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Critical Infrastructure Protection Market

Critical Infrastructure Protection Market: Information by Component (Security Technologies, Services), Solution (Physical Safety and Security), and Region- Forecast till 2030

Published On : 17 Oct, 2022
Updated On : 18 Oct, 2022
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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
3.58 %
Fastest Growing Market:
Asia-Pacific
Largest Market:
North America

The global critical infrastructure protection market size was valued at USD 136.20 billion in 2021, and is projected to reach USD 186.92 billion by 2030, registering a CAGR of 3.58% from 2022 to 2030. Organizations responsible for critical infrastructure must utilize a robust architecture capable of anticipating and mitigating disaster throughout the necessary infrastructure environment. Critical Infrastructure Protection (C.I.P.) aids businesses in preparing for and responding to catastrophic disasters affecting virtual infrastructure environments and safeguarding themselves from an ever-growing array of threats. Threats can have devastating effects, endangering the global economy and entire communities. The success of projects that secure vital infrastructure depends on creating robust and substantial partnerships between governments and private entities. Equally crucial to the success of these initiatives are the solutions used for their management and implementation. Additionally, it is essential to comprehend the threats that could compromise the integrity of critical infrastructure systems.

A country's economic stability, national security, safety, and health are significantly impacted by disruptions in the energy grid, manufacturing, information technology, and transportation. Multiple governments have established federal cybersecurity rules and regulations to protect critical infrastructure. President Donald Trump instructed the Cyber Security and Infrastructure Security Agency (C.I.S.A.) to identify vulnerabilities in the nation's vital infrastructure. Recently, the C.I.S.A. released 55 essential services to regulate physical damages, operational disruptions, and intellectual property infringement. The Department of Homeland Security (D.H.S.) has cooperated with partners from the private sector to develop infrastructure security systems. The U.S. government maintains close relationships with private-sector firms, as the private sector owns and operates 85 percent of crucial infrastructure. Public Safety Canada, a cybersecurity organization, has collaborated with key stakeholders to enhance the security and resiliency of vital assets like food supply, energy and utilities, public safety systems, and information and communications technology (I.C.T.).

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Market Dynamics

Global Critical Infrastructure Protection Market Drivers

Growing government policies

Numerous organizations are deploying critical infrastructure solutions due to government policies and norms and the growing number of cyber threats, which are the market's primary drivers. In addition, critical infrastructure protection is increasingly using cloud computing for enterprises, accelerating the market's expansion. Internet of Things (IoT) rising popularity is another factor driving the growth of the critical infrastructure protection industry. As worldwide terrorist assaults have escalated and government rules have mandated it, physical security plays a crucial part in the market for critical infrastructure protection. Biometrics, access control, video surveillance, and technical assistance are some items on the physical security market.

Utilization of Critical Infrastructure Protection Solutions to Increase as Cyber and Terrorist Attack Risks Rise

Critical infrastructure is constantly at risk from natural and artificial dangers and hazards, such as extreme weather, failing or aged infrastructure, cyberattacks, and terrorism threats. Large industrial critical infrastructures depend mainly on Internet connectivity for remote monitoring and management. The cyberattack or any other danger to energy infrastructure, telecommunications, transportation, finance, healthcare, and defense can have catastrophic effects and may hinder the global economy. To prevent cyber and terrorist threats, several sectors are developing critical infrastructure protection solutions in their environments. Regulation (E.U.) 2017/1938, for instance, addresses a severe gas supply crisis caused by many risk factors, such as terrorism, cyberattacks, and sabotage, by establishing standards for regional emergency preparedness and risk assessments based on the concept of solidarity.

Global Critical Infrastructure Protection Market Restraints

Complexities in forming a partnership between the private sector and government will inhibit economic expansion

To defend the vital infrastructure from immoral activities, it is essential to continuously gather and evaluate data from various internationally distributed sources, including random threats, new occurrences, and computer intrusions. However, it is challenging to collect and construct a worldwide and comprehensive picture of activity on the global information infrastructure. It has become vital for various stakeholders, businesses, and the government to form solid relationships to ensure that the correct data is presented in the right place and at the right time. However, developing partnerships for coordination and information sharing is challenging, as parties with diverse interests and expectations must establish trust.

Global Critical Infrastructure Protection Market Opportunities

Increasing usage of cloud computing and iot devices

IoT (the Internet of Things) and Cloud computing are important in increasing the demand for critical infrastructure protection solutions. Essential infrastructure businesses such as communication, I.T., energy, and financial services have chosen cloud solutions for storing personal and confidential data because cloud technology offers dependable, cost-effective, and scalable solutions. D.H.S. reports that 86% of owners and operators of critical infrastructure in high-tech industries have implemented cloud solutions. The analysis reveals that spending by various industries on critical infrastructure utilizing cloud services is likely to climb from USD 154 billion in 2021 to USD 223 billion by 2025. IoT projects like smart cities, smart infrastructure, and smart grids are expanding exponentially. Cisco indicates that 50 billion machines will be connected to the Internet of Things by 2021. Internet of Things Security Institute (IoTSI) has released an IoT security framework with rules to defend, control, and maintain IoT security across smart cities and critical infrastructure to secure IoT connections over critical infrastructure. The edge building in Amsterdam, Netherlands, utilizes smart grid technology and is anticipated to save CO2 emissions by 42 million kg; it is the world's greenest and most intelligent building. The expansion of smart city programs fuels the demand for essential infrastructure. According to a survey by the Institute for Electric Innovation (I.E.I.), the number of smart meter installations is predicted to increase from 98 million USD in 2019 to 107 million USD in 2021. Salt River Project (S.R.P.), Energy Advanced Metering Infrastructure (A.M.I.), and A.E.P. Ohio are notable smart grid projects. These projects are located in the United States, including Louisiana, Ohio, Mississippi, and Texas.

Segmentation of the Global Critical Infrastructure Protection Market

The industry can be divided into two distinct subcategories: security technologies and security services. During the duration of the forecast, it is anticipated that the Security Technologies segment will keep its dominant position in the market, resulting in a revenue share. The growth of this market segment can be ascribed, in part, to the increased incorporation of cybersecurity solutions into SCADA systems, industrial control systems, and other operational technology systems.

During the time period covered by this prediction, the market for physical safety and security solutions would be the most lucrative. Physical safety and security refer to safeguarding tangible assets, such as computer hardware and software, real estate, and individual data, against the perils of the physical world. If these dangers are ignored, the owners and users of the property could sustain considerable harm or loss. Every significant piece of infrastructure requires the installation of many physical barriers as a prerequisite for providing adequate physical security. C.I.P.'s most pressing concerns remain, as they have been for some time, acts of terrorism and natural disasters. The use of video surveillance equipment and software for video analytics allows for monitoring crowds in public spaces and in private companies. There has been seen to be an increase in video surveillance deployment that is enabled by face recognition technology in a range of application domains. These domains include border control, law enforcement, government, and public utilities. The physical safety and security segment contain a variety of systems, including perimeter intrusion systems (including RADARs and sensors), screening, video surveillance systems, scanning equipment, and more (facility management systems, emergency response, and disaster management).

The commercial sector is expected to experience the highest compound annual growth rate (CAGR) during the period covered by the forecast. In the retail industry, examples of sensitive zones include venues such as hospitals, arenas, theatres, auditoriums, shopping malls, places of worship, and workplaces. Protecting these infrastructures is vital for a country's security and economy. These locations are crawling with people at all times. Even with the installation of closed-circuit television cameras and the screening of individuals before they are allowed access to facilities, it is impossible to guarantee complete safety. A simple oversight can lead to catastrophic financial consequences. Applying the proper technology and providing the most up-to-date information to those in decision-making positions are required to ensure safety in challenging circumstances. This industry's rise is driven by the requirement for comprehensive coverage and increased operating efficiencies. This is because essential infrastructures typically span large areas.

Regional Analysis of the Global Critical Infrastructure Protection Market

In terms of volume, North America is anticipated to have the largest market. By implementing several bodies and policies, such as the Homeland Security Presidential Directive (HSPD-7) and the National Infrastructure Protection Programme, the United States government is committing to expanding the regional market (N.I.P.P.). In addition, the National Strategy and Action Plan for Critical Infrastructure implementation have built a risk-based framework for bolstering the resiliency of Canada's essential systems and assets, enhancing the overall market expansion.

Critical Infrastructure Protection Market Regional Analysis

Regional Growth Insights Request Sample Pages

The North American region includes country-by-country analyses of the United States and Canada. Public-private partnerships (P.P.P.s) and global collaborations have improved the security and resilience of the region's essential infrastructure. as per to the Department of Homeland Security (D.H.S.), 85 percent of the critical infrastructures of the United States, including oil and gas, electric power grids, banking and finance, transportation, utilities, and defense, are owned by the private sector. In comparison, the remaining 15 percent are regulated by the government. The National Infrastructure Protection Plan (N.I.P.P.) enables state, regional, federal, municipal, and international governments to collaborate with their corporate partners to ensure effective risk management and security of the region's vital infrastructure. For instance, the energy and power grid sector in the region requires public, private, and regulatory cooperation between the Department of Homeland Security (D.H.S.), the Department of Energy (D.O.E.), and the Department of Defense (D.O.D.) to protect their Operational Technology (O.T.) systems from cyber threats. International cooperation between Public Safety (P.S.) Canada and the U.S. Department of Homeland Security (D.H.S.) have enabled real-time collaborations on critical infrastructure cybersecurity issues.

Competitive Landscape

BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (US), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), Huawei (China), Optasense (England), Teltronic (Spain), Motorola Solutions (US), Axis Communications (Sweden), Waterfall Security Solutions (Israel), Rolta (India), SCADAfence (Israel), Tyco International (Ireland), and 3xLogic (US), Sightlogic(US), Accritical Infrastructure Protectioniter Radar (US).

Recent Developments

  • In July 2022, Embraer and BAE Systems announce collaboration for the C-390 Millennium and Eve eVTOL.
  • In July 2022, BAE Systems, Delivering advanced M-Code GPS products to Germany.
  • In July 2022, Lockheed Martin, Sikorsky Delivers CH-53K® Helicopter To U.S. Marine Corps.
  • In June 2022, General Dynamics Land Systems Wins U.S. Army Competition For Mobile Protected Firepower Vehicles.

Global Critical Infrastructure Protection Market: Segmentation

By Component

  • Security Technologies
  • Services

By Solution

  • Physical Safety and Security
  • Physical Identity and Access Control Systems
  • Perimeter Intrusion Detection Systems
  • Video Surveillance Systems
  • Screening and Scanning
  • Others
  • Cybersecurity
  • Encryption
  • Network Access Controls and Firewalls
  • Physical safety and security will have the largest market size by solution over the forecast period, Threat Intelligence
  • Other Cybersecurity Solutions

By Vertical

  • Financial Institutions
  • Defence
  • Commercial Sector
  • Transport and Logistics
  • Energy and Power
  • Telecom
  • Chemical and Manufacturing
  • Other Verticals

By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA
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