The critical infrastructure protection global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Critical Infrastructure Protection Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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..
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Scope Of Critical Infrastructure Protection Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
North America was the largest region in the critical infrastructure protection market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the critical infrastructure protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the critical infrastructure protection market report are BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., Airbus SE, Raytheon Technologies Corporation, Thales Group, Hexagon AB, Johnson Controls International plc, Teltronic S. A., General Dynamics Corporation, Optasense Limited, Waterfall Security Solutions Ltd., Rolta India Limited, SCADAfence Ltd., Huawei Technologies Co. Ltd., Confluera Inc., Erkios Systems Inc., McAfee Corp., Kaspersky Lab Inc., Telefonaktiebolaget LM Ericsson, Fortinet Inc., Cisco Systems Inc., Symantec Corporation, International Business Machines Corporation, Microsoft Corporation, NICE Ltd., SAP SE, Verint Systems Inc., Pointillist Inc., ClickFox Inc., Kitewheel LLC, Servion Global Solutions Limited
Table of Contents
1. Executive Summary
2. Critical Infrastructure Protection Market Report Structure
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
35. Appendix
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