The Asia Pacific Defense Cyber Security Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
All data and information transfer inside the armed forces that aids the structured operations, surveillance, military order, and management are known as defense communication. As land-based communication systems evolve, ground-based forces can utilize high-tech wireless technologies and cellphones while moving efficiently as dismounted military personnel and on land vehicles.
Since land-based forces have the highest number of soldiers and operate the most vehicles, militaries of various nations are bolstering their capacity for land-based operations, due to which communication solutions in a smaller form factor that enhances mobility, like manpack radios, which has emerged to counter the rising requirement for encrypted communication on a vast and intricate network of software and hardware to transmit information to people to various locations.
The rising military sending is because of the increasing international conflicts with these significant spending on the military, high-tech tactical communication systems that give discrete, secure, and accurate real-time data transmission. With the increased spending for the communication within the defense sector, the need for defense cybersecurity also arises.
China undertook significant steps to reform its military, motivated in part to shift PLA capabilities from focusing on land-based territorial defense to increasing its power projection to secure China’s strategic interests in cyberspace. One central element of these reforms was the creation of the SSF, which centralized the objective of these broader domains. The SSF was tasked with various strategic capabilities and functions like cyberspace, information warfare, etc. The government of China is working to make the nation a leading power in AI and utilize many innovation-driven strategies for the Chinese military. The increasing usage of AI in the military will be expected to increase cyber security utilization to safeguard data and equipment, thereby surging the defense cyber security market’s expansion.
The China market dominated the Asia Pacific Defense Cyber Security Market by Country in 2021, thereby, achieving a market value of $2,739.7 million by 2028. The Japan market is poised to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The India market is anticipated to grow a CAGR of 8.9% during (2022 - 2028).
Based on Deployment, the market is segmented into On-premise and Cloud. Based on Type, the market is segmented into Endpoint Security, Network Security and Content Security. Based on Offering, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Identity & Access Management, Security & Vulnerability Management, Data loss Prevention Management, Threat intelligence & Response Management, Unified Threat Management, Enterprise risk & Compliance, Managed Security and Others. Based on Application, the market is segmented into Military, Communication Networks, Public Utilities and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Defense Cyber Security Market is Projected to reach USD 33.7 Billion by 2028, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, AT&T Inc., IBM Corporation, BAE Systems plc, Thales Group S.A., DXC Technology Company, Cisco Systems, Inc., Raytheon Technologies, Corporation (Collins Aerospace), Lockheed Martin Corporation, Northrop Grumman Corporation.
By Deployment
By Type
By Offering
By Application
By Country
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