Critical Infrastructure Protection Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast -2027
The Critical Infrastructure Protection Market is projected to grow from USD 143.0 billion in 2023 to USD 162.5 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2027. There are increasing initiatives being taken by the government for the protection of critical infrastructure industries in recent years. This is also projected to fuel market development in the upcoming years.
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By solution, software to grow at a higher CAGR during the forecast period.
Since the last few years, cyber-attacks on critical infrastructure have been increasing. They are becoming sophisticated and complex, primarily targeted toward organizations in the energy, utilities, and other sectors, causing system shutdowns and disruptions in operations. CIP solutions use various software, including biometric authentication, to capture, verify, and record user identities and provide staff with permissible access to various enterprise resources. Introducing and integrating Artificial Intelligence (AI) and Machine Learning (ML) technologies help CIP software proactively detect and remediate suspicious activities and unauthorized and invasive access requests on enterprise networks. With the growing number of cyber-attacks and frauds such as identity theft, highly efficient software can quickly identify threat actors and notify the system. Therefore, the software is an essential part of the entire CIP process.
By cybersecurity segment, threat intelligence accounts for the largest market size during the forecast period
Threat intelligence collects and analyzes information about the existing and evolving threat vectors from multiple sources to provide actionable threat intelligence feeds and reports, which various security control solutions can effectively utilize. Such solutions keep critical infrastructure informed of the risk of APTs, zero-day attacks, and threats and help them protect themselves from the possibility of data breach occurrences. Threat intelligence includes sandboxing, wherein the suspected malicious sample is not executed in environments but is implemented in different cocoon environments and checked if it is malicious. It is mainly used to identify false positives. By setting the suspicious, malicious sample aside from other programs in separate environments, organizations ensure that errors or security issues would not spread to other system areas. This way, enterprises can save their systems from malware attacks and prevent them from crashing.
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Unique Features in the Critical Infrastructure Protection Market
In order to secure critical assets and activities, critical infrastructure protection systems use cutting-edge threat detection and prevention technologies to quickly identify and neutralise possible physical and cyber threats.
The main goals of these solutions are to make critical infrastructure systems more resilient and redundant, guarantee uninterrupted operation, and reduce disruptions in the case of emergencies, cyberattacks, or natural disasters.
Solutions for protecting critical infrastructure from cyber and physical attacks combine cybersecurity and physical defences to give complete defence against multiple threats and an effective layered defence strategy.
In order to give operators practical insights into security threats and vulnerabilities affecting critical infrastructure assets, they provide sophisticated situational awareness capabilities, such as real-time monitoring, data analytics, and visualisation tools.
In order to improve security posture and reaction capabilities, critical infrastructure protection systems enable cooperation and coordination amongst several stakeholders, including governmental bodies, law enforcement agencies, businesses, and foreign partners.
Major Highlights of the Critical Infrastructure Protection Market
Energy, transportation, healthcare, telecommunications, and government are among the industries implementing critical infrastructure protection solutions to secure vital services and assets from both physical and cyber threats.
Organisations are being forced to deploy extensive security measures in order to protect critical infrastructure and maintain regulatory compliance. Examples of these rules and compliance requirements are NERC CIP, GDPR, and the NIST cybersecurity framework.
Governments and industry stakeholders are collaborating to exchange threat intelligence and best practices in order to improve the resilience and response capabilities of critical infrastructure. This collaboration between the public and commercial sectors is growing.
Companies are using integrated security solutions to safeguard vital infrastructure assets and systems holistically. These solutions incorporate physical security, cybersecurity, and operational technology.
In order to maintain the continuity of vital services and activities in the face of disruptive events like cyberattacks, natural catastrophes, and pandemics, there is an increasing focus on strengthening the resilience of critical infrastructure.
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Major manufacturers in this market are based in North America and Europe. BAE Systems (US), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), Huawei (China), and Motorola Solutions (US), are among a few leading players operating in the critical infrastructure protection market. These players have adopted various growth strategies to strengthen their position in the market. Companies in the critical infrastructure protection market increasingly use biometrics and drone technologies in their solutions. Consolidated Edison of New York installed the Dedrone Axis solution, enabling it to detect over 7,500 drone incursions in its airspace. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the critical infrastructure protection market.
BAE Systems is an international defense, aerospace, and security company, which delivers a range of products and services for air, land, and naval forces, as well as advanced electronics, security, information technology, solutions, and customer support services. The company operates in five different business segments: electronic systems, platforms, and services, air, maritime, and cyber & intelligence. In the Critical Infrastructure Protection market, BAE Systems provides solutions including access control, CCTV and video management, perimeter protection, intrusion detection and alarm panels, lighting management, IP-based audio and public address, video analytics, unified command and control system, biometric identification, and intelligent surveillance. The company serves markets including defense, space, transport, government, telecommunication, critical national infrastructure, security, and law enforcement. It has a geographical presence in the Americas, Asia Pacific, Middle East, Africa, UK, and Europe. The company engages in partnerships, collaboration, business expansion, and acquisition to help expand its global presence. In February 2023, BAE Systems announced it would work with Bangalore-based technology group NewSpace Research and Technologies to explore collaboration opportunities in next-generation uncrewed systems and technologies.
Lockheed Martin is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company provides management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. The company’s business is organized around four core business areas: aeronautics, missiles, fire control, rotary and mission systems, and space. The critical infrastructure protection market provides radars, sensors, and maritime systems. The company has a geographical presence in North America, Europe, Asia Pacific, the Middle East, and Latin America. The company has collaborated with several companies to expand its presence worldwide. In November-2022, Royal Norwegian Air Force selected the Lockheed Martin TPY-4 next-generation ground-based air surveillance radar to enhance the country’s long-range surveillance capability. The TPY 4 radar can identify and track more minor threats at longer ranges than before. The radar can be adapted to new missions via simple software enhancements.
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