Critical Infrastructure Protection Market Size, Share & Trends Analysis Report By Type, By Security (Physical Safety and Security, Cyber Security), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Report Overview

The global critical infrastructure protection market size was valued at USD 141.90 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2030. Rising concerns about cyber threats have encouraged multiple businesses to adopt critical infrastructure protection solutions and services. In addition, government initiatives have been fostering collaborative efforts to strengthen cybersecurity. Technological advancements such as innovation in network security and infrastructure management backed by enhanced research & development have also contributed to the growth of this market in recent years.

The increasing number of cyber threats and frauds committed with the help of computing technology has created an alarming situation for numerous businesses that heavily rely on data transfer and the use of remote networks. For instance, the Federal Bureau of Investigation has received over 8 million complaints of internet crimes since 2000, which accounts for an average of nearly 2,412 every day.

Efficient and extensive critical infrastructure is required for the smooth functioning of the economy. It helps determine the location of economic activity that can develop within a country. Facilities and defense bases heavily rely on essential operational technologies and infrastructure, such as building automation, power generation, utilities, and security systems.

Type Insights

Based on type, the solution segment dominated the market and accounted for a revenue share of 72.9% in 2023. The growth of this segment is attributed to the rising digitization across different private and government organizations in multiple industries, growing dependability on computing technology and inclination towards installation of robust protection solutions to avoid future threats of cybercrimes and data breaches. The need for software and hardware solutions is rising as it provides a holistic approach to securing critical infrastructure and effectively safeguarding against cyber threats. This segment helps users in addressing diverse cyber security requirements.

The services segment is expected to experience the fastest CAGR during the forecast period. The increase in demand for infrastructure security and services is providing a combination of information, disaster recovery, and physical infrastructure protection with cyber and incident management to ensure resilience to cyber threats. The service segment ensures prevention, response, preparedness, and recovery from cyber fraud. These factors have contributed to the growth of this segment in recent years.

Security Insights

The physical safety and security segment held the largest revenue share of global industry in 2023. Growth of this segment in primarily driven by the growing occurrence of cyber frauds and attacks. Frauds and crimes committed through modern infrastructures have developed an increasing need of physical safety and security of multiple related dynamics. This segment includes physical identity and access control systems, perimeter intrusion detection systems, video surveillance systems, and screening and scanning. The physical safety and security solution protect property and people from threats and ensure that critical infrastructures function uninterruptedly.

The cybersecurity segment is expected to experience the fastest CAGR during the forecast period. This segment is divided into encryption, network access controls and firewalls, threat intelligence, and others. The increase in smart devices with IoT and advanced technologies has amplified the risk of cyber threats. The critical infrastructures include banking & finance, defense & national security, healthcare, water, food & grocery products and distribution networks, data & cloud, space technology, transport, communication, and others. Innovations like AI, big data analytics, and machine learning have played a crucial role in the growth of this segment in recent years.

End Use Insights

The BFSI segment dominated the market in 2023. In recent years, multiple cyberattacks and data breaches related to stock exchanges, private organizations, insurance agencies, financial trusts, banks, and cryptocurrency platforms have been recorded worldwide. The economic expansion, which involves innovation such as financial inclusion initiatives, payment banks, and fintech advancements, has accelerated the credit cycles and economic development linked to each other. This segment makes it convenient for users to purchase and install critical infrastructure protection in their businesses. Cyber or physical attacks on critical infrastructures related to banking, finance services, and insurance could cripple communities and nations. This has led to an inevitable need for enhanced security solutions and protocols in this sector.

The oil and gas segment is projected to grow at the fastest CAGR over the forecast period. Oil and gas activities, such as refining, drilling, and distribution, are complex and widespread, often covering large geographic areas. These tasks depend on advanced operational technology (OT) systems to streamline control machinery and guarantee efficient resource management and procedures. The vulnerability of sites and operations related to the oil and gas industry to physical as well as cyber-attacks has developed the need for developing protection solutions for the prevention of damaging incidences. High susceptibility to exploitations, interdependent nature of operations, lack of skilled professionals in terms of cybersecurity, rising cases of intrusion, and the growing need for security and monitoring are expected to develop an upsurge in demand for critical infrastructure protection solutions in the oil and gas industry during the forecast period.

Regional Insights

North America critical infrastructure protection market dominated the global industry and accounted for the revenue share of 39.1% in 2023. Multiple attempts to gain access to control systems and critical infrastructure networks related to different industries in the region such as food & agriculture, healthcare, oil & gas, water and wastewater management are expected to develop an increase in demand for this regional market in approaching years. History of cyber-attacks on critical infrastructure networks related to countries such as the U.S. and Canada have been encouraging nations and businesses to adopt or develop effective critical infrastructure protection solutions.

U.S. Critical Infrastructure Protection Market Trends

The U.S. critical infrastructure protection market held the largest revenue share of the regional industry. Long list of cyberattacks and data breaches related to multiple institutions and critical infrastructural organizations have led to growth in demand for protection services and solutions in the country. History of attacks on pillars of critical infrastructures such as banking and financial sector, stock exchange, gas networks, power grid management systems, emergency response networks and others have encouraged businesses and authorities to adopt effective solution related to critical infrastructure protection. For instance, during November 2023 to April 2024, the U.S. has experienced more than 30 reported and serious cyber-attack incidences on critical infrastructural services and management systems.

Europe Critical Infrastructure Protection Market Trends

Europe critical infrastructure protection market was identified as a lucrative region in 2023. The growth of this market primarily influenced by the growing digital transformational activities adopted by the business and authorities in the region. According to Council of the EU and the European Council, ransomware attacks and distributed denial of service (DDoS) have troubled Europe in recent years. The region experiences nearly 10 terabytes of data thefts every month.

The UK critical infrastructure protection market is expected to experience significant growth during the forecast period. This is attributed to multiple factors such as growing digitization trends, increasing dependence of critical infrastructures on computing and network technologies, growing number of cyberattack incidences related to private organizations, BFSI sector and telecommunication industry. The history of cybercrimes and identified potential threat have encouraged authorities and businesses to increase investments in critical infrastructure protection services and solutions.

Asia Pacific Critical Infrastructure Protection Market Trends

The Asia Pacific critical infrastructure protection market is anticipated to experience the fastest CAGR during the forecast period. This market is mainly driven by the factors such as growing potential threats from cybercrime and data breach, increasing adoption of technology in multiple sectors such as telecom, manufacturing, transport, fleet management, governance, agriculture, water utility management, oil & gas, public healthcare services and others. In recent years, countries in the region such as India have experienced numerous incidences of cyber-attacks and data thefts. Increasing digitization and potential threats are expected to generate an upsurge in demand for this market in approaching years.

India's critical infrastructure protection market is expected to experience significant growth from 2024 to 2030. Increasing digital transformation activities by the public and private sector companies, unprecedented growth in online transactions, increasing adoption of smartphone technology, alignment of multiple departments of government authority with “Digital India” initiative implemented by Government in the country, and growing threat of cyberattacks are anticipated to drive growth for this market.

Key Companies & Market Share Insights

Some of the key companies in the critical infrastructure protection market include BAE Systems, Lockheed Martin Corporation, Honeywell International Inc., Thales, Booz Allen Hamilton Inc., and others. The major market participants are adopting strategies such as enhanced R&D, innovation-backed new product launches, and collaborations & partnerships to address growing competition.

• Thales, one of the prominent companies in cyber security industry, offers its expertise and solutions to multiple industries such as defence & security, digital identity & security, aerospace, space, and more. The company combines innovation and technological knowhow to deliver efficient protection from continuously growing cyber threats to companies and agencies.

• Airbus, a significant industry participant from aerospace industry, also offers range of cyber security solutions associated with the market. This includes cybersecurity, critical infrastructure, public safety, maritime, crisis management, and more. For more than three decades, the company has played vital role in protection of critical infrastructure through delivering fitting solutions for government installations, airbases, ports, military sites, airports, civil infrastructures and sensitive industrial facilities.

Recent Developments

• In March 2024, Airbus, one of the key market participants in the aerospace industry, entered an agreement to acquire a German company, INFODAS, which mainly provides cybersecurity and technology solutions to critical infrastructures and public sector establishments, including the defense sector. The acquisition is expected to strengthen the company’s cybersecurity portfolio.

• In January 2024, Honeywell, a well-established organization in the automation and innovation-based technology industry, introduced one of its first technology-backed platforms related to building control innovation. The “advanced control for buildings” entails the latest technologies combined with decades of experience and expertise.

• In August 2024, Commonwealth Scientific and Industrial Research Organization (CSIRO), national science agency of Australia, joined forces with Google, one of the key players in technology and IT industry, to identify and eliminate significant gaps related to critical infrastructure software supply chain operations.

• In May 2024, a new maritime center for security of Critical Undersea Infrastructure (CUI) was set up of NATO (North Atlantic Treaty Organization). The center is based at NATO Allied Maritime Command (MARCOM), Northwood, UK and has reached initial operational capacities.

Critical Infrastructure Protection Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the artificial intelligence market report based on type, security, end use, and region. 

• Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Solution

  • Services

• Security Outlook (Revenue, USD Billion, 2018 - 2030)

  • Physical Safety and Security

    • Physical Identity and Access Control Systems

    • Perimeter Intrusion Detection Systems

    • Video Surveillance Systems

    • Screening and Scanning

    • Others

  • Cyber Security

    • Encryption

    • Network Access Controls and Firewalls

    • Threat Intelligence

    • Others

• End Use Outlook (Revenue, USD Billion, 2018 - 2030)

  • BSFI

  • Entergy & Power

  • Government & Defense

  • IT & Telecom

  • Transport & Logistics

  • Oil and gas

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • Saudi Arabia

    • UAE

    • South Africa