The Global Critical Infrastructure Protection Market is valued at USD 94.76 billion in 2016 and is expected to reach a value of USD 154.59 billion by the end of 2022 , growing at a projected CAGR of 8.5 % during the forecast period of 2017 – 2022 . Countries across the world are paying attention to their critical infrastructure , especially when the virtual and cyber world are exposed to innumerable threats of hacking , attacks and theft . Critical infrastructure is mostly related to electricity , oil and gas , telecommunication , water supply generation , transmission and distribution , agriculture , food production and distribution , financial services , and security services . There is a dire need for cost-effective solutions to ensure better security and response handling in the case of an emergency . This cost-effectiveness eventually ensures a competitive edge to every organization . Critical infrastructure protection deploys , both traditional and modern cyber security technology , to ensure more reliability and better protection in the long run .
The global market is driven by the current trend of investment in smart grids , increase in IT spending , growth in the deployment of automation solutions , integrated functioning of cloud and CIP , increase in cyber-attacks and cyber-crimes , and efficient policy regulations and implementations . Lack of technical workforce , a deep understanding of industrial control system and the lack of interoperability between products are some of the factors restricting the market growth .
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Recent industry trends in the information and physical infrastructure market indicates that the technology and the market are continuously increasing due to the increase of data , as a result of which the number of cyber-attacks has also increased . Apart from the current services of remote management , consulting and technical support in the security domain , some advanced features of data and fraud analytics and infinite storage facilities are to be introduced in all the verticals over the next few years .
Critical infrastructure market has been segmented on the basis of the different services offered by the market as risk management services , designing , integration and consulting , managed services and maintenance and support , of which risk management services holds the largest part in CIP , with an estimated market size of USD 41.75 billion , followed by designing , integration and consultation , constituting 35.26 % market share .
In 2015 , North America dominated the critical infrastructure market with 34.28 % share and this trend is estimated to continue over the projection period as well . Majorly driven by the United
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