The critical infrastructure protection market is projected to grow at a considerable CAGR of around 9% during the forecast period (2020-2026). Cohesive government support for critical infrastructure protection is a key factor driving the growth of the global critical infrastructure protection (CIP) market. Critical infrastructure can be defined as the assets which are essential for the functioning of an economy or a nation which includes infrastructure such as electricity generation plants, transmission & distribution, oil & gas production, transport & its distribution, telecommunication network, water supply, and drainage network, public health i.e. hospitals, financial services such as banks, share market and so on. 

For securing, the critical infrastructure the government has launched several protection programs on the national level. For instance, the European Commission has provided the European Program for Critical Infrastructure Protection (EPCIP) for the security of critical infrastructure in the region. The directives provided a list of critical infrastructure in Europe and guidelines for the security of them. The committee decided that in every critical infrastructure there should be an Operator Security Plan (OSP) which will cover the identification of each important asset, selection and prioritization of countermeasures and procedure. 

Germany’s critical infrastructure program is managed by the Federal Ministry of the Interior. The IT system is managed by the German Federal Office for Information Security or the Federal Office of Civil Protection and Disaster Assistance. In the UK, the information, personnel and physical security are provided by the center for the Protection of National Infrastructure, to reduce the threat against terrorism and others. For protecting critical infrastructure in the US, the country has the Critical Infrastructure Protection Program and Patriot Act which identifies and defines the critical infrastructure in the nation. The nation has identified a number of critical infrastructures around the nation and has allocated their security to their respective departments. The rising need to secure Operational Technology (OT) networks due to the increasing cyberattacks is another factor responsible for the high growth of the global critical infrastructure protection market.

Segmental Outlook  

The global critical infrastructure protection market is classified on the basis of security technology and service. Based on security technology, the market is segmented into physical security, network security, and others. Based on service, the market is segmented into risk management services, designing, integration, and consultation, managed services, and maintenance and support. 

Risk management will be a considerable segment based on Service

Risk management of critical infrastructure comprises of solutions designed to create, adapt, and implement a cybersecurity strategy to address the organization’s expected threats and risks while remaining accountable to business objectives. The increasing adoption of risk management approaches by several governments and private businesses is anticipated to offer considerable growth to the market segment. 

Global Critical Infrastructure Protection Market Share by Service, 2019 (%)

Regional Outlook 

The global critical infrastructure protection market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold considerable market share during the forecast period. The early mover advantage is a key factor responsible for the high share of the market in the region. The significant presence of end-users of such instruments along with the presence of key vendors such as Bosch Security Systems Inc., Lockheed Martin Corp., Senstar Inc,  and so on in the region is further making huge contributions towards the high market share in the region. The North American Electric Reliability Corp. (NERC) has declared hefty and strict fines for systems and companies that do not comply with the NERC CIP v.5 requirements. The presence of such strict rules and regulations in the region is enforcing the end-users to make use of these instruments which in turn is promoting the growth of the critical infrastructure market in North America.

Global Critical Infrastructure Protection Market Growth, by Region 2020-2026

Asia-Pacific is anticipated to exhibit considerable CAGR during the forecast period 2020-2026

The Asia-Pacific is expected to make a major contribution to the growth of the global critical infrastructure protection market during the forecast period. Growing infrastructure development in the emerging economies of Asia-Pacific such as China, India, Brazil, South Africa, South Korea, and Argentina has created a huge demand for such instruments to safeguard these infrastructures from external attacks. The GDP of emerging economies such as India & China and developed economies are showing continuous growth from some last years that are depicting positive economic growth. 

Market Players Outlook

The major players operating in the global CIP market include BAE Systems PLC, Honeywell International Inc., United Technology Corp., Airbus SE, General Electric Co., Bosch Security Systems Inc., Lockheed Martin Corp., Puretech Systems, Schneider Electric SE, Senstar Inc., and so on. These players are actively adopting different growth strategies such as partnerships, collaboration, and mergers & acquisitions, geographical expansion among others to sustain their marketplace in the highly competitive market. A new product is a key strategy to remain competitive in the global market. For instance, in May 2020, Mantech, Inc. had launched Space Range, a novel cybersecurity solution that leverages deep research on offensive cyber to facilitate the US military, intelligence community, and commercial space assets from virulent cyberattacks. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global critical infrastructure protection market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.