The Global Defense Cyber Security Market Size is to grow from USD 13.97 Billion in 2022 to USD 48.78 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 13.3% during the projected period. The increasing adoption of machine-to-machine technologies in the aerospace sector, as well as the increased focus of officials on improving cyber security to combat cyber terrorism, have resulted in the rise of the cyber security market, which is expected to drive the growth of the global Defense cyber security market.
Cybersecurity includes the protection of assets from cybercrime, terrorism, and other network service disruptions that may disrupt daily operations. It can be accomplished by actively monitoring IT assets, exposing outages or malicious movement, and responding quickly to interruptions. Similarly, the defense industry is moving toward the digital age, with increasing digital data generation, storage, and transmission. Cybersecurity solutions assist a defense organization in monitoring, detecting, reporting, and combating cyber threats, which are internet-based attempts to damage or disrupt information systems and hack critical information using spyware and malware, as well as phishing, in order to maintain data confidentiality. The growing use of cloud-based services in defense operations necessitates the implementation of strong cloud security measures. Maintaining information confidentiality, integrity, and availability becomes critical as defense agencies store sensitive data and run critical applications in the cloud. However, costs associated with advanced cybersecurity technologies, skilled personnel, and ongoing maintenance can be significant obstacles.
The hardware segment is expected to grow at a significant pace in the global defense cyber security market during the forecast period.
The growing defense Information Technology (IT) infrastructure modernization programs of governments such as the United States, China, Japan, India, and others can be attributed to the growth of the hardware segment. Rising cyber threats in military subsystems are compelling governments in several countries to strengthen their defense cyber security services through collaboration with key service providers. As a result, the market will grow during the forecast period.
The cyber threat protection segment is expected to hold the largest share of the global defense cyber security market over the forecast period.
The global defense cyber security market is divided into cyber threat protection, threat evaluation, content security, and others based on the solution. Over the forecast period, the cyber threat protection segment is projected to dominate the biggest portion of the global defense cyber security market. Security solutions for cyber threat protection are intended to assist security professionals in defending systems and networks against malware and other specialized cyberattacks.
The application security segment is expected to hold the largest share of the global defense cyber security market over the forecast period.
The global defense cyber security market is segmented by type, including critical infrastructure security and resilience, application security, cloud security, and others. Over the forecast period, the application security segment is projected to command the largest share of the global defense cyber security market. The application security segment is expected to dominate the market due to the various software applications for the defense sector.
North America holds the largest share of the global defense cyber security market in 2022.
The United States was the dominant player, accounting for a sizable portion of the market. North America’s dominant position was primarily due to the region’s robust defense industry, high level of cyber threats, and significant government investments in cybersecurity.
During the forecast period, Asia Pacific is projected to expand at the fastest rate in the global defense cyber security market. The Asia-Pacific defense cyber security market has expanded significantly. Countries such as China, India, Japan, and South Korea have invested heavily in cybersecurity to protect critical infrastructure and sensitive data.
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Defense Cyber Security Market include Lockheed Martin, The Thales Group, BAE Systems, General Dynamics, Northrop Grumman Corporation, Raytheon Technologies, Booz Allen Hamilton, Leonardo, Leidos, L3Harris Technologies and Others.