Global Critical Infrastructure Protection (CIP) Market to 2025 - Rising Adoption of Cloud Technology and IoT Devices
DUBLIN, May 29, 2020 /PRNewswire/ -- The "Critical Infrastructure Protection Market by Component, Solution (Physical Safety and Security, Cybersecurity, Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global CIP market is estimated to grow from USD 128,912 million in 2020 to USD 152,289 million by 2025, at a CAGR of 3.4% during the forecast period.
The market study covers the CIP market size across segments. It aims at estimating the market size and the growth potential of this market across segments categorized into components, solutions, verticals, and regions. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Growing need to secure OT networks is driving the overall growth of the critical infrastructure protection market.
Biometrics is one of the fastest-growing technologies that is used to secure the perimeter of critical infratructures. ID management systems play a major role in almost all verticals to secure enterprise premises from unauthorized entry. Also, the management of vehicular access to critical infrastructures is also managed through Radio-Frequency Identifications (RFIDs) and tags under physical identity and access control. Hence, physical identity and access control is expected to grow at the highest CAGR.
The Middle East and Africa to register the highest growth rate during the forecast period.
The Middle East and Africa (MEA) have a great scope for the growth of the CIP market. The CIP market in MEA is anticipated to grow significantly, due to increasing government investments in improving overall security posture and increased sophistication of cyberattacks.
The fast expansion of regional enterprises in MEA is another crucial variant contributing to the growth of the market. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with people from key companies.
Major vendors offering CIP solutions and services include BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (US), Thales (France) , Hexagon AB (Sweden), Johnson Controls (US), Huawei (China), Optasense (England), Teltronic (Spain), Motorola Solutions (US), Axis Communications (Sweden), Waterfall Security Solutions (Israel), Rolta (India), SCADAfence (Israel), Tyco International (Ireland), and 3xLogic (US). The study includes an in-depth competitive analysis of these key market players, along with their profiles, recent developments, and key market strategies.
Key Topics Covered
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