Infrastructure protectionInfrastructure security market to reach $32.55 billion in 2012
The global infrastructure security market, in terms of government spending, will reach a value of $32.55 billion in 2012; a new report says that spending on bolstering the cyber aspects of infrastructure security has little utility by itself unless the physical integrity of the infrastructure is also appropriately safeguarded
The infrastructure security market has rapidly grown over the past decade, with the formation of a host of governmental and international organizations dedicated to homeland security and critical infrastructure protection. The major threats to infrastructure are not expected to diminish, at the same time that the construction of infrastructure itself will expand significantly during the forecast period.
A new analysis from Visiongain indicates that the global infrastructure security market, in terms of government spending, will reach a value of $32.55 billion in 2012.
Visiongain’s report, titled “The Infrastructure Security Market 2012-2022: Government Spending for Homeland Security,” considers infrastructure security in terms of government spending directed toward protecting the physical integrity of a nation’s vital assets from terrorist attack, criminal damage, theft, and environmental destruction. Infrastructure included in the report includes rail and bus networks, utilities, power stations, energy infrastructure, and major events such as the Olympic Games.
In some of these cases, funding for cyber security seems paramount, but the report says that this protection has little utility by itself unless the physical integrity of the infrastructure is also appropriately safeguarded. Investment and innovation will continue in equipment and services such as IP surveillance cameras, sensor systems, perimeter fencing, and biometric access control.
Visiongain expects an increase in integration of systems and the provision of end-to-end systems.
Furthermore, advances in miniaturization of technology and reductions in unit cost will permit existing solutions to be made more applicable to a wider array of security environments.
National infrastructure markets in North America and major European countries will remain leading national markets in the infrastructure security market over the forecast period 2012-22. Although visiongain does not expect significant growth as a consequence of continued recession and fiscal austerity, infrastructure protection will continue to be prioritized as part of security spending.
The report notes that growth within Asian infrastructure security markets such as China and India, alongside the Middle East, is forecast by visiongain to be very strong, driven by high economic reliance on vital infrastructure, pressing internal security concerns, and expansion of oil and gas fields. In the longer term, the market will take a more global complexion, with higher growth levels in Latin America, Africa, and Central Asia.
