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North America Critical Infrastructure Protection Market Forecast 2021-2028

The North America critical infrastructure protection market is expected to register a CAGR of 6.13%, during the forecast years of 2021 to 2028. The strict initiatives established for protecting and monitoring critical infrastructure, and the increased adoption of critical infrastructure protection solutions and services, across multiple end-user verticals, are projected to fuel the region's market growth.

The North America critical infrastructure protection market growth is assessed by evaluating Canada and the United States. Several regulatory bodies and associations in Canada are responsible for monitoring and protecting critical infrastructure. The authority is mainly shared by provincial and federal governments, infrastructure owners, and local authorities. For instance, the Canadian Electricity Association is entrusted with the responsibility and duty of establishing resilience, in order to secure the country's electricity system from intimidations. Besides, this effort is driven through a collaborative approach, with the United States.
Moreover, with the implementation of the National Strategy and Action Plan for Critical Infrastructure, a risk-based approach to fortify the resilience of Canada's vital assets and systems is inveterate. Cybercrime, in Canada, is swiftly gaining high traction, with the impact surging at a substantial rate. Moreover, in 2018, as per the survey conducted by the ESET Cybercrime Barometer, the majority of Canadians view cybercrime as a national threat. As a result, these factors are expected to fuel the demand for critical infrastructure protection, thereby subsequently augmenting Canada's market growth during the forecast period.

Some of the distinguished companies operating in the market are, Honeywell International Inc, Raytheon Co, Northrop Grumman Corp, General Electric Company, etc.

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North America Critical Infrastructure Protection Market Forecast 2021-2028
Published By :Inkwood Research
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