UK Critical Infrastructure Protection Market Size

UK Critical Infrastructure Protection Market Analysis

The United Kingdom Critical Infrastructure Protection market is estimated to grow at a CAGR of about 6.99 % over the forecast period 2021 to 2026. The threat to the UK and its critical infrastructure is growing and evolving due to which the digital infrastructure is under constant threat. To reduce the vulnerabilities of critical infrastructure, the UK Government, in partnership with the Devolved Administrations of Scotland, Wales, and Northern Ireland, have partnered to work with the private and public sectors to ensure that individuals, businesses, and organizations to adopt the technologies required to stay safe on the Internet and drive improvements which are in the national interest, particularly concerning the cybersecurity of UK's critical national infrastructure.

• The adoption of cloud computing is driving the market. Currently, cloud computing is widely accepted as a way to control infrastructure costs and accelerate development. But cloud environments are susceptible to the same type of threats as traditional data center environments vulnerabilities in the underlying hardware, operating systems, and software that hackers attempt to exploit. UK government is spending more than GBP 1 billion each year as it undergoes its cloud transition. Critical infrastructure imposes much stronger requirements for security, reliability, and resilience on Cloud Computing environments. Hence the demand increases for CIP (Critical Infrastructure Protection).
• Further, the adoption of investment in the smart city is anticipated to fuel the market. Smart cities have long been in growth, and the United Kingdom is particularly recognized as a smart city pioneer with London, often listed as one of the world's leading smart cities. For instance, London firm takes the total capital raised to GBP 100 million in its mission to transform the global affordable housing market, wherein January 2020, Planet Smart City has secured GBP 20.5 million funding counting it to GBP 100 million. With increasing smart city investment, the demand for critical infrastructure protection significantly raises the market growth in the future.
• Furthermore, due to the outbreak of COVID-19, the market growth is not highly affected as of April 2020. The United Kingdom's National Cyber Security Centre (NCSC) and the United States Department of Homeland Security (DHS) Cybersecurity and Infrastructure Security Agency (CISA) jointly provided an alert on its exploitation by the cybercriminal and advanced persistent threat (APT) groups. The alert specifies a non-exhaustive list of indicators for detection, as well as mitigation of COVID-19-related scams and phishing emails.