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Research and Markets: Critical Infrastructure Protection Market to Grow 10% Over 5 Years

market analysisA new survey by Research and Markets forecasts the critical infrastructure protection market to grow double digits over the next five years.

The “Critical Infrastructure Protection: Global Advancements, Market Forecasts & Analysis 2013-2018” report seeks to highlights countries’ efforts to build up defenses against disruption of assets in event of a terrorist attack.

Research and Markets projects CIP, a $64 billion market in 2013, to achieve a compound annual growth rate of 10.7 percent to $106 billion by 2018.

“The government and the operators of critical infrastructures/assets face common type of threats, ” the report said.

“Hence, CIP is now no more a privilege, but is a practice driven by necessity.“

CIP applies to sectors such as energy, transportation, government buildings, monuments and banks.

Accenture,  BAE Systems,  GE Security,  General Dynamics,  Lockheed Martin,  Raytheon, Siemens AG and Thales were some of the companies mentioned in the report.

Potomac Officers Club will present a Federal Critical Infrastructure breakfast symposium at 2941 Restaurant on March 19, 2014 with speakers Harvey Davis and Timothy Unruh.

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