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Critical infrastructure security Market Rising investments in smart grid technologies by major economies will fuel the growth of critical infrastructure security market Single Use License: US$ 4400 +1 (214) 884-6068
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Adroit Market Research Critical infrastructure security Market Size by Product, Application & Forecast to 2025 • Critical infrastructure security refers to the security of physical and cyber systems and assets that are so critical and important to the country that their damage or incapacity would have an unbearable impact on the country’s economic or physical security. Critical infrastructure comprises transportation, finance and banking, food production and distribution, law enforcement agencies, energy, water systems, municipal services, and other emergency services of both private and government. These systems are essential for the least possible operations of the government and economy. Critical infrastructure security provides controls to devise stability, security to the communication line between devices, and it monitors and manages the connected devices. The increasing necessity of cybersecurity in government digital assets • The major application of cybersecurity in any organization is to analyze threats and mitigates them immediately. Critical infrastructure security implementation ensures organization overall safety and undisturbed functioning of its critical infrastructure. CIS not only provides security to national important assets such as nuclear sites but it also secures virtual assets such as defense blueprints. However, due to rising advanced cyber-attacks, the necessity of constant development in cybersecurity is on the rise.
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Adroit Market Research Critical infrastructure security Market Size by Product, Application & Forecast to 2025 The emergence of smart cities • The security of cities has been a crucial concern throughout the years for many governments. However, with the emergence of smart cities, the development of critical infrastructure is on the rise. Smart Cities are urban centers developed to integrate physical infrastructures and cyber technologies to create economic and environmental efficiencies while improving the overall quality of life of citizens. Furthermore, rising investments in smart city projects are expected to impact significantly on the growth of critical infrastructure security market. It is recorded that, spending on smart cities is anticipated to reach USD 34 billion in 2020. Energy & power application holds the largest market share • Major applications analyzed in this market are government & defense, IT & telecom, energy & power, banking and finance, transportation, and others. Among these, the energy & power application holds the largest share in the global critical infrastructure security market. The rising number of initiatives taken by many industries to develop robust security systems have increased the preparedness and planning against cyber-attacks. The advent of the smart grid has further increased the necessity of robust critical infrastructure security across the globe. North America holds the largest share in the global critical infrastructure security market • As the initiator of critical infrastructure security, North America is one of the prominent regions in the market. In the US, the program to ensure security and safety of IT and critical infrastructures was introduced in 1996 and this is one of the major reasons behind the growth of the market in the region. In 2005, the US has adopted smart grid technology, which keeps computers interconnected to each other to prevent power failure and promote self-repair. In addition to this, the establishment of the North American Electric Reliability Corporations (NERC) has further impacted the growth of the critical infrastructure security market in the +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com region. NERC mainly promotes the adequacy and reliability of power transmission in the electric utility systems
Adroit Market Research Market Segments: Critical Infrastructure Security Market • By Technology •
Network security
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Physical security
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Supervisory Control And Data Acquisition (SCADA) security
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Radars
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Vehicle identification management
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Others
• By Application •
Government & Defense
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IT & Telecom
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Energy & Power
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Banking and Finance
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Transportation
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Others
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.
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