Cybersecurity is a continual contest in between the attackers and the defenders. Each organization or the company has liabilities than an attacker can misuse to get the access and destroy the system by hacking it. Cyber attackers require to identify and then take the benefit of those security flaws where the defenders are given a task to close them.
Statistics:
The defense cyber security market was valued at US$ 17.3 Bn in 2021 and is forecast to reach a value of US$ 45.4 Bn by 2030 at a CAGR of 11.8% between 2022 and 2030.
Figure 1: Global Defense Cybersecurity Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030
North America held a dominant position in the Defense cybersecurity market Share in 2021
Statistics:
North America held a dominant position in the Defense cybersecurity market in 2021, accounting for 47% share in terms of volume.
Figure 2: Global Defense Cybersecurity Market Share (%), By Region, 2021
Key Developments:
In November 2020, The General Dynamics was given an award about the Defense enterprise office solution agreement by the general service administration in the collaboration with the department of Defense and the agency of the Defense information system agency. Moreover, genera; dynamics information was also awarded a contract by the general services administration.
In October 2020, the SOF IT enterprise contract J is a single award with the whole of approximated value of US$ 364 million. It comprises a yearly based period with the four one year choices. GDIT is thought to design and the execute technology abilities to let the rapid data analysis and the dissemination of the critical operational intelligence in the response to the rising threats.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 17.3 Bn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 11.8% | 2030 Value Projection: | US$ 45.4 Bn |
| Geographies covered: |
|
||
| Segments covered: |
|
||
| Companies covered: |
General Dynamics-CSRA, Booz Allen Hamilton Holding Corp., Northrop Grumman, Raytheon Technologies Corporation, Leidos Holdings Inc., SAIC, Lockheed Martin Corporation, Viasat Inc., CACI International Inc. and L3 Harris Technologies |
||
| Growth Drivers: |
|
||
| Restraints & Challenges: |
|
||
Market Drivers:
Driver 1:
The attacks on the regulatory, trade and the individuals have raised at a very exponential rate over the past 10 years. Construction and the pertaining to the defense is rapid being a target of the choice amidst both the state-sponsored cyber attackers and also the individuals. Therefore, the organization have been noticing the value of the disrupting security system which were earlier regarded as impenetrable.
Driver 2:
The rising adoption in the machine to machine technologies in the aerospace sector and the rising focus of the official on improving the cyber security to counter the cyber terrorism that have led to the rise of the cyber security market which is anticipated to drive the growth of the global Defense cyber security market.
Market Restraint:
Restraint 1:
Where several factors such as seriousness of the cyberattacks on the military regulatory and the rising official initiatives to secure and protect the critical data are although fueling the market however, the low Defense funding priority in some of the regions combined with the ROI metrics is anticipated to hinder the growth of the global Defense cybersecurity market.
Restraint 2:
The four sectors together that were offered to a whole of the ZAR 172 billion in which the defense price was holding only 3%. The housing infrastructure and the buildings were given the topmost priority of the ZAR 71 billion which hold 4% of the whole group and this is anticipated to hinder the growth of the global Defense cyber security market.
Market Opportunities:
Opportunity 1:
The fresh threats and the warnings target the officials every day. To get the cyber benefit official agencies are trying to get industry professionals in the Federal System integrator community to modernize their digital changes plans in the Defense space. The aim on reducing the risk, refurbishing IT infrastructures and the hiring leading quality provide an opportunity for the growth of the global Defense cyber security market.
Opportunity 2:
As per the Center of Strategic and the international studies, the global cyber security workforce absence would cross 1.8 million unfilled positions by the year 2022. Major regulatory officials have responded stating the lack of a national security issue if it is not set very quick. To assist the automate cybersecurity and the make up for the less skills, the system integrators such as Microsoft and several other organizations are employing for the regulatory agencies.
Market Key Takeaways/Trends:
Trend 1:
The UK National Cyber security plan executes the importance of the collaboration amidst the government, academia and the industries in both international and the domestic to fulfil the main aim of the plan by making the UK is one of the safest and protected place in the globe to do the business in the cybersecurity worldwide.
Trend 2:
Ransomware and the DDoS attacks are anticipated to rise further moving in the Defense cybersecurity space over the specific duration and they are rousingly targeting the large organizations in the area where the adoption rate is not so rapid for the cybersecurity solutions. Also, the ransomware as a service offerings and their construction kits have been approximated to fuel this rise.
Competitive Landscape:
Major companies operating the global Defense cybersecurity market are General Dynamics-CSRA, Booz Allen Hamilton Holding Corp., Northrop Grumman, Raytheon Technologies Corporation, Leidos Holdings Inc., SAIC, Lockheed Martin Corporation, Viasat Inc., CACI International Inc. and L3 Harris Technologies
A required step or the process for everyone is detecting the strength of the liabilities in the organization process. Once a defender catches the defect or the threat possessed to the system both the cyber attackers and also the defenders require to understand the best methods to exploit it. A cyber defender requires to go to another step to detect how the risk can be changed and to make that change a very close gap in the defense of the organization.
Market Dynamics:
Navigation and the guidance methods are regarded to be vastly susceptible to the cyberattacks and that can be vastly spread ramifications and thus the computers and the servers for all the types and the ground air borne operations need robust security construction and the infrastructure which is anticipated to drive the growth of the global defence cybersecurity market.
The measures of the cybersecurity that are adopted by the defense organization compulsorily to the capability of defending against the multiple cyber threats, with the adoption of the cloud-computing applications such as the Internet of Things for the defense applications and the attack surface has risen rationally to the sophistication of the criminals in the cybersecurity.
The involvement of the machine learning and the artificial intelligence is assisting the cybersecurity industry to work on the defense against the cybercrime that reacts to the much agility. The technologies are further anticipated to depend upon the attackers for the better understanding for the identification methods.
Key features of the study:
Detailed Segmentation:
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients