The North America Cybersecurity in Critical Infrastructure Market would witness market growth of 3.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cybersecurity in Critical Infrastructure Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,056.1 million by 2031. The Canada market is experiencing a CAGR of 4.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.4% during (2024 - 2031).
The cybersecurity in critical infrastructure market has emerged as a vital area of focus in the effort to protect essential systems and services that underpin modern society. Critical infrastructure encompasses sectors such as energy, transportation, water, healthcare, and public utilities—systems that, if disrupted, could have devastating consequences for public safety, economic stability, and national security.
In recent years, there has been a notable increase in both the frequency and sophistication of cyberattacks aimed at critical infrastructure, a trend propelled by technological advancements and the growing interconnectedness of systems. For instance, the 2021 Colonial Pipeline ransomware attack in the United States disrupted fuel supply across the East Coast, causing panic and economic losses.
Mexico is also making substantial strides in integrating cybersecurity into its critical infrastructure protection efforts, particularly in the energy and power sectors. The Energy Transition Law and the General Climate Change Law say that the country wants to get 35% of its power from clean sources by 2024. To do this, the country has put a high priority on updating and protecting its energy systems. The Programa de Desarrollo del Sistema Eléctrico Nacional (PRODESEN) outlines plans to upgrade the national electrical grid, emphasizing the integration of cybersecurity measures to protect against potential threats. Regulatory reforms under the Comisión Reguladora de Energía (CRE) mandate the adoption of advanced cybersecurity protocols. At the same time, collaborations with international partners, such as the U.S.-Mexico Bilateral Energy Security Working Group, aim to strengthen energy infrastructure. These efforts are crucial in safeguarding Mexico’s power supply and distribution networks, ensuring resilience against physical and cyber threats. Hence, the growing focus on integrating cybersecurity with physical security solutions is a key driver of market expansion across North America.
Free Valuable Insights: The Cybersecurity in Critical Infrastructure Market is Predict to reach USD 29.5 Billion by 2031, at a CAGR of 4.1%
Based on Type, the market is segmented into Network Access Control & Firewalls, Encryption, Threat Intelligence, and Other Type. Based on Application, the market is segmented into Government & Defense, BFSI, Energy & Power, Transport & Logistics, Commercial Sector, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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