LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global critical infrastructure protection market is expected to grow at a CAGR of more than 13% during the forecast period.
This research report titled ‘Global Critical Infrastructure Protection Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
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The report categorizes the global critical infrastructure protection market into the following four segments by physical security. They are:
- Access control systems
- Surveillance systems
- Alarms and notification systems
Global critical infrastructure protection market by access control systems
The global critical infrastructure protection market by access control systems is expected to exceed USD 68 billion by 2020, growing at a CAGR of close to 15%.
Access control systems grant employees access to protected areas only when their identity matches the information stored in the organization's database. The increase in revenue in this segment is because of increased adoption of access control systems in order to prevent unauthorized access to data and facilities.
With advances in technology, a number of critical infrastructures are adopting access control systems integrated with biometric technologies such as fingerprint and iris recognition. Contactless smartcards that use radio frequency technology for communication between a contactless smartcard and the card reader are also being used by a number of critical infrastructures for securing access to premises.
According to Amrita Choudhury, a lead analyst at Technavio for IT security, “The growth rate of this segment will increase with the growing adoption of advanced technologies such as multifactor authentication and multimodal biometrics. For instance, US-based Entrust provides multifactor authentication to critical infrastructures for controlling physical and logical access.”
Global critical infrastructure protection market by surveillance systems
The global critical infrastructure protection market by surveillance systems is expected to exceed USD 43 billion by 2020, growing at a CAGR of close to 13%. The main factor contributing to the growth of this market is the sale of surveillance systems for manufacturing and energy facilities. This is due to the growing awareness among these enterprises about the need for physical security. Surveillance systems are being used by different end-users for ensuring security and monitoring purposes. This accounts for an increase in the number of installations of surveillance cameras worldwide.
Vendors such as Western Advance provide surveillance systems to oil and gas, mining, transportation, and energy facilities. Águas do Mondego, a water supply and sanitation system company in the Baixo Mondego-Bairrada region of Portugal, uses Avigilon HD solution to monitor remote locations.
Global critical infrastructure protection market by alarms and notification systems
The global critical infrastructure protection market by alarms and notification systems is expected to exceed USD 30 billion by 2020, growing at a CAGR of almost 10%. Due to an increase in the number of criminal activities in facilities such as oil and gas, the adoption of alarms and notification systems is expected to increase, which will positively affect market revenue. Alarms and notification systems send alert messages to security personnel in case of an intrusion or theft and thereby help prevent the theft or loss of data.
Global critical infrastructure protection market by software
The global critical infrastructure protection market by software is expected to exceed USD 19 billion by 2020, growing at a CAGR of over 16%. The software allows easy integration of physical security devices such as surveillance systems, access control systems, and alarms and notification systems installed at different places to give an integrated view of the critical area under surveillance. In addition, the software helps in seamless integration of new systems with the existing systems, without any added costs for the replacement of devices.
“Due to the ability of critical infrastructure protection software to enhance or automate the monitoring processes and store and analyze data related to individual behavior, end-users are shifting from hardware devices to software solutions, which is influencing market growth,” says Amrita.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Axis Communications AB
- Robert Bosch
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