Global Defense Cyber Security Market, By Solution (Defense Solutions, Threat Assessment, Network Fortification, Training Services), By deployment (On-Premises, cloud), By Application (Military, Public Utilities, Communication Networks, and Others) By Region- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2027.
Global Defense Cyber Security Market
Global Defense Cyber Security Market was valued at USD 14.3 billion in 2021 which expected to reach at USD 31.4 billion by 2027 at a CAGR 10.99% from 2022-2027.
Cybersecurity is defined as a continual contest in between the attackers & the defenders. Each organization/the company has liabilities than an attacker can misuse to get the access & destroy the system by hacking it. Cyber attackers require to identify & then take the benefit of those security flaws where the defenders are given a task to close them.
Market Drivers
The increase in adoption in the machine-to-machine technologies in the aerospace sector is expected to boost the growth of global defense cyber security market over the forecast period. Also, growing focus of the official on improving the cyber security to counter the cyber terrorism that have led to the rise of the cyber security market which is expected to drive the growth of the global Defense cyber security market.
Furthermore, the attacks on the regulatory, trade & the individuals have raised at a very exponential rate over the past few years. Construction & the pertaining to the defense is rapid being a target of the choice amidst both the state-sponsored cyber attackers and also the individuals. Thus, the organization have been noticing the value of the disrupting security system which were earlier regarded as impenetrable.
Market Restraints
The increase in official initiatives to secure & protect the critical data are although supporting the market however, the low Defense funding priority in some of the regions combined with the ROI metrics is expected to hamper the growth of the global Defense cybersecurity market.
Market Segmentation
The Global Defense Cyber Security Market is segmented into solution such as Defense Solutions, Threat Assessment, Network Fortification, Training Services. By deployment, market is segmented into On-Premises, Cloud. Further, market is segmented into application such as Military, Public Utilities, Communication Networks, and Others.
Regional Analysis
The Global Defense Cyber Security Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America region held a dominant position in the Defense cybersecurity market in 2021, due to the high deployment of cloud technologies, the proliferation of IoT devices as well as the increasing number of data center constructions. Further, the high number of capital and IT market & their diversified businesses worldwide call for efficient management of endpoint devices & protection across unknown networks.
Key Players
Various key players are listed in this report such as Leidos Holdings Inc., General Dynamics-CSRA, Booz Allen Hamilton Holding Corp., Northrop Grumman, Raytheon Technologies Corporation, SAIC, Lockheed Martin Corporation, Viasat Inc., L3 Harris Technologies, etc.
Market Taxonomy
By Solution
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