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Defense Cyber Security Market - Global Growth, Trends, and Forecast 2019-2024 - ResearchAndMarkets.com

December 23, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 23, 2019--

The “Defense Cyber Security Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

The defense cyber security market is expected to witness a CAGR of 10.53% over the forecast period 2019 - 2024.

The defense industry has witnessed a dynamic change over the past decade. The growing advancements in information technology, upgradation of existing weapons with intelligence, surveillance, and increasing volume of classified data gathered from various systems have demanded the use of reliable and enhanced cyber security solutions for the defense industry.

Further, with the increasing dependency of military organizations on the internet network, the frequency and sophistication of cyberattacks are on the rise. To counter all these vulnerabilities, there is a major focus on adopting cyber secuirty solutions in the defense sector.

Scope of the Report

Cybersecurity is the protection of internet-connected systems, including hardware, software and data, from cyberattacks. A more connected defense and intelligence world means that warfighters receive more information faster and more accurately than ever. However this increased connectivity also means that there are more opportunities for cyber attacks, data leaks and other IT security breeches.The economy, stability, development and defence of any nation is increasingly dependent on their ability to provide a resilient and secure cyberspace.

Key Market Trends

Growing Severity of Cyber Attacks on Military/Government Organizations

North America will Continue to Dominate the Market

Competitive Landscape

The defense cyber security market is a highly competitive market. Some of the major players of this industry are Northrop Grumman Corporation, Thales S.A., The Boeing Company, IBM Corporation, Cisco Systems Inc., among others. The defense cyber security market is a highly regulated industry that depends on government regulations and initiatives for any change in its dynamics.

The recent developments of the industry are as follows:

MARKET DYNAMICS

Market Drivers

Market Restraints

Industry Value Chain Analysis

Industry Attractiveness - Porter’s Five Force Analysis

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/6cfjf7

View source version on businesswire.com:https://www.businesswire.com/news/home/20191223005233/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DEFENSE SECURITY OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 12/23/2019 06:43 AM/DISC: 12/23/2019 06:43 AM

http://www.businesswire.com/news/home/20191223005233/en