic. |
Segments Covered | By Component, By End-User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key participants profiled in study and influencing market growth are Teltronic, Hexagon AB, BAE Systems, Optasense, Lockheed Martin, SCADAfence, Tyco International, General Dynamics, Honeywell, Johnson Controls, Airbus, Raytheon, Thales, Huawei, Rolta, and 3xLogic.
Europe To Contribute Majorly Towards Overall Market Revenue By 2032
The growth of critical infrastructure protection industry in Europe during forecast timeline is owing to massive spending on critical infrastructure protection in countries such as UK, Russia, and France. Rise in BYOD (Bring Your Own Device) trends across myriad sectors will enhance need of critical infrastructure protection systems in Europe, thereby driving regional market trends.
Massive acceptance of risk management solutions and adoption of cost-efficient data security services will embellish regional market growth over anticipated timeframe.
The global Critical Infrastructure Protection market profiles key players such as:
By End-User
By Component
By Region
FrequentlyAsked Questions
Surge in number of cyber-attacks and stringent execution of government laws for safety of the country has resulted in humungous growth of critical infrastructure protection industry during 2024-2032. Rise in spending on information technology and setting up of proficient automated tools will embellish business landscape. Apart from this, a steep increase in security violations and growing attacks on physical security systems will generate new growth avenues for critical infrastructure protection industry in foreseeable future. Escalating need for securing OT network system will expedite market trends. Onset of industry 4.0 revolution is projected to bring a paradigm shift in critical infrastructure protection market over the upcoming years.
Moreover, onset of next-gen technologies coupled with easy availability of wireless networking facility even in remote areas will help critical infrastructure protection market gain traction in near future. Massive inclination towards online transformation and increase in deployment of cloud computing tools along with upgradation of infrastructure security will promulgate up market size.
Critical Infrastructure Protection Market size worth at USD 2.94 Billion in 2023 and projected to USD 12.29 Billion by 2032, with a CAGR of around 17.2% between 2024-2032.
Europe will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to massive spending on critical infrastructure protection in countries such as UK, Russia, and France. Rise in BYOD (Bring Your Own Device) trends across myriad sectors will enhance need of critical infrastructure protection systems in Europe, thereby driving regional market trends. Massive acceptance of risk management solutions and adoption of cost-efficient data security services will embellish regional market growth over anticipated timeframe.
The key market participants include Teltronic, Hexagon AB, BAE Systems, Optasense, Lockheed Martin, SCADAfence, Tyco International, General Dynamics, Honeywell, Johnson Controls, Airbus, Raytheon, Thales, Huawei, Rolta, and 3xLogic.
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