According to a research report titled ‘Global Critical Infrastructure Protection Market 2021-2028’, available with Market Study Report, global critical infrastructure protection market is projected to grow at a rate of 6.89% CAGR over the forecast period 2021-2028.
 

As per the report findings, large-scale implementation of smart grid technology as well as rise in the occurrences of physical threats, insider attacks, and cyber threats are stimulating worldwide critical infrastructure protection market growth.
 

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Furthermore, growing use of cloud computing in conjunction with critical infrastructure protection systems is enhancing the industry outlook. Besides, intensifying political pressure for efficient regulations are adding substantial traction to industry development.
 

Moreover, IoT (Internet of Things) technology is propelling information & physical security industry growth, thus creating new opportunities for businesses operating in global critical infrastructure protection market.
 

On the downside, poor interoperability among products, and lack of understanding of industrial control systems are likely to hamper overall market growth in the upcoming years.
 

Based on security technology, the market is arrayed into network security, physical security (video surveillance, screening & scanning, access control, PSIM & PIAM), secure communications, vehicle identification systems, SCADA security, CBRNE, building management systems, and radars.
 

By services, the industry sphere is split into designing, integration & consultation, risk management services, maintenance & support, and managed services. Moving on to vertical type, the market segmentation comprises sensitive infrastructure & enterprises, energy & power, and transportation.
 

From a regional frame of reference, North America currently accounts for a majority of global critical infrastructure protection market share. This can be ascribed to surging investments in smart grids to improve security, reliability, flexibility, & efficiency of electricity systems, and prompt adoption of new technologies in the region.
 

For instance, the implementation of the National Strategy and Action Plan for Critical Infrastructure in Canada has enabled the development of a risk-based approach to bolster the resiliency of the country’s crucial assets and systems, thus stimulating regional market development.
 

Leading players in the market are Axis Communications AB, Teltronic S.A. Unipersonal, Telefonaktiebolaget LM Ericsson, AO Kaspersky Lab, Northrop Grumman Corp., Lockheed Martin Corp., General Dynamics Corp., Waterfall Security Solutions Ltd., McAfee Corp., General Electric Company, Hexagon AB, Airbus SE, Raytheon Technologies Corp., Honeywell International Inc., and BAE Systems plc.