Press release
Rising Global Cybersecurity Threats Propel Growth In Military Cybersecurity Market: An Emerging Driver Transforming The Military Cybersecurity Market Landscape
Military Cybersecurity
What Is the Military Cybersecurity Market Size and Projected Growth Rate?
The size of the military cybersecurity market has seen significant growth recently. The market is predicted to increase from a worth of $14.05 billion in 2024 to $15.14 billion in 2025, which represents a compound annual growth rate (CAGR) of 7.7%. Factors that have contributed to this growth during the historic period include the growing threat of cyber-attacks, an increase in state-led cyber warfare, the need to protect vital infrastructure, emphasis on information security, and the need to meet regulatory compliance requirements.
The size of the military cybersecurity market is projected to experience robust growth in the coming years. It is forecasted to reach $20.91 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. This growth throughout the forecast period is due to factors such as a lack of cybersecurity skills, an increased emphasis on supply chain security, the spread of cyber threat vectors, national security needs, and international collaboration in cybersecurity. During this forecast period, key trends will consist of quick advancements in technology, the integration of AI and machine learning, incorporation of IoT and connected technologies, the use of cloud security in military operations, and the implementation of the zero trust security framework.
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What Are the Major Segments in the Military Cybersecurity Market?
The military cybersecurity market covered in this report is segmented -
1) By Type: Defensive Cybersecurity, Offensive Cybersecurity
2) By Platform: Hardware, Service, Software
3) By Security Type: Network Security, Cyber Threat Intelligence, IT Infrastructure, Logistics And Operation Security, Training Services
Subsegments:
1) By Defensive Cybersecurity: Network Security Solutions, Endpoint Security, Data Protection and Encryption, Intrusion Detection and Prevention Systems (IDPS), Security Information and Event Management (SIEM)
2) By Offensive Cybersecurity: Penetration Testing, Red Teaming, Cyber Warfare Tools, Threat Intelligence and Analysis, Vulnerability Assessment and Exploitation Tools
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What Are The Driving Military Cybersecurity Market Evolution?
The escalation in cyberattacks is predicted to drive the expansion of the military cybersecurity market. Cyberattacks, which are unlawful attempts to breach a computer system or network for malicious intent, can pilfer data, purposely disable devices, or employ a compromised system as a springboard for additional offenses. Robust security measures are vital in military operations to ensure the protection of information resources. Military cybersecurity aims to thwart attacks on social platforms, shield data, networks, and net-centric capabilities, and to secure other specified systems. For example, Parachute Technology, a US-based IT solutions firm, reported a 95% surge in cyberattacks on governments worldwide in the latter half of 2022. The mean overall cost of a data breach in the government's public sector rose by 7.25%, escalating from $1.93 million in 2021 to $2.07 million in 2022. Therefore, the rising occurrence of cyberattacks is a key driver in the growth of the military cybersecurity market.
Which Firms Dominate The Military Cybersecurity Market Segments?
Major companies operating in the military cybersecurity market include Airbus SE, Raytheon Technologies Company, Lockheed Martin Corporation, International Business Machines Corporation, Cisco Systems Inc., Northrop Grumman Corporation, BAE Systems plc, Thales Group, Leidos Holdings, Inc., General Dynamics Mission Systems Inc., Booz Allen Hamilton Inc., Science Applications International Corporation, ST Engineering Ltd., Israel Aerospace Industries Ltd., Perspecta Inc., ManTech International Corporation, CACI International Inc., Check Point Software Technologies Ltd., Palantir Technologies Inc., QinetiQ Group plc, FireEye Inc., Salient CRGT
What Trends Are Expected to Dominate the Military Cybersecurity Market in the Next 5 Years?
Main players in the military cybersecurity market are focusing on the creation of unique products to ensure their market tenure. For example, CCX Technologies, a firm from Canada that specializes in manufacturing diverse products for aerospace OEMs, aircraft maintainers, and military contractor markets, unveiled its SystemX enterprise cybersecurity software in July 2022. The SystemX Enterprise platform stands as the inaugural cybersecurity solution specifically designed for direct interaction with aviation, aerospace, and defense systems, offering protection against cyber threats to their onboard networks. The package features a broad range of customizable cyber defense and security software tools, support, and specialized integration assistance. Highlighting its exceptional versatility, SystemX Enterprise can meet a variety of needs, particularly those related to different automobile platforms.
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Which Is The Largest Region In The Military Cybersecurity Market?
North America was the largest region in the military cybersecurity market in 2024. It is expected to be the fastest-growing region in the global military cybersecurity market size forecast period. The regions covered in the military cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Military Cybersecurity Market?
2. What is the CAGR expected in the Military Cybersecurity Market?
3. What Are the Key Innovations Transforming the Military Cybersecurity Industry?
4. Which Region Is Leading the Military Cybersecurity Market?
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