Covid-19 Analysis on Critical Infrastructure Protection Market 2020: Industry Demand, Supply, Growth Factors, Latest Rising Trend & Forecast to 2023

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31 Jul 2020, 05:14 GMT+10

Global Critical Infrastructure Protection Market: by Technology (Cyber Security, Physical Security), Service (Consulting, Managed, Risk Management, Maintenance & Support), Vertical (Transportation Services, Energy & Power) - Forecast till 2023

Market Overview

Quick response to serious incidents that involve the protection of critical infrastructure of a particular region is known as critical infrastructure protection. It includes vulnerability, assessments of protection, risk, and mitigation. A rise in security breaches and cyber-attacks are primary factors driving the global critical infrastructure protection market. The increasing emergence of cloud-based technologies is another major factor contributing to the ascension of market over the forecast period. As per the report on critical infrastructure protection launched by Market Research Future (MRFR), the market is expected to witness a 15% CAGR between 2017-2023.

Other factors contributing to the upscaling critical infrastructure protection market include increasing demand for mobile applications and the growing popularity of e-commerce. Further, burgeoning implementation of cloud-based services for business processes is supplementing market growth. Moreover, growing awareness of security and surveillance is leading to higher ascension of the market. Hefty investments in smart grid technologies are also contributing to the sizeable growth noted in the global critical infrastructure protection market.

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Key Players

BAE Systems (UK), General Dynamics Corporation (US), Honeywell International Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Group SE (Netherlands), Hexagon AB (Sweden), Johnson Controls International PLC (Republic of Ireland), Thales Group (France), Teltronic S.A. (Spain), OptaSense (UK), Motorola Solutions, Inc. (US), Huawei Technologies Co., Ltd. (China), Axis Communications AB (U.S.), Robert Bosch (Germany), IBM Corporation (U.S.), McAfee, Inc. (U.S.) and Symantec Corporation (U.S.) are some of the leaders in the global critical infrastructure protection market, as mentioned in the latest MRFR analysis.

Market Segmentation

The global critical infrastructure market has been studied for several segments based on service, technology, vertical, and region. Based on technology, the segment studied in the report include network security and cybersecurity. The network security segment is anticipated to garner the larger share of the market owing to the upscaling need for such solutions.

Based on services, the global critical infrastructure management market is segmented into consulting services, risk management services, managed services, and maintenance and support services. The managed services segment is set to take on the highest growth trajectory over the forecast period.

Based on verticals, the global critical infrastructure protection market is segmented into sensitive infrastructures and enterprises, transportation systems, and energy and power.

Detailed Regional Analysis

The global Critical Infrastructure Protection Market is segmented into the regions of North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. North America dictated the global critical infrastructure protection market at the beginning of the conjecture period. It is also estimated to retain its market dominion through the forecast period. This can be credited to the burgeoning technological advancements and a rising popularity of security measures in enterprises residing in North America. The US and Canada are anticipated to lead the country-specific market for critical infrastructure protection market through the forecast period. Acceleration in these regions can be owed to the presence of a well-established infrastructure which enables easy integration of latest technologies. Further, ascension in the integration of cloud-based technologies is another factor driving the regional critical infrastructure protection market.

Industry Update

August 2019: India is expected to release its cybersecurity policy in January 2020 to aid the government in making the nation cyber-secure. Some of the most important requirements to be addressed in this policy include proper critical infrastructure protection, public-private partnership and effective coordination between ministries.

LIST OF TABLES

Table 1 Global Critical Infrastructure Protection Market: By Region, 2017-2023

Table 2 North America Critical Infrastructure Protection Market: By Country, 2017-2023

Table 3 Europe Critical Infrastructure Protection Market: By Country, 2017-2023

Table 4 Asia-Pacific Critical Infrastructure Protection Market: By Country, 2017-2023

Table 5 Middle East & Africa Critical Infrastructure Protection Market: By Country, 2017-2023

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LIST OF FIGURES

FIGURE 1 Global Critical Infrastructure Protection Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Critical Infrastructure Protection Market

FIGURE 4 Value Chain Of Global Critical Infrastructure Protection Market

FIGURE 5 Share Of Global Critical Infrastructure Protection Market In 2017, By Country (In %)

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