Middle East Critical Infrastructure Protection (CIP) Market worth $13.07 Billion by 2018
30 Oct, 2013, 13:52 GMT
DALLAS, October 30, 2013 /PRNewswire/ --
The report "Middle East Critical Infrastructure Protection (CIP) Market - Advancements, Business Models, Technology Roadmap & Market Forecasts & Analysis (2013 - 2018)", defines and segments the key assets protection market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.
Browse 109 market data tables with 38 figures spread through 195 pages and in-depth TOC on "Middle East Critical Infrastructure Protection (CIP) Market - Advancements, Business Models, Technology Roadmap & Market Forecasts & Analysis (2013 - 2018)"
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Middle East accounts for nearly 35% of the world oil exports. Saudi Arabia, Iraq and Egypt are the leading oil and gas producing nations in the Middle East region. Securing oil and gas drill rigs, exploration sites, refineries, pipelines and storage units is one of the critical issues which are being faced by oil and gas operators across the globe. The energy security has always been a critical issue for the nations, but more emphasis is being given to it now due to the rise in the terrorist activities and increased cyber-attacks on oil and gas networks. This problem is faced by both developed and developing countries across the Middle East region. The oil production in most of the countries mentioned in the report is likely to remain stable in the coming years.
Most of the Middle East countries are highly dependent on oil and gas exports and hence share a similar market trend. Major forces driving the Middle East CIP market are increased dependency of the government and commercial organizations on IT infrastructure, increased political unrest, increased government spending on infrastructure, increasing deployment of process automation solutions across verticals, increased threat of physical and cyber attacks and the market trend of deploying best practices for a better response in case of emergencies. The need for cost effective business processes is soaring as organizations aim to gain a competitive edge in the industry. Organizations across the globe are looking forward for solutions that integrate the security types into their mainstream process workflows, the service providers are optimistic about enriching their offerings by delivering value added services.
MarketsandMarkets broadly segments the Middle East Critical Infrastructure Protection (CIP) Market for security technologies such as physical, network, radars, CBRNE, secure communications, vehicle identification management, SCADA security and managed security & services and by verticals such as energy & power (smart grids, nuclear, oil and gas, solar, thermal, hydro and geothermal), transportation systems (highways/bridges, railway infrastructure, airports, seaports), sensitive infrastructures (stadiums, holy places, defense establishments, IT and communication, BFSI and government facilities, chemical & manufacturing); By type of solutions: video surveillance, access control, CBRNE detection technologies, CIP radars, secured communication and network security solutions; By type of services: risk management services, design, integration & consultation services, managed services and maintenance & support; By countries: Egypt, Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, Turkey, UAE, Pakistan and Others.
MarketsandMarkets believes that the need for increasing the agility of a business process, along with cost control measures is playing a cardinal role in shaping the future of critical infrastructure protection market. Even though the adoption of these solutions is slow due to the high costs involved with deployment and compliance concerns; these solutions are expected to enjoy enduring growth and have a pervasive existence across all major verticals, owing to the growing demand for automation and virtualization of workplace. These solutions are well positioned to provide solution for globally spread businesses, despite different organizational structures and business process needs. MarketsandMarkets further expects that the integration of security solutions within the existing organizational framework will further amplify the growth of businesses, while ensuring the compliance and regulatory standards.
MarketsandMarkets forecasts the Middle East critical infrastructure protection Market to grow from $5.74 billion in 2013 to $13.07 billion in 2018. In terms of geographies, Saudi Arabia is expected to be the biggest market in terms of revenue contribution, while United Arab Emirates (UAE), Turkey and Bahrain are expected to experience increased market traction, during the forecast period.
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