Critical Infrastructure Protection Market Forecast: Opportunities and Trends Through 2029

Webersnits15 Oct, 2024News

Critical Infrastructure Protection Market by Offering, Security Type (Physical Safety & Security (Video Surveillance Systems, Screening, and Scanning) and Cybersecurity (Encryption, Threat Intelligence)), Vertical and Region - Global Forecast to 2029. The critical infrastructure security market is expected to rise from USD 148.1 billion in 2024 to USD 178.3 billion in 2029, at a compound annual growth rate (CAGR) of 3.8%. The convergence of technological innovations like artificial intelligence (AI), blockchain, and quantum computing has made it possible to construct very powerful critical infrastructure protection (CIP) solutions. Businesses may now proactively combat a variety of cyberattacks, including ransomware and persistent intrusions, thanks to advancements in cybersecurity.