Infrastructure protection marketInfrastructure security market to reach a value of $32.55 billion in 2012
The infrastructure security market has rapidly developed over the past decade, with the formation of a host of governmental and international organizations dedicated to homeland security and critical infrastructure protection; a new report says growth trends in the infrastructure protection market will continue
Reportlinker.com announced a new Visiongain market research report: The Infrastructure Security Market 2012-2022: Government Spending for Homeland Security (HLS).
The infrastructure security market has rapidly developed over the past decade, with the formation of a host of governmental and international organizations dedicated to homeland security and critical infrastructure protection. The report notes that major threats to infrastructure are not expected to diminish, while the construction of infrastructure itself will expand significantly during the forecast period. Visiongain analysis has indicated that the global infrastructure security market, in terms of government spending, will reach a value of $32.55 billion in 2012.
Visiongain’s report 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, and theft, alongside 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.
The report says that while in some of these cases funding for cyber security seems paramount, 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.
Visiongain does not expect significant growth as a consequence of continued recession and fiscal austerity, but infrastructure protection will continue to be prioritized as part of security spending. 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 & 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.
Visiongain says the report contains 143 tables, charts, and graphs. Visiongain provides forecasts for the period 2012-22 in terms of value (U.S.$) for the global infrastructure security market in terms of government spending, as well as for four submarkets of the infrastructure security market (infrastructure security electronics, infrastructure perimeter security, infrastructure security services, and environmental infrastructure security). In addition, sixteen leading national infrastructure security markets are forecast and analyzed by Visiongain over the period 2012-22, alongside a “rest of the world” forecast and summary. The report also provides profiles of forty leading companies operating within the market, and includes two exclusive interviews with companies involved in infrastructure security, providing expert insight alongside Visiongain analysis.
