Defense Cybersecurity Market Growth | Size, Value Share, Worldwide Scenario, Research Study, Regional Analysis, COVID-19 Pandemic Impact and Forecast to 2026

Market Insight

Defense Cybersecurity Market 2020 is rife with significant growth opportunities and can gain traction at a rate of 10.6% between 2019 and 2025 (appraisal period), presumes Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.

Top Boosters and Restraints 

The explosion of highly complex cyber threats in recent years has sent firms and governments reeling, making them realize the risks associated with the use of unauthentic protection networks. Defense enterprises attract several advanced threats that are run by terrorist groups and criminals, prompting them to focus on technological advancements to bolster their cyber security. Increasing investments in services programs for the development of innovative cyber safety solutions for battle-ground communication systems could be highly favorable for the defense cybersecurity market in the ensuing years.

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Over the years, the defense industry has observed dynamic changes, with most developments having taken place in the IT area. This includes up gradation of existing weapons by intelligence, uptake of reconnaissance & surveillance systems and expansion in the volume of sensitive data. This factor has made it necessary to deploy reliable and efficient cyber security software. Apart from this, the increasing superiority of the cyber-attacks in the military sector and rising adoption of remotely operated systems like UGVs and UAVs also add to the market’s momentum.

A major trend that is inducing growth of the defense cyber security market includes the emergence of the defense-specific security software. Businesses are focused on designing more advanced virtual machine technologies, cloud computing solutions and operating systems that are integrated with highly reliable as well as breach free solutions aimed at defending their cyberspace. All these technology-based efforts and activities undertaken by the leading companies are bound to work in the market’s favor. Moreover, many of the renowned vendors are employing strategies like collaborations and acquisitions to achieve long-term profits, boost their product offering and buoy their market position.

For instance, in September 2020, Telefónica Tech acquired iHackLabs, to facilitate the training of its cybersecurity experts, making them more equipped to deal with the rising number of complex cyber threats.

Top Players

Some of the most eminent contenders in the Global Defense Cybersecurity Market are Verizon Communications (US), DXC Technology Company (US), Northrop Grumman Corporation (US), Cisco Systems Inc. (US), Intel Corporation (US), Lockheed Martin Corporation (US), ASELSAN AS (Turkey), Airbus SAS (Netherlands), Thales Group (France), BAE Systems PLC (UK), The Boeing Company (US), SecureWorks Corp. (US), Raytheon Company (US), IBM Corporation (US), Booz Allen Hamilton Inc. (US), to name a few.

Segment Review 

Component and deployment are the top segments, based on which the global market has been extensively covered in the MRFR study.

The key components discussed are services and solution. Solution happens to be the top segment in the global market and could also procure the highest growth rate in the years to follow. Demand for cybersecurity solutions like security and vulnerability management, threat intelligence & response management, managed security, and unified threat management, in the military sector has increased considerably in recent years, which is the reason behind the segment’s dominance.

Deployment-wise, the primary categories are cloud and on-premises. On-premises segment has been in the lead since the year 2020, owing to the accelerated deployment of these solutions for controlling and monitoring various defense systems such as surveillance, intelligence, missiles and fire control, tracking and more. But the cloud segment can observe better growth between 2019 and 2025, as a result of the soaring uptake of cloud-based systems in the military sector worldwide.

Regional Insight 

North America, MEA/Middle East & Africa, Europe, APAC/Asia Pacific, and Latin America are the key markets for defense cybersecurity across the globe.

North America is at present the market leader, in terms of share, and can continue to be at the top of its game during the review timeline. North America houses a huge number of world-renowned vendors like Cisco Systems Inc., Booz Allen Hamilton Inc., Raytheon Company, SecureWorks Corporation, Intel Corporation, and more; a factor that works well for the market. The rising spending by these players on the development of cybersecurity solutions and the intensifying competition between them also enhance the market size in the region.

APAC market’s future prospects seem promising as it is set to advance at a significant rate in subsequent years. The regional market mostly benefits from the surging defense expenditure and the alarming surge in terrorist activities in India, Indonesia, Australia, and China. The defense cybersecurity market’s position is further bolstered by the accelerated spending by the government on the fortification of their security level in the wake of rising national threats.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.