Published on : Mar 30, 2016
ALBANY, New York, March 30, 2016: A new research study on the global critical infrastructure protection market has been recently added to the vast repository of ResearchMoz.us. The report, titled “The Global Critical Infrastructure Protection Market 2016-2026,” presents a comprehensive analysis of the market considering its historical as well as current performance on the whole.
According to the study, the global critical infrastructure protection market is projected to reach a value of US$64.6 bn by the end of 2016. Analysts expect this market to rise at a moderate CAGR of 2.44% during the period from 2016 to 2026 and attain a value of US$82.2 bn by the end of the forecast period. In addition to this, the global expenditure on critical infrastructure protection is projected to reach US$813.6 bn by the end of 2026.
Taking various market influencers such as driving forces, restrictions, challenges, opportunities, as well as future projections into consideration, the report offers a complete overview of the worldwide critical infrastructure protection market. The latest as well as the upcoming trends and their impact on the segments of this market has also been discussed in this research study at length.
The augmented dependence on IT has led to an increased susceptibility to cyber-attacks. Together with this factor, the escalating threats related to terror attacks have significantly driven investments in the area of critical infrastructure protection. The increase in government funding for maritime infrastructure protection is also propelling the global market for critical infrastructure protection substantially, notes the study.
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The report further states that over the forecast period, the physical security segment is likely to lead the global market on the basis of security type. The segment is expected to hold a share of 69.9% in the overall market by the end of 2026. The network security segment is expected to account for a share of 27.1% while other security segments are projected to collectively occupy a share of 3% in the worldwide critical infrastructure protection market.
On the regional basis, the global market for critical infrastructure protection is projected to be dominated by North America until the end of the forecast period with a share of 34.6%. Asia Pacific is expected to follow North America with a share of 27.4% while Europe is likely to acquire a share of 25% by the end of 2026.
The market for critical infrastructure protection in the Middle East is anticipated to hold a share of 10.9% in the global market and the markets in Latin America and Africa are projected to account for a cumulative share of 2.2% by the end of the forecast period, states the study.
IBM, Northrop Grumman, Kratos Defense & Security Solutions Inc., Raytheon, Mantech International Corp., CACI, Lockheed Martin, KEYW, Digital Management Inc., BAE Systems, Airbus DS Communications, General Dynamics, Booz Allen Hamilton, and Thales are some of the key participants functioning in the global critical infrastructure protection market, and are profiled in this research report.
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