Description
Critical Infrastructure Protection refers to the connotation that means the basic protection provided to infrastructural resources within a concerned region. Some of the key infrastructural bodies within a given region include food pastures, agricultural facilities, industrial belts, transportation segments, metro cities, etc. These infrastructures add to the economic and industrial development of a given region. The increased development of infrastructure and its optimization is one of the key factors that add to the growth of the geriatric employment generation within a nation. The inclusion of these structures brings a sense of normalcy to everyday life for civilians. Disruption of the same could have catastrophic effects on the economic development and the social regimen of a given region.
One of the key drivers for this market is the growth in industrialization and automation-based revolution within developing countries. Regions like India, China, and Indonesia have been facing an upsurge in terms of infrastructural development. Therefore, the employment rate has also been increasing within these countries. Moreover, countries like India and China have a massive population density. Hence, the ratio of the working population and the opportunities offered by these markets in terms of the critical infrastructure protection market is expected to vastly increase.
The overall market for critical infrastructure protection market is segmented by Region, Vertical, Solution, and Components. The regional competitive mapping for this market is further categorized in terms of North America, Europe, APAC, the Middle East, and the RoW. The vertical segment is further sub-segmented into commercial, defense, others. The solutions segment is categorized into physical safety and security and cyber security. While the components market includes solutions and services.
One of the key security threats faced by the infrastructure for a given economy is the emerging dangers of cyber threats. The growth in cybercrime and its negative impacts on the flourishing economies as well as their population is anticipated to be one of the key drivers for the critical infrastructure protection market. As of 2020, the critical infrastructure protection vertical was poised to attain a market value of USD 250 Billion. The overall market is anticipated to grow with a CAGR of 8% during the forecast period 2021-2031.
Another key factor that drives the growth within this market is the incorporation of stringent government regulations that are poised to drive the market growth dynamics. The commissioned body CISA (Cyber Security and Infrastructure Security Agency) was instated by President Donald Trump in the year 2018. The inclusion of this body was poised to increase the security associated with the US infrastructural segment. As of 2020, CISA released roughly 55 critical functions to curtail interrupted operations, physical damages, and other infrastructural adversaries that can be caused to properties stationed within the US.
Companies like Public Safety Canada have been building strategic relationships with stakeholders within the critical infrastructure market to further enhance the existing penetration of this vertical.
