How Has the Critical Infrastructure Protection Service Market Evolved Historically and What is its Current Size?
The critical infrastructure protection service market has seen considerable growth due to a variety of factors.
• The market size for critical infrastructure protection services has significantly expanded in recent years. It is projected to increase from $127.96 billion in 2024 to $137.88 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.8%.
Factors contributing to this growth during the historical period include heightened regulatory compliance obligations, an upsurge in insider threats, increased awareness of supply chain risks, enlarged cybersecurity expenditure by governments, and a growing demand for managed security services.
What Does Future Hold for The Critical Infrastructure Protection Service Market By 2029?
The critical infrastructure protection service market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust expansion is predicted for the critical infrastructure protection service market in the forthcoming years, with the prospect of it swelling to $186.09 billion by 2029 at a compound annual growth rate (CAGR) of 7.8%.
The expected growth during the projection period can be attributed to factors such as the rise of digital technologies in critical infrastructures, escalation of cybersecurity risk, a higher number of cyberattacks, increasing dependence on IoT devices, and an upsurge in ransomware attacks. The prediction period would also see trending factors like the acceptance of edge computing technology, the incorporation of artificial intelligence and machine learning into security, the implementation of 5G technology, embracing blockchain technology for infrastructure security, and advanced technology adoption.
What Are The Primary Growth Drivers In The Critical Infrastructure Protection Service Market?
The growth of the critical infrastructure protection service market is anticipated to be pushed forward by the escalating threat of cybersecurity. These threats refer to harmful activities and events that threaten the privacy, honesty, or accessibility of digital resources, systems, or networks. The growth in digital ecosystems and the constantly changing strategies of harmful actors are driving the rise in cybersecurity threats. Critical infrastructure protection services help combat these threats by providing specifically tailored solutions and strategies to protect vital infrastructure from potential attacks and disturbances. For example, in March 2023, the FBI (Federal Bureau of Investigation), a United States governmental agency, produced the Internet Crime Report. According to the report, the FBI's Internet Crime Complaint Center (IC3) received 800,944 reported complaints, leading to losses of more than $10.3 billion. Phishing was the top reported complaint in 2022, leading to a financial loss of $52 million. Investment fraud also showed a significant increase, with losses of $3.3 billion, a surge of 127% from the preceding year. Therefore, the escalating cybersecurity threat is a driving factor for the growth of the critical infrastructure protection service market.
What Is The Segmentation Of The Global Critical Infrastructure Protection Service Market?
The critical infrastructure protection service market covered in this report is segmented –
1) By Type: Risk Management Services, Consulting Services, Managed Services, Maintenance And Support Services
2) By Cybersecurity: Encryption, Threat Intelligence
3) By Vertical: Energy And Power, Transportation, Sensitive Infrastructure And Enterprises, Government And Defense, Other Verticals
Subsegments:
1) By Risk Management Services: Risk Assessment, Risk Mitigation, Risk Monitoring
2) By Consulting Services: Security Consulting, Compliance Consulting, Strategy And Planning Consulting
3) By Managed Services: Remote Monitoring, Incident Management, Managed Security Services (MSS), Security Operations Center (SOC) Services
4) By Maintenance And Support Services: System Upgrades, Technical Support, Software And Hardware Maintenance
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What New Trends Are Influencing The Critical Infrastructure Protection Service Market?
Leading businesses in the critical infrastructure safeguard sector are creating cutting-edge tech-based solutions, such as analysis and response systems powered by artificial intelligence (AI), to establish a competitive advantage in the marketplace. These AI-anchored analysis and response engines utilize AI technologies like machine learning and natural language processing to scrutinize data and spontaneously generate feedback or initiate action. For example, in May 2023, Nozomi Network, a software firm based in the USA, introduced Vantage IQ, an engine for analysis and response, leveraging AI to heighten the security of crucial operational infrastructure. This pioneering instrument employs AI and machine learning to automate professional processes such as network scrutiny, asset handling, and alert ranking, consequently enhancing the efficiency of security teams in conducting precise and swift cybersecurity analysis. Vantage IQ bestows features like broad network visibility, intelligent insights, query and analysis driven by AI, and advanced anticipatory monitoring.
Who Are the Key Players In The Critical Infrastructure Protection Service Market?
Major companies operating in the critical infrastructure protection service market are:
• Siemens AG
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• International Business Machines Corporation
• Cisco Systems Inc.
• Schneider Electric SE
• Northrop Grumman Corporation
• Honeywell International Inc.
• Broadcom Inc.
• BAE Systems plc
• Thales Group
• Leidos Holdings Inc.
• VMware Inc.
• Booz Allen Hamilton Holding Corporation
• Palo Alto Networks Inc.
• Fortinet Inc.
• Splunk Inc.
• Check Point Software Technologies Ltd.
• Trend Micro Incorporated
• CrowdStrike Holdings Inc.
• Thoma Bravo LLC
• FireEye Inc.
• Rapid7 Inc.
• Darktrace Limited
• Symantec Corporation
• Dragos Inc.
What Are The Regional Insights Into The Critical Infrastructure Protection Service Market?
North America was the largest region in the critical infrastructure protection service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the critical infrastructure protection service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
