Press release
2025-2034 Defense IT Spending Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Defense IT Spending
What Is the Expected CAGR for the Defense IT Spending Market Through 2025?
The expenditure on IT in the defense sector market has seen consistent growth over the last few years. Its size is anticipated to increase from $92.68 billion in 2024 to $96.57 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 4.2%. The rise that occurred during the historic span can be credited to concerns regarding cybersecurity, migration towards cloud-based services, advancement in AI and analytics, and incorporation of IoT.
What's the Projected Size of the Global Defense IT Spending Market by 2029?
Expectations of robust expansion are anticipated for the defense IT spending market in the upcoming years. The market is projected to reach $129.87 billion in 2029, representing a compound annual growth rate (CAGR) of 7.7%. Factors contributing to the anticipated growth within this period include the development of autonomous systems, emphasis on mobile solutions, interoperability focus, efforts towards modernization, expansion of IoT, and progress in AI and analytics. Leading trends for the forecast period encompass supply chain security, satellite communication and space-based technologies, AI-powered autonomous systems, emphasis on mobility solutions, integration and interoperability, along with modernization initiatives.
View the full report here:
https://www.thebusinessresearchcompany.com/report/defense-it-spending-global-market-report
Top Growth Drivers in the Defense IT Spending Industry: What's Accelerating the Market?
The escalation of political discord is projected to stimulate the expansion of the defense IT spending market. Geopolitical tensions, which are prompted by various factors such as power, commerce, military operations, climate shifts or significant events, have been causing friction between multiple countries. The escalating geopolitical unease is pushing countries to implement sophisticated IT systems, thus driving up the demand in the defense IT spending market. For example, Uppsala University, a public institution in Sweden, reported in June 2022 that there were 119,000 casualties from organized violence in 2021. This represents a 46 percent rise from the previous year. In 2021, the Uppsala Conflict Data Program (UCDP) at Uppsala University documented 54 separate conflicts involving a state on at least one side. As a result, the increasing geopolitical tension is fueling the growth of the defense IT spending market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8836&type=smp
What Trends Will Shape the Defense IT Spending Market Through 2029 and Beyond?
In the defense IT spending market, one trend that is gaining traction is product innovation. Major firms in the sector focus on creating novel product solutions in an attempt to solidify their market stance. For instance, BAE Systems, a defense IT expenditure firm from the UK, unveiled a new lightweight head-up display, LiteWave, designed for both commercial and military aircraft, in May 2022. The product boasts features that allow it to fit in aircraft with even the most compact cockpit space. It is also 80% quicker to install, and its simplistic design allows for faster and cheaper maintenance. The product signifies the next phase in delivering cutting-edge digital technology to the market and is now ready to begin flight trials for future clientele on commercial and military aircraft.
What Are the Main Segments in the Defense IT Spending Market?
The defense IT spending market covered in this report is segmented -
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
Subsegments:
1) By Services: Consulting Services, System Integration Services, Managed IT Services, Cybersecurity Services
2) By Hardware: Servers And Storage Solutions, Networking Equipment, Communication Devices, Specialized Defense Equipment
3) By Software: Defense Management Software, Cybersecurity Software, Simulation And Training Software, Data Analytics Software
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8836&type=smp
Which Top Companies are Driving Growth in the Defense IT Spending Market?
Major companies operating in the defense IT spending market are Leidos Holdings Inc., accenture* PLC, 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., Atkins, Raytheon Technologies Corp., Lockheed Martin Corporation, Aerojet Rocketdyne Holdings Inc., L3Harris Technologies Inc, Science Applications International Corporation, Kratos Defense & Security Solutions Inc., Mercury Systems Inc., Cubic Corporation, Parsons Corporation, Hewlett Packard Enterprise Development LP, Viasat
Which Regions Will Dominate the Defense IT Spending Market Through 2029?
North America was the largest region in the defense IT spending market in 2024. The regions covered in the defense it spending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8836
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 2025-2034 Defense IT Spending Market Evolution: Disruptions, Innovations, and Untapped Opportunities here
News-ID: 4084770 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Defense
Virtual Reality in Aerospace & Defense Market Virtual Reality in Aerospace & Def …
The global virtual reality (VR) market in aerospace and defense is estimated to be valued at approximately $8.4 billion in 2024, with expectations to around $20.7 billion by 2034, signifying a robust Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period from 2025 to 2034.
The latest report Virtual Reality in Aerospace & Defense Market Share, Size, Growth, Opportunities, and Forecast 2025-2034 This report offers a new perspective…
Elliott Derzaph, Renowned Self-Defense Instructor, Launches His Latest Book "Wom …
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724155810.png
Self-defense training is about the knowledge of how fighting works and how to survive. Women will learn how to utilize their internal power to develop autonomy, confidence, and empowerment. Real World Techniques were designed to teach practical, real-world defense that can be used in a variety of situations.
Los Angeles, California - August 21, 2024 - Women have traditionally shied away from situations where their self-defense [https://consciousdefense.com/] may be…
Missile Defense System Market is in huge demand | Almaz Antey, Kongsberg Defense …
Global Missile Defense System Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to…
Defense Siren Review 2023 (Defense Siren Must Read!) : Shocking Price About Defe …
In the United States of America, thousands of crimes are reported every day. You name it: mugging, theft, sexual assault, and murder. Some of these crimes are reported in the daily newspaper and on news programs.
After reading and watching the news, it's normal to worry about your family. Anytime, anywhere, you or your family could be attacked while driving. Thus, it's crucial to always remain vigilant. However, being aware is…
Door Defense Review 2022: (Buyers Beware!) Is Door Defense Actually Working?
The last thing anyone wants to think about when they are traveling is their security and privacy.
Door Defense provides consumers with a highly portable, secure solution in this regard that can be used in any hotel, Airbnb, dorm, or hostel.
It is also important to remember that even if the product may not be a failsafe defense against every invasion or incursion attempt, it at least gives them a…
Aircraft Communication System Market Global Report 2020 – Rockwell Collins Avi …
Aircraft communication systems use analogue voice and digital data for communication between pilots, members of the crew and passengers during flight. These devices are also used for communication between aircraft. Aircraft communication systems are used to facilitate communications between aircraft and ground units and vice versa.
Get In Depth Sample With Description, Graphs And Charts: https://www.a2zmarketresearch.com/sample?reportId=151555
Aircraft communication system offered by different manufacturers have also been taken into consideration to determine…
