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Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
Tuesday, May 28, 2024

PORTLAND, Ore. , May 20, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and 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, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.

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The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.

Prime Determinants of Growth

The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.

Request Sample of the Report on Military Cybersecurity Market Forecast 2033

https://www.alliedmarketresearch.com/request-sample/A323349

(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Russia-Ukraine War Impact Analysis)

    --  123 - Tables
    --  63 - Charts
    --  378 - Pages

Report coverage & details:


                 Report Coverage 
     
              Details



     Forecast Period            
     2023-2033



     Base Year                                                                          2023



     Market Size in 2023                                              
            $15.7 Billion



     Market Size in 2033                                              
            $68.5 Billion



     CAGR                                                                             15.4 %


      No. of Pages in Report                                                              324



     Segments covered           
     Type, Deployment, Solution and Region.



     Drivers                      Increase in demand for defense IT expenditure to drive the
                                    market growth.



     Opportunities              
     Adoption of IoT in Cyber Security Technology



     Restraints                   Limited awareness related to cybersecurity is restricting
                                    the market growth

Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349

The endpoint security solutions segment to maintain its leadership status throughout the forecast period

Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.

Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.

The on-premises segment to maintain its leadership status throughout the forecast period

Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.

The identity and access management segment to maintain its leadership status throughout the forecast period

Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,

Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.

North America to maintain its dominance by 2033

Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.

To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323349

Leading Market Players:

    --  AT&T
    --  BAE Systems
    --  Boeing
    --  Cisco Systems, Inc.
    --  DXC Technology Company
    --  EclecticIQ B.V.
    --  IBM Corporation
    --  Intel Corporation
    --  Lockheed Martin Corporation
    --  Northrop Grumman Corporation
    --  Privacera, Inc.
    --  SentineIOne
    --  Secureworks, Inc.
    --  Thales Group

The report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

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SOURCE Allied Market Research



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