Critical infrastructure protection market
Added: (Wed Sep 18 2019)
Pressbox (Press Release) -
Market Overview:
The critical infrastructure protection market is estimated to grow from USD 118.3 Billion in 2018 to USD 165.23 Billion by 2023, at an expected Compound Annual Growth Rate (CAGR) of 6.91%. Critical infrastructure protection offers controls to stabilize the device, secure the communication between devices, and to manage and monitor the connected devices. In addition, critical infrastructure implements cyber security controls, hardware based embedded identity, and physical security control. Critical infrastructure protection solutions are deployed across different markets including transportation, BFSI, government sector, IT, energy and utility sectors for protecting their critical information and infrastructure.
Market drivers and restraints:
The key driver for critical infrastructure market is government regulations and practices and rising the number of cyber threats, owing to this several organization are implementing critical infrastructure solutions. In addition to this critical infrastructure protection is broadly adopting cloud computing for the organizations that is further fueling the growth of this market. The growing popularity of Internet of Things (IoT) is another driving the market growth for critical infrastructure protection.
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Report segmented as:
By technology:
• Radars
• SCADA
• Secure communication
• CBRNE
• Network security
• Building management
• Physical security
• Vehicle identification
By service:
• Consulting
• Maintenance and support
• Risk management
• Managed services
By vertical:
• Energy and power
• Transportation system
• Sensitive infrastructure and enterprises
Geographical analysis:
The North American region holds the highest share of the market across the world followed by Europe, and Asia Pacific region. U.S. and Canada are leading the North American market owing to increasing technological developments and rising popularity of security measures in enterprises in the region. The region also has a well-established infrastructure that allows faster implementation of advanced technologies.
Important market players:
The major players operating the global critical infrastructure market are BAE Systems (UK), General Dynamics Corporation (US), Honeywell International Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Group SE (Netherlands), Hexagon AB (Sweden), Johnson Controls International plc (Republic of Ireland), Thales Group (France), Teltronic S.A. (Spain), OptaSense (UK), Motorola Solutions, Inc. (US), and Huawei Technologies Co., Ltd. (China).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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