ASIA-PACIFIC CRITICAL INFRASTRUCTURE PROTECTION MARKET 2021-2028

ASIA-PACIFIC CRITICAL INFRASTRUCTURE PROTECTION MARKET 2021-2028

MARKET OUTLOOK

Research by Triton depicts that the critical infrastructure protection market in the Asia-Pacific will be fast progressing at a CAGR of 7.50% in terms of revenue during the forecast period from 2021 to 2028. Japan, India, South Korea, China, Australia & New Zealand. ASEAN countries, and Rest of APAC countries together shape the market in this region.

The implementation of a large number of initiatives by the government and the related authorities in Japan to focus on data protection and management, and the infrastructure related to it, is expected to accelerate the critical infrastructure protection market growth in the forecast period. It also aims to encourage the Japanese business sector to pursue the best practices in cybersecurity. The Government of Japan has also created a new agency, assigning it with the duty and responsibility of protecting critical infrastructure before the commencement of the 2020 Tokyo Olympics.

The increasing instances of cyberattacks in the country are compelling the government to better manage the existing infrastructure and install new infrastructure protection solutions that can mitigate such attacks. Japanese organizations are prompting the country’s government to establish new laws, regulations, strategies, and facilities to support the adoption of CIP solutions. This will drive the critical infrastructure protection market growth significantly.

On the other hand, the Government of India has launched several projects, such as Smart Cities Mission, Swachh Bharat Mission, and Power for All, among others, with the aim of building sophisticated infrastructure in the country. These initiatives are estimated to boost the studied market’s growth in India over the coming years.

COMPETITIVE OUTLOOK

Some of the companies present in this market are General Dynamics Corporation, Airbus SE, Ericsson AB, General Electric Company, Honeywell International Inc, Northrop Grumman Corp, Teltronic, and Lockheed Martin Corporation.