BANGALORE, August 12, 2015 /PRNewswire/ —
Mordor Intelligence is pleased to announce the publication of the report on Global Critical Infrastructure Protection on August 12, 2015.This is the second edition of the report and it discusses the market in detail.
The Critical Infrastructure Market was valued at $80.50 billion (US) in 2014 and is expected to reach $131.33 billion in 2020, at a CAGR of 8.50% during 2014 to 2020.
The market is highly competitive with organizations such as Aegis Defense Services, Ericsson, General Dynamics, Honey International Inc., Intergraph, Lockheed Martin and McAfee, Inc., as well as some small and medium companies.
The market is experiencing a significant growth in the Asia-Pacific region, which is projected to grow at a CAGR of 9.02%. Risk Management Services was worth US$41.75 billion in 2014, followed by Designing, Integration and Consultation, constituting 35% of the total market share during the same year. The market segmentation is based on:
- Security Technology:
- Network Security
- Physical Security
- Vehicle Identification Management
- Building Management Systems
- Secure Communication
- Radars, SCADA Security
- By Services:
- Risk Management Services
- Designing Integration & Consultation
- Managed Services
- By Vertical:
- Energy & Power
- Transportation Systems
- Geographical Region:
- North America
- Middle East
- Latin America
The global CIP market has numerous drivers that continue to exert positive influence onto the market. Increasing awareness for energy conservation has shifted the focus of energy companies to digitalize the grid. This enables two-way communication between the producers and end-users, with the help of advanced communications, sensor and control technologies. The synergy of critical infrastructure protection with cloud computing is also expected to drive the market during the forecast period.
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SOURCE Mordor Intelligence LLP