Other factors, including improvements in the information technology (IT) infrastructure, along with the increasing adoption of risk management services, are projected to drive the market further. They offer scalable and cost-effective data security solutions, owing to which CIP solutions are widely being deployed. Additionally, various technological advancements, such as the advent of the Internet of Things (IoT), big data, cloud computing and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. The rapidly expanding internet and interconnected network architecture have influenced federal and security organizations to safeguard cyberspace and minimize threat vulnerabilities. The rising concerns for the security and safety of government information and the increasing trend of Bring-Your-Own-Devices (BYOD) across industries have enhanced the requirement for CIP systems. The increasing instances of security breaches and cyber-attacks that pose a threat to infrastructural development across the globe are among the key factors driving the growth of the market. CIP solutions also use wireless technology, industrial control systems (ICS), operation technology (OT) and Supervisory Control and Data Acquisition (SCADA) systems to expose additional security vulnerabilities. These systems protect information related to power grids, railways, nuclear plants and hydro plants from cyberattacks that can threaten public safety, attack national security or cause environmental disasters. It consists of various solutions, such as firewalls, identity and access management, risk and compliance management, antiviruses, intrusion detection systems and encryption systems. These insights are included in the report as a major market contributor.Ĭritical infrastructure protection (CIP) refers to a security solution used for safeguarding systems, assets and networks from potential threats. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. Looking forward, the market is expected to grow at a CAGR of 3.5% during 2021-2026. The global critical infrastructure protection market exhibited moderate growth during 2015-2020.
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