Global Military Cyber Security Market to Reach US$17.8 Bn by 2028 Growing at 3.63% Says a Research Available at The Market Reports

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

Modern battles are not only fought on air, land and sea, but also in cyberspace. Hostile forces are constantly trying to disrupt or damage critical operations of a country and conduct cyber espionage to access information that are vital to the government and military. Cyber attacks can originate from anywhere in the world and are inexpensive in nature, owing to which adversary forces prefer to engage in cyber warfare techniques instead of conventional warfare. These factors drive the defense establishments across the world to invest in instituting defense capabilities against cyber attacks.

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• 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.
• 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.
• In terms of geography, North America is projected to dominate the sector with a share of 54.0%, followed by Asia-Pacific and Europe.

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Reason to Buy:
• Determine prospective investment areas based on a detailed trend analysis of the global military cyber security market over the next ten years
• Gain in-depth understanding about the underlying factors driving demand for different cyber security segments in the top spending countries across the world and identify the opportunities offered by each of them
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
• Identify the major channels that are driving the global military cyber security market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the global military cyber security market
• Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top military cyber security providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available

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

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Name: Shirish Gupta
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Organization: The Market Reports
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Release ID: 432536