The Global Market for Critical Infrastructure Protection is Projected to Reach US$94.8 Billion by 2020

Risk of Physical & Cyber Threats to Drive Growth in the Critical Infrastructure Protection Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Critical Infrastructure Protection. The global market for Critical Infrastructure Protection is projected to reach US$94.8 billion by 2020, driven by the growing need to protect critical national assets and prevent disruptions to normalcy due to physical and virtual threats.

Critical infrastructure refers to assets, systems, and networks that are vital to the functioning of the society and the economy. These assets may be under the control of the government or private operators. Critical infrastructure is highly vulnerable to a blend of conventional and non-conventional threats such as natural and climatic conditions, system failures, human errors, physical attacks and cyber threats. Specifically, rapid penetration of the Internet and growing proliferation of connected devices are exposing critical infrastructure to a higher level of risk from cyber criminals. Technological advancements and increasing dependence on computers and telecommunications networks are further enhancing the susceptibility of modern economic operations. As a result of the multi-level interdependence of various critical infrastructure assets, disruption of functions or operation of a single component of the national critical infrastructure inevitably cascades into other segments, leading to widespread and catastrophic consequences.

The need to protect critical infrastructure across the world has given rise to the concept of critical infrastructure protection (CIP), which consists of technologies, systems, solutions, physical measures, processes, policies, and services that underpin the safety, security and economic well-being of people and critical national resources. CIP solutions assist in countering the risk of incapacitation, exploitation, or destruction of critical infrastructure and key resources from various threats including terrorist attacks and cyber hacking. Besides mitigating the impact of natural disasters, CIP measures and solutions assist in protecting vital assets such as public access places, transportation services, energy facilities, and telecom services, all of which are critical for ensuring delivery of essential services and the orderly functioning of the economy. Realizing its significance, stricter CIP compliance standards are being enforced by governments across the world for critical electric grid, telecom and water distribution facilities controlled by both public sector and private sector operators.

As stated by the new market research report on Critical Infrastructure Protection, the United States represents the largest regional market, worldwide. The ever-present physical and virtual threat to critical infrastructure is driving the US federal government to strengthen implementation of CIP strategies in the country. Asia-Pacific is poised to record the fastest CAGR of 11.8% over the forecast period. Critical infrastructure sites across Asian countries are at an increased risk of attacks, with the past few years witnessing several attacks by insurgents and terrorists looking to create insecurity and uncertainty. With more and more critical infrastructure being linked to the Internet, exposure to various cyber security threats is rising to worrisome levels. As a result, governments are focusing efforts on the implementation of CIP strategies to protect their critical infrastructure.

Major players covered in the report include BAE Systems Plc, Cisco Systems Inc., EMC Corporation, General Dynamics Mission Systems, Honeywell International Inc., IBM Corporation, Intergraph Corporation, Kaspersky Lab, Lockheed Martin Industrial Defender Inc., McAfee Inc., Raytheon Company, Thales Group, Waterfall Security Solutions Ltd., and  Watermark Risk Management International LLC, among others.

The research report titled “Critical Infrastructure Protection: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.