States, the market continues to grow, due to its susceptibility to terrorism, bio-terrorism, cyber hijacking, hacking, and other such threats. However, the market is experiencing the highest traction in the Asia-Pacific region, owing to increasing political pressure for standard regulations, increasing insider attacks, growing cyber threats along with increasing investments made towards infrastructure protection. This region is expected to witness a growth rate of 9.02 % over the forecast period.
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Opportunities in the CIP segment lie in the exploitation of the Internet-of-Things( IoT) revolution and its potential scope. The IoT, in turn, is a driving factor for the physical and information security market. The physical security market consists of a wide array of products and services such as access control, video surveillance, biometrics, technical support, and consulting. The market that leads in its sale of biometrics shows maximum promise in the access control market with a high CAGR. The rise in the incidents of attacks on critical infrastructure zones, the investment of the physical and information security market is bound to increase in the future.
The global critical infrastructure protection market is segmented by security technology( network security, physical security, vehicle identification management, building management systems, secure communication, radars, SCADA security, CBRNE), by services( risk management services, designing, integration and consultation, managed services, maintenance and support, and others), by vertical( energy and power, transportation system, sensitive infrastructure and enterprises) by end-user industry( energy and power, healthcare systems, defense and aerospace, government, transportation sector) and by region( North America, Asia-Pacific, Latin America, Europe, Middle East and Africa).
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The market is highly competitive with the presence of some big players such as:– 1. BAE Systems 2. Honeywell International Inc. 3. EMC Corporation 4. Raytheon 5. Airbus
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