Military Cybersecurity Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.19 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Military Cybersecurity Market Overview
The military cybersecurity market is anticipated to grow from USD 18.75 billion in 2022 to USD 26.75 billion in 2028, registering a CAGR of 7.19% during the forecast period.
The global military cybersecurity market witnessed unprecedented challenges due to the COVID-19 pandemic. The onset of the pandemic led to various countries around the world imposing strict lockdown regulations as well as closing their borders to prevent free trade and supply. This restriction has harmed various software companies in finding the manpower which is essential to design and develop cybersecurity software for military officials. Moreover, with the increase in lay-offs by various companies during the pandemic times has also contributed to one of the major problems which have hindered the development of military cybersecurity applications and software. On the other hand, the decline in the COVID-19 pandemic has led to various governments opening their borders which has led to free trade and supply. In addition, the decline of the global pandemic has also led to an increase in the workforce globally which has led to an increase in the manufacturing of new cybersecurity software with advanced technologies.
In the present scenario, cybersecurity is one of the most critical threats which is being faced by various countries across the globe. Moreover, countries around the world are now keenly focused on developing their defense security norms as a preliminary action against defense cyber security threat management.
Moreover, an expansion in spending on services programs for R&D of cyber safety solutions for the battle-ground communication systems is also expected to fuel the growth of the market during the forecast period.
The high adoption of cloud-based storage solutions is expected to influence the growth of the military cybersecurity market. Also the rise in the investments undertaken by various governments to curb the threat of cyber-attacks and make sure better levels of security solutions are also anticipated to flourish the growth of the military cybersecurity market. Furthermore, the rapid innovations and technological advancements resulting in the accessibility of unmanned vehicles requiring better levels of security services to ensure a reduction of chances of hacking of these products and improved peripherals are also likely to positively impact the growth of the market in the coming years.
Military Cybersecurity Market Trends
The Threat Intelligence and Response Segment is Anticipated to Grow with the Highest CAGR During the Forecast Period
The threat, intelligence, and response segment are expected to show significant growth during the forecast period. The need for the detection of advanced cybersecurity threats coupled with the growth in quick response times to handle such cyber threats will be the major factors leading to the growth of the segment in the coming years. Moreover, the increase in the number of defense expenditures by various countries has led to an increase in spending concerning cybersecurity in recent times.
Threat intelligence, also known as cyber threat intelligence (CTI), is the information that is gathered from a range of sources about current or potential attacks against an organization. The information is analyzed, refined, and organized and then used to minimize and mitigate cybersecurity risks. The main purpose of threat intelligence is to show organizations the various risks they face from external threats, such as zero-day threats and advanced persistent threats (APTs). In terms of military cyber security, threat intelligence includes in-depth information and context about specific threats, such as who is attacking, their capabilities and motivation, and the indicators of compromise (IOCs). Moreover, the segment also includes information related to protecting an organization from external and inside threats, as well as the processes, policies, and tools used to gather and analyze that information.
Key players in the market such as Accenture as well as Thales Group are currently engaged in the development of various software which can help defense personnel worldwide to collect, analyze and then sort all of the data related to a cyber-attack which will lead to a positive outlook shortly and will lead to the growth of the market.
North America Will Showcase Remarkable Growth During the Forecast Period
North America is projected to show the highest growth during the forecast period. The growing defense budget coupled with the increasing need to improve the defensive capabilities in order to prevent cyber attacks will be the main reasons which will lead the market growth in the near future.
According to the data presented by Stockholm International Peace Research Institute (SIPRI), defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2022. According to the SIPRI data, the United States defense spending increased by USD 71 billion from 2021 to 2022, in part due to military aid sent to support Ukraine in its ongoing conflict. Furthermore, in March 2023, the Biden-Harris Administration submitted to Congress a proposed Fiscal Year (FY) 2024 Budget request of USD 842 billion for the Department of Defense (DoD), an increase of USD 26 billion over FY 2023 levels and USD 100 billion more than FY 2022.
Cybersecurity is now at the forefront of policy discussions and planning for future conflicts. In many ways, the cyber threat has leveled the playing field, and that presents unique concerns to the United States. According to the report prepared by the Defense Science Board (DSB) Task Force on Cyber Deterrence, the cyber capabilities of other nations exceed the ability of the United States to defend systems and also that this trend will continue for the next few years. According to the Department of Defense, the United States needs to better address the human side of the cyber security problem, including the frequent security breaches that take place today. Eliminating compliance reports or using technology to automate compliance reports to give people time to patch security vulnerabilities and fix the network will be beneficial in the long run.
In response to the growing cyber threats, the United States Cyber Command has taken a comprehensive and proactive approach hat involves being able to defend forward anywhere in the world, in order to respond to cyber and other threats before they reach the homeland. The Department of Homeland Security (DHS) is responsible for helping Federal Executive Branch civilian departments and agencies secure their unclassified networks (.gov). DHS also works with owners and operators of critical infrastructure and key resources (CIKR). In addition, The US Department of Justice is announcing criminal charges against four MSS hackers addressing activities concerning a multiyear campaign targeting foreign governments and entities in key sectors, including maritime, aviation, defense, education, and healthcare.
The growing need for the United States military to secure their communication channels as well as prevent the leakage of sensitive defense information coupled with the high need to stop cybersecurity attacks before they reach the homeland has led to the United States implementing several policies and investments which shall have a positive outlook in the market in the years to come and also lead to the market growth.
Military Cybersecurity Market Competitive Landscape
The military cybersecurity market is fragmented with the presence of various players who are looking to gain competitive market shares. Some of the prominent players in the market consist of BAE Systems plc., THALES, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, and others.
These companies have expanded their presence in various regions to provide flexible services related to cybersecurity for various defense personnel worldwide. The market attractiveness is envisioned to increase with the increase in defense expenditure as well as the increase in the need for advanced cybersecurity measures to counteract the growing cyber threat worldwide. Moreover, the demand for advanced cybersecurity systems for the military will be generated from original software maker companies who are engaged in the development of advanced software for providing cybersecurity to the military.
Military Cybersecurity Market Leaders
-
THALES
-
Lockheed Martin Corporation
-
General Dynamics Corporation
-
Northrop Grumman Corporation
-
BAE Systems plc
*Disclaimer: Major Players sorted in no particular order
Military Cybersecurity Market Recent Development
In January 2023, NATO announced that they have signed contracts with IBM Belgium and King ICT Croatia to support the organization鈥檚 cybersecurity. These contracts which are valued at USD 31.7 million will cover the integration of cyber defense capabilities and associated configuration services from February until 2025 with an additional two-year option.
In December 2022, the United States Army announced that they want to implement a zero-trust cybersecurity framework as the United States is transforming itself into a data-centric force. Moreover, Raytheon Intelligence and Space demonstrated its Operational Zero Trust platform at the Project Convergence experiment which was hosted by the United States Army in 2022.
Military Cybersecurity Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 Solution
5.1.1 Threat Intelligence and Response
5.1.2 Identity and Access Management
5.1.3 Data Loss Prevention Management
5.1.4 Security and Vulnerability Management
5.1.5 Unified Threat Management
5.1.6 Enterprise Risk and Compliance
5.1.7 Managed Security
5.1.8 Other Solutions
5.2 Deployment
5.2.1 Cloud
5.2.2 On-premise
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle-East & Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Egypt
5.3.5.4 Rest of Middle East & Africa
6. Competitive Landscape
6.1 Vendor Market Share
6.2 Company Profile
6.2.1 BAE Systems plc
6.2.2 THALES
6.2.3 Lockheed Martin Corporation
6.2.4 General Dynamics Corporation
6.2.5 Northrop Grumman Corporation
6.2.6 Raytheon Technologies Corporation
6.2.7 Airbus
6.2.8 IBM Corporation
6.2.9 The Carlyle Group (ManTech International Corporation)
6.2.10 Salient CRGT
7. Market Opportunities and Future Trends
Military Cybersecurity Scope of the Report
Cybersecurity includes the safety of assets from cybercrime, terrorism, and other network service disruptions, which can affect everyday operations. It can be accomplished through active monitoring of IT assets, exposure of outages or malicious movement, and prompt response to interruptions. Similarly, the defense industry is also heading towards the digital world with a growing digital data generation, storage, and also transmission. Cybersecurity solutions help a defense organization to monitor, detect, report, and counter cyber threats that are internet-based attempts to damage or disrupt information systems and hack critical information using spyware and malware, and by phishing, to maintain data confidentiality.
The military cybersecurity market is segmented based on solution, deployment, and geography. By solution, the market is segmented into threat, intelligence, and response, identity and access management, data loss prevention management, security, and vulnerability management, unified threat management, enterprise risk, and compliance, managed security, and other solutions. By deployment, the market has been segmented into cloud and on-premises. By geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts have been provided in value (USD Billion) for all the above segments.
| Solution | |
| Threat Intelligence and Response | |
| Identity and Access Management | |
| Data Loss Prevention Management | |
| Security and Vulnerability Management | |
| Unified Threat Management | |
| Enterprise Risk and Compliance | |
| Managed Security | |
| Other Solutions |
| Deployment | |
| Cloud | |
| On-premise |
| Geography | ||||||
| ||||||
| ||||||
| ||||||
| ||||||
|
Military Cybersecurity Market Research FAQs
What is the current Military Cybersecurity Market size?
The Military Cybersecurity Market is projected to register a CAGR of 7.19% during the forecast period (2024-2029)
Who are the key players in Military Cybersecurity Market?
THALES , Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation and BAE Systems plc are the major companies operating in the Military Cybersecurity Market.
Which is the fastest growing region in Military Cybersecurity Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Military Cybersecurity Market?
In 2024, the North America accounts for the largest market share in Military Cybersecurity Market.
What years does this Military Cybersecurity Market cover?
The report covers the Military Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Military Cybersecurity Industry Report
Statistics for the 2024 Military Cybersecurity market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Military Cybersecurity analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
