Critical Infrastructure Protection Market Forecast Estimated to Grow with a Healthy CAGR During Forecast Period 2020-2027

Critical Infrastructure Protection Market Highlights The global critical infrastructure protection market is projected to witness a rapid growth duri

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Critical Infrastructure Protection Market Highlights

The global critical infrastructure protection market is projected to witness a rapid growth during the forecast period. Increasing emergence of cloud-based technologies is a major factor driving the growth of the market. Moreover, increasing demand for critical infrastructure protection across various industry verticals such as BFSI, healthcare, manufacturing, retail and IT & telecommunications is fueling the growth of the global market.

The global critical infrastructure protection market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the critical infrastructure protection market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the North American critical infrastructure protection market owing to the presence of a large number of established key players such as General Dynamics Corporation, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation and Raytheon Company in this region.

Critical Infrastructure Protection Market is Predicted to Reach US$ 203.10 Billion by 2027 Registering a CAGR of 7.1%

Due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of cloud-based technologies and services in the region, the market is likely to show immense growth in the coming future. Additionally, North America has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Increasing need for innovations and advancements in the technology are other major factors responsible for the growth of the global critical infrastructure protection market.

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In the global critical infrastructure protection market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of cloud computing technologies and increasing deployment of businesses over cloud across different countries in the region.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Critical Infrastructure Protection Market Research Report-Forecast to 2027”.

Critical Infrastructure Protection Market Segmentation:

The critical infrastructure protection market is divided into the following segments:

  • Based on the technology
  • Based on the service
  • Based on the vertical

Based on the technology, the market is further segmented into the following:

  • Cybersecurity
  • Physical security

Though each of the two has an integral part in the market, the segment that tends to dominate is the cybersecurity segment

Based on the service

Based on the service, the Critical Infrastructure Protection Market is further segmented into the following:

  • Managed services
  • Consulting services
  • Maintenance & support services
  • Risk management services

Based on industry vertical

Based on the industry vertical, the market has the following subtypes:

  • The energy and power segment is further classified as Oil and gas, power grids, and power generation.
  • The sensitive infrastructure segment is segmented into chemical and manufacturing, government facilities, communication systems, BFSI and stadiums, and public places.

Transportation services

The transportation services are further divided into railway infrastructures, highways and bridges, airports, and seaports.

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Some of the prominent players in the global critical infrastructure protection market: 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), Huawei Technologies Co., Ltd. (China), Axis Communications AB (U.S.), Robert Bosch (Germany), IBM Corporation (U.S.), McAfee, Inc. (U.S.) and Symantec Corporation (U.S.).

Market Research Analysis:

North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing a rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. The U.S. holds the majority of the market share both in terms of revenue as well as the adoption of mobile applications.

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