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The Key Players Also Adopted the Strategy of Partnerships, Agreements, and Collaborations in the Critical Infrastructure Protection Market
Critical infrastructure protection is preparedness for the protection of critical infrastructures before the services, technologies, networks systems, assets, and amenities crucial to the safety, security, health, or economy of a society are affected to a greater extent. MarketsandMarkets forecasts the critical infrastructure protection market size to grow from USD 102.47 Billion in 2016 to USD 144.82 Billion by 2021, at a CAGR of 7.16% from 2016 to 2021. With the increase in the awareness about critical infrastructure protection among nations, the critical infrastructure protection market is expected to grow rapidly.
The key players in the critical infrastructure protection market include BAE Systems, General Dynamics, Honeywell International Inc., Lockheed Martin, EMC Corporation, Raytheon, Airbus, Intergraph Corporation, Waterfall Security Solutions, and McAfee, Inc. These players have adopted various strategies such as partnerships, agreements, mergers & acquisitions, and new product developments to achieve growth in the global critical infrastructure protection market.
The key players also adopted the strategy of partnerships, agreements, and collaborations in the critical infrastructure protection market. BAE Systems partnered with Bayshore Networks, Inc. a cloud-based security platform to provide cyber security solutions for its defense, intelligence, and critical infrastructure customers; Honeywell collaborated with Fiber Sensys, a global leader in fiber optic integrated solutions to provide its customers with easy-to-install solutions; Lockheed Martin partnered with Terma, a defense and aerospace manufacturer to have an improved surveillance system for cyber-security in critical infrastructures.
The critical infrastructure protection market witnessed a lot of new product launches by key players from the year 2013 to 2016. BAE Systems launched a product named IndustrialProtect, a military-grade solution designed to protect the industrial control systems of organizations; Honeywell launched DynAMo, a new alarm technology to improve the safety and productivity at critical infrastructures such as processing plants and pipelines; EMC Corporation launched a new video surveillance solution which offers a flexible, open, and cost-effective platform for storage investigation and video content; Waterfall Security innovated a new product named Waterfall ClearSCADA to its SCADA family which made an add-on to its unidirectional security gateway products with a stronger than firewall feature. General Dynamics Fidelis Cybersecurity solutions launched a new network security solution called Fidelis XPS to reinforce threat intelligence and prevention & detection at any critical infrastructure.
The major players also adopted the strategy of mergers and acquisitions to increase their geographic presence and expand their product portfolio to untapped markets. BAE Systems acquired Perimeter Internetworking Corp., which trades as SilverSky, to enhance its presence in the U.S.; EMC Corporation acquired Aveksa, Inc. to enable EMC Corporation to have a complete suite of identity management and access governance which helped build strong portfolio for critical infrastructures.
Globally, critical infrastructure protection vendors are continuously adding innovation to their products and services to enhance the userís experience and provide better connectivity overall.
Critical Infrastructure Protection Market by Security Technology (Network, Physical, Radars, CBRNE, Vehicle Identification, Secure Communication, SCADA, Building Management), by Service, by Vertical & by Region - Global Forecast to 2021
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