Cybersecurity is a practice which is performed so that network, programs, mobile devices, and other application can be protected from any unrequired access or attacks. It is also known as information technology security. Cyber security is important because military, government, business, and medical organizations mostly collect, store, and process most of their data on computers. So, this helps them to protect their data from any unauthorized access and keep their private information secures. Military cyber-security is the collection of technologies based on different military authorities ' criteria and specifications.
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Few of the factors which are responsible for the growth of the global military cybersecurity market in the forecast period of 2019- 2026 are:
The Global Military Cybersecurity Market is segmented on the basis of type, end- point security, solution, and deployment. The type segment of the global military cybersecurity market is divided into network security, application security, end-point security, data security, identity & access, cloud security, and wireless security. On the basis of solution, the global military cybersecurity market is segmented into threat intelligence & response management, identity & access management, data loss prevention management, security & vulnerability management, unified threat management, enterprise risk & compliance, managed security, others. The global military cybersecurity market is also segmented into deployment as cloud, and on-premise.
Many companies are making many launches and acquisition in the market which will help them to strengthen their market position and will also accelerate the demand of the military cybersecurity market. Some of the recent development and acquisition in the market are:
Military Cybersecurity Market is set to witness an estimated value of USD 15 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026
Few of the major competitors currently working in the global military cybersecurity market are Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, General Dynamics Mission Systems, Inc., Thales Group, BAE Systems, Booz Allen Hamilton Inc., CACI International Inc, Airbus,Salient CRGT, DIGITAL MANAGEMENT, LLC, KeyW Corporation, Check Point Software Technologies Ltd., FireEye, Inc., ManTech International Corporation, Radiance Technologies, Inc., Cisco and Symantec Corporation among others.
There is increase in the adoption of cloud- based services and increasing cybersecurity incidents which are affecting the growth of the market positively. Increasing penetration of AI and machine learning is also expected to accelerate the demand of the market. Current technologies and technological advances leading to the introduction of unmanned vehicles requiring a higher level of safety services to reduce the chances of hacking such goods will also accelerate the usage of military cybersecurity in the forecast period of 2019- 2026.
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Global Military Cybersecurity Market – Industry Trends and Forecast to 2026