Enforcement of stringent government regulations toward the adoption and implementation of critical infrastructure protection software, surge in cyber-attacks and security breaches in physical systems, and need for operational technology networks drive the global critical infrastructure protection market. However, high initial cost of CIP and lack of interoperability between the CIP solutions along with complexity in the technical operation hinder the market growth. On the other hand, emergence of cutting-edge technology such as cloud technology and internet of things (IoT) along with rise in investment of government authority present new opportunities in the coming years.

According to the report, the global critical infrastructure protection industry generated $118.19 billion in 2019, and is expected to witness $203.09 billion by 2027, witnessing a CAGR of 7.2% from 2020 to 2027.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/9724

Covid-19 Scenario:

➢ Various regulatory bodies have lifted off some of the enforcement criteria during the pandemic. However, several new organizations have been planning for long-term regulatory compliance with data security and data management becoming crucial factors for adoption of critical protection infrastructure services and solutions.

➢ Most organizations have adopted the "work from home" policy, so the demand for cloud-based systems increased significantly. However, the risks regarding cyber threats rose, which led to increase in investments in cyberinfrastructure security.

➢ Though many tourist places were closed, leading to reduced implementation of critical information security systems, the opening of tourist places during the post-lockdown would lead to a gradual increase in demand.

The operational technology segment to maintain its leadership status by 2027

Based on security type, the operational technology segment contributed to more than half of the global critical infrastructure protection market in 2019, and is expected to maintain its leadership status by 2027. This is due to rise in demand for critical infrastructure security solutions in manufacturing, transportation & logistics, energy & utility sectors with increase in incidents of cyber threats and attacks. However, the information technology segment is projected to register the highest CAGR of 8.7% from 2020 to 2027, owing to increase in number of data centers in industrial verticals such as BFSI, IT & telecom, and the oil & gas industry.

Access the full summary at: https://www.alliedmarketresearch.com/critical-infrastructure-protection-market-A09359

The solution segment to maintain its lead position throughout the forecast period

Based on component type, the solution segment held more than three-fifths of the total share of the global critical infrastructure protection market in 2019, and is expected to maintain its lead position throughout the forecast period. This is due to increase in adoption of CIP solutions among enterprises to gain strategic as well as competitive advantage and strong infrastructure security over their competitors. However, the services segment is estimated to manifest the fastest CAGR of 8.0% from 2020 to 2027, owing to assurance provided by these services for effective coordination between service provider companies and customers by offering services such as implementation and training, consulting services, and managed services.

Leading Market Players

➢ Honeywell International Inc.

➢ BAE Systems Plc

➢ IBM Corporation

➢ Lockheed Martin Corporation

➢ General Dynamics Corporation

➢ DXC Technology Company

➢ Northrop Grumman Corporation

➢ Airbus

➢ Intel Corporation

➢ TRL Technology Ltd.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll-Free: 1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

[email protected]

Web: https://www.alliedmarketresearch.com

Follow Us on: LinkedIn Twitter