The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The critical infrastructure protection market has demonstrated steady growth in recent years, driven by various factors contributing to its expansion.

• Market size increased from $140.42 billion in 2023 to $146.21 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 4.1%.
• Historic growth attributed to the integration of physical and cybersecurity, regulatory compliance, supply chain security, and resilience focus.

Anticipating Strong Growth Ahead
The critical infrastructure protection market is poised for significant growth, reaching $184.22 billion by 2028, boasting a CAGR of 5.9%.

• Forecasted growth linked to insider threat mitigation, collaboration, resilience, and business continuity focus.
• Major trends include the evolving cybersecurity threat landscape, IoT integration, regulatory compliance, and AI-driven threat detection.

Cloud Technology and IoT Adoption Fuel Market Growth
The rise in cloud technology and IoT adoption serves as a catalyst for the critical infrastructure protection market’s growth.

• Cloud computing and IoT enable enhanced data storage, accessibility, and compliance with industry standards.
• Organizations increasingly rely on cloud technology and IoT devices for data management and security.
• The adoption rate of cloud computing services, as reported by Eurostat, underscores the growing reliance on cloud technology.

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Technological Advancements Drive Innovation
Technological advancements emerge as a key trend shaping the critical infrastructure protection market.

• Companies focus on developing advanced products to strengthen market position.
• Forcepoint’s launch of Forcepoint One showcases advancements in zero trust and SASE technologies.
• Technological innovations streamline security management, reduce costs, and enhance workforce access control.

Strategic Acquisitions Expand Capabilities
Strategic acquisitions play a pivotal role in expanding critical infrastructure protection capabilities.

• Parsons Corp.’s acquisition of Xator Corporation enhances technical capabilities in critical infrastructure protection and other domains.
• The acquisition broadens Parsons’ customer base and strengthens its presence in various sectors, including defense and intelligence.
• Xator Corporation brings expertise in mission-focused solutions, cybersecurity, and global threat assessment.

Market Segmentation Insights

Understanding market segmentation provides valuable insights into the critical infrastructure protection landscape.

1. Segmentation Overview:
   • Component: Solutions, Services
   • Security Technology: Network Security, Physical Security, Other Security Technologies
   • Vertical: Commercial Sector, Telecom, Chemical and Manufacturing, Oil and Gas, Other Verticals
2. Regional Dynamics:
   • North America led the critical infrastructure protection market in 2023, while Asia-Pacific is poised for rapid growth.

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The Critical Infrastructure Protection Global Market Report 2024  provides an overview of the critical infrastructure protection market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The critical infrastructure protection market forecast analyzes critical infrastructure protection market size, critical infrastructure protection market share, leading competitor and their market positions.

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