PORTLAND, Ore., May 20, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Military
Cybersecurity Market by Type (Endpoint Security Solutions, Network
Security Solutions, Content Security Solutions), Deployment
(On-Premises, Cloud), and Solution (Threat Intelligence and
Response Management, Identity and Access Management, Data Loss
Prevention Management, Security and Vulnerability Management,
Unified Threat Management, Enterprise Risk and Compliance, Managed
Security, Others): Global Opportunity Analysis and Industry
Forecast, 2024-2033". According to the report, the military
cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach
$68.5 billion by 2033, growing at a
CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors
such as growing demand for end-point security solutions and surge
in cyber-attacks which are increasing need for military
cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors
such as an increase in demand for defense IT expenditure. Adoption
of IoT in cyber security technology provides lucrative growth
opportunities. On the other hand, limited awareness related to
cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity
Market Forecast 2033
https://www.alliedmarketresearch.com/request-sample/A323349
(We are providing Military
Cybersecurity Industry report as per your research
requirement, including the Latest Industry Insight's Evolution,
Potential and Russia-Ukraine War Impact Analysis)
- 123 - Tables
- 63 - Charts
- 378 – Pages
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$15.7
Billion
|
Market Size in
2033
|
$68.5
Billion
|
CAGR
|
15.4 %
|
No. of Pages in
Report
|
324
|
Segments
covered
|
Type, Deployment,
Solution and Region.
|
Drivers
|
Increase in demand for
defense IT expenditure to drive the market growth.
|
Opportunities
|
Adoption of IoT in
Cyber Security Technology
|
Restraints
|
Limited awareness
related to cybersecurity is restricting the market
growth
|
Procure Complete Report (323 Pages PDF with Insights, Charts,
Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its
leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the
highest market share in 2023, accounting for more than two-fifths
of the global military cybersecurity market revenue and is
estimated to maintain its leadership status throughout the forecast
period.
Endpoint security solutions are undergoing continuous evolution
to combat the ever-changing landscape of cybersecurity threats. One
prominent trend is the widespread adoption of Endpoint Detection
and Response (EDR) solutions. EDR offers real-time monitoring of
endpoint activities, allowing for swift detection and response to
advanced threats.
The on-premises segment to maintain its leadership status
throughout the forecast period
Based on deployment, the on-premises segment held the highest
market share in 2023, accounting for more than half of the global
military cybersecurity market and is estimated to maintain its
leadership status throughout the forecast period. However, the
cloud segment is projected to manifest the highest CAGR of 15.88%
from 2023 to 2033. Moreover, cloud computing offers advanced
security features and capabilities that strengthen military
cybersecurity defense. Leading cloud service providers invest
heavily in robust security measures, such as encryption, identity
and access management, and threat detection, to protect data and
applications hosted in the cloud.
The identity and access management segment to maintain its
leadership status throughout the forecast period
Based on solution, the identity and access management segment
held the highest market share in 2023, accounting for nearly
one-fifth of the global military cybersecurity market and is
estimated to maintain its leadership status throughout the forecast
period. Moreover,
Identity and access management (IAM) plays a crucial role in
military cybersecurity by ensuring that only authorized personnel
can access sensitive information and critical systems. IAM
encompasses processes, policies, and technologies designed to
manage digital identities, control access to resources, and protect
against unauthorized access and insider threats.
North America to maintain
its dominance by 2033
Based on region, North America
held the highest market share in terms of revenue in 2023,
accounting for more than half of the global military cybersecurity
market revenue and is likely to dominate the market during the
forecast period. The advancements in sensor technology, artificial
intelligence, and communication systems have contributed to the
evolution of military cybersecurity, enabling greater autonomy,
flexibility, and effectiveness in engaging both stationary and
moving targets with reduced collateral damage.
To Talk With Our Industry Expert
@ https://www.alliedmarketresearch.com/connect-to-analyst/A323349
Leading Market Players:
- AT&T
- BAE Systems
- Boeing
- Cisco Systems, Inc.
- DXC Technology Company
- EclecticIQ B.V.
- IBM Corporation
- Intel Corporation
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Privacera, Inc.
- SentineIOne
- Secureworks, Inc.
- Thales Group
The report provides a detailed analysis of these key players in
the global military cybersecurity market. These players have
adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive scenario.
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