PUBLISHER: KBV Research | PRODUCT CODE: 1584970
PUBLISHER: KBV Research | PRODUCT CODE: 1584970
The North America Critical Infrastructure Protection Market would witness market growth of 4.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Critical Infrastructure Protection Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $51,325.1 million by 2031. The Canada market is experiencing a CAGR of 5.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5% during (2024 - 2031).
CIP encompasses the strategies, policies, and measures that are undertaken to safeguard the critical systems and assets of a society and its economy. These systems include physical and cyber elements that, if disrupted or destroyed, could significantly negatively impact a nation's security, public health, economic stability, or public safety.
Critical infrastructure encompasses sectors like energy (power grids, oil and gas pipelines), water and wastewater systems, transportation (airports, railways, seaports), communications (telecommunications networks, internet), financial services (banks, payment systems), and healthcare (hospitals, emergency services). As a result of the linked nature of modern infrastructure, protection efforts have become even more important.
Across North America, this market is experiencing steady growth, driven by the increasing awareness of cybersecurity threats and the need for resilient infrastructure. With programs like the CIP Standards developed by the North American Electric Reliability Corporation (NERC), the US aims to safeguard power grids and other essential utilities from cyber threats. Recent regulatory reforms, like those under Comision Reguladora de Energia (CRE), emphasize integrating advanced cybersecurity protocols for protecting energy infrastructure. Moreover, collaborations with international partners, such as the U.S.-Mexico Bilateral Energy Security Working Group, aim to fortify the country's energy systems against potential physical and cyber threats. These measures are expected to contribute significantly to Mexico's critical infrastructure protection market, ensuring the resilience of its power supply and distribution networks. Therefore, this growing focus on integrated cybersecurity and physical security solutions propels market growth, creating regional private and public sector collaboration opportunities.
Based on Type, the market is segmented into Solutions, and Services. Based on Security, the market is segmented into Cyber Security (Network Access Controls & Firewalls, Threat Intelligence, Encryption, and Other Cyber Security Types), and Physical Safety & Security (Video Surveillance Systems, Perimeter Intrusion Detection Systems, Physical Identity & Access Control Systems, Screening & Scanning, and Other Physical Safety & Security Types). Based on End Use, the market is segmented into Government & Defense, Energy & Power, BFSI, IT & Telecom, Transport & Logistics, Oil & Gas, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America Critical Infrastructure Protection Market Report Segmentation
By Type
By Security
By End Use
By Country