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Global Military Cyber Security Market 2018-2028 - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "The Global Military Cyber Security Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.

The global military cyber security market is expected to register a CAGR of 3.63%, growing from US$12.5 billion in 2018 to US$17.8 billion by 2028.

Several countries are setting up computer emergency response teams (CERTs) on departmental levels to defend their servers against cyber-attacks. The market consists of four categories: network security, data security, identity and access security, and cloud security. Throughout the forecast period, the market is expected to be dominated by the network security segment, which will account for 35.5% of the market, followed by the data security, and identity and access security segments.

The North American market will be followed by the Asia-Pacific region, which is expected to be the second highest spender on military cyber security during 2018-2028. Asia-Pacific region is also projected to be the fastest growing market during the forecast period. Emerging economies in the region, such as India and China are increasing their defense expenditure along with their cyber security budget. The growing spending of these countries on military cyber security market will fuel the growth of overall Asia-Pacific market over the next decade.

The Global Military Cyber Security Market 2018-2028 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military cyber security, key market trends, and challenges faced by industry participants.

Companies Mentioned

  • Northrop Grumman
  • Lockheed Martin
  • Raytheon
  • General Dynamics
  • Thales
  • Radiance Technologies
  • Booz Allen Hamilton
  • The KeyW Holding Corporation
  • CGI Group
  • ManTech International Corporation

For more information about this report visit https://www.researchandmarkets.com/research/4nm4rb/global_military?w=4