Critical Infrastructure Protection Market to grow from a market value of USD 102.37 billion in 2017 to 158.79 billion by 2023| Major Players - BAE SYSTEMS, EMC CORPORATION, WATERFALL SECURITY SYSTEMS, GENERAL DYNAMICS, HONEYWELL INTERNATIONAL, amongst oth

Market Analysis:

NORTH AMERICA TO OCCUPY MAJOR SHARE IN THE MARKET
North America was among the first to adopt Critical Infrastructure Protection programs and regulations across multiple industry verticals. It also 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.

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There exists a global demand for ensuring economical solutions are handling threats and attacks. The applications of the technology are increasing in magnitude across all the major industry verticals which have been considered within the scope of the study. Another prominent trend observed in the market is the adoption of the technology in countries without a history of security lapses or agendas. The issue, which was once considered a non-issue in certain economies has emerged as a priority today. The application and the large-scale smart grid implementation across various geographies and verticals are causing the smart grid market to grow rigorously. The technology helps optimize the loss of energy during transmission and distribution; ensuring reduction in electricity consumption. Risk Management Services involve taking protective measures to conduct a risk reduction strategy. This segment includes aspects of risk detection, risk assessment and risk reduction.

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Market Segments:
Critical Infrastructure Protection Market is segmented by:
1. Security Technology: Network Security, Physical Security, Vehicle Identification Management, Building Management Systems, Secure Communication, Radars, SCADA security, CBRNE
2. Services: Risk Management Services, Designing, Integration and Consultation, Managed Services, Maintenance and Support
3. Vertical: Energy and Power, Transportation System, Sensitive Infrastructure and Enterprises
4. 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 Defense’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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