Global Critical Infrastructure Protection (CIP) Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Critical Infrastructure Protection (CIP) Market” is an upcoming market research report by MarketResearch.biz. In the report, critical data and information regarding the global critical infrastructure protection market including market threats, drivers, restraints, growth opportunities, competitive landscape, potential revenue opportunities, recent developments in the global market, details of key players in the global market, and regional market analysis are included. Presentation of both estimated and historical revenue growth of the global market in the report provides an in-depth understanding of revenue growth of current as well as over the forecast years. The global critical infrastructure protection market research report is segmented on the basis of security type, service, application, and regions and countries.

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Overview

The notion of critical infrastructure protection (CIP) refers to response and vigilance to serious incidents related to critical infrastructure of an organization, country or region. Critical infrastructure includes transportation, banking and finance, energy, water systems, food production and distribution, federal and municipal services, law enforcement agencies, and other emergency services-both private and government. These systems are must for smooth operations of governments and economies. Also, these systems act as the backbone of a nation’s security, economy, and wealth. Critical infrastructure protection is getting significantly interlinked and automated. However, technology advancements in infrastructure protection has created susceptibilities to equipment failure, physical and cyber-attacks, and human errors. Private and public organizations are increasingly adopting technologies for protecting their critical infrastructure from malevolent objects.

Dynamics

Increasing concern about advanced threats including cutting populations off from power, clean water, emergency supplies, and transportation, thereby affecting economy and country is one among some of the key factors driving growth of the market. Robust cybersecurity posture in any organization can analyze threats and mitigate them. CIP solution ensures non-interrupted functioning of critical infrastructure and safety of organization. It is very important to protect transport, government, energy, and financial infrastructure of every country from natural disasters and terrorist activities. Other key factors projected to drive the global CIP market are increasing cyber-attacks and security breaches, high investment in smart grid technologies, stringent regulations by governments, and adoption of best practices. Moreover, deployment of automation solutions, increasing IT expenditure, and efficient regulations and policies are projected to drive growth of the global critical infrastructure protection market over the forecast period. Lack of technical knowledge about industrial control systems and technically skilled force is a key factor that is expected to restrain growth of the global CIP market over the forecast period. However, increasing research and development and technological advancements are expected to create growth opportunities for key players in the global critical infrastructure market over the forecast period.

Global Critical Infrastructure Protection (CIP) Market Segment Analysis:

By Security Type: The operational technology segment continues to account for highest revenue share in the global critical infrastructure protection market among other security type segments. This can be attributed to increasing deployment of industrial control systems, cybersecurity solutions in SCADA systems, and other operational technology systems.

By Service: The consultee service segment among the service segments is expected to continue its dominance in terms of revenue share over the forecast period. This can be attributed to providing robust security posture with expert advice and comprehensive assessment service. Moreover, exceeding expectations of clients for security and compliance initiatives through creating customized solutions is attributed to growth of this segment.

Global Critical Infrastructure Protection (CIP) Market Regional Analysis:

The North American market is expected to dominate in terms of revenue contribution to the global market over the forecast period. This can be attributed to implementation of different policies and bodies by the US government including the National Infrastructure Protection Programme (NIPP) and the Homeland Security Presidential Directive (HSPD-7). The Asia Pacific market is expected to register a fastest revenue growth over the forecast period.

Global Critical Infrastructure Protection (CIP) Market Segmentation: 

By Security Type:

• Operational Technology
• Information Technology

By service:

• Consulting Services
• Managed Services
• Risk Management Services
• Training & Support Services

By Application:

• BFSI
• Energy & Power
• Government & Defense
• IT & Telecom
• Transportation
• Others

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa