Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for military industry professionals · Friday, December 13, 2024 · 768,640,817 Articles · 3+ Million Readers

The Rise of Critical Infrastructure Protection Market: A $178.3 billion Industry Dominated by BAE Systems, Lockheed Martin, General Dynamics | MarketsandMarkets™

/EIN News/ -- Delray Beach, FL, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The global Critical Infrastructure Protection Market size is projected to grow from USD 148.1 billion in 2024 to USD 178.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period.

Browse in-depth TOC on "Critical Infrastructure Protection Market"

559 - Tables
53 - Figures
398 - Pages

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=988

Critical Infrastructure Protection Market Dynamics:

Drivers

  • Rising cyberattacks on critical infrastructure systems
  • Government initiatives drive growth in critical infrastructure protection
  • Technological development drives evolution in critical infrastructure protection

Restraints

  • Lack of trained cybersecurity professionals
  • Interoperability gap among critical infrastructure protection solutions

Opportunities

  • Rising adoption of IoT
  • Rising infrastructure investment spurs demand for enhanced protection measures

List of Key Players in Critical Infrastructure Protection Market:

  • BAE Systems (US)
  • Lockheed Martin (US)
  • General Dynamics (US)
  • Northrop Grumman (US)
  • Honeywell (US)
  • Airbus (France)
  • Thales (France)
  • Hexagon AB (Sweden)
  • Johnson Controls (US)
  • Motorola Solutions (US)

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=988

The rise in cyberattacks on critical infrastructure, coupled with increasing investments in sectors like data centers and EV charging, drives the demand for enhanced CIP measures.

Government initiatives worldwide, including stringent regulations and collaborative efforts from agencies like DHS and CISA in the US and similar programs in Europe, India, and Australia, further emphasize the importance of robust cybersecurity and resilience, fueling the growth of the CIP market.

Trend: Quantum-Resistant Cybersecurity

Integrating Quantum-Resistant Cybersecurity technology, including post-quantum cryptography (PQC) and zero trust architecture (ZTA), marks a significant trend in CIP. These technologies address vulnerabilities in traditional cryptography, ensuring long-term security for critical infrastructure. Companies like ID Quantique and CyberProtonics exemplify this trend with advanced solutions that protect diverse domains from emerging quantum threats.

Trend: Blockchain Technology

Integrating blockchain technology in critical infrastructure protection (CIP) represents a significant technological trend, enhancing cybersecurity and resilience across sectors. Its decentralized, immutable, and transparent nature ensures tamper-proof records and secure transactions, reducing data manipulation and cyberattack risks. This innovation fosters trust and integrity in essential services, as evidenced by the Indian government's exploration of blockchain applications. It highlights its transformative potential in safeguarding critical infrastructure in an interconnected world.

Trend: Big Data Analytics

Integrating Big Data Analytics in critical infrastructure protection (CIP) represents a significant technological trend, enhancing the detection and prevention of cyber threats. Big Data Analytics improves threat detection accuracy and response speed by aggregating data from diverse sources and leveraging machine learning and AI algorithms. This technology aids in understanding cybercriminal behavior and integrates with existing security measures, creating a comprehensive security framework to protect critical assets against evolving threats.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=988

By solution, the software segment accounts for the highest CAGR during the forecast period.

The rapid growth of the software segment in the Critical Infrastructure Protection (CIP) market stems from the increasing complexity of cyber threats targeting critical infrastructure assets worldwide. While legacy control systems remain segregated from the internet, the proliferation of IoT and IIoT technologies has introduced new vulnerabilities, leading to a surge in cyberattacks on critical infrastructure in recent years. CIP solutions leverage various software, including biometric authentication and advanced AI and ML technologies, to enhance security measures. These software solutions enable proactive detection and remediation of suspicious activities, unauthorized access attempts, and invasive intrusions into enterprise networks. With the escalating threat landscape and the rise of sophisticated cyberattacks targeting energy, utilities, and other sectors, efficient software becomes indispensable in quickly identifying threat actors and mitigating potential risks, making it a crucial component of the entire CIP process.

By vertical, the commercial sector vertical accounts for a larger share of the market.

The dominance of the commercial sector vertical in the Critical Infrastructure Protection (CIP) market is attributed to its critical importance and significant impact on national security and the economy. Commercial establishments such as hospitals, stadiums, malls, and offices are vital infrastructures requiring robust protection due to the high density of people and the heightened risk of potential threats. Despite existing security measures like CCTV cameras and access checks, these environments often face security gaps, necessitating advanced technologies for comprehensive security coverage. The growing threat of cyberattacks targeting critical infrastructure, as highlighted by the BlackBerry Global Threat Intelligence Report, further underscores the imperative for robust defenses. With over two million attacks thwarted in a short period and a surge in novel malware incidents, there is a pressing need for advanced AI-based defenses to effectively combat evolving threats targeting the commercial sector's critical infrastructure.

Get access to the latest updates on Critical Infrastructure Protection Companies and Critical Infrastructure Protection Industry


About MarketsandMarkets™
                    
                    MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
                    
                    MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
                    
                    Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
                    
                    The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
                    
                    Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
                    
                    To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
                    
                    Contact:
                    Mr. Rohan Salgarkar
                    MarketsandMarkets Inc.
                    1615 South Congress Ave.
                    Suite 103, Delray Beach, FL 33445
                    USA : 1-888-600-6441
                    UK +44-800-368-9399
                    Email: sales@marketsandmarkets.com
                    Visit Our Website: https://www.marketsandmarkets.com/

Primary Logo

Powered by EIN News

Distribution channels: Banking, Finance & Investment Industry, Business & Economy, Media, Advertising & PR, Politics, Science ...

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Submit your press release