Critical Infrastructure Protection Market
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<strong>Critical</strong> <strong>Infrastructure</strong> <strong>Protection</strong> <strong>Market</strong> Worth 153.16 Billion USD<br />
by 2022<br />
NEWS PROVIDED BY<br />
<strong>Market</strong>sand<strong>Market</strong>s <br />
Jul 26, 2017, 10:30 ET<br />
PUNE, India, July 26, 2017 /PRNewswire/ --<br />
According to a new market research report " <strong>Critical</strong> <strong>Infrastructure</strong> <strong>Protection</strong> <strong>Market</strong> by Security Technology (Network Security, Physical<br />
Security, Radars, CBRNE, Vehicle Identi cation, Secure Communication, SCADA, Building Management), Service, Vertical, and Region - Global<br />
forecast to 2022", published by <strong>Market</strong>sand<strong>Market</strong>s, the CIP <strong>Market</strong> size is estimated to grow from USD 110.41 Billion in 2017 to USD 153.16<br />
Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 6.8%.<br />
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Browse 80 <strong>Market</strong> Data Tables and 41 Figures spread through 169 Pages and in-depth TOC on "<strong>Critical</strong> <strong>Infrastructure</strong> <strong>Protection</strong> <strong>Market</strong><br />
http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/critical-infrastructure-protection-cip-market-988.html<br />
Early buyers will receive 10% customization on this report<br />
The CIP <strong>Market</strong> includes various security technologies, which are essential for safeguarding critical assets, enterprises, and territories from<br />
physical attacks and cyber-attacks. Increased instances of physical attacks, such as terrorist activities, thefts, intrusion drones, and cyber-attacks<br />
which include malware, ransomware, virus, and Advanced Persistent Threats (APTs) have driven the need for large scale adoption of CIP security<br />
devices and services. Moreover, stringent government regulations and adoption of best practices for CIP are expected to drive the market growth<br />
during the forecast period.<br />
The network security segment is expected to play a key role in the CIP <strong>Market</strong>
The network security segment is projected to grow at the highest CAGR during the forecast period. The various network security solutions<br />
include identity and access management, risk and compliance management, encryption, rewall, antivirus/antimalware, intrusion detection<br />
systems/intrusion prevention systems, and DDoS mitigation. Network security solutions safeguard the critical systems network from malware,<br />
ransomware, viruses, worms, APTs, and zero day attacks.<br />
The physical security segment is expected to have the largest market share and dominate the CIP <strong>Market</strong> from 2017 to 2022, due to growing<br />
instances of physical attacks and natural disasters on industrial plants, oil elds, and ports.<br />
The transportation systems vertical is expected to grow at the highest CAGR in the CIP <strong>Market</strong><br />
The sensitive infrastructures and enterprises industry vertical is expected to contribute the largest market share from 2017 to 2022 in the CIP<br />
<strong>Market</strong>, as video surveillance, video analytics, smart cards, biometrics systems, and intrusion detection systems are widely used at public places<br />
for physical security. However, the transportation systems segment is expected to grow at the highest CAGR from 2017 to 2022, in the CIP <strong>Market</strong><br />
due to increased instances of terror attacks, pirate activities on international waters and ports, and cyber threats due to malware, viruses, and<br />
persistent adaptive threats.<br />
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North America is expected to contribute the largest market share, whereas MEA is expected to grow at the highest rate<br />
North America is expected to have the largest market share and dominate the CIP <strong>Market</strong> from 2017 to 2022. The North American region is<br />
always under threat from criminals and cyber-attackers, which can disrupt the functioning of the critical infrastructural assets. Surveillance<br />
measures in public places and industrial sites have been tightened. Various airports, marine ports, and border control areas have adopted<br />
biometrics for access control. The Middle East and Africa (MEA) region is expected to grow at the highest CAGR as major oil eld projects are set<br />
up in MEA, which require protection from physical attacks, cyber-attacks, and natural disasters.<br />
The major vendors in the <strong>Critical</strong> <strong>Infrastructure</strong> <strong>Protection</strong> <strong>Market</strong> include BAE Systems (UK), General Dynamics Corporation (US), Honeywell<br />
International Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Group SE<br />
(Netherlands), Hexagon AB (Sweden), Johnson Controls International plc (Republic of Ireland), Thales Group (France), Teltronic S.A. (Spain),<br />
OptaSense (UK), Motorola Solutions, Inc. (US), and Huawei Technologies Co., Ltd. (China).<br />
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