Critical Infrastructure Protection market is expected to grow at a CAGR of 2.44% by 2026.
About the market report:
Demand for critical infrastructure protection products is anticipated to be driven by the increasing frequency of terror attacks that have taken place in the last couple of years, and the associated fear of knowing that non-state and organized actors could be active within the country; possessing acute local knowledge might enable some of these elements to successfully strike at critically important networks, sites, or processes. Geo-political factors and rise of terrorism in various countries have led to activities such as illegal immigration, drug trafficking, money laundering, weapons smuggling and others across borders.
Governments worldwide as constantly in pursuit to uplift the surveillance and detection of such activities in order to preserve the national integrity, protect citizens and critical infrastructure. With the rising security threats and cross border violence, nations across the world are becoming more aware of the gaps in their internal security measures, which is expected to drive spending on new and advanced intelligence, surveillance and reconnaissance technologies.
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Scope of the Report:
The Critical Infrastructure Protection (CIP) market is expected to value US$64.6 billion in 2016, and grow at a CAGR of 2.44% to value US$82.2 billion by 2026. The cumulative market for global expenditure on CIP is expected at US$813.6 billion over the forecast period
In terms of categories, Physical Security segment is anticipated to account for the largest share of expenditure globall, with a market share of 80.6% primarily due to the global security concerns, such as such as increasing incidences of terrorist attacks, have urged governments to increase budgetary allocations towards physical security systems and solutions in order to ensure security of their sensitive sites, economic and natural assets, and people.
- The Physical Security Segment is followed by the Network Security and Others segment respectively.
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Table of Contents
1 Executive Summary
1.1 Global Market for CIP to witness sustained investment
1.2 Physical Security to account for the largest share of investment
1.3 North America expected to account for the largest share of investment in the sector
1.4 Growing reliance on IT systems and heightened terror incidents globally to drive investment
1.5 Challenges faced in the sector include lack of skilled resources and high cost of implementation
2 Critical Infrastructure Protection Market – Overview
2.1 Global CIP market is expected to grow from US$XX billion in 2016 to US$XX billion by 2026
2.2 Key Statistics
2.3 Global CIP Market Dynamics
3 Market Dynamics
3.1 Demand Drivers
3.1.1 Accelerating risks of terrorist attacks driving CIP investment
3.1.2 Substantial funding for maritime infrastructure protection
3.1.3 Growing reliance on IT led to increased vulnerability to cyber attacks
3.2 Trends
3.2.1 Heightened focus on securing industrial control systems (ICS) ensuring sustained investment in the domain……
3.2.2 Smart City development projects ensuring sustained investment in the CIP sector
3.2.3 Middle East emerging as one of the major markets in Network Security
3.2.4 Increased adoption of cloud computing technology boosting investment in Network Security
3.2.5 The CIP sector to witness a phase of consolidation owing to emergence of new markets
3.3 Technological developments
3.3.1 Network based IP sensor to enable detection of cyber attacks
3.3.2 New sampling device to detect hazardous substances
3.3.3 US DHS introduces advanced malware detection technology
3.3.4 FlowID10G to enable constant internet traffic monitoring
3.4 Key Challenges
3.4.1 High cost in implementing CIP methodologies
3.4.2 Difficult to monitor use of wireless technology
3.4.3 Deficient manpower and inadequate training sessions hampering the market
4 Critical Infrastructure Protection Market – Segment Analysis
4.1 Physical Security to be the largest segment over the forecast period
4.2 With a CAGR of XX%, Network Security, to grow at a faster pace than Physical Security
4.3 The Others segment to experience robust growth over the forecast period
5 Regional Review
5.1 North America: Defense Budget Expenditure & Modernization Review
Continued.....
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Posted by
Venkat Reddy
on Wednesday May 09 2018, 1:00 PM EST.
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