Growing severity of cyber-attacks on military/government organizations and increasing government initiatives to secure critical data are a major factor attributable to the growth of the market.
According to TechSci Research report, “Global Defense Cyber Security Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Defense Cyber Security is anticipated to project robust growth in the forecast period with a CAGR of 13.06% through 2028, Various governments across the world are looking to adopt cybersecurity automation solutions for their military applications by concentrating on reducing operating expenditures (OPEX) while maintaining adequate measures against cyberthreats. Further, with the increasing dependency of military organizations on the internet network, the frequency and sophistication of cyberattacks are on the rise. To counter all these vulnerabilities, there is a major focus on adopting cyber security solutions in the defense sector. Cyber threats are attempts based out of the internet to damage or disrupt information systems and hack critical information using various means, such as spyware and malware and by phishing. IT advancement, communications technologies have been changing the landscape of almost every country’s defense networks. However, with rapidly evolving technology comes rapidly advancing threats. Cybersecurity solutions help defense organizations to monitor, detect, report, and handle cyber threats to maintain data confidentiality.
Browse over xx market data Figures spread through 188 Pages and an in-depth TOC on “ Global Defense Cyber Security Market ”
https://www.techsciresearch.com/report/defense-cyber-security-market/18921.html
Based on Solution, Defense Solutions Segment to Dominate the market during the forecast period. Attacks on governments, businesses, and individuals have increased on an exponential basis. Defense infrastructure is fast becoming a target of choice among both individual and state-sponsored cyber-attackers, who now acknowledge the value of disrupting security systems that were previously considered impenetrable. The increased adoption of machine-to-machine technologies in the aerospace domain and the focus of the governments on enhancing cyber security to counter cyber terrorism has led to the growth of the cyber security market in this sector in the past decade. The defense companies, such as BAE Systems PLC, General Dynamics Corporation, Finmeccanica S.p.A., are engaged in developing cyber security solutions in the defense industry, especially in designing network security solutions and software, to prevent cyber-attacks on military software systems, proving the increasing demand from the sector. Navigation and guidance systems can be highly susceptible to cyber-attacks, which can have widespread ramifications. Hence, the computers and networks for all the ground and air-borne operations need robust security infrastructure.
Based on Region, North America to be the Fastest Growing Market. North America presently holds the largest market for cyber security solutions. The strong presence of several market incumbents, coupled with recent security threats in the region, and the thriving defense industry is expected to drive the adoption of these solutions further. Due to the increasing incidents of cyberattacks in the country, the governments in this region are significantly investing in dealing with these cyber attacks. As a major developed economy, the United States is highly dependent on the Internet and is therefore highly exposed to cyber-attacks. At the same time, the country has substantial capabilities in defense due to advanced technology and a large military budget. Malicious hacking from domestic or foreign enemies remains a constant threat to the United States. In response to these growing threats, the country has developed significant cyber capabilities for the defense sector.
Moreover, the United States Cyber Command centralizes command of cyberspace operations, organizes existing cyber resources, and synchronizes defense of US military networks. The recent annual budget plans of the US government earmarked more than USD 11 billion for cybersecurity-related initiatives and USD 9.6 billion for the FY 2020 budget, specifically for the Defense Department Cyber Operations. This was done due to the increasing number of cyberattacks in the country. Also, according to an Atlas VPN investigation, the US government is set to allocate USD 18.78 billion for cybersecurity spending in the FY 2021 budget. In addition, the DOD digital security budget may amount to over 50% of the whole federal cybersecurity spending. Canada is expected to have a significant market share for the defense cybersecurity market. Expanding the cyber defense budget, government initiatives to secure a computerized framework, and spotlight on reinforcing cybersecurity approaches are the key driving element affecting the demand in the country. Besides, the foundation of cybersecurity units and deploying powerful cybersecurity systems inside government organizations, military and guard part are further driving business sector development.
Key market players in the Global Defense Cyber Security Market are following:-
- General Dynamics-CSRA
- Raytheon Technologies Corporation
- SAIC
- Lockheed Martin Corporation
- CACI International Inc.
- L3 Harris Technologies
- Northrop Grumman
- Booz Allen Hamilton Holding Corp.
- Viasat Inc.
- Leidos Holdings Inc.
Download Free Sample Report
https://www.techsciresearch.com/sample-report.aspx?cid=18921
Customers can also request for 10% free customization on this report.
“The global Defense Cyber Security market is driven by several key factors that underscore the critical importance of robust cyber security measures for defense organizations worldwide. These drivers include the escalating sophistication of cyber threats, including Advanced Persistent Threats (APTs), which necessitate continuous innovation and investment in cyber defenses. The interconnected nature of modern defense operations, with increasing reliance on digital technologies, amplifies the attack surface and drives the demand for cyber security solutions. Additionally, the growing integration of emerging technologies like 5G, artificial intelligence, and IoT into military operations requires corresponding security measures. Geopolitical tensions, nation-state cyber warfare capabilities, and the need to protect sensitive information all contribute to the market’s growth. International collaboration for threat intelligence sharing and regulatory compliance also influence cyber security strategies. As defense organizations recognize the imperative to protect critical assets and maintain operational readiness, the defense cyber security market remains dynamic and essential to national security.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Defense Cyber Security Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Solution (Defense Solutions, Threat Assessment, Network Fortification, Training Services), By Region, Competition 2018-2028 has evaluated the future growth potential of Global Defense Cyber Security Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Defense Cyber Security Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com
