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Defense Cyber Security Market: Increasing cyber-attacks to drive the market.

10-27-2021 10:38 AM CET | Politics, Law & Society

Press release from: Evolve Business Intelligence

Defense Cyber Security Market: Increasing cyber-attacks

The global Defense Cyber Security market size was valued at $15.98 Billion in 2020 and is expected to reach $40.58 Billion by 2028 growing at the CAGR of 11.84% from 2021 to 2028.

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Global Defense Cyber Security Drivers:
A growing number of cyber attacks and an increasing demand for critical computer networks are the main factors that will drive this sector over the next few years. The explosion of reports of cybercrime over the past few years has made many companies acutely aware of the dangers introduced to them through, let's say, "underground networks" or by individual lackadaisicalness.
Cyber-defense businesses sit at the forefront of fighting such threats, which attracts attacks from organized criminal groups as well as terrorist groups such as ISIS. These types of groups tend to launch far more sophisticated and relentless attempts to access servers and information, which will drive the market over the next few years.
Another important factor further fueling demand is a growing pool of cash used for R&D into ways to improve communication systems and network security technology, thus also driving business growth.

Covid-19 Scenario:
● Impact on Market Size
● End-User Trend, Preferences, and Budget Impact
● Regulatory Framework/Government Policies
● Key Players Strategy to Tackle Negative Impact
● Opportunity Window

Global Defense Cyber Security Market Segments:
The global Defense Cyber Security market is further segmented into Offering, Organization, Application, Solution, and geography.
● By Offering: Endpoint security solutions, Network security solutions, Content security solutions

● By Organization Type: On-Premises, Cloud

● By Application: Military, Public utilities, Communication networks, Others

● By Solution: Threat intelligence &response management, Identity &access management, Data loss prevention management, Security and vulnerability management, Unified threat management, Others

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

By geographical region, the defense cyber security market can be segregated into Asia Pacific, North America, Europe, and the Rest of the World. The Asia Pacific was expected to be the fastest developing market over the forecast period owing to increasing spending done by the government to improve their security from national threats in China and India.

North America is projected to capture the largest share of revenue over the forecast period owing to increased government investment and research-and-development funding spent by privately-owned companies based in the United States of America (U.S.).

Key Players of Global Defense Cyber Security Market:
● Northrop Grumman Corporation
● IBM Corporation
● Cisco Systems
● Intel Corporation
● Thales S.A.
● DXC Technology Company
● The Boeing Company
● BAE Systems plc
● SecureWorks Corp.
● Raytheon Company

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Key Questions Answered Through The Report:
● The Impact of COVID-19 on the global market
● What are the potential opportunities for new entrants in the global market
● What is the market Size and Forecast from 2020 to 2028?
● Key Players associated with the global Defense Cyber Security Market
● Value Chain Analysis of Global Defense Cyber Security Market
● What is the CAGR of the global Defense Cyber Security Market from 2021 to 2028
● Major Growth Factor, Challenges, Trends, and Opportunities in the global market
● Key outcomes of SWOT Analysis

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About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advising service that offers creative solutions to a company’s problems. Our market research studies can find data beneficial to micro, small, medium, and large-scale businesses. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool – EvolveBI – provides extremely accurate data. This application tracks real-time statistics from Fortune’s Global 2000 firms, including quarterly performance, annual performance, and recent changes.

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