Critical infrastructure protection market driven by the increase in terrorist attacks

Press Release   •   Jun 26, 2013 11:58 BST

The Critical Infrastructure Protection (CIP) market has been forecast to increase at a compound annual growth rate (CAGR) of approximately 10.7% over the next five years, rising from a valuation of $63.8 billion at the beginning of 2013, to a total of $106 billion by 2018.

Critical infrastructure protection is a concept that relates to the preparedness and response to serious incidents that involve the critical infrastructure of a region or nation.

The destruction of these vital assets could have serious effects on the economy and the social welfare of the nation. CIP is now no more a privilege, but is a practice driven by necessity. The information and the solutions needed to counter those threats/vulnerabilities vary across the sectors given the nature of the assets.

These vital assets are generally interdependent at multiple points thereby causing a negative impact on other assets of same sector or across other sectors.

The elements of the infrastructure themselves are considered possible targets of terrorism. Traditionally, critical infrastructure elements have been lucrative targets for anyone wanting to attack another country. Now, because the infrastructure has become a national life-line, terrorists can achieve high economic and political value by attacking elements of it. Disrupting or even disabling the infrastructure may reduce the ability to defend the nation, erode public confidence in critical services, and reduce economic strength.

Additionally, well chosen terrorist attacks can become easier and less costly than traditional warfare because of the interdependence of infrastructure elements. These infrastructure elements can become easier targets where there is a low probability of detection.

The elements of the infrastructure are also increasingly vulnerable to a dangerous mix of traditional and non-traditional types of threats. Traditional and non-traditional threats include equipment failures, human error, weather and natural causes, physical attacks, and cyber attacks. For each of these threats, the cascading effect caused by single points of failure has the potential to pose dire and far-reaching consequences.

The need for increasing the security of a critical infrastructure, along with real-time response systems is playing a very important role in driving this market. Even though the adoption of these solutions is relatively slow across few verticals such as transportation and manufacturing, the recent attacks, natural disasters and compliance concerns is expected to induce steady adoption in the coming years.

For more information on the critical infrastructure protection market, see the latest research: Critical Infrastructure Protection Market

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