The global Defense Cyber Security Market is estimated to be valued at US$ 21.62 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Defense cyber security solutions help governments and militaries securely share information and protect critical infrastructure from cyber threats. These solutions provide cyber intelligence, surveillance and reconnaissance to detect threats, as well as network security to defend against them.
Market key trends:
The adoption of cloud computing is one of the key trends driving the defense cyber security market. Many defense agencies are moving their computing infrastructure and services to the cloud to reduce costs and improve scalability. However, cloud environments also introduce new cybersecurity challenges due to their expansive attack surfaces and the difficulties of monitoring for threats across different cloud platforms. As a result, defense organizations are increasingly investing in cloud security solutions that can provide consistent visibility and security across hybrid cloud environments. This includes technologies like cloud access security brokers, cloud security posture management, and cloud-native application protection platforms.
Segment Analysis
The global defense cyber security market has been segmented into component, security type, deployment, and region. Based on component, the market has been segmented into services and solutions. The solutions segment is expected to dominate the market during the forecast period. Technologies such as network security, data security, identity and access management, and cloud security help strengthen cyber defense capabilities. Growth in the solutions segment is attributed due to increasing adoption of these cyber solutions by defence organisations to secure their networks from advanced cyber threats.
Key Takeaways
The Global Defense Cyber Security Market Demand is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing cyber threats from both nation-state actors and criminal organizations.
Regional analysis: North America is expected to dominate the market during the forecast period. This is owing to presence of major defense cyber security manufacturers and suppliers in countries like the US and Canada. Also, increased IT and digitalization budgets for cybersecurity by governments in the region is fueling market growth.
Key players operating in the defense cyber security market are General Dynamics-CSRA, Booz Allen Hamilton Holding Corp., Northrop Grumman, Raytheon Technologies Corporation, Leidos Holdings Inc., SAIC, Lockheed Martin Corporation, Viasat Inc., CACI International Inc. and L3 Harris Technologies. The global defense cyber security market size for 2023 is US$ 21.62 Bn.
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Defense Cyber Security Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the defense cyber security market include Northrop Grumman Corporation, IBM Corporation, Cisco Systems, Intel Corporation, Thales S.A., DXC Technology Company (HP), The Boeing Company, BAE Systems plc, SecureWorks Corp. (Dell), Lockheed Martin Corporation and Raytheon Company.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Defense Cyber Security Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/defense-cyber-security-market/download-sampleMarket DynamicsRising threats of cyber-attacks by organised criminal groups on critical infrastructures and high-value assets, and technological advancements in the information security business, are driving the development of defense cyber security for the defence sector.
Furthermore, enhanced active-arms intelligence, along with identification and surveillance systems, and the high confidentiality of information-gathering systems, has resulted in the employment of software that effectively strengthens cyber defence.
On the other hand, high maintenance costs, the ongoing need to adapt to industry standards, the difficulties of device security, and the lack of a standardised cybersecurity system, on the other hand, are expected to stymie market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Global Aviation & Defense Cyber Security Market is valued approximately USD 39.5 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 9.20% over the forecast period 2018-2025 Summary Rising demand for technological advancement to protect and support passenger traffic and user engagement on internet and websites is expected to fuel the market growth.
& Defense Cyber Security services and solutions protects increasing cyber-attacks and cybercrimes on the aerospace and defense sector.
According to Center for Strategic and International Studies (CSIS) in October 2018, The Centers for Medicare and Medicaid Services (CMS) has announced that hackers hacked personal data of 75,000 people by unauthorized access to a government computer system.
In addition, as per NITI Aayog in 2017, growing cybercrimes is expected to cost of around $6 trillion annually by 2021.
Thus, increasing cyber crime incidents across the globe is expected to fuel the demand of aviation & defense cyber security services and systems across the globe.The report on global aviation & defense cyber security market includes component and deploymentLeading Market players : International Business Machines Corporation (IBM) Honeywell International, Inc. Cisco Systems, Inc. Thales Group Sita The Raytheon Company BAE Systems PLC Lockheed Martin Corporation Harris Corporation Northrop Grumman Corporation Detailed segments and sub-segment of the market: By Component: Solution Type o Identity and Access Management o Risk and Compliance Management o Encryption o Data Loss Prevention o Unified Threat Management o Next Generation Firewalls o Antivirus and Anti-Malware o Intrusion Detection System/Intrusion Prevention System (IDS/IPS) o Security and Vulnerability Management Security Type o Network Security o Endpoint Security o Application Security o Content Security o Wireless Security o Cloud Security Aerospace and Defense Cyber Security Service o Consulting o Design and Integration o Risk and Threat Assessment o Managed Security Services o Training and Education By Deployment: o On-Premise Deployment o On-Cloud Deployment By Region: North America Europe Aaia Pacific Latin America Rest of the worldAbout Aarkstore Enterprise Aarkstore curates global market research reports from various industry verticals and serves businesses worldwide.
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