The critical infrastructure protection service global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Critical Infrastructure Protection Service Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
critical infrastructure protection service market size has grown
strongly in recent years. It will grow from $118.51 billion in 2023 to
$127.96 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%.
The growth in the historic period can be attributed to rising
regulatory compliance requirements, increase in insider threats, rising
awareness of supply chain vulnerabilities, increase in cybersecurity
spending by governments, rising demand for managed security services.
The critical infrastructure protection service market size is expected to see strong growth in the next few years. It will grow to $172.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing digitization of critical infrastructure, increasing cybersecurity threats, increasing frequency of cyberattacks, growing reliance on IoT devices, rise in ransomware attacks. Major trends in the forecast period include adoption of edge computing technology, integration of AI and machine learning in security, adoption of 5G technology, adoption of blockchain technology in infrastructure security, advance technology.
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Scope Of Critical Infrastructure Protection Service Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Critical Infrastructure Protection Service Market Overview
Market Drivers -
The
increasing cybersecurity threat is expected to propel the growth of the
critical infrastructure protection service market going forward.
Cybersecurity threats refer to malicious activities and incidents that
compromise the confidentiality, integrity, or availability of digital
assets, systems, or networks. Cybersecurity threats are increasing due
to factors such as expanding digital ecosystems and evolving tactics
employed by malicious actors. Critical infrastructure protection
services aid in mitigating cybersecurity threats by offering specialized
solutions and strategies designed to safeguard essential infrastructure
against potential attacks and disruptions. For instance, in March 2023,
according to the Internet Crime Report produced by the FBI (Federal
Bureau of Investigation), a US-based government office, the FBI's
Internet Crime Complaint Center (IC3) received 800,944 reported
complaints, resulting in losses exceeding $10.3 billion. Phishing scored
first among complaints received in 2022, with a financial loss of $52
million. Investment fraud, which resulted in a $3.3 billion loss, showed
an increase of 127% over the previous year. Therefore, the increasing
cybersecurity threat is driving the growth of the critical
infrastructure protection service market.
Market Trends -
Major
companies operating in the critical infrastructure protection service
market are developing innovative technological solutions, such as
artificial intelligence (AI)-based analysis and response engines, to
gain a competitive edge in the market. AI-based analysis and response
engines refer to systems and software applications that leverage AI
technologies, such as machine learning and natural language processing,
to analyze data and automatically generate responses or take action. For
instance, in May 2023, Nozomi Network, a US-based software company,
launched Vantage IQ, an AI-based analysis and response engine designed
to enhance security in critical operational infrastructure. This
innovative tool leverages artificial intelligence and machine learning
to automate tasks like network analysis, asset management, and alert
prioritization, empowering security teams to achieve faster and more
accurate cybersecurity analysis. Vantage IQ offers capabilities such as
comprehensive network visibility, intelligent insights, AI-powered query
and analysis, and advanced predictive monitoring.
The critical infrastructure protection service market covered in this report is segmented –
1) By Type: Risk Management Services, Consulting Services, Managed Services, Maintenance and Support Services
2) By Cybersecurity: Encryption, Threat Intelligence
3)
By Vertical: Energy and Power, Transportation, Sensitive Infrastructure
and Enterprises, Government and Defense, Other Verticals
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Regional Insights -
North
America was the largest region in the critical infrastructure
protection service 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 service market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the critical infrastructure protection service market are
Siemens AG, Raytheon Technologies Corporation, Lockheed Martin
Corporation, International Business Machines Corporation, Cisco Systems
Inc., Schneider Electric SE, Northrop Grumman Corporation, Honeywell
International Inc., Broadcom Inc., BAE Systems plc, Thales Group, Leidos
Holdings Inc., VMware Inc., Booz Allen Hamilton Holding Corporation,
Palo Alto Networks Inc., Fortinet Inc., Splunk Inc., Check Point
Software Technologies Ltd., Trend Micro Incorporated, CrowdStrike
Holdings Inc., Thoma Bravo LLC, FireEye Inc., Rapid7 Inc., Darktrace
Limited, Symantec Corporation, Dragos Inc.
Table of Contents
1. Executive Summary
2. Critical Infrastructure Protection Service Market Report Structure
3. Critical Infrastructure Protection Service Market Trends And Strategies
4. Critical Infrastructure Protection Service Market – Macro Economic Scenario
5. Critical Infrastructure Protection Service Market Size And Growth
…..
27. Critical Infrastructure Protection Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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