Critical Infrastructure Protection Market

Critical Infrastructure Protection Market - An Overview

The global critical infrastructure protection market is expected to witness moderate growth during the forecast period between 2021 and 2031.

Critical infrastructure protection refers to the need to offer protection to a region's key infrastructure sectors such as chemical, transportation, and defense. Critical infrastructure protection has proven beneficial in protecting the key sectors from any terrorist attacks and other security threats.

Some of the services offered by critical infrastructure protection solutions include risk management services, maintenance and support, managed services, and designing, integration, and consultation.

The outbreak of the COVID-19 pandemic positively impacted the growth in the global critical infrastructure protection market. With the imposition of strict social distancing regulations and lockdowns in a bid to contain the spread of the virus, employees in different end-use industries were forced to work remotely.

This led to an increased need to protect key infrastructures and helped fuel the demand for critical infrastructure solutions, which helped in the growth of the overall market.

Critical Infrastructure Protection Market - Trends and Opportunities

Rising number of strict government regulations in a bid to increase the adoption of critical infrastructure protection solutions is the key growth driver for the global critical infrastructure protection market.

Also, increasing number of security breaches and other threats to physical systems is expected to fuel the growth in the overall critical infrastructure protection market, in the coming years.

In addition to this, growing need to protect operational technology networks is anticipated to propel the global critical infrastructure protection market, in the years ahead.

Advancements to existing products with the integration of new technologies could also bolster product demand, in future.

Security technologies component segment is expected to make the largest contribution to the overall critical infrastructure protection market because of growing adoption of cybersecurity solutions in industrial control systems and other operational technologies.

Commercial sector is anticipated to contribute the most to the global market because of increased product adoption at facilities such as hospitals, malls, stadiums, and workplaces.

Critical Infrastructure Protection Market - Competitive Landscape

The global critical infrastructure protection market is extremely competitive, with the presence of several well-established players, many of whom are expected to account for a large share in the overall market, in future.

Prominent critical infrastructure protection market players are expected to engage in growth strategies such as novel product launches, in a bid to gain a competitive edge over others.

Well-established critical infrastructure protection market players could collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.

The smaller players will seek funding from private investors which could help them in their long-term growth.

Some of the leading players in the global critical infrastructure protection market include General Dynamics, BAE Systems, Airbus, Honeywell, and Motorola Solutions.

Critical Infrastructure Protection Market - Regional Assessment

The global critical infrastructure protection market is divided into four regions, namely, North America, Asia Pacific, Europe, and rest of the world.

North America is expected to be the dominant region in the global critical infrastructure protection market because of continuous expansion witnessed in the regional market owing to the implementation of several regulatory associations such as NIPP in countries such as US and Canada.

Europe is expected to offer lucrative growth opportunities for the overall critical infrastructure protection market owing to the presence of several well-established market players in countries such as UK and France.

Asia Pacific is expected to witness moderate growth in the global critical infrastructure protection market in future owing to lack of complete awareness about the product benefits in countries such as India.

The rest of the world is expected to witness sluggish growth in the overall critical infrastructure protection market, in the coming years.