About the Critical Infrastructure Protection Market
Critical infrastructure protection solutions help secure premises of oil and gas facilities, electricity facilities, water treatment plants, retail organizations, nuclear facilities, manufacturing facilities, and transportation facilities. Critical infrastructures are high-value construction projects that are vulnerable to security threats. There is an increased risk of cyber security that will dominate the existing physical security risks. Due to the increasing criminal activities over the network, the government has imposed strict regulations to secure these critical infrastructures.
Technavio’s analysts forecast the global critical infrastructure protection market to grow at a CAGR of 13.44% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global critical infrastructure protection market for 2016-2020. To calculate the market size, the report considers revenues generated from critical infrastructure protection solutions including physical security and cyber security solutions provided to end-users for securing their data and premises. Revenues generated from critical infrastructure protection services are not included in the market size calculations.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Critical Infrastructure Protection Market 2016-2020
Technavio recognizes the following companies as the key players in the global critical infrastructure protection market: Axis Communications AB, Robert Bosch GmbH (Bosch Security Systems), Honeywell International Inc. (Honeywell Security), IBM, McAfee, and Symantec.
Other Prominent Vendors in the market are: Assa Abloy, Avigilon, AxxonSoft, Check Point Software Technologies, CNL Software, CSC, Fortinet, Genetec, Kaspersky Lab, March Networks, MOBOTIX, Qognify, Safran, Samsung Techwin, Tyco, videoNEXT, and VidSys.
Commenting on the report, an analyst from Technavio’s team said: “A trend that is boosting market growth is the shift towards multifactor authentication. Authentication systems were developed initially to gain access to a particular system. They used different access control mechanisms. Authentication systems were followed by standalone applications with passwords. However, the implementation of standalone applications was difficult because these applications required multiple passwords. They also had security issues, as they were open to the public. Advances in technology led to the introduction of devices such as personal digital assistants, wireless computers, and smartphones that have access to distributed applications. This has weakened password authentication, and single-factor authentication was unable to address the issues. To overcome this, multifactor authentication was developed.”
According to the report, a key growth driver is the implementation of the BYOD policy by employers. The BYOD policy enables the employees of an organization to use their personal devices such as smartphones, laptops, desktops, and tablets for official purposes, allowing them to work without any time or location constraints. It helps employees in increasing their productivity, managing travel time, and reducing the operational costs of companies such as in repair and maintenance costs. Utilities and retail organizations worldwide are increasingly adopting BYOD policies to reduce their operational costs. Growing mobile workforce has enabled these organizations to employ a workforce across a given region, which in turn, has enhanced their productivity.
Further, the report states that one challenge that could impact market growth is the lack of efficient critical infrastructure protection solutions.
Axis Communications AB, Robert Bosch GmbH (Bosch Security Systems), Honeywell International Inc. (Honeywell Security), IBM, McAfee, Symantec, Assa Abloy, Avigilon, AxxonSoft, Check Point Software Technologies, CNL Software, CSC, Fortinet, Genetec, Kaspersky Lab, March Networks, MOBOTIX, Qognify, Safran, Samsung Techwin, Tyco, videoNEXT, VidSys.