Aviation And Defense Cyber Security Market Report 2024-2033: Market Size, Growth Drivers And Industry Analysis | International Business Machines Corporation, Honeywell International Inc., Cisco Systems Inc., Thales Group

The Business Research Company presents an extensive market research report on the ""Aviation And Defense Cyber Security Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Aviation And Defense Cyber Security industry. This report on Aviation And Defense Cyber Security market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The aviation and defense cyber security market size has grown rapidly in recent years. It will grow from $76.76 billion in 2023 to $87.77 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to increased connectivity, nation-state threats, data breaches, regulatory compliance, economic growth. The aviation and defense cyber security market size is expected to see rapid growth in the next few years. It will grow to $146.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. 

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Key Market Players:

International Business Machines Corporation, Honeywell International Inc., Cisco Systems Inc., Thales Group are prominent players in the Aviation And Defense Cyber Security industry.

Market Drivers:

According to the Aviation And Defense Cyber Security Market Report 2024 by The Business Research Company, Rising cyber-attacks in the aircraft industry are expected to propel the growth of the aviation and defense cybersecurity market going forward. The emergence of digital or connected airplanes, as well as the Internet of Things in airports, introduces new hazards and risks of cyber-attacks, which can be prevented with cyber security. For instance, according to The European Organization for the Safety of Air Navigation, an international organization working to achieve safe and seamless air traffic management across Europe, there was a 530% rise in cyber-attacks between 2020 and 2021, with 775 cyber-attacks against airlines. Therefore, the rising cyber-attacks in the aircraft industry are driving the demand for the growth of the aviation and defense cyber security market.

More information about the Global Aviation And Defense Cyber Security Market Report -
https://www.thebusinessresearchcompany.com/report/aviation-and-defense-cyber-security-global-market-report

Market segments for Aviation And Defense Cyber Security include:

1)By Component: Solution, Service
2)By Deployment: On-Cloud, On-Premise

The report answers the following questions:

What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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