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The increasing development of smart cities consisting of cyber and physical infrastructures has backed the growth of the global critical infrastructure protection (CIP) market. The rising need to protect industrial infrastructure will surge the demand for these solutions.

The critical infrastructure protection market size was USD 96.30 billion in 2019 and is projected to reach USD 154.59 billion by 2027, exhibiting a CAGR of 6.2% during the 2020-2027 period, according to a report by Fortune Business Insights. 

Critical infrastructure is persistently at high risk from numerous man-made and natural hazards and threats, such as terrorist attacks, cyberattacks, harsh weather conditions, etc. The large industrial infrastructures require internet connectivity for administration and remote monitoring. These threats can cause severe damages to defense, transport, energy systems, healthcare, finance, and telecommunications. They can further have devastating effects on the economy worldwide. 

Therefore, the critical infrastructure protection solutions are much needed for preventing such threats. 

The COVID-19 pandemic would impact the market positively stoked by the urgent need for strong communication infrastructure as the educational institutions are moving towards e-learning and the companies are shifting towards work-from-home initiatives.

However, building robust partnerships with the governments, stakeholders, and organizations to collect information is a difficult task. It requires trust building. This factor may hamper the critical infrastructure protection market growth in the near future, according to the report cited by

Based on application, the market is segregated into resilience and system recovery, incident response, security event monitoring, patching and vulnerability management, identity and access management, and others. Out of these, the identity and access management segment held 26.8% in terms of critical infrastructure protection market share in 2019. It is set to lead throughout the coming years owing to its ability to aid the companies in delivering efficient and secure access to the diverse systems.

Geographically, in 2019, North America procured USD 32.57 billion in terms of revenue. This growth is attributable to the increasing dependence of the e-commerce and electric power industries on CIP solutions, as well as the rising cases of cyber-attacks. So, the American government has inclined towards providing safety to the critical infrastructure of various countries in the region. 

Asia Pacific, on the other hand, is expected to be the fastest-growing region in the near future backed by the increasing prevalence of high-profile cyber-attacks. These attacks have compelled the authorities to strengthen their critical infrastructure and cyber resilience.