Defense Cyber Security Market Future Growth Outlook 2021-2026 | General Dynamics-CSRA, Raytheon Company, SAIC, Lockheed Martin Corporation

The Defense Cyber Security Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Defense Cyber Security market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Defense Cyber Security market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Defense Cyber Security market.

The global defense cybersecurity market was valued at USD 15.85 billion in 2020, and it is expected to reach USD 20.17 billion by 2026, registering a CAGR of 4.22%, during the period of 2021-2026.

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Top Leading Companies of Defense Cyber Security Market are - General Dynamics-CSRA, Raytheon Company, SAIC, Lockheed Martin Corporation, CACI International Inc., L3 Harris Technologies, Northrop Grumman, Booz Allen Hamilton Holding Corp., Viasat Inc., Leidos and others.

Industry News and Updates:

- April 2019 - Jacobs, a global professional services firm, announced the national security solutions provider KeyW for approximately USD 815 million. The KeyW acquisition augments Jacobs mission to expand its aerospace, nuclear, and technology (ANT) division. It would also help Jacobs bolster its U.S. federal cybersecurity solutions market reach.

- April 2019 - The Defense Industrial Base Sector Coordinating Council of the United States announced the chartering of a Supply Chain Cybersecurity Industry Task Force to identify, prioritize, oversee and drive adoption of executable solutions to protect controlled unclassified information throughout the entire supply chain.

- April 2019 - Symantec, the world's leading cyber security company, announced its membership of the United States Department of Defenses (DOD) Defense Industrial Base (DIB) Cybersecurity (CS) program. The DIB CS program is a voluntary cyber threat information-sharing initiative established by the Department to enhance and supplement DIB participants capabilities to mitigate cyber-attacks.

Key Market Trends:

Growing Severity of Cyber Attacks on Military/Government Organizations

- Attacks on governments, businesses, and individuals have increased at an exponential basis. Defense infrastructure is fast becoming a target of choice among both individual and state-sponsored cyber-attackers, who now acknowledge the value of disrupting security systems that were previously considered impenetrable.
- The increased adoption of machine-to-machine technologies in the aerospace domain and the focus of the governments on enhancing cyber security to counter cyber terrorism has led to the growth of the cyber security market in this sector in the past decade.

North America will Continue to Dominate the Market

- North America is expected to retain its position as the largest market for cyber security solutions, over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, and the thriving defense industry is expected to drive the adoption of these solutions further.
- Due to the increasing incidents of cyber attacks in the country, the governments in this region are significantly investing in dealing with these cyber attacks. The recent annual budget plans of the Trump government earmarked more than USD 11 billion for cyber security related initiatives and USD 9.6 billion, specifically for Defense Department Cyber Operations. This has been done due to the increasing number of cyber attacks in the nation.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Defense Cyber Security Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Defense Cyber Security Market (%),2016 - 2026
- Defense Cyber Security Market Share, By Brand
- Defense Cyber Security Market Share, By Company
- Defense Cyber Security Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Defense Cyber Security Market Value Analysis & Forecast
- Promising Defense Cyber Security Development by Major Companies
- Detailed Defense Cyber Security Portfolio of the Major Companies
- Major Deals in the Defense Cyber Security Market
- Major Companies Analysis

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