Critical Infrastructure Protection (CIP) Market Size Worth USD 154.59 Billion in 2027 | 6.2% CAGR

Pune, India, July 07, 2022 (GLOBE NEWSWIRE) -- The global 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 forecast period. The global critical infrastructure protection (CIP) market is expected to grow astonishingly backed by the increasing development of smart cities. Such cities consist of cyber and physical infrastructures that enhance the overall standard of living. Security experts often use CIP solutions to protect the infrastructures from cyber-attacks. This information is given by Fortune Business Insights™ in a new report, titled, "Critical Infrastructure Protection (CIP) Market Size, Share & COVID-19 Impact Analysis, By Component, By Application, By Vertical and Regional Forecast, 2020-2027." Industry developments: February 2020: IronNet Cybersecurity Inc. joined hands with Raytheon Company to create cyber solutions for the operational technology and information technology (OT/IT) systems. These will be delivered to the defense team and will help in controlling the interaction with the physical world. April 2018: Carleton University signed an agreement with SNC-Lavalin to collaboratively protect the critical infrastructures. This main aim of the company is to protect the industries from cybersecurity threats as they fully depend on network interconnectivity and smart grid technology. Request To Sample PDF Brochure: Report Scope: Report Coverage Details Forecast Period 2022-2027 Forecast Period 2022 to 2027 CAGR 6.2% 2027 Value Projection USD 154.59 Billion Base Year 2021 Critical Infrastructure Protection Market Size in 2019 USD 96.30 Billion Historical Data for 2016-2018 Full story available on