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(India.CityRegions.Com, March 19, 2018 ) Global Critical Infrastructure Protection Market , Application, and Regional Market Size, Status and Forecast to 2025
The Global Critical Infrastructure Protection Market was valued at USD 107.70 billion in 2016 and is projected to reach USD 198.2 billion by 2025, growing at a CAGR of 7.01% from 2017 to 2025.
Critical infrastructure protection is the area of concern surrounding the protection of systems, networks and assets whose continuous operation is deemed necessary to ensure the security of a given nation, its economy, and the public health and/or safety. Steps included in critical infrastructure protection cycle include - analysis and assessment, remediation, indications and warnings, mitigation, incident response, and reconstitution.
Major players in the Critical Infrastructure Protection market include BAE Systems (UK), General Dynamics Corporation (US), Honeywell International Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Group SE (Netherlands), Hexagon AB (Sweden), Johnson Controls International plc (Republic of Ireland), Thales Group (France), Teltronic S.A. (Spain), OptaSense (UK), Motorola Solutions, Inc. (US), and Huawei Technologies Co., Ltd. (China); service providers; and system integrators.
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The application and the large-scale smart grid implementation across various geographies and verticals are causing the smart grid market to grow rigorously. The technology helps optimize the loss of energy during transmission and distribution; ensuring reduction in electricity consumption.
The developing economies are witnessing a robust growth in infrastructure development particularly in the utility sector, which has created a dire need for adherence to CIP standards, which could lead to enhanced protection from diverse security threats capable of causing insurmountable losses to the national economy. The changes made by Federal Energy Regulatory Commission (FERC) to the Critical Infrastructure Protection Reliability Standards (popularly known as CIP v5) have emerged as a fundamental compliance for bulk power systems across the region.
Access More Details at http://www.kminsights.com/reports/global-critical-infrastructure-protection-market-by-security-technology--vehicle-identification-management--network-security--radars--building-management-systems--physical-security--chemical--biological--radiological-and-nuclear-defense--supervisory-control-and-data-acquisition-security--secure-communication---services--managed-services--risk-management-services--maintenance-and-support-services--consulting-services---application--and-regional-market-size--status-and-forecast-to-2025-169829
Factors such as IT and infrastructure investments, coupled with the changing regulatory requirements are affecting the modernization of the sector, with large growth opportunities observed in analytics, followed by advanced metering infrastructure and network operations software. This growth, in turn leads to a consequent demand for critical infrastructure protection, which is expected to drive the growth of the market lucratively. The increasing spend in infrastructure development is hence expected to guide the growing demand for critical infrastructure protection.
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Source: EmailWire.Com
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