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Critical infrastructure protection market (CPI) was estimated at USD 102.37 billion in 2017. This market is expected to reach USD 158.79 billion by the end of 2023, at a CAGR of 7.59% during the forecast period (2018 - 2023) |Key Players- BAE SYSTEMS, EMC

11-15-2018 08:46 PM CET | Industry, Real Estate & Construction

Press release from: Market Prognosis

NORTH AMERICA TO DOMINATE THE MARKET
North America occupies the largest market share, globally, accounting for 34% of the global market in terms of revenue, and market forecasts indicate that this trend is expected to continue. Additionally, the CIP Market has grown to be a mature market in the United States, where the program to ensure safety and security of critical and IT infrastructures was introduced in the year 1996.

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Factors such as IT and infrastructure investments, coupled with the changing regulatory requirements are affecting the modernization of the sector, with large growth opportunities observed in analytics, followed by advanced metering infrastructure and network operations software are expected to drive the growth of the market. Risk Management Services to dominate the market by services. It involves taking protective measures to conduct a risk reduction strategy

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Market Segments:
Critical infrastructure protection market is segmented by:
1. Services: Risk Management Services, Designing, Integration and Consultation, Managed Services, Maintenance and Support.
2. Vertical: Energy and Power, Transportation System, Sensitive Infrastructure and Enterprises
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa.

KEY DEVELOPMENTS IN THE MARKET
• December 2017: BAE Systems has secured a new seven-year contract from the UK Ministry of Defence’s (MoD) Maritime Combat Systems (MCS) team for the Royal Navy’s Joint Support Solution 2 (JSS 2) programme.
• November 2017: SecurityMatters and Waterfall Security Solutions announced a global partnership to protect industrial control systems from the most advanced cyber threats.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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You can edit or delete your press release Critical infrastructure protection market (CPI) was estimated at USD 102.37 billion in 2017. This market is expected to reach USD 158.79 billion by the end of 2023, at a CAGR of 7.59% during the forecast period (2018 - 2023) |Key Players- BAE SYSTEMS, EMC here

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