Rising Demand for Improved and Reliable Cyber Security Solutions to Encourage Growth of IoT in Global Defence Market
The defence market across the globe has witnessed several technological changes in the last few years. Developments in the field of information technology, the rising volume of classified information, and up gradation of existing weaponry with surveillance, intelligence, and reconnaissance systems are expected to encourage the use of the Internet of Things in the global defence market in the coming years. Moreover, the increasing need for improved and reliable cyber security solutions for the defence sector is expected to augment the growth of the overall market throughout the forecast period.
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The growing dependence of the defence sector on internet network is one of the prominent factors expected to boost the demand for adoption of Internet of Things in the defence market. On the basis of product type, the global market for IoT in defence has been categorized into military personnel monitoring and tracking, smart weaponry, and infrastructure and equipment monitoring. Furthermore, the global IoT in defence market has been divided on the basis of geography into India, Japan, Europe, North America, China, and Southeast Asia. The demand, supply, and growth rate of each segment have been included in the research study to give a clear picture of the global IoT in defence market.
The key players in the market are focusing on the designing innovative operating systems, improved cloud computing solutions, and virtual machine technologies. The introduction of these technologies is expected to offer breach-free and highly reliable software systems in order to defend their cyber space against rising cyber-attacks from diverse groups in the near future. Furthermore, the emergence of connected combat systems in the global defence market, thanks to the Internet of Things, is projected to create diverse opportunities for the leading players in the next few years.
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AeroVironment, Textron Systems, Honeywell, Northrop Grumman, Track 24, Freewave, Elbit Systems, Radisys, General Atomics Aeronautical Systems, and Prox Dynamics are some of the prominent players operating in the global market for IoT in defence. The company overview, financial status, SWOT analysis, product portfolio, and recent developments have been included in the research study. Moreover, the key strategies adopted by the prominent players have been highlighted in the study to guide the key players in formulating business policies effectively.
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