Critical Infrastructure Protection Market Size in 2023 To 2029 | BAE Systems (US), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), and Huawei

The report offers a detailed measurement of the drivers, development, and prospects that have a direct impact on the Critical Infrastructure Protection market. The market study contains an in-depth analysis of the international Critical Infrastructure Protection Market based on the key boundaries that encompass the drivers, sales inquiry, market limits & share. The report further highlights assessing the market size of four key regions, namely North America, Europe, Asia-Pacific, and Rest of World.

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The major critical infrastructure protection market vendors include BAE Systems (US), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), and Huawei (China).

The research study is considered to guide the readers with an intensive valuation of the current industry trends and breakdown. The report spans the global Critical Infrastructure Protection market research data of different entities, benefits, gross margin, calculated decisions of the worldwide market, and more through tables, charts, and infographics. Other significant aspects studied in this report include demand and supply dynamics, import & export scenarios, R&D development activities, industry developments, and cost structures. In addition, consumption demand and supply figures, cost of production, and selling price of products are also estimated in this report.

This report will help new entrants or stakeholders to acknowledge the complete market dynamics. Critical Infrastructure Protection market report examines the competitive scenario along with the future market landscape with the help of various restrictions such as Porter's five forces and parent/peer market. Consider the portfolios of the key market players working in the market united with the complete detailed study of the products and services they offer. This report will help readers understand the impact of government rules during the Covid-19 pandemic and estimate the market throughout the global pandemic. The Global Critical Infrastructure Protection Market also spotlights the main players working in the sector. Their product portfolio, business policies, company profiles, and revenue share are also thoroughly described in the report. In the end, the study defines the strategies such as partnership, development, collaboration, joint projects, and others executed by the leaders to enhance their status in the sector.

"Increasing cyber threats faced by critical infrastructure industries has driven the market's growth."

The global critical infrastructure protection market is projected to grow from USD 143.0 billion in 2023 to USD 162.5 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 3.3% from 2022 to 2027.

Some factors driving the market growth include increasing cyberthreats organizations face and government initiatives towards adopting critical infrastructure protection solutions. However, the lack of trained cybersecurity professionals to analyze CIP systems and interoperability between CIP solutions is expected to hinder the market growth.

"Physical Safety and Security to hold largest market size during the forecast period"

The physical safety and security segment includes physical identity and access control systems, perimeter intrusion systems (RADAR and sensors), video surveillance systems, screening and scanning, and others (facility management systems, emergency response, and disaster management).Physical safety & security is the protection of physical assets, such as hardware, programs, premises, and personal data, from physical threats. Ignoring these threats can lead to severe damages or losses to owners and users. Secure and robust security systems such as high-quality video surveillance and perimeter security systems are integrated into the premises to monitor ongoing activities in and around the premises. Video surveillance has improved drastically with the inception of video analytics and technologies, such as thermal cameras and biometric authentication. Some systems now use microwaves and radio waves to create perimeters that can alert security teams about threats. The increased adoption of video surveillance supported by facial recognition technology is observed in various application areas, including border control, law enforcement, and government and public utilities.

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Research Coverage

The report segments the critical infrastructure protection market. It forecasts its size by component(solution, services),security type (physical safety and security, cybersecurity), vertical(financial institutions, government, defense, transport and logistics, energy and power, commercial sector, telecom, chemicals and manufacturing, oil and gas, and other verticals) and region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).

Key Benefits of Buying Report

The report is expected to help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall critical infrastructure protection market and sub-segments. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

This release was published on openPR.