About Defence Cyber Security
Defense cyber security aimed at ensuring safety of defense properties, assets and sensitive information from potential cyber attacks. Growing number of cyber breaches and active state sponsored hackers across the globe are demanding countries across the globe to have effective cyber security solutions.
Attributes | Details |
---|
Study Period | 2018-2022 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 9.8% |
The Defense cyber security Market analysis is profoundly an aggressive market. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Defence Cyber Security market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dell Secure Works [United States], IBM [United States], Intel Security [United States], Symantec [United States], Cisco Systems [United States], Verizon Communications [United States], Dynamics [United States], Lockheed Martin [United States], Raytheon [United States], Finmeccanica [Italy], Northrop Grumman [United States], BAE Systems [United Kingdom] and Thales [France] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dell Technologies [United States], Kaspersky Lab [Russia], Check Point Software Technologies [Israel], Fortinet Technologies Inc. [United States] and FireEye [United States].
Segmentation Overview
AMA Research has segmented the market of Global Defence Cyber Security market by Type (Endpoint Security Solutions, Network Security Solutions and Content Security Solutions), Application (Military, Pubic Utilities, Communication Networks and Others) and Region.
On the basis of geography, the market of Defence Cyber Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Defence Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Threat Intelligence & Response Management will boost the Defence Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Deployment of Defense Security Software and Setting Up of Computer Emergency Response Teams (CERTs)
Market Growth Drivers:
Growing Cyber Threat on Military Organizations and Need to Secure Defense Services Owing to Highly Sensitive Nature It
Challenges:
Low Defense Budgets in Emerging Countries and Rise Accidents of State Sponsored Hackers Groups
Restraints:
Lack of Technical Expertise and High Cost of Defense Security Tools
Opportunities:
Growing Defense Budget in Emerging Countries and Rising Disputes Among Different Countries
Market Leaders and their expansionary development strategies
In May 2023, Boeing acquires Randori, a startup specializing in penetration testing and cyber security assessments. This acquisition is expected to strengthen Boeing's ability to identify and address cyber vulnerabilities in its defense systems.
In April 2023, The DoD released its new cybersecurity strategy, which outlines the department's plans to protect its networks and systems from cyberattacks. The strategy includes a focus on cloud security, data security, and cyber talent development.
Key Target Audience
Defense Cyber Security Service Providers, Government Agencies, Research Institutes, Potential Investors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.