According to a new market research report "Critical Infrastructure Protection Market by Security Technology (Network, Physical, Radars, CBRNE, Vehicle Identification, Secure Communication, SCADA, Building Management), by Service, by Vertical & by Region - Global Forecast to 2021", published by MarketsandMarkets, The Critical Infrastructure Protection Market size is estimated to grow from USD 102.47 Billion in 2016 to USD 144.82 Billion by 2021, at an estimated CAGR of 7.16% from 2016 to 2021.

Browse 88 market data Tables with 46 Figures spread through 159 Pages and in-depth TOC on "Critical Infrastructure Protection Market"

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Consulting Services segment is expected to grow during forecast year

Maintenance and support services dominate the critical infrastructure protection market and contribute the largest market share, because monitoring of infrastructures is always required, especially for infrastructures such as oil & gas pipelines, smart grids, and nuclear reactors. The consulting services segment is expected to grow at the highest rate during the forecast period as consultancies provide services, such as analysis of the infrastructures, the impact of attacks on the infrastructures, technological know-how, and also the required change in management services, technology implementation, operational improvement services, and other training skills, which everyone needs to be aware of, nowadays.

Need of Infrastructure Protection-

The critical infrastructure protection solutions are being increasingly adopted in various verticals, such as energy & power, transportation system, and sensitive infrastructure & enterprises. This has led to the growth of the market across the globe. The need for transportation systems is always high, but with increase in the number of transportation accidents, the safety and security in the sector is highly important and a matter of concern. For this, the transportation system sector is expected to grow with the highest rate among all the verticals from 2016 to 2021, whereas the sensitive infrastructure and enterprises sector is expected to dominate the market with the largest market share in 2016 as the areas which are included in the sensitive infrastructure and enterprises sector such as holy places, stadiums, etc., are always full of people, including VIPs, and thus are under constant threat of attacks.

North America expected to contribute the largest market share

North America is expected to have the largest market share in the critical infrastructure protection market from 2016 to 2021, due to strong government regulations for critical infrastructures. The Middle East and Africa offers potential growth opportunities, as there is rise in security needs and increase in the number of organizations adopting critical infrastructure protection technologies & services in the region.

However, lack of operability between security products and complexity in security infrastructure act as the restraining factors for the critical infrastructure protection market. Some of the major challenges in the market are high implementation cost and lack of resources.

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The major vendors in the Critical Infrastructure Protection Market include BAE Systems, General Dynamics, Honeywell International Inc., Lockheed Martin, EMC Corporation, Raytheon, Airbus, Intergraph Corporation, Waterfall Security Solutions, and McAfee, Inc. The report also includes key innovators in the market, such as Mitre Corporation, Optiv, Restrata, DEA Security, and Tresys Technologies

The scope of this report covers the market by security technologies, services, verticals, and regions. Physical security technology is expected to have the largest market share and dominate the critical infrastructure protection market from 2016 to 2021, due to increase in threats to physical assets and the subsequent government regulations mandating the implementation of physical security technologies. Network security is expected to grow at the highest rate during the forecast period 2016–2021 as it aims towards providing phase-wise security service to critical infrastructure protection software users.

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