The Global Critical Infrastructure Protection (CIP) market is expected to be worth more than US$92 billion in 2018 and is expected cross US$118 billion by 2028, representing a CAGR of more than 2.4% during the forecast period.
The majority of CIP programs that have been initiated or revised in recent times have focused on adopting a risk management approach. Under this approach, the focus is on executing previously set goals in addition to identifying major markets in the world, such as North America, Europe and Asia Pacific. It is continuously engaged in identifying major security assets, analyzing risks and formulating strategies, in order to prioritize for these mitigating risks.
Cumulatively, the global market for military critical infrastructure protection is projected to value over US$1.1 trillion during the forecast period and is expected to be dominated by North America, followed by Europe and Asia Pacific. North America, which has traditionally been the largest spender in the CIP market, is projected to garner a share of about 33% during 2018-2028.
Expenditure in the European region, which accounts for around 27% of the global market share, is driven by emerging nations such as Russia, France and the UK. Asia Pacific accounts for 21% of the global critical infrastructure protection market share. The Middle East is another key market which is expected to register steady growth in the global market, with a total share of about 15% during 2018-2028.
The remaining 5% of the market will be accounted for by the Latin American and African regions.
In terms of segments, physical security is expected to account for the highest proportion of spending, followed by markets for network security and others. Expenditure on Physical Security is driven primarily by the need to deploy adequate manpower across all areas and establishments that have been identified as potential terror targets. The US is the largest spender in the segment due to its vast infrastructure network, which includes thousands of essential facilities and plants, transportation systems, and information technology structures. It is expected to account for a considerable share in the global Physical Security market.
Cumulatively, the Physical Security market is expected to account for an investment of over US$920 billion, while the Network Security and Others segments will account for around US$189 billion and US$31 billion respectively.
During 2018-2028, North America is expected to lead the global critical infrastructure protection market with a cumulative expenditure of over US$370 billion. The spending in the region will be largely driven by the US's ongoing and future procurement programs, which comprises a large majority of the regions overall investment in CIP solutions.
In particular, the report provides an in-depth analysis of the following:
Market size and drivers: detailed analysis during 2018-2028, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of critical infrastructure protection segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants
Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
Major programs: details of the key programs in each segment, which are expected to be executed during 2018-2028
Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
Global Critical Infrastructure Protection Market is projected to register a CAGR of 2.48% over 2018-2028.
In terms of categories, Physical Security segment is anticipated to account for the largest share of expenditure globally, with a market share of 80.6% followed by the Network Security and Others segment respectively.
Booz Allen Hamilton
Airbus DS Communications
Digital Management Inc. (DMI)
Lockheed Martin Corporation
Mantech International Corporation
Kratos Defense & Security Solutions Inc
Key Topics Covered
1. Executive Summary
2. Global Critical Infrastructure Protection Market - Overview
3. Global Critical Infrastructure Protection Market By Region, 2018-2028
4. Global Critical Infrastructure Protection Market By Segment, 2018-2028
5. Market Dynamics
Demand Drivers: Analysis of factors that trigger spending within the sector
Trends: Prevalent practices, industry consolidation and procurement patterns within the market
Technological Developments : New products, processes and innovations recently inducted within the sector