Critical Infrastructure protection Market Outlook – Global Trends, Forecast, and Opportunity Assessment (2014-2022)
The Global Critical infrastructure protection market is projected treach $145.67 billion by 2022 growing at a CAGR of 9.15% during the forecast period. Some of the key drivers for the market growth include globally existing trend of investment in the smart grids, boost in IT spending, development in the operation of automation solutions, integrated functioning of cloud and CIP, raise in cyber-attacks & cyber-crimes and well-organized policy system & implementations. However, scarcity of technical personnel, a deep understanding of industrial control system and the paucity of interoperability between products are some of the major factors inhibiting the growth of critical infrastructure protection market.
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North America commanded the Critical infrastructure protection market with more than 30% market share in 2014 and this trend is expected tpersist over the forecast period as well. The market is mainly driven by the United States, continues tgrow due tits vulnerability tterrorism, cyber hacking, bio-terrorism, hijacking and other such threats. However, Asia-Pacific is expected tbe the fastest growing market, due trising insider attacks, increasing cyber threats along with growing investments made towards infrastructure security. Risk management service holds the larger part in CIP followed by the designing, integration and consultation segment. Among applications, energy and power segment occupies the maximum market share.
The key players in the global Critical infrastructure protection market are IBM, Cisco, Mcafee, Inc., BAE Systems, Integraph Corporation, EMC Corporation, Kaspersky Lab, Honeywell International Inc., Lockheed Martin and General Dynamics.
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IT & Telecom
Banking & Insurance
Energy and Power
Vehicle Identification Management
Building Management Systems
Scanning and Screening
ID management system
Designing, Integration and Consultation
Risk Management Services
Support and Maintenance
Rest of Asia
Rest of the World
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