April 18, 2024
Defense Cyber Security Market

Defense Cyber Security Industry Is Fastest Growing Segment Fueling The Growth Of The Global Defense Cyber Security Market

The global Defense Cyber Security Market is estimated to be valued at US$ 21.62 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Defense cyber security includes securing and defending critical information and infrastructure of military and defense organizations from cyber threats and attacks. It protects sensitive data and platforms from various cyber-attacks such as distributed denial of service (DDOS) attacks, advanced persistent threats (APTs), zero-day exploits, phishing and malware. Defense cyber security solutions aim to ensure reliable network connections and data security for sensitive military communications and operations.

Market Overview:
The Defense Cyber Security Market comprises of various security solutions such as firewall, malware, antivirus, content filtering, data loss prevention and intrusion detection among others. These solutions aim to protect critical infrastructure from sophisticated cyber threats by monitoring networks, safeguarding devices and platforms from malware and blocking unauthorized access. With growing reliance on digital technologies, cyber security has become indispensable for safeguarding sensitive defense information and platforms.

Market key trends:
One of the key trends in the Defense Cyber Security Market is the growing adoption of cloud-based security solutions. Various defense organizations are migrating their workloads and applications to the cloud in order to gain scalability, agility and cost benefits. However, cloud transition elevates risks such as data breaches and vulnerabilities. Therefore, cloud-specific security solutions and services that can monitor workloads hosted in public, private and hybrid cloud environments are gaining significant traction. These cloud security offerings assist in controlling access, encrypting sensitive data, detecting anomalies and securing cloud native applications.
Segment Analysis

The Global Defense Cyber Security Market Growth is segmented into type and application. Based on type, the market is segmented into network security, application security, end-point security, wireless security, cloud security, and others. The network security segment dominates the market and accounted for the largest market share in 2022. This is owing to the growing concern for securing confidential data and systems across various organizations.

Key Takeaways

The global defense cyber security market is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing cybercrimes and growing investments in advanced technologies by defense agencies and government organizations globally.

Regional analysis
North America dominated the defense cyber security market in 2022 with largest market share of around 35%, owing to high adoption of advanced technologies and large presence of key players in the US and Canada. Asia Pacific is expected to witness fastest growth over the forecast period, driven by growing investments from government organizations in emerging economies such as China and India.

Key players
Key players operating in the defense cyber security market are General Dynamics-CSRA, Booz Allen Hamilton Holding Corp., Northrop Grumman, Raytheon Technologies Corporation, Leidos Holdings Inc., SAIC, Lockheed Martin Corporation, Viasat Inc., CACI International Inc. and L3 Harris Technologies.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it