World Security Report News2016-03-24 11:28:36

Critical Infrastructure Protection Market Worth $82B by 2026

The physical security segment of critical infrastructure protection market (CIP) is expected to account for 69.9% during 2016 to 2026, while Network Security and the Others segments (includes investment in ancillary and support activities) are expected to account for shares of 27.1% and 3% respectively.

The Critical Infrastructure Protection (CIP) market is expected to value US$64.6 billion in 2016, and grow at a CAGR of 2.44% to value US$82.2 billion by 2026. The cumulative market for global expenditure on CIP is expected at US$813.6 billion over the forecast period. The CIP market is expected to be led by North America with an expected share of 34.6% over the forecast period, followed by the Asia Pacific region at 27.4%, and Europe at 25%. The Middle Eastern market for CIP is expected to account for a share of 10.9%, followed by the Latin American and African markets with a cumulative share of 2.2%.

Global spending in the domain is being driven by the increasing frequency of terror attacks that have taken place in the last couple of years and the associated fear of knowing that non-state as well as organized actors are in all probability active within the country and possess acute local knowledge which might enable some of these elements to strike at critically important networks, sites or processes successfully. The Global Critical Infrastructure Protection Market 2016-2026 report offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for CIP equipment, systems and services, key market trends, and challenges faced by industry participants.

Source: www.reportsandreports.com

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