Critical infrastructure security refers to the security of physical and cyber systems and assets that are so critical and important to the country that their damage or incapacity would have an unbearable impact on the country’s economic or physical security. Critical infrastructure comprises transportation, finance and banking, food production and distribution, law enforcement agencies, energy, water systems, municipal services, and other emergency services of both private and government. These systems are essential for the least possible operations of the government and economy. Critical infrastructure security provides controls to devise stability, security to the communication line between devices, and it monitors and manages the connected devices.
The global market for the critical infrastructure security is anticipated to develop at a compound annual growth rate (CAGR) of 7.8% throughout the course of the forecast, to reach USD 333.36 Billion by 2030.
The increasing necessity of cybersecurity in government digital assets
The major application of cybersecurity in any organization is to analyze threats and mitigates them immediately. Critical infrastructure security implementation ensures organization overall safety and undisturbed functioning of its critical infrastructure. CIS not only provides security to national important assets such as nuclear sites but it also secures virtual assets such as defense blueprints. However, due to rising advanced cyber-attacks, the necessity of constant development in cyber-security is on the rise.
The emergence of smart cities
The security of cities has been a crucial concern throughout the years for many governments. However, with the emergence of smart cities, the development of critical infrastructure is on the rise. Smart Cities are urban centers developed to integrate physical infrastructures and cyber technologies to create economic and environmental efficiencies while improving the overall quality of life of citizens. Furthermore, rising investments in smart city projects are expected to impact significantly on the growth of critical infrastructure security market. It is recorded that, spending on smart cities is anticipated to reach USD 34 billion in 2020.
Energy & power application holds the largest market share
Major applications analyzed in this market are government & defense, IT & telecom, energy & power, banking and finance, transportation, and others. Among these, the energy & power application holds the largest share in the global critical infrastructure security market. The rising number of initiatives taken by many industries to develop robust security systems have increased the preparedness and planning against cyber-attacks. The advent of the smart grid has further increased the necessity of robust critical infrastructure security across the globe.
North America holds the largest share in the global critical infrastructure security market
As the initiator of critical infrastructure security, North America is one of the prominent regions in the market. In the US, the program to ensure security and safety of IT and critical infrastructures was introduced in 1996 and this is one of the major reasons behind the growth of the market in the region. In 2005, the US has adopted smart grid technology, which keeps computers interconnected to each other to prevent power failure and promote self-repair. In addition to this, the establishment of the North American Electric Reliability Corporations (NERC) has further impacted the growth of the critical infrastructure security market in the region. NERC mainly promotes the adequacy and reliability of power transmission in the electric utility systems of North America.
Key Market Players
• Intel Corporation
• IBM Corporation
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• TRL Technology Ltd
• BAE System Plc
• General Dynamic Corporation
• Honeywell International Inc.
• Raytheon Company
• DXC Technology Company
critical infrastructure security market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 333.36 Billion|
|Growth Rate||CAGR of 7.8 % during 2022-2030|
|Segment Covered||By Component, By Solution, By Vertical, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (US), Thales (France), Hexagon AB (Sweden), Johnson Controls (US)|
Key Segment Of The critical infrastructure security market
by Component, (USD Million)
• Security Technologies
By Solution, (USD Million)
o Physical Safety and Security
• Physical Identity and Access Control Systems
• Perimeter Intrusion Detection Systems
• Video Surveillance Systems
• Screening and Scanning
• Network Access Controls and Firewalls
• Physical safety and security, Threat Intelligence
• Other Cybersecurity Solutions
By Vertical, (USD Million)
• Financial Institutions
• Commercial Sector
• Transport and Logistics
• Energy and Power
• Chemical and Manufacturing
• Other Verticals
Regional Overview, (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa