The Critical Infrastructure Protection (CIP) Market is poised for substantial growth, with projections indicating it will reach USD 163.68 billion by 2033. As of 2023, the market was valued at USD 97.36 billion and is anticipated to grow at a compound annual growth rate (CAGR) of 3.67% over the forecast period from 2023 to 2033. The CIP market focuses on the security of essential systems and assets critical for national security and public safety, including sectors such as energy, transportation, telecommunications, and water supply. It encompasses a range of solutions designed to protect against both physical and cyber threats. This includes technologies for threat detection, risk assessment, resilience planning, and emergency response. Key players in the market are actively involved in developing advanced surveillance systems, cybersecurity tools, access control mechanisms, and disaster recovery strategies. Driving factors behind the market growth include increasing global threats, stringent regulatory requirements, and the integration of Internet of Things (IoT) and artificial intelligence (AI) technologies in infrastructure management. The primary goal of these solutions is to ensure the continuity of operations and safeguard against disruptions caused by natural disasters, terrorism, and cyberattacks.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Verticals (Financial Institutions, Government, Defense, Transport and Logistics, Commercial Sector, Others)
By Solutions (Physical Safety and Security, Cybersecurity)
Key players
BAE Systems
Lockheed Martin
General Dynamics
Northrop Grumman
Honeywell
Airbus
Raytheon
Thales
Hexagon AB
JOHNSON CONTROLS
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook