Military cybersecurity market size to grow by USD 15,116.14 million from 2022 to 2027|Increase in adoption of cloud-based services to influence market growth - Technavio

NEW YORK, July 31, 2023 /PRNewswire/ -- The military cybersecurity market size is expected to grow by USD 15,116.14 million from 2022 to 2027, according to Technavio. As per the latest report, the market will progress at a CAGR of 10.82% during the forecast period. High adoption of Al and machine learning is an emerging military cybersecurity market trend. Economic growth, especially in developed countries is driven by the development and adoption of AI and machine learning. This is because all industries are becoming highly automated and developed countries are using Al-based solutions earlier than developing countries. Hence, such trends fuel the market growth during the forecast period. View a Sample Report within minutes!

Technavio has announced its latest market research report titled Global Military Cybersecurity Market 2023-2027

Military Cybersecurity Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our military cybersecurity market report covers the following areas:

Military Cybersecurity Market 2023-2027: Segmentation
Military Cybersecurity Market is segmented as below:

Deployment
Type
Geography

The market share growth by the on-premise segment will be significant during the forecast period. These services run on the organization's own hardware infrastructure. Along with the hardware (controller boards and door readers), end users like Defense purchase cybersecurity software licenses to allow them to run the required software on their local servers. Also, military organizations control data storage and security without third-party interference, and the demand for on-premises systems has decreased recently as many companies have moved to cloud-based solutions. Hence, such factors boost the n-premise segment of the military cybersecurity market during the forecast period.

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Military Cybersecurity Market 2023-2027: Market Dynamics

Key Drivers

The increase in the adoption of cloud-based services drives the military cybersecurity market. Defense agencies use cloud-based services for a variety of applications. The applications include authentication processes, video management, biometrics storage, and big data computing. Since some defense agencies do not have their own security infrastructure, they increasingly adopt cloud-based services.

Also, as the workforce becomes more mobile, military organizations must implement cloud-based services for various functions. But cloud service providers must comply with strict regulations enforced by federal agencies, such as compliance with the Federal Information Security Management Act (FISMA) and the European Union's (EU) General Data Protection Regulation (GDPR) to ensure the security of government and military sector data. Hence, such factors boost the growth of the military cybersecurity market during the forecast period.

Major Challenges

System integration and interoperability issues challenge the growth of the military cybersecurity market. There has been a growth in the adoption of advanced technology in the military sector. However, it has also created problems with system integration and interoperability.

Also, various defense agencies face integration challenges when implementing network security solutions. Furthermore, technical flaws, server errors, and other malfunctions caused by hacks are some of the major problems facing network security solutions. Hence, such challenges impede the market growth of military cybersecurity during the forecast period.

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Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Military Cybersecurity Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 vendors operating in the Military Cybersecurity Market, including some of the vendors such as Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Systems Corp., Raytheon Technologies Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc. Backed with competitive intelligence and benchmarking, our research reports on the Military Cybersecurity Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Vendor Offerings

Airbus SE - The company offers military cybersecurity such as CyberRange, Ectpcryp BLUE, and SEI Gateway.
BAE Systems Plc - The company offers military cybersecurity such as NetReveal.
Booz Allen Hamilton Holding Corp. - The company offers military cybersecurity such as Cyber4Sight, and CyberM3.

Military Cybersecurity Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist military cybersecurity market growth during the next five years
Estimation of the military cybersecurity market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the military cybersecurity market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of military cybersecurity market vendors

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Military Cybersecurity Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 10.82%
Market growth 2023-2027	USD 15,116.14 million
Market structure	Fragmented
YoY growth 2022- 2023 (%)	9.52
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 34%
Key countries	US, China, India, Russia, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Systems Corp., Raytheon Technologies Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.3 Market size 2022

4 Historic Market Size

5 Five Forces Analysis

5.1 Five forces summary

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Deployment

6.1 Market segments

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.3 Airbus SE

12.4 BAE Systems Plc

12.7 Cisco Systems Inc.

12.9 Fortinet Inc.

12.11 Intel Corp.

12.17 Thales Group

13 Appendix

13.1 Scope of the report

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