Summary
The global Military Cyber Security Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Increasing connected defense and intelligence scenarios has led to the generation of huge data. However, this has also led to issues such as cyber-attacks, data leaks, and other IT security breaches. Military cybersecurity focuses on using advanced tools and strategies to protect critical networks in the military and defense sector.
Increasing number of cyber-attacks are expected to propel the growth of the global military cybersecurity market over the forecast period. For instance, according to the Defense Information Systems Agency of the U.S. January 2018, the Defense Department of the U.S. prevents 36 million emails full of malware, viruses and phishing schemes from hackers, terrorists and foreign adversaries that are focused on gaining unauthorized access to military systems.
Moreover, the high vulnerability of military systems and weapons to cyber-attacks is also expected to aid in the growth of the market. For instance, according to the U.S. Government Accountability Office Report of October 2018, Pentagon weapons were vulnerable to attack as “relatively simple tools and techniques, testers were able to take control of systems and largely operate undetected", owing to basic security vulnerabilities.
Increasing awareness for cybersecurity in the military and defense sector is expected to offer lucrative growth opportunities for players in the market. For instance, Cyberspace Solarium Commission focuses on reviewing U.S. cyber strategy and recommending policy changes to enhance the response of the U.S. to cyber-attacks. Moreover, increasing investment in the military and defense sector is also expected to aid in the growth of the market. For instance, according to the Stockholm International Peace Research Institute’s 2019 Fact Sheet, the U.S. spent US$ 649 billion on the military and defense sector in 2018.
Major players in the market are focused on gaining contracts to enhance their market share. For instance, in February 2020, Raytheon Company received US$ 314 million Patriot Defense System Engineering Task Order under which the company will offer comprehensive engineering services including systems, software and hardware development, integration and test services, configuration management and logistics support. The services also include improving the resilience of the Patriot Defense System against evolving cyber threats.
Key Takeaways:
- Increasing number of cyber-attacks to augment the growth of the global military cybersecurity market over the forecast period
- Investment in the military and defense sector is also expected to aid in the growth of the market
- Major players operating in the global military cybersecurity market include Northrop Grumman Corporation, Lockheed Martin, Raytheon Company, General Dynamics, Thales Security, Radiance Technologies, Booz Allen Hamilton, KeyW Corporation, CGI Group, Airbus S.A.S., and ManTech
The Military Cyber Security Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Military Cyber Security Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Northrop Grumman Corporation
- Lockheed Martin
- Raytheon
- General Dynamics
- Thales
- Radiance Technologies
- Booz Allen Hamilton
- KeyW Corporation
- CGI Group
- ManTech
By the Product Type, the market is primarily segmented into:
- Network Security
- Data Security
- Identity and Access Security
- Cloud Security
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Military Cyber Security Market Report:
- To assess the size of the market by value and volume
- Analyze the Military Cyber Security Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine the share of the Military Cyber Security Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Military Cyber Security Market
The Military Cyber Security Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Military Cyber Security Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into the specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Request Discount 
Inquire Before Buy
