According to the research report titled ‘GLOBAL Critical Infrastructure Protection Market 2021-2028’, available with Market Study Report, global critical infrastructure protection market is likely to showcase a y-o-y growth rate of 6.89% CAGR between 2021 and 2028.
 

Rising deployment of smart grid technologies coupled with increased pervasiveness of cyber-attacks are some of the key factors driving the growth of global critical infrastructure protection industry.
 

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The advent of cloud computing solutions has revolutionized how information technology is employed. Thus, increasing adoption of cloud technologies is also stimulating the overall industry outlook. However, lack of awareness coupled with poor interoperability among products could potentially act as a restraining factor to the growth of global critical infrastructure protection industry.
 

Regardless, growing demand for IoT (Internet of Things) technologies will provide lucrative opportunities to the industry participants in the upcoming years.
 

Elaborating on the geographical reach, North America is likely to hold the largest market share by the year 2028. Several public entities across the region are focusing on deploy smart grids since they provide high efficiency, reliability, flexibility, and security of the electricity system. Thus, early adoption of the technology in tandem with rising implementation of smart grid systems are favoring the market scenario in North America.
 

The prominent companies operating in global critical infrastructure protection industry are Axis Communications AB, Teltronic, Telefonaktiebolaget LM Ericsson, Kaspersky Lab Inc., Northrop Grumman Corporation, Lockheed Martin Corp., General Dynamics Corp., Waterfall Security Solutions Ltd., McAfee Inc., General Electric Co., Hexagon AB, Airbus Se, Raytheon Co., Honeywell International Inc., and BAE Systems plc among others.