Critical infrastructure protection (CIP) involves safeguarding vital components of the economy and government through identifying, securing, and ensuring the resilience of key resources, systems and functions. CIP products and services offer capabilities like access control, perimeter protection, video surveillance, screening and scanning, cybersecurity and risk management. The demand for CIP solutions is growing due to increasing risks of cyber threats and terrorism targeting critical assets. CIP helps organizations address various threats and ensures business continuity of operations.
The Critical Infrastructure Protection (CIP) market is estimated to be valued at USD 139.72 Bn in 2024 and is expected to reach USD 186.32 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Key Takeaways
Key players operating in the Critical Infrastructure Protection (CIP) are BAE Systems, Symantec Corporation, General Dynamics Corporation, McAfee, Inc., Honeywell International Inc, Thales Group, IBM Corporation, Lockheed Martin Corporation, Robert Bosch, Northrop Grumman Corporation, Axis Communications, Raytheon Company, Huawei Technologies IBMCo., Ltd., Airbus Group S.E., Motorola Solutions, Inc, Hexagon AB, OptaSense, Johnson Controls International PLC, 3x Logic. The growing threat from cyber attacks and terrorism is driving the demand for CIP solutions from industries like energy and utilities, transportation systems, defense and aerospace. Various technological advancements like IoT, AI and cloud computing are helping organizations automate protection, get real-time insights, and optimize resource use for infrastructure security.
Market trends:
The adoption of smart technologies in Critical Infrastructure Protection (CIP) Market Growth to automate operations and security. Advanced video surveillance with facial recognition and analytics helps detect threats faster. Growing deployment of IoT sensors is enabling real-time monitoring of critical infrastructures. Increase in border security spending is driving the use of radar, biometric systems and drone detection along borders.
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