Market Snapshot:
Cyber security in the military sector is becoming essential to protect communications, sensitive information, and data of homeland security. In recent times, many governments have started the implementation of cyber security solutions to protect computers and network systems. Hackers have started using artificial intelligence to accelerate malware and make it difficult to detect that will lead service providers and solution providers to develop and use cutting-edge cyber security solutions that can efficiently detect malware and protect systems or networks.
Highlights from Military Cyber Security Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are FireEye (Symphony Technology Group) (United States), Thales Group (France), Stormshield (Airbus) (Netherlands), Raytheon Technologies (United States), Salt Communications (United Kingdom), Booz Allen Hamilton (United States), CGI Group (Canada), BAE Systems (United Kingdom), Lockheed Martin Corporation (United States), General Dynamics (United States) and Radiance Technologies, Inc. (United States).
Geographic Breakdown and Segment Analysis
The Global Military Cyber Security market presents a comprehensive analysis of the Military Cyber Security market by end-user/application (Network Security, Endpoint Security and Wireless Security), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Military Cyber Security industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Military Cyber Security market
Analyst at AMA have segmented the market study of Global Military Cyber Security market by Type, Application and Region.
Influencing Trend:
Application of AI-enabled Cyber Security Solutions to Improve Threat Intelligence and Protection
Market Growth Drivers:
Rapidly Increasing Adoption of Technological Advancements like IoT Devices, Robotics, Etc. in Defense Sector and Increased Government Spending to Protect Sensitive Networks and Systems from Cyber Attacks
Challenges:
Slow Adoption of Technological Advancements and Cyber Security Solutions in the Underdeveloped Countries
Restraints:
Lack of Skilled Employees Can Restraint the Market Growth
Opportunities:
Development and Use of Offensive IT- or OT-based Attacks by the Hackers
In 2019, FireEye partnered with Perspecta Inc. to enhance cyber operations and global mission support for United States Army Cyber Command (ARCYBER). The deal will enable FireEye to provide cyber threat intelligence operations, defensive cyber operations (DCO), cyberspace incident response, and cyberspace exercise support and training to defend the nation.
Regulatory Insights:
In 2019, the US government and the military took a step to protect sensitive computers from cyber-attacks by adopting advanced solutions.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Military Cyber Security Solution & Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others