World Military Cyber Security Market to Post 3.53% CAGR by 2027, States SDI in Its In-demand Study Published at MarketPublishers.com15 Dec 2017 • by Natalie Aster
LONDON – Globally, nations are spending on technologies to secure IPs, enhance capabilities to model the impact of cyber attacks, test software, and assess vulnerabilities, as well as mitigation technologies and information system insider threat-detection models. Furthermore, cyber attacks are currently not only confined to nations but have extended to terror organisations, organised crime activity, hackers, industrial spies, and foreign intelligence agencies. In this regard, the changing dynamics of cyber-threats and surging demand for cyber arms is projected to propel the growth in the offing.
Worldwide, the military cyber security market is projected to expand from USD 9.8 billion as of 2017 to amount to USD 13.8 billion by 2027, at a 3.53% CAGR, reaching a cumulative value of USD 130.7 billion.
Network security is anticipated to lead the market, grabbing a share of 38.5% of the overall market. The data security and identity and access segments follow after, capturing shares of 25.6% and 19.3%, respectively.
In-demand publication “The Global Military Cyber Security Market 2017-2027” drawn up by SDI offers a detailed analysis of the market worldwide, highlighting the demand drivers and growth propellers. It sheds light on the expenditure and modernisation patterns of various regions of the world.
The report examines the technological developments and offers a granular evaluation of the fluctuating preferences of the market segments globally. It offers an insightful discussion of the trends of the dynamic industry structure and the challenges faced by market players. The study offers an all-round analysis of the market across various key regions, identifying the key market segments that are projected to be in demand. It offers unbiased information on major programs in each segment, which are set to be carried out over the forecast period. The research report explores the competitive landscape, and also gives an all-round overview of the prominent players, alongside details about key alliances, strategic incentives, and financials.
A complete collection of the topical research reports created by this publisher is at hand in the SDI online catalogue at MarketPublishers.com.