According to a new report, published by KBV research, The Global Critical Infrastructure Protection Market size is expected to reach $198.2 billion by 2031, rising at a market growth of 4.7% CAGR during the forecast period.
Increased digitalization in critical infrastructure sectors like energy, water, and transportation has greatly enhanced operational efficiency and service delivery. The rise in these vulnerabilities has created a greater demand for CIP solutions. Cybercriminals have a broader attack surface to exploit with more systems connected to the internet and sharing data across various platforms.
The Solutions segment is experiencing a CAGR of 4.4 % during the forecast period. The solutions segment is growing due to the increasing demand for comprehensive systems that safeguard physical and digital assets. As critical infrastructure sectors like energy, transportation, and telecommunications face growing threats from cyberattacks and physical breaches, organizations invest in integrated solutions combining surveillance, access control, and network security.
The Cyber Security segment led the maximum revenue in the Global Critical Infrastructure Protection Market by Security in 2023, thereby, achieving a market value of $112 billion by 2031. As critical infrastructure becomes increasingly interconnected through digital networks, the risk of cyberattacks has risen sharply. The rise in sophisticated cyberattacks targeting critical infrastructure sectors like energy, finance, and transportation has prompted governments and private entities to ramp up their investments in cybersecurity measures, recognizing the need to protect sensitive digital assets alongside physical infrastructure.
The Government & Defense segment is growing at a CAGR of 3.1 % during the forecast period. As custodians of public safety and national security, government agencies and defense sectors face persistent threats from cyber criminals and state-sponsored actors. Protecting sensitive data, defense installations, and communication networks is paramount, prompting substantial investment in advanced surveillance, access control systems, and cyber defense technologies.
Full Report: https://www.kbvresearch.com/critical-infrastructure-protection-market/
The North America region dominated the Global Critical Infrastructure Protection Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $68.9 billion by 2031. The Europe region is anticipated to grow at a CAGR of 4.4% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 5.5% during (2024 - 2031).
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