Critical Infrastructure Protection Market Report 2024-2034 - Asia-Pacific Infrastructure Advancements to Propel Market Expansion

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Jan 26, 2024, 10:15 ET

DUBLIN, Jan. 26, 2024 /PRNewswire/ -- The "Critical Infrastructure Protection (CIP) Market 2024-2034" report has been added to ResearchAndMarkets.com's offering.

Revenue for the Critical Infrastructure Protection Market, in terms of value surpassed US$140 billion in 2023, with strong revenue growth through to 2034.

Growing Infrastructure Development to Drive the Market

According to a report by the Asian Development Bank, developing nations in Asia and the Pacific must invest $26 trillion, or $1.7 trillion, annually in infrastructure between 2016 and 2030 in order to combat climate change, end poverty, and preserve the region's economic momentum. Although it has rapidly developed, Asia and the Pacific's developing nations' infrastructure still falls well short of what is needed.

Approximately 300 million Asians lack access to safe drinking water, 1.5 billion lack basic sanitation, and over 400 million do not have access to power. Power interruptions impede economic growth in several nations. The daily costs of city traffic congestion alone to economies are enormous because of lost production, wasted fuel, and stress on people.

High Cost Associated with Critical Infrastructure Protection Systems

Critical infrastructure protection often requires cutting-edge technology, including advanced sensors, surveillance systems, intrusion detection and prevention systems, and communication networks. Developing and implementing these sophisticated technologies can be expensive. The development of security solutions for critical infrastructure involves extensive research and development efforts to stay ahead of evolving threats. These costs are typically passed on to end-users, contributing to higher prices.

Each critical infrastructure has unique characteristics and requirements. Security solutions must be customized and integrated to address specific vulnerabilities and challenges in a particular environment. This customization increases the overall cost of implementation. Critical infrastructure protection solutions must comply with various regulatory standards and requirements. The process of ensuring compliance often involves additional costs, including certification processes and audits to meet industry and government standards.

Key Market Dynamics

Market Driving Factors

Growing Cyberattacks to Drive Critical Infrastructure Protection Industry
Government Initiatives to Protect Critical Infrastructure
Growing Infrastructure Development to Drive the Market

Market Restraining Factors

Lack of Trained Cybersecurity Professionals to Analyze Critical Infrastructure Protection Systems
High Cost Associated with Critical Infrastructure Protection Systems

Market Opportunities

Increasing Usage and Adoption of Internet of Things (IoT)

Forecasts to 2034 and other analyses reveal commercial prospects

In addition to revenue forecasting to 2034, this new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), porters five forces analysis, PEST analysis, and recent developments.

Segments Covered in the Report

Component Outlook

Hardware
Software
Services

Security Type Outlook

Physical Safety and Security
Cybersecurity

System Type Outlook

Perimeter Surveillance
Inner Area Surveillance
UAVs
Counter UAV
Others

Vertical Outlook

Financial Institutions
Government
Defense
Transport and Logistics
Energy and Power
Others

Leading companies profiled in the report

Airbus
BAE Systems
General Dynamics Corporation
General Electric Company
Hexagon AB
Honeywell International Inc.
Indra Sistemas
Johnson Controls
L3Harris Technologies
Leidos Holdings
Leonardo
Lockheed Martin Corporation
Northrop Grumman Corp.
Raytheon Technologies Corporation
Saab AB
Thales

The report provides you with the following knowledge:

Revenue forecasts to 2034 for Critical Infrastructure Protection Market, 2024 to 2034 Market, with forecasts for vertical, component, security type, system type, and each forecast at a global, and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for five regional and 16 key national markets - See forecasts for the Critical Infrastructure Protection Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Also, market size estimation and forecast is provided for US, Canada, Mexico, Brazil, Germany, Spain, Italy, France, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 16 of the major companies involved in the Critical Infrastructure Protection Market.

For more information about this report visit https://www.researchandmarkets.com/r/iwwl9b

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