EUROPE CRITICAL INFRASTRUCTURE PROTECTION MARKET 2021-2028

EUROPE CRITICAL INFRASTRUCTURE PROTECTION MARKET 2021-2028

MARKET OUTLOOK

Triton's report has determined the market for critical infrastructure protection in Europe to proliferate at a CAGR of 6.76% during the forecast period 2021-2028.

Germany, France, the United Kingdom, Spain, Italy, Russia, and Rest of Europe countries together shape the market in this region.

France’s National Agency is taking steps to make the critical infrastructure of the country more secure and resilient. The stakeholders of infrastructure, such as industries, integrators, and end-users, joined hands in 2013 to address security issues more systematically. Since then, they have been working towards providing concrete solutions to improve the country’s critical infrastructure, and make it more secure.

Furthermore, effective funding mechanisms, which foster the development of SMEs operating in energy efficiency, and the implementation of energy efficiency policies are also driving the adoption of CIP solutions in France.

On the other hand, espionage is one of the greatest risks to France’s cybersecurity. Attackers have been known to target critical infrastructure sectors like research, defense, healthcare, and others. This has led to an increase in the demand for CIP solutions and services

Thales and Airbus Cybersecurity are two prominent names in the domain of cybersecurity. In October 2019, they announced entering into a partnership to develop a solution for detecting cyberattacks by combining a cyberattack detection system by Thales and the Orion Malware solution by the latter. The rise in the need to protect critical infrastructure from cyberattacks is predicted to influence the critical infrastructure protection market’s growth positively.

COMPETITIVE OUTLOOK

The major players that have been studied in this market are Northrop Grumman Corp, Teltronic, Waterfall Security Solutions Ltd, Lockheed Martin Corporation, General Electric Company, BAE Systems Plc, Hexagon AB, and McAfee Inc (TPG Capital).