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Military Cybersecurity Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

08-07-2024 06:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Military Cybersecurity Market Size

The global market for Military Cybersecurity was estimated to be worth US$ 15230 million in 2023 and is forecast to a readjusted size of US$ 23220 million by 2030 with a CAGR of 6.4% during the forecast period 2024-2030.

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Global key companies providing military cybersecurity include Lockheed Martin, BAE Systems, Raytheon, Northrop Grumman, Thales, Booz Allen Hamilton, ManTech, Cisco Systems, and others. The top eight vendors together account for 50% of the market share, with the largest vendor being Lockheed Martin. At the consumer level, the global market is mainly distributed in North America, Europe, Asia Pacific, the Middle East and Africa, etc. North America holds the largest market share, accounting for 45%. In terms of its product type, military cybersecurity are divided into offensive and defensive, with defensive holding 80% of the market share. In terms of its application, 40% of the market share is used for the Ground Force, 20% for the Air Force, and the rest for the Marine Force.

By Type
• Defensive Cybersecurity
• Offensive Cybersecurity

By Application
• Defensive Cybersecurity
• Offensive Cybersecurity

By Company
Lockheed Martin, BAE Systems, Raytheon, Northrop Grumman, Thales, Booz Allen Hamilton, ManTech, Cisco Systems, SAIC, General Dynamics, L3Harris Technologies, Boeing, IBM, Leidos

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