Critical infrastructure market to climb to $157 billion

Northbrook, Il (USA)

Marketsandmarkets have released a report predicting that the the global post-Covid 19 critical infrastructure protection market size could grow from USD 133.3 billion in 2021 to USD 157.1 billion by 2026, at a compound annual growth rate of 3.3% over that same period.

By solution, the analysts suggest that it is the physical safety and security segment that will hold the largest market size during the forecast period. Any critical infrastructure requires multiple physical barriers to ensure physical protection.

Terrorism remains a huge challenge

Terrorism and natural disasters remain the biggest challenges for CIP. For example, in September 2019, Saudi Arabia suffered the deadliest attack on its oil facilities named Saudi Aramco. A small army of drones attacked two major oil plants in Abqaiq and Khura, destroying nearly 50% of the countrys global supply of crude oil. Therefore, enterprises need to think beyond traditional perimeter security, clearly define security perimeters, and protect secured areas with entry controls to ensure authorised personnel entry.

In November 2018, US president Donald Trump established the Cybersecurity and Infrastructure Security Agency (CISA) that co-ordinates security and resilience efforts using trusted partnerships across private and public sectors and delivers technical assistance and assessments to federal stakeholders as well as infrastructure owners and operators.

Secure and robust security systems such as high-quality video surveillance systems and perimeter security systems are integrated in premises to monitor ongoing activities in and around the premises. With the inception of video analytics as well as technologies, such as thermal cameras and biometric authentication, video surveillance has improved drastically. Some systems now use micro waves and radio waves to create perimeters that can alert security teams about threats.

Video surveillance devices supported by video analytics software help monitor crowds in public areas and enterprises. The increased adoption of video surveillance supported by the facial recognition technology is observed in various application areas, including border control, law enforcement, and government and public utilities. The physical safety and security segment includes physical identity and access control systems, perimeter intrusion systems (radars and sensors), video surveillance systems, screening and scanning, and others (facility management systems, emergency response, and disaster management).

Commercial sector tops the vertical markets

The commercial sector includes sensitive areas, such as hospitals, stadiums, theatres, auditoriums, malls, offices, and holy places. Protecting these facilities becomes extremely important for countries’ security and economy. These challenging environments need to be secured by deploying the right technology and providing the best possible information to decision makers. These critical infrastructures typically cover large areas, and thus, the need to achieve full coverage and better operational efficiencies drives the growth of this vertical.

North America takes the largest geographical slice

In this region Public-Private Partnerships (PPPs) and international collaborations have led to effective critical infrastructure security and resilience. As per the Department of Homeland Security (DHS), 85% of the US’ critical infrastructures such as oil and gas, banking and finance, transportation, utilities, electric power grids, and defence are owned by the private sector and the rest is regulated by the public sector.

The National Infrastructure Protection Plan (NIPP) enables state, regional, federal, local, and international governments to work within and with their private partners for a networked community to maintain effective risk management and security of the region’s critical infrastructure. For example, the energy and power grid sector in the region requires public, private, and regulatory co-operation among DHS, Department of Energy (DOE), and the Department of Defense (DOD) for protecting their Operational Technology (OT) systems from cyber threats. International co-operation among Public Safety (PS) Canada and the US DHS has facilitated real-time collaborations for critical infrastructure cyber security issues.

Major vendors

Major vendors mentioned in the global Critical infrastructure protection market report include BAE Systems, Lockheed Martin, General Dynamics, Northrop Grumman, Honeywell, Airbus, Raytheon, Thales, Hexagon, Johnson Controls, Huawei, Optasense, Teltronic, Motorola Solutions, Axis Communications, Waterfall Security Solutions, Rolta, Scadafence, Tyco International, 3xlogic and Sightlogix, amongst others.


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