Global Military Cybersecurity Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope Military cybersecurity refers to a collection of actions, procedures, and tools to safeguard sensitive information and computer systems, networks, data, and programs from harm, attacks, and unauthorized access. These cyber security operations are carried out to safeguard data, networks, net-centric capabilities, and other designated systems by spotting, identifying, and responding to intrusions on social networks. Sizing and Forecast The military cybersecurity market size has grown strongly in recent years. It will grow from $13.28 billion in 2023 to $14.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increasing cyber threats, rise in state-sponsored cyber warfare, critical infrastructure protection, focus on information assurance, regulatory compliance requirements. The military cybersecurity market size is expected to see strong growth in the next few years. It will grow to $19.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to cybersecurity skill shortages, heightened focus on supply chain security, proliferation of cyber threat vectors, national security imperatives, international collaboration on cybersecurity. Major trends in the forecast period include rapid technological advancements, AI and machine learning integration, integration of IoT and connected technologies, cloud security for military operations, zero trust security framework. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/military-cybersecurity-global-market-report Segmentation & Regional Insights The military cybersecurity market covered in this report is segmented – 1) By Type: Defensive Cybersecurity, Offensive Cybersecurity 2) By Platform: Hardware, Service, Software 3) By Security Type: Network Security, Cyber Threat Intelligence, IT Infrastructure, Logistics And Operation Security, Training Services 4) By Solution: Threat Intelligence And Response Management, Identity And Access Management, Data Loss Prevention Management, Security And Vulnerability Management, Unified Threat Management, Enterprise Risk And Compliance, Managed Security, Other Solutions 5) By Application: Ground Force, Air Force, Marine Force North America was the largest region in the military cybersecurity market in 2023. It is expected to be the fastest-growing region in the global military cybersecurity market size forecast period. The regions covered in the military cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=10786&type=smp Major Driver Impacting Market Growth An increased number of cyberattacks is expected to propel the growth of the military cybersecurity market going forward. A cyberattack is an attempt to access a computer system or network to cause damage illegally. It can steal data, deliberately disable machines, or utilize a compromised computer as a launching pad for more attacks. The military must have secure information resources to ensure the integrity of its operations. Military cybersecurity prevents attacks on social networks and safeguards data, networks, net-centric capabilities, and other designated systems. For instance, in April 2023, according to Parachute Technology, a US-based IT solutions company, globally, cyberattacks on governments rose by 95% in the second half of 2022. The average overall cost of a data breach in the government's public sector increased by 7.25%, from $1.93 million in 2021 to $2.07 million in 2022. Therefore, an increasing number of cyberattacks is driving the growth of the military cybersecurity market. Key Industry Players Major companies operating in the military cybersecurity market report are Mitsubishi Corporation, Airbus SE, Raytheon Technologies Company, Lockheed Martin Corporation, International Business Machines Corporation, Cisco Systems Inc., Northrop Grumman Corporation, Broadcom Inc., BAE Systems plc, Thales Group, Leidos Holdings, Inc., General Dynamics Mission Systems Inc., Huntington Ingalls Industries, Inc., Booz Allen Hamilton Inc., Science Applications International Corporation, Rheinmetall AG, ST Engineering Ltd., Sopra Steria Group, Israel Aerospace Industries Ltd., ThyssenKrupp AG, Perspecta Inc., The Carlyle Group Inc. ManTech International Corporation, CACI International Inc., Check Point Software Technologies Ltd., Palantir Technologies Inc., QinetiQ Group plc, Hanwha Corporation, FireEye Inc., Salient CRGT, Netcentric Corporation The military cybersecurity market report table of contents includes: 1. Executive Summary 2. Military Cybersecurity Market Characteristics 3. Military Cybers