Critical Infrastructure Protection Market Size

Critical Infrastructure Protection (CIP) Market Analysis

The Critical Infrastructure Protection Market size is estimated at USD 148.5 billion in 2024, and is expected to reach USD 191.83 billion by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).

The critical infrastructure protection (CIP) market is growing as it plays an active and dynamic part in helping modern society's seamless progression and assimilation. The performance, safety, reliability, continuous operation, maintenance, and protection of critical infrastructure are national priorities across the globe.

• Critical infrastructure (CI) offers essential services that underpin society and serve as the spine of any nation's economy, health, and security. The power used in homes and industries, transportation, and communication systems is a part of critical infrastructure.
• Due to rapid urbanization worldwide, there has been immense stress on city infrastructure, and governments are focusing on enhancing the infrastructure, such as transport, energy, and water, to provide better livability. The information and the telecommunications sector also play a crucial role in the market.
• Furthermore, various critical infrastructure and operational technologies widely support defense bases and facilities, from power generation and utilities to building automation and security systems. Destruction of these bases can weaken national economic security, such as loss of power, exposure of confidential information, interruptions to operations, etc. Therefore, the issue of critical infrastructure protection is emerging as a primary concern for governments, infrastructure managers, and local authorities. The European Union (EU), through its European Program for Critical Infrastructure Protection (EPCIP), announced the significance of CIP to all its member states and citizens.
• Industrial control system devices play an essential role in critical infrastructures, such as the power grid. In recent years, various ICS devices have been accessible online, resulting in potential security issues. However, there is a lack of deep understanding of the characteristics of these devices in cyberspace. A lack of standard-based technical security testing puts the industrial control environments and critical national infrastructure at risk of cyberattacks.
• The COVID-19 pandemic affected critical infrastructures differently across sectors. There were revenue losses and a shift to remote monitoring in the energy sector, while the defense sector focused on countering increased cyber security threats. Smart city infrastructure had to adapt to remote management and address data privacy concerns, all within the broader context of changing resource availability and evolving threat landscapes.