Critical Infrastructure Protection Service Global Market Report 2024

The critical infrastructure protection service market size has grown strongly in recent years. It will grow from $118.51 billion in 2023 to $127.96 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth observed in the historic period can be attributed to several factors, including the escalation of regulatory compliance requirements, a surge in insider threats, heightened awareness regarding supply chain vulnerabilities, increased cybersecurity spending by governments, and a growing demand for managed security services.

The critical infrastructure protection service market size is expected to see strong growth in the next few years. It will grow to $172.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to several key factors, including the accelerating digitization of critical infrastructure, a rise in cybersecurity threats, an increased frequency of cyberattacks, a growing reliance on Internet of Things (IoT) devices, and an escalation in ransomware attacks. Significant trends expected during this period encompass the adoption of edge computing technology, the integration of artificial intelligence (AI) and machine learning in security measures, the uptake of 5G technology, the adoption of blockchain technology in infrastructure security, and the advancement of overall technology in this domain.

The escalation of cybersecurity threats is poised to drive the expansion of the critical infrastructure protection service market in the foreseeable future. Cybersecurity threats encompass malevolent activities and occurrences that compromise the confidentiality, integrity, or accessibility of digital assets, systems, or networks. This uptick in threats is attributable to the proliferation of digital ecosystems and the evolving tactics employed by malicious entities. Critical infrastructure protection services play a pivotal role in mitigating cybersecurity risks by providing specialized solutions and strategies tailored to safeguard essential infrastructure against potential attacks and disruptions. Notably, in March 2023, the FBI's Internet Crime Complaint Center (IC3) reported 800,944 complaints, resulting in losses exceeding $10.3 billion. Phishing emerged as the top complaint in 2022, accounting for a financial loss of $52 million. Meanwhile, investment fraud, leading to a $3.3 billion loss, witnessed a remarkable 127% increase from the previous year, underscoring the imperative for heightened cybersecurity measures.

Major players in the critical infrastructure protection service market are at the forefront of developing cutting-edge technological solutions, such as artificial intelligence (AI)-based analysis and response engines, to gain a competitive advantage. AI-based analysis and response engines leverage AI technologies such as machine learning and natural language processing to scrutinize data and autonomously generate responses or take corrective actions. For example, in May 2023, Nozomi Network, a prominent US-based software company, introduced Vantage IQ, an AI-based analysis and response engine tailored to bolster security in critical operational infrastructure. This innovative tool harnesses the power of artificial intelligence and machine learning to streamline tasks such as network analysis, asset management, and alert prioritization, empowering security teams to conduct swifter and more precise cybersecurity assessments. Vantage IQ offers a range of capabilities, including comprehensive network visibility, intelligent insights, AI-driven query and analysis, and advanced predictive monitoring.

In October 2023, TPG Inc., a private equity firm headquartered in the United States, acquired Forcepoint's Global Governments and Critical Infrastructure (G2CI) business from Francisco Partners for an undisclosed sum. Following this transaction, Forcepoint G2CI transitioned into an independent entity, empowered with the flexibility and resources to advance its platform as a comprehensive, next-generation cybersecurity provider serving the defense, intelligence, and critical national infrastructure sectors. The G2CI cybersecurity business, based in the US, specializes in providing critical infrastructure protection services, with a focus on securing the defense, intelligence, and critical national infrastructure industries.

Major companies operating in the critical infrastructure protection service market are Siemens AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, Northrop Grumman Corporation, Honeywell International Inc., Broadcom Inc., BAE Systems plc, Thales Group, Leidos Holdings Inc., VMware Inc., Booz Allen Hamilton Holding Corporation, Palo Alto Networks Inc., Fortinet Inc., Splunk Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated, CrowdStrike Holdings Inc., Thoma Bravo LLC, FireEye Inc., Rapid7 Inc., Darktrace Limited, Symantec Corporation, Dragos Inc.

North America was the largest region in the critical infrastructure protection service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the critical infrastructure protection service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the critical infrastructure protection service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Critical infrastructure protection services are specialized solutions and protocols strategically crafted to safeguard essential systems and assets crucial for societal and economic functions. These services encompass measures designed to protect key sectors such as energy, transportation, water, and telecommunications from various threats and disruptions, including natural disasters, terrorist attacks, and cyberattacks. By ensuring the resilience, dependability, and continuity of critical infrastructure activities, these services play a pivotal role in safeguarding national security, public safety, and economic prosperity.

The primary types of critical infrastructure protection services include risk management services, consulting services, managed services, and maintenance and support services. Risk management services involve the systematic identification, assessment, mitigation, and monitoring of potential risks and uncertainties to minimize their impact on an organization's objectives and operations. Cybersecurity plays a significant role in these services, encompassing elements such as encryption and threat intelligence. These services find application across various verticals, including energy and power, transportation, sensitive infrastructure and enterprises, government and defense, among others.

The critical infrastructure protection service market research report is one of a series of new reports that provides critical infrastructure protection service market statistics, including critical infrastructure protection service industry global market size, regional shares, competitors with a critical infrastructure protection service market share, detailed critical infrastructure protection service market segments, market trends and opportunities, and any further data you may need to thrive in the critical infrastructure protection service industry. This critical infrastructure protection service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The critical infrastructure protection service market includes revenues earned by entities providing services such as risk assessment, security consulting, threat detection and response, physical security solutions, cybersecurity services, emergency management, disaster recovery, and others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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