Critical Infrastructure Protection Market Size, Share, Price, Demand, Growth, Revenue Statistics and Forecast to 2020-25

According to the latest report by IMARC Group, titled “Critical Infrastructure Protection Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global critical infrastructure protection market size reached a strong growth in 2019. Critical infrastructure protection (CIP) is a security solution that safeguards systems, assets, and networks from potential threats. It includes multiple solutions, such as firewalls, identity and access management, risk and compliance management, antiviruses, intrusion detection systems, and encryption systems. These systems secure information regarding power grids, railways, nuclear plants, and hydro plants from cyberattacks that can threaten national security, public safety, or cause environmental disasters. CIP solutions utilize wireless technology, industrial control systems (ICS), operation technology (OT), and Supervisory Control and Data Acquisition (SCADA) systems for additional security.

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The growing incidents of security breaches and cyber-attacks that threaten infrastructural development are primarily driving the growth of the CIP market. The increasing demand for enhancing the security and safety of government information is also fueling the market. Furthermore, the prevalent trend of Bring-Your-Own-Devices (BYOD) across industries has augmented the demand for CIP systems. Additionally, the growing penetration of internet and interconnected network architecture has compelled federal and security organizations to secure cyberspace and minimize threat vulnerabilities. Moreover, the instigation of the Internet of Things (IoT), big data, cloud computing, and artificial intelligence (AI) solutions, further bolster the market growth. Rapid development in the information technology (IT) infrastructure and risk management services will continue to drive the CIP market. Looking forward, IMARC Group expects the global critical infrastructure protection market to continue its strong growth during the next five years.

Market Breakup by Component:
• Solutions
• Physical Security Solutions
o Physical Identity and Access Control Systems
o Perimeter Intrusion Detection Systems
o Video Surveillance Systems
o Screening and Scanning
o Others
• Cyber Security Solutions
o Encryption
o Network Access Control and Firewalls
o Threat Intelligence
o Others
• Services
• Designing and Integration Services
• Consultation Services
• Risk Management Services
• Maintenance and Support Services

Market Breakup by End User:
• Financial Institutions
• Government
• Defense
• Transport and Logistics
• Energy and Power
• Commercial Sector
• Others

Competitive Landscape with Key Player:
• BAE Systems PLC
• Lockheed Martin Corporation
• General Dynamics Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• Airbus SE
• Hexagon AB
• Waterfall Security Solutions
• General Electric Company
• McAfee Inc. (TPG Capital and Intel Corporation)
• Raytheon Company (United Technologies Corporation)

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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