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According to a new report, published by KBV research, The Global Cybersecurity in Critical Infrastructure Market size is expected to reach $29.5 billion by 2031, rising at a market growth of 4.1% CAGR during the forecast period.
Digital twins and real-time monitoring systems are pivotal in transforming how critical infrastructure is managed. Singapore uses digital twins to model urban infrastructure and optimize systems like transportation and energy, while the aviation industry employs them for aircraft maintenance. These technologies rely on secure networks to process and transmit data without interruptions, as breaches could lead to significant operational disruptions.
The Network Access Control & Firewalls segment led the maximum revenue in the Global Cybersecurity in Critical Infrastructure Market by Type in 2023, thereby, achieving a market value of $12.2 billion by 2031. The segment's growth is driven by the critical need to safeguard sensitive networks against unauthorized access and cyberattacks. As cyber threats targeting critical infrastructure systems become increasingly sophisticated, organizations have prioritized implementing robust firewalls and access control solutions.
The Government & Defense segment is growing at a CAGR of 3.4 % during the forecast period. This sector faces a high risk of state-sponsored cyber threats targeting military operations, intelligence systems, and public infrastructure. Governments across the globe have augmented their investments in sophisticated cybersecurity technologies, including intrusion detection systems and encryption, in order to protect essential systems.
Full Report: https://www.kbvresearch.com/cybersecurity-in-critical-infrastructure-market/
The North America region dominated the Global Cybersecurity in Critical Infrastructure Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10.9 billion by 2031. The Europe region is anticipated to grow at a CAGR of 3.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 4.7% during (2024 - 2031).
By Type
By Application
By Geography
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