Critical Infrastructure Protection Market Size and Forecast 2024-2033|BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., Airbus SE

Overview and Scope

Critical infrastructure protection refers to a notion that entails guarding against and protecting against cyber-attacks that can harm or interrupt the services that are offered by critical infrastructures. Protecting critical infrastructure involves both preventing and responding to cyberattacks, as well as preventing them from happening in the first place.

Sizing and Forecast

The critical infrastructure protection market size has grown steadily in recent years. It will grow from $140.42 billion in 2023 to $146.21 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%.  The  growth in the historic period can be attributed to integration of physical and cybersecurity, regulatory compliance requirements, attention to supply chain security, mitigation of insider threats, focus on resilience and business continuity.

The critical infrastructure protection market size is expected to see strong growth in the next few years. It will grow to $184.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.  The growth in the forecast period can be attributed to insider threat mitigation, collaboration and information sharing, resilience and business continuity focus, . Major trends in the forecast period include cybersecurity threat landscape,integration of physical and cybersecurity, iot and interconnected systems, regulatory compliance and standards, ai and machine learning in threat detection.

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Segmentation & Regional Insights

The critical infrastructure protection market covered in this report is segmented –

1) By Component: Solutions, Services

2) By Security Technology: Network Security, Physical Security, Other Security Technologies

3) By Vertical: Commercial Sector, Telecom, Chemical and Manufacturing, Oil and Gas, Other Verticals

North America was the largest region in the critical infrastructure protection market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the critical infrastructure protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rise in the adoption of cloud technology and IoT devices is expected to propel the growth of the critical infrastructure protection market going forward. The Internet of Things (IoT) is a system of physical items that uses software and other technologies to connect to devices and systems over the web for transferring data and using cloud technology for storing and accessing data over the internet instead of a computer hard drive. In critical infrastructure, cloud computing provides confidentiality, integrity, and availability of data and compliance with applicable standards. For instance, in December 2021, according to an article published by Eurostat, a Luxembourg-based statistics body for the European Union, 41% of organizations reported using cloud computing services in 2021, a 5.0 percentage-point (pp) rise from 36% in 2020.  Therefore, the increase in the adoption of cloud technology and IoT is driving the demand for critical infrastructure protection market.

Key Industry Players

Major companies operating in the critical infrastructure protection market report are BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., Airbus SE, Raytheon Technologies Corporation, Thales Group, Hexagon AB, Johnson Controls International plc, Teltronic S. A., General Dynamics Corporation, Optasense Limited, Waterfall Security Solutions Ltd., Rolta India Limited, SCADAfence Ltd., Huawei Technologies Co. Ltd., Confluera Inc., Erkios Systems Inc., McAfee Corp., Kaspersky Lab Inc., Telefonaktiebolaget LM Ericsson, Fortinet Inc., Cisco Systems Inc., Symantec Corporation, International Business Machines Corporation, Microsoft Corporation, NICE Ltd., SAP SE, Verint Systems Inc., Pointillist Inc., ClickFox Inc., Kitewheel LLC, Servion Global Solutions Limited

The critical infrastructure protection market report table of contents includes:

1. Executive Summary

2. Critical Infrastructure Protection Market Characteristics

3. Critical Infrastructure Protection Market Trends And Strategies

4. Critical Infrastructure Protection Market – Macro Economic Scenario

5. Global Critical Infrastructure Protection Market Size and Growth

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26. South America Critical Infrastructure Protection Market

27. Brazil Critical Infrastructure Protection Market

28. Middle East Critical Infrastructure Protection Market

29. Africa Critical Infrastructure Protection Market

30. Critical Infrastructure Protection Market Competitive Landscape And Company Profiles

Top Major Players:

• BAE Systems plc
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• Airbus SE

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