The Global Defense Cyber Security Market is Predict to reach $33.7 Billion by 2028, at a CAGR of 7.3%

Published Date: 31-Jan-2023

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Defense Cyber Security Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Defence Cyber Security Market Market size is expected to reach $33.7 billion by 2028, rising at a market growth of 7.3% CAGR during the forecast period.

The On-premise market acquired the maximum revenue share in the Global Defense Cyber Security Market by Deployment in 2021, achieving a market value of $17.7 billion by 2028. The growth is attributed to the increasing utilization of on-premise answers for screening and controlling various safeguard frameworks. These frameworks generally are reconnaissance, knowledge, following, and rocket & fire control. This technology needs a computer server onsite to run the access control software.

The Network Security market has shown the growth rate of 7.6% during (2022 - 2028). This is because of the military's rising adoption of these solutions to secure themselves from cyberattacks. Network security covers various devices, technologies, and processes. Also, their importance has increased significantly due to the shift towards the remote storage of data. Thus, the need of network security to counter numerous vulnerabilities has increased their utilization and thereby surged the segment's growth in the projected period.

The Solution market is leading the Global Defense Cyber Security Market by Offering in 2021, thereby, achieving a market value of $25.4 Billion by 2028. This is because this software aids in stopping any cyberattack on the user’s system. Modern cyber security software generally contains various layers of security tools, which include cyber security AI solutions and machine learning to build great protection whenever a new cyber-attack happens constantly. These features of the solution will aid the segment’s market expansion during the projected period

The Communication Networks market is showcasing a CAGR of 7.7% during (2022 - 2028). This is due to the fact that various sectors adopt more technologies to enhance their infrastructure and communications. The introduction of new technologies like the cloud and IoT has also increased the attacks on organizations’ digital assets.

The North America market dominated the Global Defense Cyber Security Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11.9 billion by 2028. The Europe market is showcasing a CAGR of 6.6% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 8.2% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Defense Cyber Security Market Segmentation

By Deployment

  • On-premise
  • Cloud

By Type

  • Endpoint Security
  • Network Security
  • Content Security

By Offering

  • Solution
    • Identity & Access Management
    • Security & Vulnerability Management
    • Data loss Prevention Management
    • Threat intelligence & Response Management
    • Unified Threat Management
    • Enterprise risk & Compliance
    • Managed Security
    • Others
  • Services

By Application

  • Military
  • Communication Networks
  • Public Utilities
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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

Unique Offerings from KBV Research

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  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Defense Cyber Security Market Future Scope & Opportunities 2022-2028

Europe Defense Cyber Security Market Size & Growth Forecast 2022-2028

Asia Pacific Defense Cyber Security Market Size, Share & Industry Outlook to 2028

LAMEA Defense Cyber Security Market Growth, Trends & Forecasts 2022-2028

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