Defense Cyber Security Market Share & Growth | Forecast 2031
Defense Cyber Security Market Share & Growth | Forecast 2031
Segments - Defense Cyber Security Market by Platforms (Hardware, Software, and Services), Deployment (On-premise and Cloud), Solutions (Network Security, Training Services, Cyber Threat Intelligence, and Defense Solutions), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AD-2497
| 4.3 Rating
| 83 Reviews
| 187 Pages
| Format :
Report Description
The global defense cyber security market size was valued at USD 17.22 Billion in 2022 and is expected to reach USD 24.94 Billion by 2031, expanding at a CAGR of 4.2% during the forecast period, 2023–2031. The growth of the market is attributed to continuous advancement of information technology and modernization of existing weapons through reconnaissance and surveillance.
Cyber security is about protecting systems connected to the Internet, including hardware, software, and data from cyber-attacks. A more interconnected world of defense and aintelligence means that combatants can obtain more information fast and more accurately than ever before.
Privacy measures are some of the key factors driving the development of the defense cyber security market. Lack of technical knowledge and experience will hinder the national defense cyber security market.
Defense Cyber Security Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand from defense IT expenditure is expected to boost the market during the forecast period.
- Rapid growth of the security industry due to increasing defense sector as well as IT sector is major factors fueling the market in the coming years.
- Growing incidence of cyber-attacks on military organizations is expected to drive the market during forecast period.
- High installation cost of cyber security systems in organizations is projected to restrict the market growth.
- Lack of awareness about cyber security certifications act as major challenges that hampers the market growth.
- R&D investment and technological advancement in cyber security systems by adoption of IoT is projected to create immense opportunities for the market players.
Scope of Defense Cyber Security Market Report
The report on the global defense cyber security market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Defense Cyber Security Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Platforms (Hardware, Software, and Services), Deployment (On-premise and Cloud), and Solutions (Network Security, Training Services, IT infrastructure, Logistic and operation, and Defense Solutions) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Raytheon Company, Northrop Grumman Corporation, SAIC, Lockheed Martin Corporation, and General Dynamics- CSRA |
Defense Cyber Security Market Segment Insights
Platform Segment Analysis
Based on platform, the defense cyber security market is bifurcated into hardware, software, and services. The hardware segment is anticipated to expand at a rapid pace during the forecast period owing to defense information technology (IT) infrastructure modernization programs by governments in countries such as the United States, China, and India.
Cyber threats in the military subsystem are forcing governments of different countries to strengthen their cyber security services through partnerships with key service providers.
On the other hand, the software segment is estimated to expand at a substantial CAGR during the forecast period due to adoption of on-premises and cloud security platforms by major players worldwide. In addition, the growing importance of software in the digitalization of military operations should drive growth in this area.
Deployment Segment Analysis
Based on deployment, the defense cyber security market is bifurcated into on-premise and cloud. The cloud segment is expected to represent a key share of the market during the forecast period owing to its high speed, scalability, and improved IT security. As more and more cloud-based applications are deployed, the demand for cloud-based network security solutions has increased exponentially.
Solutions Segment Analysis
Based on solutions, the defense cyber security market is fragmented into network security, training services, IT infrastructure, logistic & operation, and defense solutions. The IT infrastructure segment is expected to account for a key share of the market during the forecast period owing to high cost of purchasing and installing advanced components and systems.
In addition, several countries including China, India, Russia, and the US are implementing expensive network security software and solutions to simplify the traditional defense infrastructure in the high-tech network security system.
Regional Outlook
On the basis of regions, the defense cyber security market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. As the number of cyber-attacks in the country continues to increase, governments in the region is investing heavily in defense against these cyber-attacks.
As one of the largest industrialized countries, the US is highly dependent on the Internet, so it is vulnerable to cyber-attacks. At the same time, due to advanced technology and a huge military budget, the country has huge defense potential.
Segments
The global defense cyber security market has been segmented on the basis of
Platforms
- Hardware
- Software
- Services
Deployments
- On-premise
- Cloud
Solutions
- Network Security
- Training Services
- IT infrastructure
- Logistic and operation
- Defense Solutions
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Raytheon Company
- Northrop Grumman Corporation
- SAIC
- Lockheed Martin Corporation
- General Dynamics- CSRA
Competitive Landscape
Key players competing in the defense cyber security market include Raytheon Company, Northrop Grumman Corporation, SAIC, Lockheed Martin Corporation, and General Dynamics- CSRA.
Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Defense Cyber Security Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Defense Cyber Security Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Defense Cyber Security Market - Supply Chain
4.5. Global Defense Cyber Security Market Forecast
4.5.1. Defense Cyber Security Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Defense Cyber Security Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Defense Cyber Security Market Absolute $ Opportunity
5. Global Defense Cyber Security Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Defense Cyber Security Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Defense Cyber Security Demand Share Forecast, 2019-2026
6. North America Defense Cyber Security Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Defense Cyber Security Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Defense Cyber Security Demand Share Forecast, 2019-2026
7. Latin America Defense Cyber Security Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Defense Cyber Security Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Defense Cyber Security Demand Share Forecast, 2019-2026
8. Europe Defense Cyber Security Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Defense Cyber Security Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Defense Cyber Security Demand Share Forecast, 2019-2026
9. Asia Pacific Defense Cyber Security Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Defense Cyber Security Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Defense Cyber Security Demand Share Forecast, 2019-2026
10. Middle East & Africa Defense Cyber Security Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Defense Cyber Security Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Defense Cyber Security Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Defense Cyber Security Market: Market Share Analysis
11.2. Defense Cyber Security Distributors and Customers
11.3. Defense Cyber Security Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Raytheon Company
11.4.2. Northrop Grumman Corporation
11.4.3. SAIC
11.4.4. Lockheed Martin Corporation
11.4.5. General Dynamics- CSRA
Methodology
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