Defense Cybersecurity Market by Deployment (On-Premise and Cloud), by Solution (Threat intelligence & Response Management, Identity & Access Management, Data loss Prevention Management, Security & Vulnerability Management, Unified Threat Management, Enterprise risk & Compliance, Managed Security, and Others), and by Application( Military, Public utilities, Communication networks, Others), by Type (Endpoint Security Solutions, Network Security Solutions, and Content Security Solutions), by Region, and Global Forecast 2023-2030

Defense Cybersecurity Market Report Scope & Overview:

The Defense Cybersecurity Market Size was valued at USD 22.5 billion in 2022 and is expected to reach USD 41.33 billion by 2030 and grow at a CAGR of 7.9% over the forecast period 2023-2030.

Various advancements in information technology, as well as the need to update old equipment with intelligence, surveillance, and an increasing volume of sensitive data collected from various networks, have necessitated the employment of secure and better cybersecurity solutions by the military industry. Furthermore, as military organisations become more reliant on the internet network, the frequency and complexity of cyberattacks is increasing. To address all of these risks, the defence industry's adoption of cybersecurity technologies is a top priority. Defense rivalry, political rivalry, money gain, global competition, and radical religious interest are among the primary motivations of cyber criminals.

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MARKET DYNAMICS

KEY DRIVERS

• Current threats posed by organised crime organisations to sensitive infrastructure

• high-value assets, as well as technological breakthroughs in the information security industry

RESTRAINTS

• High maintenance costs, the ongoing need to adapt to industry standards, the difficulties of device security.

•  the lack of a unified cybersecurity system are all likely to stymie market development.

OPPORTUNITY

• Improved active-arms intelligence, paired with identification and surveillance systems, and the rising confidentiality of information-gathering systems, have resulted in the employment of software that effectively strengthens cyber security.

CHALLENGES

• The expansion of this market for combating cyber threats has resulted from various expenditures on resources for R&D of cybersecurity solutions.

IMPACT OF COVID-19

Because cybersecurity is as vital as national security, this industry has the ability to survive in pandemic conditions because every sector has secret data that must be kept secure to prevent theft and exploitation by enemies.

Despite the COVID-19 controversy and anticipated economic uncertainty, the network security business is positioned for long-term growth.

Implementing a remote working strategy due to lockdown places an unanticipated cost on remote networking systems and raises security concerns with operational technology (OT) over vulnerable home network protection.

Tech companies are putting more emphasis on high-demand products and developing new methods to service their customers.

IDC estimates that $103 billion will be spent on information security research in 2019, a 9.4 % increase over the previous year. This trend is projected to continue as IT corporations make significant efforts in creating security solutions.

On-Premise In 2021, the segment in Global Defense Cybersecurity Market Trends dominated the protection network safety market. The rising utilisation of on-premise solutions for control and screening numerous safeguard frameworks, for example, knowledge, reconnaissance, following, and rockets and firing control, is expected to drive the segment's expansion.

Cloud The segment is expected to grow faster throughout the predicted time frame of 2021 to 2028. This is due to the growing acceptance of the cloud-based platform by tactical offices worldwide.

Attacks on governments, corporations, and individuals increased tremendously. Individual and state-funded cyber-attackers who appreciate the necessity of breaking previously thought-to-be impenetrable security systems are increasingly interested in protection infrastructure. Because of the intricacy of cyber-attacks such as malware and viruses, cybersecurity companies have developed increased defence tactics and apps such as SIM software solutions, NFA (Network Flow Analysis), and IBUTMS (Integrating Simple Unified Threat Management System). All of these techniques can be used to develop a powerful protection system against complex threats. Furthermore, the United States announced the development of supply chain task groups for the Cybersecurity Industry to identify, prioritise, supervise, and encourage the adoption of operational solutions to safeguard the whole supply chain's protected unclassified information.

KEY MARKET SEGMENTATION

By Deployment

• On-Premise

• Cloud

By Solution

• Threat intelligence & Response Management

• Identity & Access Management

• Data loss Prevention Management

• Security & Vulnerability Management

• Unified Threat Management

• Enterprise risk & Compliance

• Managed Security

• Others

By Application

• Military

• Public utilities

• Communication networks

• Others

By Type

• Endpoint Security Solutions

• Network Security Solutions

• Content Security Solutions

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REGIONAL ANALYSIS

North America currently has the largest market for network security arrangements. The strong presence of a few market occupiers, combined with persistent security dangers in the district and a thriving protection industry, is expected to push wider acceptance of these arrangements. Because of the increasing frequency of cyberattacks in the country, the states in this area are pooling their resources to combat these digital assaults.

As a major developed economy, the United States is extremely dependent on the Internet and, as a result, is extremely vulnerable to digital attacks. At the same time, the country possesses extensive defence capabilities as a result of cutting-edge technology and a massive military budget. Noxious hacking from domestic or foreign adversaries remains a constant threat to the United States.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS

The Major Players are Thales Group, Intel Corporation, AT&T Inc., IBM Corporation, Lockheed Martin Corporation, Raytheon Technologies, Northrop Grumman Corporation, BAE Systems Plc., General Dynamics Corporation, Cisco Systems, and Other players.

Thales Group Company-Company Financial Analysis