Global Critical Infrastructure Protection (CIP) Market

The global critical infrastructure security market was worth USD 79.49 billion in 2020 and is expected to be worth USD 117.19 billion by 2026, with a compound annual growth rate (CAGR) of 6.49 percent between 2021 and 2026. The Market is driven by factors such as Increasing stringent government regulations to increase the adoption of CIP solutions, Rising Need to Protect Industrial Infrastructure to Surge Demand for CIP Solutions

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Technology Trends
  • Regulatory Trends
  • Post COVID-19 Recovery
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

Critical infrastructure protection refers to the obligation to safeguard a region’s critical infrastructures, such as food and agriculture or transportation (CIP). Every country’s government is in charge of protecting essential infrastructure from natural disasters, terrorist assaults, and, increasingly, cyber threats. From energy companies to transportation companies, it is crucial that all critical infrastructure sectors have the greatest level of security and that disaster readiness, response, and recovery are top priorities.

Industrial control systems (ICS), operation technology (OT), and supervisory control and data acquisition (SCADA) systems are examples of critical infrastructure components that must be secured. The world around us is changing, and digital and physical systems are becoming increasingly intertwined. Systems that formerly managed critical infrastructure activities on their own are increasingly connected to the internet and sharing sensitive information. This new world structure introduces new security issues.

Throughout their entire critical infrastructure environment, critical infrastructure firms must adopt a solid architecture capable of anticipating and mitigating disaster. Critical Infrastructure Protection (CIP) helps businesses prepare for and respond to catastrophic events that affect critical infrastructure environments, as well as defend themselves from an ever-increasing array of threats. Threats can have disastrous repercussions, putting the global economy and entire communities at risk.

The creation of robust and meaningful collaborations between governments and private parties is important to the success of critical infrastructure security programme. The tools used to manage and implement these projects are just as important to their success. Understanding the dangers that could compromise the integrity of critical infrastructure systems is equally vital.

We normally think of hacker or terrorist risks when we think of system or network security, but there are other threats to consider, such as equipment failure, human mistake, and natural disasters. Securing the country’s most critical services is a difficult task. It requires continual collaboration and cooperation across key authorities and departments, as well as the continuous application of improved CIP technology and processes.

It’s comforting to know that you have a rapid, adaptable, and dependable solution available to combat emerging threats to your systems and maintain the integrity of your key operations as essential industrial systems grow and become increasingly networked.

Market Overview

The global critical infrastructure security market was worth USD 79.49 billion in 2020 and is expected to be worth USD 117.19 billion by 2026, with a compound annual growth rate (CAGR) of 6.49 % between 2021 and 2026. Critical infrastructure supports the smooth evolution and assimilation of modern civilization in a proactive and dynamic manner. Critical infrastructure performance, safety, dependability, continuous operation, maintenance, and protection are among the top national objectives for countries all over the world.

Assets, networks, and systems, whether physical or virtual, make up the critical infrastructure sectors. Physical protection of key infrastructure can help to prevent high-impact terrorist attacks and the cascade repercussions that are typically linked with them. Between January 2017 and April 2018, INTERPOL saw a 200 % increase in the number of profiles of foreign terrorist fighters.

The security of vital infrastructure is becoming one of the top priorities for national governments, infrastructure managers, and municipal governments. The European Union (EU) proclaimed the importance of CIP to all of its member states and inhabitants through its European Program for Critical Infrastructure Protection (EPCIP).

Due to rapid urbanization around the world, cities’ infrastructure has been put under tremendous strain, and governments are focused on modernizing infrastructure, such as transportation, energy, and water, in order to improve livability. The information and telecommunications sectors are also extremely important in CIP.

Industrial control systems (ICSs) are yet another critical component of the industrial ecosystem’s critical information infrastructure, supervising and controlling processes in industrial infrastructures such as bulk energy generation systems, electrical distribution and transmission systems, water treatment systems, oil and gas pipelines, and chemical plants and refineries.

Attacks on industrial control systems are on the rise, according to Kaspersky and Symantec. Developing countries, as well as countries in Western Europe and North America, such as the United States, are predominantly targeted. The majority of attacks are carried out via the internet, portable media, or email. Furthermore, bitcoin malware attacks 1% to 4% of IC systems each month.

Spending on smart cities is predicted to increase to USD 34.35 billion by the end of 2020, up from USD 14.85 billion now, according to the Consumer Technology Association (CTA). The rise in smart city investment is likely to boost demand for critical information system security solutions.

Furthermore, the growth of connected devices has increased the vulnerability of cyber threats, prompting governments to include them as a critical component of critical infrastructure. According to Cisco Systems Inc., by 2030, 500 billion devices are expected to be connected to the internet. Over the forecast period, all of these factors are expected to fuel the market’s expansion.

Market Risks

The Prime Risk Factor for Market Players in the Global Critical Infrastructure Protection (CIP) Market is

High Fragmentation

The Global Critical Infrastructure Protection (CIP) Market is largely fragmented, with a number of conglomerates and medium-sized and small start-up companies accounting for the majority of global market share. Lower entry barriers, a lack of economies of scale, and fierce market competition are all factors contributing to the Global Critical Infrastructure Protection (CIP) Market’s fragmentation. Businesses with lower margins and higher costs will benefit from a fragmented market. When interacting with other countries, they also lack the benefit of size.

Top Market Opportunities

The Top Opportunities for Market Players in the Global Critical Infrastructure Protection (CIP) Market are

Rising adoption of cloud technology and IoT devices

The cloud and the Internet of Things (IoT) are helping to drive up demand for critical infrastructure protection solutions. Critical infrastructure businesses such as communication, IT, energy, and financial services have chosen cloud solutions to store personal and confidential data because cloud technology provides reliable, cost-effective, and scalable solutions. According to a DHS report, 86 % of critical infrastructure owners and operators in high-tech industries have implemented cloud solutions. The analysis demonstrated how different industries are spending on critical infrastructure using cloud services, with an estimated growth from USD 152 billion in 2020 to USD 223 billion by 2025.

Smart city, smart infrastructure, and smart grid efforts are all expanding at breakneck speed. In 2020, Cisco estimates that 50 billion gadgets will be connected to the Internet of Things. The Internet of Things Security Institute (IoTSI) has produced an IoT security framework with a set of rules to defend, control, and maintain IoT security across smart cities and critical infrastructure to secure IoT connections over critical infrastructure. The edge building in Amsterdam, Netherlands, employs smart grid technology and is intended to save CO2 emissions by 42 million kg, making it the world’s cleanest and most intelligent structure. The demand for vital infrastructure is being fueled by an increase in smart city efforts.

The number of installed smart meters is predicted to climb from USD 98 million in 2019 to USD 107 million in 2020, according to a survey by the Institute for Electric Innovation (IEI). Salt River Project (SRP), Energy Advanced Metering Infrastructure (AMI), and AEP Ohio are three notable smart grid projects. These projects are located in cities across the United States, including Louisiana, Ohio, Mississippi, and Texas.

Growing Smart Cities to boost demand for Critical Infrastructure Protection Offerings

Smart cities are made up of physical and cyber infrastructures that provide several benefits and raise overall living standards. Smart city growth, on the other hand, puts essential infrastructures like public safety, electrical grids, smart transportation systems, and water supply at danger, posing a national security risk indirectly. Because of their interconnectedness, these critical infrastructures in smart cities are particularly exposed to cyber assaults. Security specialists utilize cyber and physical technologies that provide appropriate layers of defense against threats to prevent vital infrastructure from being harmed by cyberattacks. As a result, there is a growing demand for critical infrastructure protection services to defend smart city vital infrastructure from cyber-attacks.

Market Drivers

The Major Factors driving the growth of the Global Critical Infrastructure Protection (CIP) Market are

Increasing stringent government regulations to increase the adoption of CIP solutions

Power grid, manufacturing, information technology, and transportation disruptions have a significant influence on a country’s economic stability, national security, safety, and health. Several governments have enacted federal legislation and regulations aimed at developing cybersecurity standards for critical infrastructure protection. Former US President Donald Trump tasked the Cyber Security and Infrastructure Security Agency (CISA) with identifying vulnerabilities in the country’s critical infrastructure on November 16, 2018. The CISA recently launched 55 important functions to control physical damages, operational interruptions, and intellectual property breaches. To construct secure infrastructure systems, the Department of Homeland Security (DHS) collaborated with business sector partners. Because private companies own and run 85 % of vital infrastructure in the United States, the government maintains a tight relationship with them. Public Safety Canada, a cybersecurity group, has partnered with critical infrastructure stakeholders to improve the security and resilience of key assets such as food supply, energy and utilities, public safety systems, and Information and Communication Technology (ICT). The Australian Critical Infrastructure Act 2018 keeps track of critical infrastructure assets in order to manage threats to Australia’s critical infrastructure in collaboration with the government, regulators, and critical infrastructure operators.

The US Department of Homeland Security (DHS), the Department of Defense Information Assurance Certification and Accreditation Process (DIACAP) of the US, the North American Electric Reliability Council (NERC), the European Programme for Critical Infrastructure Protection (EPCIP), the European Commission’s Critical Infrastructure Warning Information Network (CIWIN), and Public Safety Canada’s National Strategy and Action Plan These organizations aid in the enhancement of physical and cyber infrastructure security and resilience. Governments in many regions also provide incentives to enterprises, such as cybersecurity insurance, subsidies, and tax breaks, to encourage them to invest in critical infrastructure protection. Therefore, regulatory compliances are adopted by several governments to protect data from cyber threats, increasing the adoption of CIP solutions.

Rising Need to Protect Industrial Infrastructure to Surge Demand for CIP Solutions

Terrorist attacks, cyberattacks, conventional or falling infrastructure, and harsh weather conditions are among the many man-made and natural hazards and risks that threaten critical infrastructure. For administration and remote monitoring, major industrial installations require internet access. Defense, transportation, energy systems, healthcare, banking, and telecommunications are all vulnerable to the threats listed above. They may also have a negative impact on the global economy. As a result, critical infrastructure protection technologies are important for averting such dangers. Furthermore, the COVID-19 pandemic would have a beneficial impact on the industry, fueled by the urgent demand for strong communication infrastructure as educational institutions transition to e-learning and businesses shift to work-from-home programme.

Market Restraints

The Major Factors restraining the growth of the Global Critical Infrastructure Protection (CIP) Market are

High procurement costs of CIP solutions

CIP investments are critical for preserving economic stability and boosting a country’s security posture. The adoption of CIP solutions necessitates the use of fast Central Processing Units (CPUs) and data processing tools, which raises essential infrastructure expenses. As a result, for many operators, CIP solutions are an expensive option. To ensure that authorized personnel have physical and logical access to vital assets, current CIP standards demand strong multi-factor authentication. Due to limited resource availability, operators favor multi-threat solutions over CIP systems. For critical infrastructure firms, upfront costs like as licensing, hardware requirements, help desk fees, and maintenance and renewal activities are prohibitively expensive.

Small and medium-sized businesses (SMEs) have limited or no resources to invest in critical infrastructure security. CIP network protection includes security solutions such as Identity and Access Management (IAM), Distributed Denial of Service (DDoS) mitigation, Intrusion Detection System (IDS), encryption, and risk and compliance management, all of which are expensive for businesses. As a result of the high costs of installation and maintenance, enterprises are hesitant to implement CIP systems in their surroundings.

Complexities in Creating Partnership among Private Business and Government

To defend vital infrastructure against immoral acts, data such as random threats, new occurrences, and computer intrusions must be continuously collected and analyzed from a wide range of internationally distributed sources. However, gathering and constructing a comprehensive and overall picture of activity on the global information infrastructure is difficult. As a result, robust relationships across a wide range of stakeholders, corporations, and the government have become critical to ensuring that the correct data is presented in the right place at the right time. Creating partnerships for coordination and information sharing, on the other hand, is a tough task since trust must be established among people with differing interests and expectations.

Industry Challenges

The Prime Challenge for Market Players in the Global Critical Infrastructure Protection (CIP) Market is

Lack of trained security analysts to analyze CIP systems

The shortage of security personnel is the most significant barrier to protecting vital infrastructure. According to Jeanette Manfra, assistant director of CISA, a skills deficit in the public and private sectors can pose a threat to national security. Computer systems known as ICS power critical infrastructure systems, which necessitate the use of qualified cybersecurity professionals to defend massive networks. The number of vacant jobs is predicted to reach 3.5 million by 2021, according to Cybersecurity Ventures. The interconnectedness of the ICS has exacerbated the labor shortage. Countries like the United Kingdom and Japan are having difficulty finding qualified cybersecurity specialists.

According to a research paper published in 2019 by the Australian Strategic Policy Institute (ASPI), critical infrastructure providers in Australia lack OT security expertise and are unprepared to respond to critical infrastructure disasters. Despite the expanding digital marketplace expansion, there is a significant scarcity of security personnel to oversee vital infrastructure. As a result, educated and qualified security specialists are required to efficiently run CIP solutions.

Technology Trends

Technology is re-shaping the way the solutions are delivered for their corresponding problems, some of the top tech trends in the Global Critical Infrastructure Protection (CIP) Market are

Artificial Intelligence (AI)

Over the next five years, the application of artificial intelligence (AI) in critical infrastructure systems will skyrocket. AI plays a key role in some of humanity’s most sophisticated systems, particularly those that are safety-critical. Software is typically employed in critical systems to regulate the behavior of electromechanical components and monitor their interactions, but it is also utilized in a variety of other ways. Pattern matching and/or decision making, prognostics and predictive analytics, anomaly detection, and other AI applications in critical systems are all possible.

Big Data

The availability of data generated by the CI in a working environment is one of the most significant factors of preventing cyber security assaults on the CI. As close to the incident as feasible, this data must be available for analysis and necessary actions. Data from other heterogeneous systems that are indirectly related to the CI, as well as data from core CI components, must be used to develop an effective defense mechanism against cyber threats.

In order to adequately safeguard the CI, we require data volume, velocity, and variety. Big Data is made up of these three Vs, as well as the fourth V, value, which is derived from the data. To put it another way, Big Data is a vital asset for effective cyber-attack operations. For the protection of CI, we need a continually growing, data-driven architecture and processes that use Big Data analytics for effective security monitoring and protection.

To put it another way, Big Data is a vital asset for effective cyber-attack operations. For the protection of CI, we need a continually growing, data-driven architecture and processes that use Big Data analytics for effective security monitoring and protection.

Regulatory Trends

Governments all over the world have been paying close attention to one of the most dangerous risks today: the cybersecurity threat. Though digitalization and the internet have provided immense benefits to humanity, it is said that everything good has a downside.

The Critical Infrastructure Protection Market Share has been gaining a substantial driving force towards expansion as a result of the government’s tough rules. Market Opportunities for Critical Infrastructure Protection seems to have become the most important aspect of people’s lives.

Post COVID-19 Recovery

The COVID-19 pandemic was a watershed incident that changed the way corporations looked at security. The pandemic has had a significant impact on how enterprises and users receive cybersecurity and critical infrastructure protection in order to expedite remote workforce support and accelerate cloud adoption. With every organisation implementing a work-from-home policy, demand for cloud-based technologies has increased. However, as a result of this expansion, the risk of cyber threats has increased, prompting venture capitalists to expand their investments in cyber infrastructure security. Furthermore, during a global lockdown, the risk of an external terrorist attack rises owing to a reduction in security force movement, necessitating the use of human-less monitoring and security of physical key infrastructures, driving up demand for critical infrastructure protection solutions.

However, because many transportation services are unavailable and most tourist attractions are closed at this time, the adoption of critical infrastructure protection solutions is limited. Furthermore, following the lockdown, due to large crowds of people in numerous locations such as transport stations, the global demand for critical infrastructure protection will increase.

Market Size and Forecast

The global critical infrastructure security market was worth USD 79.49 billion in 2020 and is expected to be worth USD 117.19 billion by 2026, with a compound annual growth rate (CAGR) of 6.49 % between 2021 and 2026. Critical infrastructure supports the smooth evolution and assimilation of modern civilization in a proactive and dynamic manner. Critical infrastructure performance, safety, dependability, continuous operation, maintenance, and protection are among the top national objectives for countries all over the world.

During the projection period, the global market for military critical infrastructure protection is predicted to reach over US$1.1 trillion, with North America leading the way, followed by Europe and Asia Pacific. North America, which has traditionally been the major CIP spender, is expected to account for around 33% of the market between 2021 and 2026.

Emerging nations like as Russia, France, and the United Kingdom drive spending in the European area, which accounts for roughly 27% of worldwide market share. Asia Pacific accounts for 21% of the global market for critical infrastructure protection. The Middle East is another important market that is predicted to grow steadily in the worldwide market, with a total share of around 15% between 2021 and 2026. The Latin American and African regions will account for the remaining 5% of market share.

Physical security is predicted to account for the largest share of investment, followed by market segments for network security and others. Physical security spending is primarily driven by the need to deploy sufficient staff across all regions and establishments designated as potential terror targets. Because of its massive infrastructure network, which includes thousands of important buildings and factories, transportation networks, and information technology structures, the United States is the segment’s largest spender. It is anticipated to hold a significant part of the global Physical Security market.

The Physical Security industry is predicted to get over US$920 billion in total investment, while the Network Security and Others segments will receive roughly US$189 billion and US$31 billion, respectively.

With a cumulative investment of over US$370 billion between 2021 and 2026, North America is predicted to lead the worldwide critical infrastructure protection market. The US’s present and prospective procurement activities, which account for a big portion of the region’s overall investment in CIP solutions, will drive much of the spending in the region.

Market Outlook

The global critical infrastructure security market was worth USD 79.49 billion in 2020 and is expected to be worth USD 117.19 billion by 2026, with a compound annual growth rate (CAGR) of 6.49 % between 2021 and 2026. Critical infrastructure supports the smooth evolution and assimilation of modern civilization in a proactive and dynamic manner. Critical infrastructure performance, safety, dependability, continuous operation, maintenance, and protection are among the top national objectives for countries all over the world.

Sensitive Infrastructure and Enterprises Sector Vertical to Grow at the Highest Rate

Financial services are an important part of the country’s critical infrastructure. Recent natural catastrophes, widespread power outages, and a surge in the frequency and sophistication of cyberattacks highlight the sector’s wide spectrum of potential threats.

Due to the vast client base supplied by the business, the BFSI sector is suffering multiple data breaches and cyberattacks due to the presence of a large networking infrastructure, coupled with sensitive and vital data. Robberies, vandalism, and fraud are just a few of the threats that ATMs confront.

North America is Expected to Hold Major Share

North America is likely to be a significant market because to the increasing acceptance of CIP solutions and services across several end-user verticals in the area. Vendors have a significant presence in the region, which helps to drive market growth. Honeywell International Inc., Raytheon Co., General Electric Co., General Dynamics, Lockheed Martin Corporation, and Northrop Grumman Corporation are just a few of the companies involved.

In 2021, North America was worth USD 58.49 billion. The United States government’s implementation of numerous bodies and policies, including as the Homeland Security Presidential Directive (HSPD-7) and the National Infrastructure Protection Programme (NIPP), are helping to grow the regional market. Furthermore, the National Strategy and Action Plan for Critical Infrastructure has established a risk-based approach for increasing the robustness of Canada’s critical systems and assets, augmenting overall market growth.

During the forecast period, Asia Pacific is expected to have the highest CAGR of 8.9 %. The proliferation of technology in industrial systems and defense are two significant reasons driving regional market expansion. With increased investments in infrastructure protection hardware and software, China is expected to have a high growth rate. Key companies are concentrating their efforts in Asia Pacific, which is expected to have a beneficial impact on market growth.

Distribution Chain Analysis

The various segments of the Global Critical Infrastructure Protection Market include

Competitive Landscape

The critical infrastructure protection market is highly competitive, owing to the presence of many small and large players in the market operating their business in domestic and international markets. Many manufacturers are responding to the increased threat of infrastructure assaults by delivering vital information security solutions. These services, technologies, and partnerships must lead to new services, technologies, and partnerships with premier infrastructure providers.

Key Market Developments

  • In May 2021, BAE Systems will provide receiver modules that will allow the military to use a jam-resistant GPS signal known as M-code or military code. The modules would be employed in the construction of military-grade GPS receivers for precision-guided bombs and portable devices.
  • In February 2020,IronNet Cybersecurity Inc. joined hands with Raytheon Company to create cyber solutions for the operational technology and information technology (OT/IT) systems. These will be delivered to the defense team and will help in controlling the interaction with the physical world.

Competitive Factors

With the advent of infrastructure attacks, many vendors respond to the rising threat by offering critical information security solutions. These offerings have to lead to new services, technologies, and partnerships with leading essential providers of infrastructure.

For Instance, In June 2020 – The company and Kuwait Integrated Petroleum Industries Company (KIPIC) have participated in strategic collaboration, signing a five-year, multi-million-dollar contract for services to protect, optimize and maintain operations at the Al Zour refinery and liquefied natural gas import (LNGI) terminal in southern Kuwait.

Key Market Players

The major players in the market are BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (US), Thales (France), Hexagon AB (Sweden), Johnson Controls (US)

BAE Systems plc is a corporation that specializes in defense, aerospace, and security. The business is divided into five segments. The Electronic Systems segment includes the Company’s electronics operations in the United States and the United Kingdom. The Cyber & Intelligence section includes the Company’s cyber, secure government, commercial, and financial security activities, as well as its Intelligence & Security business in the United States and its Applied Intelligence business in the United Kingdom. Combat vehicles, weapons, and ammunition are produced by the Platforms & Services (US) section, which has operations in the United States, the United Kingdom, and Sweden.

Lockheed Martin Corporation is a defense and aerospace firm. It is divided into four sections. Military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technology, are researched, designed, developed, manufactured, supported, and upgraded by the Aeronautics section. Air and missile defense systems, fire control systems, manned and unmanned ground vehicles, and energy management solutions are all part of the Missiles and Fire Control section. The Rotary and Mission Systems division creates military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions.

General Dynamics Corporation is an aerospace and defense firm with a global presence. Business aviation, ship construction and maintenance, ground combat vehicles, weapons systems and ammunition, and technology products and services are among the company’s offerings. It is operational. Aerospace, Marine Systems, Combat Systems, and Technologies are the company’s operating segments. Its Aerospace division manufactures business jets and is the industry leader in aircraft maintenance, support, and completion. The company’s Marine Systems division designs and produces nuclear-powered submarines for the US Navy, as well as surface combatants and auxiliary ships. Land combat solutions, such as wheeled and tracked combat vehicles, weapons systems, and ammunition, are manufactured by the company’s Combat Systems section. Its Technologies division brings to market a range of services, technologies, and products aimed at finding solutions that combine electronic hardware and specialized software.

Northrop Grumman is a multinational aerospace and defense corporation. Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems are the company’s operating segments. Aeronautics Systems is a company that designs, develops, integrates, and manufactures unmanned and manned aircraft systems for war management, strike, intelligence, surveillance, and reconnaissance (ISR). Defense Systems designs, develops, manufactures, integrates, maintains, and modernizes weapon and mission systems for US military and civilian agency customers, as well as a variety of overseas customers. Airborne Sensors & Networks, Maritime/Land Systems & Sensors, and Navigation, Targeting & Survivability are among the business sectors covered by Mission Systems.

Raytheon Technologies Corporation, originally United Technologies Corporation, is a global aerospace and defense business that develops innovative technologies and services for commercial, military, and government customers. The operations of the company are divided into four main business segments: Pratt & Whitney is a supplier of aircraft engines for commercial, military, business jet, and general aviation customers; Raytheon Intelligence & Space is a developer and provider of integrated sensor and communication systems for advanced missions, advanced training, and cyber security; and Collins Aerospace Systems is a global provider of aerospace and defense products and aftermarket service solutions for aircraft manufacturers, defense, and commercial space operations.

Hexagon AB is a Swedish firm that develops information technology to boost efficiency in geospatial and industrial enterprise applications for a variety of industries. Geospatial and industrial sensors, software, three-dimensional (3D) mapping, five-dimensional visualization and analysis, domain knowledge, and client workflows are all integrated into the company’s solutions to create intelligent information ecosystems that give actionable information. Agriculture, metals and mining, oil and gas, automotive, chemical, power, shipbuilding, construction, safety, military and aerospace, surveying, medical devices, and pharmaceutical, among other industries, employ the company’s solutions. Hexagon AB is present in more than 50 countries. NESTIX Oy, MSC Software, Catavolt Inc, and DST Computer Services SA, among others, are among the company’s subsidiaries.

Strategic Conclusion

From 2020 to 2026, the Critical Infrastructure Protection (CIP) market is expected to increase at a CAGR of 6.49 %, from $79.49 billion in 2020 to $117.19 billion in 2026. The market is expected to develop due to an increase in the adoption of new cutting-edge technologies in various companies and the necessity to create new milestones in the critical infrastructure security and cyber security sectors.

Furthermore, the Critical Infrastructure Protection (CIP) market is growing due to an increase in demand from businesses for readiness and response to catastrophic disasters involving a region’s or nation’s critical infrastructure. Furthermore, increase in need of interactive, efficient and cost-effective infrastructure protection system are expected to provide remunerative opportunities for the expansion of the market during the forecast period.



  1. CIP – Critical Infrastructure Protection
  2. ICS – Industrial Control Systems
  3. OT – Operation Technology
  4. SCADA – Supervisory Control and Data Acquisition
  5. EPCIP – European Program for Critical Infrastructure Protection
  6. IoT – Internet of Things
  7. IoTSI – Internet of Things Security Institute
  8. IEI – Institute for Electric Innovation
  9. SRP – Salt River Project
  10. AMI – Advanced Metering Infrastructure
  11. ICT – Information and Communication Technology
  12. DHS – Department of Homeland Security
  13. DIACAP – Department of Defense Information Assurance Certification and Accreditation Process
  14. NERC – North American Electric Reliability Council
  15. CIWIN – Commission’s Critical Infrastructure Warning Information Network

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