Dec 13, 2017   SOURCE: BusinessWire

The Global Military Cyber Security Market 2017-2027 - To Reach US$13.8 Billion by 2027 - Research and Markets

The "The Global Military Cyber Security Market 2017-2027" report has been added to Research and Markets' offering.

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 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.

Since 2007, the internet has been transformed into a battleground for many modern conflicts, with groups of hackers trying to publicize their cause, and several of these groups acting on behalf of their respective governments in order to disrupt critical processes or steal valuable data.

Global market for military cyber security is projected to be valued at over US$130Billion during the forecast period, and is expected to be dominated by North America, followed by Asia-Pacific and the European markets. North America, which has traditionally been the largest spender in terms of military equipment, is projected to garner a share of nearly 63% in the global military cyber securityarket during 2017-2027. Spending in the region will be largely driven by the US's ongoing and future procurements of cyber security systems.

North America is expected to lead the global cyber security market with a cumulative expenditure of nearly US$82 Billion. The spending in the region will be largely driven by the US's ongoing and future procurement programs, which comprises a large majority of the region's overall investment in cyber security solutions.

Key Topics Covered:

1. Executive Summary

2. Global Military Cyber Security Market - Overview

3. Market Dynamics

4. Military Cyber Security Market - Segment Analysis

5. Regional Review

6. Military Cyber Security Market - Regional Analysis

7. Trend Analysis - Key Defense Markets

8. Key Programs Analysis

Companies Mentioned

  • Airbus
  • BAE Systems
  • Booz Allen Hamilton, CACI International Inc., NetCentrics
  • Camber Corporation
  • Checkpoint Software Technologies
  • Digital Management Inc.
  • General Dynamics
  • KeyW Holding Corporation
  • Lockheed Martin
  • ManTech International Corporation
  • Northrop Grumman
  • Panda Security
  • Raytheon
  • Salient CRGT
  • Thales

For more information about this report visit https://www.researchandmarkets.com/research/pqhdfc/the_global?w=4