Global Critical Infrastructure Protection Market Explored in SDI Report Now Available at MarketPublishers.com30 Mar 2016 • by Natalie Aster
LONDON – Increasing frequency of terror attacks emerges to be amongst key forces driving global spending in the field of critical infrastructure protection. Heightened terror incidents are one more important driver. Challenges this market faces comprise: a high cost of implementation and a lack of skilled resources.
The global market for critical infrastructure protection (CIP) is set to be just under USD 65 billion in 2016. It is expected to grow at a 2.4 percent CAGR in the upcoming years to be worth over USD 82 billion by 2026. The cumulative market for world’s expenditure on CIP is forecast to amount to around USD 814 billion over the forecast period.
The CIP marketplace is set to witness sustained investment in the years to come
North America will dominate the CIP marketplace, with its market share being approximately 35 percent. APAC and Europe will be two other market leaders, having shares of 27 percent and 25 percent, respectively. The Middle East, Latin America and Africa are other prominent markets.
The physical security segment will hold the lion’s share of the global marketplace, and its market share will be approximately 70 percent. Network security will form another large market segment.
Raytheon, CACI, Thales and Booz Allen Hamilton are some of majors in this space.
New research report “The Global Critical Infrastructure Protection Market 2016-2026” drawn up by Strategic Defence Intelligence (SDI) offers a comprehensive guide to the world’s CIP marketplace. The study contains a detailed overview of this market and discloses key statistics. It canvasses market dynamics and focuses on key challenges. The report throws light on each market segment and investigates regional markets, besides sharing with a reader details on major countries. The research study discusses key programs in this space and covers the competitive landscape. Company profiles along with market forecasts are on hand in the research report, too.
The Global Critical Infrastructure Protection Market 2016-2026
Published: March, 2016
Price: US$ 4,800.00
More new research studies by our market research partner can be found at SDI page.