The global critical infrastructure protection market is expected to showcase a considerable CAGR during the forecast period. The upsurge in the infrastructure development across the globe, rising terrorism, and security threats are the key aspects responsible for the growth of the critical infrastructure protection (CIS) market. Due to the government and private investment in infrastructure development, a rapid rise in infrastructural projects has been witnessed over the years.
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Both developed and emerging countries are focusing on encouraging their infrastructure activities as it is key for faster economic growth. For instance, better roads are required to transport the goods safely and at an accurate time. Delaying may lead to economic and reputation losses. Therefore, the government across the nations is investing a significant amount to upgrade their investment. For instance, Dubai has unveiled the plan for the Mars Society city in September 2017. The project will cause about $130 million.
With the infrastructure development and growth of the GDP, a need for security and surveillance will be observed in the coming time period & hence the growth in the market of the critical infrastructure protection will be observed. The rising need to protect the infrastructure from the outer threats is promoting the market players to make innovations in their product offerings to capture a large market share. New product launches, partnerships, merger & acquisition, and strategic agreements are the other activities that are being actively adopted by the key players in the market to stay competitive.
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Recent Developments in the Market
- In December 2019, FLIR Systems, Inc. had launched three dome-shaped, Pan-Tilt-Zoom (PTZ) security cameras along with two dual-sensor camera series for critical infrastructure locations. The company had launched FLIR Elara DX-Series and the FLIR Saros DM-Series, and a high-resolution visible camera for safe city deployments, the FLIR Quasar 4K IR PTZ. FLIR security products offer multiple lens options for long- and short-range needs to enable accurate perimeter protection of critical infrastructure, remote facilities, and in urban city environments, day or night.
- In January 2018, Fortinet had launched its Operational Technology (OT) Security solution for critical infrastructure and industrial organizations. The new solution integrates ruggedized firewall, switching, and wireless access point appliances with FortiGuard industrial threat intelligence to provide integrated cybersecurity protections for industrial control systems (ICS) and supervisory control and data acquisition (SCADA) systems deployed in the field and non-environmentally controlled facilities across an organization’s OT infrastructure.
Global Critical Infrastructure Protection Market Segmentation
By Security Technology
- Physical Security
- Network Security
- Others
By Service
- Risk Management Services
- Designing, Integration, and Consultation
- Managed Services
- Maintenance and Support
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
