Critical Infrastructure Protection Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033

The critical infrastructure protection market size has grown steadily in recent years. It will grow from $140.42 billion in 2023 to $146.21 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to integration of physical and cybersecurity, regulatory compliance requirements, attention to supply chain security, mitigation of insider threats, focus on resilience and business continuity..

The critical infrastructure protection market size is expected to see strong growth in the next few years. It will grow to $184.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to insider threat mitigation, collaboration and information sharing, resilience and business continuity focus, . Major trends in the forecast period include cybersecurity threat landscape,integration of physical and cybersecurity, iot and interconnected systems, regulatory compliance and standards, ai and machine learning in threat detection..

Market Overview -
Critical infrastructure protection refers to a notion that entails guarding against and protecting against cyber-attacks that can harm or interrupt the services that are offered by critical infrastructures. Protecting critical infrastructure involves both preventing and responding to cyberattacks, as well as preventing them from happening in the first place.

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Cloud Technology And IOT Adoption Fuel Growth In Critical Infrastructure Protection Market
The rise in the adoption of cloud technology and IoT devices is expected to propel the growth of the critical infrastructure protection market going forward. The Internet of Things (IoT) is a system of physical items that uses software and other technologies to connect to devices and systems over the web for transferring data and using cloud technology for storing and accessing data over the internet instead of a computer hard drive. In critical infrastructure, cloud computing provides confidentiality, integrity, and availability of data and compliance with applicable standards. For instance, in December 2021, according to an article published by Eurostat, a Luxembourg-based statistics body for the European Union, 41% of organizations reported using cloud computing services in 2021, a 5.0 percentage-point (pp) rise from 36% in 2020. Therefore, the increase in the adoption of cloud technology and IoT is driving the demand for critical infrastructure protection market.

Competitive Landscape -
Major companies operating in the critical infrastructure protection market report are BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., Airbus SE, Raytheon Technologies Corporation, Thales Group, Hexagon AB, Johnson Controls International plc, Teltronic S. A., General Dynamics Corporation, Optasense Limited, Waterfall Security Solutions Ltd., Rolta India Limited, SCADAfence Ltd., Huawei Technologies Co. Ltd., Confluera Inc., Erkios Systems Inc., McAfee Corp., Kaspersky Lab Inc., Telefonaktiebolaget LM Ericsson, Fortinet Inc., Cisco Systems Inc., Symantec Corporation, International Business Machines Corporation, Microsoft Corporation, NICE Ltd., SAP SE, Verint Systems Inc., Pointillist Inc., ClickFox Inc., Kitewheel LLC, Servion Global Solutions Limited

Technological Advancements Drive Innovation In The Critical Infrastructure Protection Market
Technological advancements are the key trend gaining popularity in the critical infrastructure protection market. Major companies operating in the critical infrastructure protection sector are focused on developing technologically advanced products to strengthen their market position. For instance, in February 2022, Forcepoint, a US-based software company, launched Forcepoint One, a cloud platform developed with zero trust and SASE (secure access service edge) technologies. This product enables organizations to protect their infrastructures by managing one set of policies from a single console. Users can manage a wide variety of security services while reducing costs and managing over 50-point products. This platform is an all-in-one security platform that is simplified for traditional and remote workforces and allows them controlled access to information on the web, cloud, or in any private applications.

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Key Segments -
The critical infrastructure protection market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Security Technology: Network Security, Physical Security, Other Security Technologies
3) By Vertical: Commercial Sector, Telecom, Chemical and Manufacturing, Oil and Gas, Other Verticals

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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