Market Overview

Defense Cybersecurity Industry is projected to grow USD 28.53 Billion at a CAGR 10.51% by 2020-2030

The most common threat faced all over the globe is cybercrime. The threat is mainly implemented through the internet and is intended to damage or destroy the information systems and attempts to hack critical information by using various modes such as spyware, phishing, or malware. There is a rise in cyber-crimes due to financial gain, political rivalry, foreign competition, defence rivalry, or religious interest. The development in information technology has seen many changes. As technology is improvising, there is an increase in cyber threats also. Therefore, these cyber threats have become a priority of the defence and must be resolved whenever the problem arises.

This is where the importance of the implementation of cybersecurity is known. Whenever the existing equipment with the intelligence, surveillance systems require an update, the sensitive data obtained from various links demands the cybersecurity solutions that are secured. Even though certain cybersecurity solutions are implemented in the new systems, the threat of cyberattack is present. The threat of cyberattack demands cybersecurity solutions and defence has considered this as a priority. The demand for cybersecurity solutions drives the defense cybersecurity market growth.

Key Players:

The defense cybersecurity market key players are Airbus SAS (Netherlands), Aselsan AS (Turkey), BAE Systems plc (UK), Booz Allen Hamilton Inc. (US), Cisco Systems Inc. (US), DXC Technology Company (US), IBM Corporation (US), Intel Corporation (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), SecureWorks Corp. (US), Thales Group (France), The Boeing Company (US), Verizon Communications (US)

Market Segmentation:

The Defense Cybersecurity Industry can be segmented based on component, operation, type, ship type, deployment, and region. According to the operation category, the market is segmented as remotely operated, manned, and autonomous. The type of category is divided into hybrid and fully electric segments.

The component category includes segments like administration and arrangement. The deployment category consists of segments like on-premises and cloud. The segments like energy storage systems, power conversion, power generation, and power distribution come under the systems category. The segments like defence and commercial come under the ship type category. According to the region category, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis:

The arrangement section of the component category has the largest share in the market. This is because of the increased demand for network protection arrangement danger knowledge, oversaw security, weakness on the board, etc. The on-premises segment of the deployment category contributes maximum to the market due to the increase in the utilization of on-premise solutions for control and screening of safeguard networks like reconnaissance, rockets and fire control, knowledge, etc. The North American segment of the regional category dominates the defense cybersecurity market industry.

Industry News

The investments in research and development activities for innovating better solutions for cyber security and eradicating the cyber-crimes will contribute to the market growth. However, the maintenance cost of the cybersecurity systems, issues with device security and regulations restricted by the industry standards, lack of efficient common cyber systems are some of the factors that create hindrances to the market growth. Since cybersecurity is required by all and is most demanded, a suitable solution to reduce the maintenance cost will result in Defense Cybersecurity Industry growth.

Related reports:

Cybersecurity Market Research Report: Information by Component [Solution (Identity & Access Management, Risk & Compliance Management, Unified Threat Management, Disaster Recovery, Firewall, Antivirus, Web Filtering, Data Loss Prevention, Security Information and Event Management and others) and Service (Managed Services, Professional Services-Training & Education, Consulting, Support & Maintenance and Design & Integration)], Organization Size (Large Enterprise and Small and Medium-Sized Enterprise), Deployment-2030

Cyber Insurance Market Research Report: By Component (Solution, Services), Coverage Type (First Party Coverage (Theft and Fraud, Computer Program and Electronic Restoration, Extortion, Forensic Investigation, Business Interruption), Third-Party Coverage (Crisis Management, Credit Monitoring, Regulatory Response, Regulatory Response, Privacy, and Security Liability, Network Security Liability, Media and Communication Liability)), Organization Size (Large Enterprises, SMEs), Vertical (BFSI, IT & Telecom, Retail, Healthcare, Manufacturer-2030

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