Published on : May 29, 2017
Albany, New York, May 29, 2017: The report predicts the global critical infrastructure protection market to expand at 2.15% CAGR between 2017 and 2027. Driving the global critical infrastructure protection market is the rising frequency of terror attacks worldwide over the years, and the subsequent fear that outside forces could be actively plotting similar attacks in the near future at crucial sites, thereby disrupting critical infrastructure. This has necessitated gathering crucial information about their activities and plans so that such perpetrators of violence can be thwarted well before hand.
Another factor stoking growth in the global critical infrastructure protection market is the emergence of sophisticated IT systems and grids that make use of industrial control systems. They are mostly key terror targets as they form a part of infrastructure for electricity, communication, water, and transportation and any attack on them can jeopardize normal lives for days on end. The report also throws light on the major challenges facing the market and the current key trends in it.
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In order to examine the global critical infrastructure protection market, the report segments it based on different parameters such as the type of security technology and the type of services. It finds that the physical security segment is poised to gain maximum market share on account of heightened global security concerns, such as rising instances of insurgency. Those have prompted governments in nations across the world to ramp up spending on physical security systems and solutions to better secure their sensitive sites, economic and natural assets, and people. Currently, physical security segment has 73.1% market share and it is trailed by network security. Some of the main services offered in the market are ancillary services, consulting, and administrative services.
Region-wise, the report segments the global critical infrastructure protection market into Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. It studies the market size and dynamics in each of the regions and also tries to gauge their future growth prospects.
The report offers a comprehensive peek into the prevalent industry practices, consolidation and procurement patterns, and promising investment areas. For that it thoroughly studies the new products, processes, and innovations within the market. It also brings to the fore current programs that are being undertaken by the defense ministries of different countries within the global critical infrastructure protection market so that savvy players in the market can quickly identify opportunities and tap into them.
Some of the key players operating in the global critical infrastructure protection market that have been profiled in the report are Airbus DS Communications, Northrop Grumman Corporation, IBM, and the Raytheon Company.
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