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Global Defense IT Spending Market Growth Prospects, Future Industry Landscape 2032 | Leidos Holdings Inc., International Business Machines Corporation, General Dynamics Corporation
Defense IT Spending Market
Defense IT Spending Market Size, Growth Rate, And Forecast
The global defense IT spending market is expected to grow from $85.26 billion in 2022 to $91.05 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The defense IT spending market is expected to grow to $111.95 billion in 2027 at a CAGR of 5.3%.
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Defense IT Spending Market Drivers
Rising political tensions are expected to propel the growth of the defense IT spending market going forward. Geopolitical tensions are the political concerns that produce tension or turmoil between two or more countries. These tensions can be triggered by a variety of circumstances, including power, commerce, military activities, climate change, or significant events.
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Defense IT Spending Market Segments
1) By Type: Services, Hardware, Software
2) By Force: Defense Forces, Civilian Forces
3) By Application: IT Infrastructure, Cybersecurity, Defense Cloud Computing, Data Analytics, IT Application, Logistics and Assets Management, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Defense IT Spending market.
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Defense IT Spending Market Key Players
Major players in the defense it spending market are Leidos Holdings Inc., International Business Machines Corporation, General Dynamics Corporation, BAE Systems PLC, DXC Technology Company, Dell Inc., Northrop Grumman Corporation, Unisys Corporation, Atos SE, Capgemini SE, Fujitsu Limited, Oracle Corporation, SAP SE, Microsoft Corporation, Amazon Inc., AT&T Intellectual Property, CACI International Inc., and Atkins.
The Business Research Company's "Global Defense IT Spending Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Defense IT Spending Market Include:
1. Executive Summary
2. Defense IT Spending Market Characteristics
3. Defense IT Spending Market Trends And Strategies
4. Defense IT Spending Market - Macro Economic Scenario
5. Defense IT Spending Market Size And Growth
……
27. Defense IT Spending Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Defense IT Spending Market
29. Defense IT Spending Market Future Outlook and Potential Analysis
30. Appendix
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