North America Critical Infrastructure Market: Industry Analysis and Forecast (2021-2027), Share, Size

North America Critical Infrastructure Market size was valued at US$ 29.82 Bn. in 2020 and the total revenue is expected to grow at 6.15 % through 2021 to 2027, reaching nearly US$ 45.28 Bn.
North America Critical Infrastructure Market Overview:
Sensory and computer technology installations, connectivity, agencies, and assets that, if disrupted or punctured, have a significant impact on people's health, safety, security, social and economic well-being, or government agencies' ability to function effectively, are referred to as critical infrastructure (CI). An item or system that is required to keep important societal processes running. More information can be found in the book Electricity Infrastructure Technical Security: Realistic Usage and Risk Assessment Best Practices. The existence of government infrastructure objects that seem to be critical for the economy and enterprises, society functioning, and population protection, and whose divestment or destruction may have an impact on national security and defence, the natural environment, and can result in significant financial losses and human casualties.


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North America Critical Infrastructure Market Dynamics:
Through using right combination of security measures to address purposeful or accidental accidents, the North American Critical Infrastructure Market can become more resilient. Business continuity practises are used to deal with disruptions and assure the continuation of critical services, as well as emergency management planning, which is necessary to ensure proper response protocols are in place to cope with unforeseen disruptions or natural disasters.

The growth of the North American critical infrastructure market will be examined by looking at the United States and Canada. The United States is estimated to be a large market because to the increasing use of critical infrastructure solutions by end users in the country. The country has a large supply base, which helps to drive the market forward. General Electric, Lockheed Martin, and Raytheon are just a handful of them. Raytheon, for example, was nominated by the Department of Homeland Security (DHS) to protect federal networks' security in 2019. The company will provide comprehensive lifecycle development and maintenance support under the new $1 billion contract.

DHS also enforces a risk-informed and all-hazards approach to protecting critical infrastructure throughout cyberspace. This primarily requires a focus on protecting civil liberties and privacy, ensuring accessible and transparent security processes, and domestic and international partnerships. Additionally, the implementation of several policies and government agencies such as the National Infrastructure Protection Program (NIPP) and Homeland Security Presidential Directive (HSPD-7) is expected to generate substantial market opportunities in the United States. Hence, these factors will drive the market growth.


North America Critical Infrastructure Market Segment Analysis:
Based on the Component, the North America Critical Infrastructure market is sub-segmented into Security technologies and Services. The Security technologies segment held the largest market share of xx% in 2020. The growth of the segment can be ascribed to the rising use of cybersecurity solutions in SCADA systems, industrial control systems, and other operational technology systems.

Based on the Verticals, the North America Critical Infrastructure market is sub-segmented into Transportation systems, Energy and power and Sensitive infrastructures and enterprises. The Sensitive infrastructures and enterprises segment held the largest market share of xx% in 2020. Financial services are an important part of the country's critical infrastructure. Recent natural catastrophes, widespread power outages, and a surge in the frequency and sophistication of cyber-attacks highlight the sector's wide spectrum of potential threats. Due to the vast client base supplied by the business, the BFSI sector is suffering multiple data breaches and cyber-attacks due to the presence of a large networking infrastructure, coupled with sensitive and vital data. Robberies, vandalism, and fraud are just a few of the threats that ATMs confront. Due to the vast client base supplied by the business, the BFSI sector is suffering multiple data breaches and cyber-attacks due to the presence of a large networking infrastructure, coupled with sensitive and vital data. Robberies, vandalism, and fraud are just a few of the threats that ATMs confront.


North America Critical Infrastructure Market Geographical Insights:
North America held the largest market share of xx% in 2020. North America is likely to be a significant market because to the increasing acceptance of CI solutions and services across several end-user verticals in the region. Vendors have a significant presence in the region, which helps to drive market growth. Honeywell International Inc., Raytheon Co., General Electric Co., General Dynamics, Lockheed Martin Corporation, and Northrop Grumman Corporation are just a few of the companies involved. Cybercrime is fast gaining hold in Canada, as its impact grows at an alarming rate, and businesses throughout the country are investing heavily in cybersecurity.

The objective of the report is to present a comprehensive analysis of the North America Critical Infrastructure Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the North America Critical Infrastructure Market dynamic, structure by analyzing the market segments and project the North America Critical Infrastructure Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the North America Critical Infrastructure Market make the report investor’s guide.
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North America Critical Infrastructure Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 29.82 Bn.


Forecast Period 2021 to 2027 CAGR:
6.15 %
Market Size in 2027:
US $ 45.28 Bn.


 Segments Covered:
by Component
• Security technologies
• Services


by Security Technology
• Physical security
• Network security
• Radars
• Vehicle identification management
• Chemical, Biological, Radiological and Nuclear Defense (CBRNE)
• Supervisory Control And Data Acquisition (SCADA) security
• Secure communication
• Building management systems
• Others


by Service
• Risk management services
• Managed services
• Consulting services
• Maintenance and support services


by Verticals
• Transportation systems
• Energy and power
• Sensitive infrastructures and enterprises



North America Critical Infrastructure Market, by country
• US
• Canada
• Mexico
North America Critical Infrastructure Market Key Players
• Bae Systems
• Honeywell
• General Dynamics
• Lockheed Martin
• Raytheon
• Northrop Grumman
• Airbus
• Johnson Controls
• Hexagon AB
• Thales Group
• Critical Infrastructure Association of America
• Critical Infrastructure Support Group, LLC
• Securitas Critical Infrastructure Services, Inc.
• WiCyS
• Emerson Network Power
Frequently Asked Questions:
1] What segments are covered in North America Critical Infrastructure Market report?
Ans. The segments covered in North America Critical Infrastructure Market report are based on Component, Security Technology, Service and Verticals.

2] What is the market size of North America Critical Infrastructure Market by 2027?
Ans. The market size of North America Critical Infrastructure Market is expected to reach US $ 45.28 Bn. by 2027.

3] Who are the top key players in the North America Critical Infrastructure Market?
Ans. Bae Systems, Honeywell, General Dynamics, Lockheed Martin, Raytheon, Northrop Grumman and Airbus are the top key players in the North America Critical Infrastructure Market.

4] What was the market size of North America Critical Infrastructure Market in 2020?
Ans. The market size of North America Critical Infrastructure Market in 2020 was worth US $ 29.82 Bn.