The Critical Infrastructure Protection by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Critical Infrastructure Protection, The critical infrastructure protection market size has grown steadily in recent years. It will grow from $140.42 billion in 2023 to $146.21 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to integration of physical and cybersecurity, regulatory compliance requirements, attention to supply chain security, mitigation of insider threats, focus on resilience and business continuity.
The critical infrastructure protection market size is expected to see strong growth in the next few years. It will grow to $184.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to insider threat mitigation, collaboration and information sharing, resilience and business continuity focus, . Major trends in the forecast period include cybersecurity threat landscape,integration of physical and cybersecurity, iot and interconnected systems, regulatory compliance and standards, ai and machine learning in threat detection..
The rise in the adoption of cloud technology and IoT devices is expected to propel the growth of the critical infrastructure protection market going forward. The Internet of Things (IoT) is a system of physical items that uses software and other technologies to connect to devices and systems over the web for transferring data and using cloud technology for storing and accessing data over the internet instead of a computer hard drive. In critical infrastructure, cloud computing provides confidentiality, integrity, and availability of data and compliance with applicable standards. For instance, in December 2021, according to an article published by Eurostat, a Luxembourg-based statistics body for the European Union, 41% of organizations reported using cloud computing services in 2021, a 5.0 percentage-point (pp) rise from 36% in 2020. Therefore, the increase in the adoption of cloud technology and IoT is driving the demand for critical infrastructure protection market.
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The critical infrastructure protection market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Security Technology: Network Security, Physical Security, Other Security Technologies
3) By Vertical: Commercial Sector, Telecom, Chemical and Manufacturing, Oil and Gas, Other Verticals
Technological advancements are the key trend gaining popularity in the critical infrastructure protection market. Major companies operating in the critical infrastructure protection sector are focused on developing technologically advanced products to strengthen their market position. For instance, in February 2022, Forcepoint, a US-based software company, launched Forcepoint One, a cloud platform developed with zero trust and SASE (secure access service edge) technologies. This product enables organizations to protect their infrastructures by managing one set of policies from a single console. Users can manage a wide variety of security services while reducing costs and managing over 50-point products. This platform is an all-in-one security platform that is simplified for traditional and remote workforces and allows them controlled access to information on the web, cloud, or in any private applications.
The critical infrastructure protection market report table of contents includes:
1. Executive Summary
2. Critical Infrastructure Protection Market Characteristics
3. Critical Infrastructure Protection Market Trends And Strategies
4. Critical Infrastructure Protection Market – Macro Economic Scenario
5. Global Critical Infrastructure Protection Market Size and Growth
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31. Global Critical Infrastructure Protection Market Competitive Benchmarking
32. Global Critical Infrastructure Protection Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Critical Infrastructure Protection Market
34. Critical Infrastructure Protection Market Future Outlook and Potential Analysis
33. Appendix
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