Military Cybersecurity Global Market Report 2024 – By Type (Defensive Cybersecurity, Offensive Cybersecurity), By Platform (Hardware, Service, Software), By Security Type (Network Security, Cyber Threat Intelligence, IT Infrastructure, Logistics And Operation Security, Training Services), 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), By Application (Ground Force, Air Force, Marine Force) – Market Size, Trends, And Global Forecast 2024-2033

Military Cybersecurity Global Market Report 2024

Starting Price : $4000.00 | Pages : 175 | Published : January 2024 | Delivery Time: 2-3 business days | Format : pdf

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Military Cybersecurity Global Market Report 2023

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Military Cybersecurity Market Definition And Segments

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.

The main types of military cybersecurity are defensive cybersecurity and offensive cybersecurity. Defensive cybersecurity refers to anticipating risks rather than only responding when the company is the subject of a cyberattack. The various types of platforms involved are hardware, services, and software. They are used to provide various types of security, such as network security, cyber threat intelligence, IT infrastructure, logistics and operation security, and training services, with various types of solutions including 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, and others. These are used for several applications, including ground forces, air forces, and marine forces.

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

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.

Rising Global Cybersecurity Threats Propel Growth In Military Cybersecurity Market

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.

Rising Defense Budgets A Catalyst For The Surging Growth Of The Military Cybersecurity Market

The growing defense budgets are expected to propel the growth of the military cybersecurity market going forward. Defense budgets refer to the financial plans and resources allocated to a country's military forces for various purposes, such as maintaining peace, security, and defense. Defense budgets allocate a significant portion of their resources to military cybersecurity for developing and deploying tools and techniques to exploit vulnerabilities in adversary networks and systems. For instance, in April 2022, according to the Stockholm International Peace Research Institute, a Sweden-based international institute, the world military budget continued to grow in 2021, reaching an all-time high of $2.1 trillion. Therefore, growing defense budgets are driving the growth of the military cybersecurity market.

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

Innovative Advancements With Systemx Enterprise Cybersecurity Software For Military Applications

Major companies operating in the military cybersecurity market are focused on developing innovative products to sustain their position in the market. For instance, in July 2022, CCX Technologies, a Canada-based manufacturer of a range of products for aerospace OEMs, aircraft maintainers, and military contractors, launched SystemX enterprise cybersecurity software. SystemX Enterprise is the first cyber security solution built for direct interaction with aviation, aerospace, and defense systems to protect their onboard networks from cyber threats. The package includes comprehensive, customizable cyber defense and security software tools, maintenance, and expert integration assistance. SystemX Enterprise is exceptionally versatile and can suit various requirements, especially for diverse automobile platforms.

Innovative Military Cybersecurity Initiatives With M-Kavach 2 App

Major companies operating in the military cybersecurity market are focused on developing innovative technology, such as mobile device security solution, to sustain their position in the market. A mobile device security solution is a set of tools and technologies designed to protect smartphones, tablets, and other portable devices from unauthorized access, malware, data breaches, and other security threats. For instance, in April 2022, the Centre for Development of Advanced Computing (C-DAC), an India-based premier R&D organization of the Ministry of Electronics and Information Technology, launched M-Kavach 2, an Android-based mobile device security solution that assists users in locating security and privacy misconfigurations in their devices and offers guidance on locking the device, encrypting data, configuring notification settings to prevent OTP leaks, and other related topics.

Iron Bow Technologies Strengthens Cybersecurity Portfolio With Acquisition Of Guardsight Inc.

In January 2023, Iron Bow Technologies LLC, a US-based IT solution company, acquired GuardSight Inc. for an undisclosed amount. Through this acquisition, Iron Bow's existing cybersecurity solution portfolio will be expanded by integrating its public-sector cybersecurity engineering expertise with GuardSight's private-sector SECOPS and MDR capabilities. GuardSight Inc. is a US-based cybersecurity provider to military, government intelligence, and enterprise security professionals.

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.

The countries covered in the military cybersecurity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The military cybersecurity market includes revenues earned by entities by providing antivirus software, backup solution, and multi-factor authentication. The market value includes the value of related goods sold by the service provider or included within the service offering. The military cybersecurity market also includes sales of storage secure devices, unmanned aerial vehicles, digital signal processor modules, and aviation night-vision goggles which are used in providing military cybersecurity services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The military cybersecurity market research report is one of a series of new reports from The Business Research Company that provides military cybersecurity market statistics, including military cybersecurity industry global market size, regional shares, competitors with a military cybersecurity market share, detailed military cybersecurity market segments, market trends and opportunities, and any further data you may need to thrive in the military cybersecurity industry. This military cybersecurity market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Military Cybersecurity Market Report Scope

Report Attribute	Details
Market Size Value In 2024	$14.35 billion
Revenue Forecast In 2033	$19.63 billion
Growth Rate	CAGR of 8.2% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	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
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled	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
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