Global Military Cyber Security Industry: Network security Segment to Contribute about 38.5% Market Share

“Global Military Cyber Security Market 2017-2027”
The Global Military Cyber Security Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military cyber security, key market trends, and challenges faced by industry participants.

The global military cyber security market, valued at US$9.8 billion in 2017, is projected to grow at a CAGR of 3.53% over the forecast period, to reach US$13.8 billion by 2027 and cumulatively value US$130.7 billion. The market consists of four categories. Network security, data security, identity and access, and cloud security. The market is expected to be dominated by network security, which will account for 38.5% of the market, followed by the data security and identity and access segments with shares of 25.6% and 19.3% respectively.

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Reason to Buy:

  • Determine prospective investment areas based on a detailed trend analysis of the global military cyber security market over the next ten years
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  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
  • Identify the major channels that are driving the global military cyber security market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the global military cyber security market
  • Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top military cyber security providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available

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Globally, countries are spending on technologies in order to secure internet protocols, improve capabilities to model the effects of cyber attacks, test software, and analyze vulnerabilities, as well as information system insider threat-detection models and mitigation technologies. Moreover, cyber attacks are now not only limited to nations but have extended to terrorist groups, organized crime, hackers, industrial spies, and foreign intelligence services. As such, the changing dynamics of cyber threats and increased demand for cyber weapons is expected to stimulate growth over the forecast period.

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