The Global Critical Infrastructure Protection Market to value US$95.8 Billion by 2027

LONDON, June 14, 2017 /PRNewswire/ -- Highlights

·         The Global Critical Infrastructure Protection Market 2017-2027

·         Critical Infrastructure Protection (CIP) market is expected to value US$77.4 Billion in 2017, and grow at a CAGR of 2.15% to value US$95.8 Billion by 2027.

·         The cumulative market for global expenditure on CIP is expected at US$954.8 Billion over the forecast period.

·         The majority of CIP programs that have been initiated or revised in recent times have focused on adopting a risk management approach.

·         Under this approach, the focus is on executing previously set goals in addition to identifying major markets in the world, such as North America, Europe and Asia Pacific. It is continuously engaged in identifying major security assets, analyzing risks and formulating strategies, in order to priorities for these mitigating risks.

·         Cumulatively, the Physical Security market is expected to account for an investment of US$698.4 Billion, while the Network Security and Others segments will account for US$231.2 Billion and US$25.2 Billion respectively.

The Global Critical Infrastructure Protection Market 2017-2027

Summary

Critical Infrastructure Protection (CIP) market is expected to value US$77.4 Billion in 2017, and grow at a CAGR of 2.15% to value US$95.8 Billion by 2027. The cumulative market for global expenditure on CIP is expected at US$954.8 Billion over the forecast period.

The majority of CIP programs that have been initiated or revised in recent times have focused on adopting a risk management approach. Under this approach, the focus is on executing previously set goals in addition to identifying major markets in the world, such as North America, Europe and Asia Pacific. It is continuously engaged in identifying major security assets, analyzing risks and formulating strategies, in order to priorities for these mitigating risks.

CIP market is expected to be led by North America with an expected share of 44.8% over the forecast period, followed by the Europe at 22.3%, and Asia Pacific region at 21.5%. The Middle Eastern market for CIP is expected to account for a share of 9.6%, followed by the Latin American and African markets with a cumulative share of 1.8%.
Over the forecast period, the Physical Security segment is expected to account for 73.1% of the market, while Network Security and Others segments, (includes investment in ancillary and support activities), are expected to account for shares of 24.2% and 2.7% respectively. Cumulatively, the Physical Security market is expected to account for an investment of US$698.4 Billion, while the Network Security and Others segments will account for US$231.2 Billion and US$25.2 Billion respectively.

The report "The Global Critical Infrastructure Protection Market 2017-2027" offers detailed analysis of the global Critical Infrastructure Protection (CIP) market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for critical infrastructure protection.

Companies mentioned in this report: Thales, Booz Allen Hamilton, General Dynamics, Airbus DS Communications, BAE Systems , Digital Management Inc. (DMI), KEYW, Lockheed Martin Corporation, CACI, Mantech International Corporation, Raytheon, Kratos Defense & Security Solutions Inc, Northrop Grumman, IBM

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-global-critical-infrastructure-protection-market-to-value-us958-billion-by-2027-300474125.html

SOURCE ReportBuyer