Critical Infrastructure Protection (CIP) involves strategies and measures taken to prevent damage and ensure continuity of vital systems and functions in society. It aims to secure crucial services like energy, transportation, healthcare, banking and finance, etc. from threats that could disrupt their operations and compromise national and economic security. With growing cyber security risks and physical vulnerabilities, governments, and enterprises recognize the importance of securely managing critical services and facilities. This has boosted investments in developing stronger resilience of infrastructures and assets against disasters, accidents, and targeted attacks.
Market Dynamics:
The global Critical Infrastructure Protection (CIP) market is driven by growing cyber threats to digital infrastructures and rising terrorism activities endangering public places. According to Cyber Security Ventures, damages from cybercrimes may cost over USD 6 trillion annually by 2021. This has propelled the adoption of solutions securing industrial control systems, utilities networks, and other connected infrastructure. However, high initial costs of deployment and integration challenges restrain the market growth. Opportunities lie in modernizing the aging infrastructure, expanding installations across developing regions, and leveraging technologies like AI, IoT, and Blockchain for predictive monitoring and response.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook