Global Military IT, Data and Computing Market 2017–2027

Report Hive Market Research Released a New Research Report on Title "Global Military IT, Data and Computing Market 2017–2027" with detailed Analysis, Forecast and Strategies.

The military IT, data and computing market, valued at US$60.0 billion in 2017, is projected to grow at a CAGR of 2.01% over 2017-2027, to US$73.2 billion by 2027. Driven by the derived demand, sector expenditure is expected to be dependent on the networking, cyber security, software, and hardware markets. Growing demand for advanced information technology, the race to acquire cloud-based infrastructure, encrypted data storage systems, and global tactical advanced communication systems are expected to be the primary factors driving the sector.

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Drivers
Network-centric warfare to drive the market
Increase in the number of cyber threats
Growing demand for military embedded computers
Focus on information warfare to lead to increased spending on military IT

Trends
Lightweight computing devices to be more in demand
Growth in cloud computing to enhance cyber security
Offensive cyber weapons and high performance embedded computing
Finding attack patterns and adoption of open source software

Challenges
High costs, schedule overruns and increasing vulnerability of cyber networks
Lack of exhaustive databases on malware and counter measures against cyber weapons
Inability of the traditional military command structure to adapt to the changes in information technology
Table of Contents

Key questions answered in the report

· What will the market size and the growth rate be in 2022?
· What are the key factors driving Military IT, Data and Computing?
· What are the key market trends impacting the growth of Military IT, Data and Computing?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the vendors in Military IT, Data and Computing?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA?
· What are the key outcomes of the five forces analysis of Military IT, Data and Computing?

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