Critical Infrastructure Protection Market 2021 report explores the future trends, top companies development and forecasts-Bae Systems PLC, Honeywell International Inc

Critical Infrastructure Protection Market by Component, Application, Services, and Region- Forecast to 2025

The Global Critical Infrastructure Protection Market Research Report 2021-2025 published by Market Insights Reports is a significant source of keen information for business specialists. It furnishes the Critical Infrastructure Protection business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Critical Infrastructure Protection worth chain and its wholesaler examination. Critical Infrastructure Protection Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The global critical infrastructure protection market was valued at USD 71.83 billion in 2019 and is projected to be worth USD 108.57 billion by 2025, registering a CAGR of 7.08% during the period from 2020 to 2025.

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Top Leading Companies of Critical Infrastructure Protection Market are Bae Systems PLC, Honeywell International Inc., Airbus SE, Hexagon AB (Intergraph Corporation), General Electric Company, Mcafee Inc. (TPG Capital), Waterfall Security Solutions, Lockheed Martin Corporation, Northrop Grumman Corp., Kaspersky Lab Inc., Ericsson AB and others.

-Critical Infrastructure Protection Market Analysis

-Industry News And Updates on Critical Infrastructure Protection Market-

North America is Expected to Hold Major Share

- Owing to the growing adoption of CIP solutions and services across different end-user verticals in the region, North America is expected to be a prominent market. The region has a strong foothold of vendors, which contributes to market growth positively. Some of them include Honeywell International Inc., Raytheon Co., General Electric Co., General Dynamics, Lockheed Martin Corporation, and Northrop Grumman Corporation.

- In October 2019, the Department of Homeland Security (DHS) selected Raytheon to help protect government networks. Raytheon would offer full lifecycle development and sustainment support under a new contract costing USD 1 billion.

-Key Market Trends Critical Infrastructure Protection Market-

Sensitive Infrastructure and Enterprises Sector Vertical to Grow at the Highest Rate

- The financial services sector is a vital component of the nation's critical infrastructure. Recent natural disasters, large-scale power outages, and an increase in the number and sophistication of cyberattacks demonstrate the wide range of potential risks facing the sector.

- Owing to the presence of a large networking framework, coupled with sensitive and critical data, the BFSI sector is facing several data breaches and cyberattacks, due to the large customer base served by the industry. ATMs face various security challenges, such as robberies, vandalism, and fraud.

- The increasing customer propensity towards ATM withdrawals is also expected to contribute to the markets growth. For instance, the Reserve Bank of India (RBI) has made it mandatory for banks to have the entire area under CCTV surveillance. The primary aim is to identify unscrupulous elements, like the circulation of fake currency in the banking system.

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