Critical Infrastructure Protection Market Projected to $105.95 Billion by 2018 - Report by MarketsandMarkets
(PRWEB) August 06, 2014 -- The need for increasing the agility of a business process, along with cost control measures is playing a cardinal role in shaping the future of Critical Infrastructure Protection Market. Even though the adoption of these solutions is slow due to the high costs involved with deployment and compliance concerns; these solutions are expected to gain increasing market traction across all major verticals, owing to the growing demand for automation and secure connectivity. MarketsandMarkets further expects that the integration of security solutions within the existing organizational framework will further amplify the growth of businesses, while ensuring the compliance and regulatory standards.
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MarketsandMarkets forecasts the global critical infrastructure protection market to grow $105.9 billion in 2018. In terms of geographies, North America is expected to be the biggest market in terms of revenue contribution, while Latin America (LA) and Middle East and Africa (MEA) is expected to experience increased market traction, during the forecast period.
The Critical Infrastructure Protection Market by security related technology types, solutions, services, vertical and geographical regions.
Rise in the development of automation and ICT dependency, across the verticals, the need for ensuring cost effective solutions from cyber threats/attacks is driving the critical infrastructure protection market. Critical infrastructure security solutions ensure cost efficiency and reliability as they deploy both traditional physical security and the modern cyber security. Currently, the focus of the national and state governments across the world is to ensure protection to these infrastructures, while building on disaster preparedness and mitigation plans.
Many national, state or local governments are enhancing their energy infrastructure in their particular regions. For instance, North America energy transmission and distribution network is the largest of the world’s older grids. Today, due to the aged Critical Infrastructure Protection Market and ever growing demand, the utilities companies are spending billions of dollars to bring the grids at par with the global standards. Globally, revenues for security services are increasing with the rising demand for cost saving and business automation enhancing solutions. While organizations across the globe are looking forward for solutions that integrate the solutions into their mainstream process workflows, the service providers are optimistic about enriching their offerings by delivering value added services.
Critical infrastructure protection solutions blend the traditional security processes with sophisticated cyber security solutions, enabling value added business outcomes. Transportation and energy security are directly prone to any attack because of the increasing levels of dependence on the information communication technologies or the information infrastructure. North America is the biggest market in terms of market size and opportunity, while Latin America (LA) and Middle East and Africa (MEA), especially counties such as Saudi Arabia, are expected to get increased market traction, during the forecast period.
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