Military Cybersecurity Market Research Report with Outlook, Strategies

Posted by johndbmr on April 7th, 2021

Global military cybersecurity market is expected to rise to an estimated value of USD 15 billion by 2026, registering a steady CAGR in the forecast period of 2020-2026. Cybersecurity is the combination of various technologies, techniques and parameters set forth to prevent attacks; restrict the effects of potential cyber-attacks while limiting the chances of any unauthorized access.

Major Market Competitors/Players

Few of the major competitors currently working in the global military cybersecurity market are Lockheed Martin Corporation; Northrop Grumman Corporation; Raytheon Company; General Dynamics Mission Systems, Inc.; Thales Group; BAE Systems; Booz Allen Hamilton Inc.; CACI International Inc; Airbus; Salient CRGT; DIGITAL MANAGEMENT, LLC; KeyW Corporation; Check Point Software Technologies Ltd.; FireEye, Inc.; ManTech International Corporation; Radiance Technologies, Inc.; Cisco and Symantec Corporation among others.

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This technology is specially designed for different various industries, based upon the different threats of that particular industry as well as the different parameters required for the successful deployment of these services. Military cyber-security is the technology compilation based on the parameters and requirements of various military authorities.

Segmentation: Global Military Cybersecurity Market

•          By Type (Network Security, Application Security, End-Point Security, Data Security, Identity & Access, Cloud Security, Wireless Security)
•          By Solution (Threat Intelligence & Response Management, Identity & Access Management, Data Loss Prevention Management, Security & Vulnerability Management, Unified Threat Management, Enterprise Risk & Compliance, Managed Security, Others)
•          By Deployment (Cloud, On-Premise)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis

Global military cybersecurity market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of military cybersecurity market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          Growing adoption of cloud-based storage solutions is also expected to drive the growth of the market
•          Increasing investments undertaken by various governments to curb the threat of cyber-attacks and ensure better levels of security solutions
•          Modern innovations and technological advancements resulting in the availability of unmanned vehicles requiring better levels of security services to ensure reduction of chances of hacking of these products
•          Focus on better security from various private contractors regarding the confidential and intellectual property is also expected to augment growth of the market