Military Cybersecurity Market Featuring Key Drivers, Affective Mechanisms, Employment, Social Affairs, Evidence, Technologies And Forecast 2023-2032|Lockheed Martin Corporation, BAE Systems plc, Raytheon Technologies Company, Northrop Grumman Corporation, Thales Group

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The Military Cybersecurity Global Market Report 2023 by The Business Research Company, provides military cybersecurity market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Military Cybersecurity Global Market Report 2023, the global military cybersecurity market size is expected to grow from $12.29 billion in 2022 to $13.28 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The military cybersecurity market size is expected to reach $17.9 billion in 2027 at a CAGR of 7.8%.

An increased number of cyberattacks is expected to propel the growth of the military cybersecurity market going forward. A cyber attack is an attempt to access a computer system or network to cause damage illegally. It can steal data, deliberately disable machines, or utilize a compromised computer as a launching pad for more attacks. The military must have secure information resources to ensure the integrity of its operations. Military cybersecurity prevents attacks on social networks and safeguards data, networks, net-centric capabilities, and other designated systems.

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The military cybersecurity market is segmented:

1) By Type: Defensive Cybersecurity, Offensive Cybersecurity

2) By Platform: Hardware, Service, Software

3) By Security Type: Network Security, Cyber Threat Intelligence, IT Infrastructure, Logistics And Operation Security, Training Services

4) By Solution: Threat Intelligence And Response Management, Identity And Access Management, Data Loss Prevention Management, Security And Vulnerability Management, Unified Threat Management, Enterprise Risk And Compliance, Managed Security, Other Solutions

5) By Application: Ground Force, Air Force, Marine Force

Product innovations are the key trend gaining popularity in the military cybersecurity market. Major companies operating in the military cybersecurity market are focused on developing innovative products to sustain their position in the market. For instance, in July 2022, CCX Technologies, a Canada-based manufacturer of a range of products for aerospace OEMs, aircraft maintainers, and military contractors, launched SystemX enterprise cybersecurity software. SystemX Enterprise is the first cyber security solution built for direct interaction with aviation, aerospace, and defense systems to protect their onboard networks from cyber threats. The package includes comprehensive, customizable cyber defense and security software tools, maintenance, and expert integration assistance. SystemX Enterprise is exceptionally versatile and can suit various requirements, especially for diverse automobile platforms.

The military cybersecurity market report table of contents includes: