Safety of a nation’s critical infrastructure or national assets is essential for smooth functioning of an economy and society. Protecting essential facilities such as transportation, finance, agriculture public health and security are on prime agenda for any nation. Critical infrastructure protection or CIP is an evolving concept, which is defined by the nation’s preparedness and ability to respond to any harm to these assets. Destruction of any of these assets through terrorist attacks and natural disasters pose great amount of threat to the sovereignty and safety of the people. Hence, staying alert for any such threats are the primary aim of the critical infrastructure market.
National assets are vulnerable to various natural and manmade threats. Transportation services, historic monuments, telecommunication services and such other infrastructure are considered as the conventional targets for terrorist attacks and cyber intrusion. Apart from terrorism, natural disasters and epidemic could easily affect these services. Considering these facts, governments and other international security agencies are keen on proving strong Homeland Security (HS) and critical infrastructure protection (CIP). These are the crucial driving factors for the Critical Infrastructure Protection Market .
Protection to the national assets is the key to smooth functioning of the society and low pressure on the economy. Hence, more and more nations are opting for the CIP solutions that match international safety standard. Apart from governments, various key agencies and private international platforms are adapting these solutions on a large scale. All these factors act as great driving force for the growth and expansion of the Critical Infrastructure Protection Market on global level. As far as the market research reports for this industry are concerned, one can observe great segmentation in terms of the types of security technologies, business verticals, security basics and techniques managed by information and technology (IT).
Physical security, network security and IT managed security are the three basic types of security services offered by the CIP market. The basics of IT managed security services include managed services, design and consulting, maintenance, integration and support. The security technologies used in CIP solutions include radars, vehicle identification systems, SCADA security, CBRNE; secure connection, building management systems, access control systems including biometrics, identification management and video surveillance. Segmentation in the critical infrastructure protection market is also based on business verticals.
Energy and power, transportation, sensitive infrastructure and enterprises are the basic verticals. These verticals are sub-segmented further. The CIP market is growing at an estimated CAGR of 10.7%, which will take to an estimated $105.95 billion by the end of next five years. The Critical Infrastructure Protection Market is currently at $63.76 billion. Energy and transportation sectors are likely to experience more growth. However, chemical, telecommunications and manufacturing industries also have sensitive infrastructures.
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