What Has Been the Progress and Growth of the Military Cybersecurity Market in Recent Years?
The military cybersecurity market has seen considerable growth due to a variety of factors.
• There has been considerable expansion in the size of the military cybersecurity market in the past few years. Its growth is projected to continue, increasing from $14.05 billion in 2024 to $15.14 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%.
The growth observed in the historical period can be connected to a variety of factors such as escalated cyber threats, an increase in state-related cyber combat, the need for protection of vital infrastructure, emphasis on confirming information security, and the need to meet regulatory compliance stipulations.
What are the Market Size and Expected Growth Rates for the Military Cybersecurity Market?
The military cybersecurity market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the military cybersecurity market is predicted to exhibit significant expansion in the coming years, reaching $20.91 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%.
The anticipated growth during this forecast period can be ascribed to the scarcity of cybersecurity skills, increased emphasis on supply chain security, the growth of cyber threat avenues, national security needs, and global cooperation in the field of cybersecurity. Foreseen trends during this period encompass quick advancement in technology, the incorporation of AI and machine learning, the integration of IoT and connected technologies, cloud security's application in military operations, and the implementation of a zero trust security framework.
What Are The Leading Drivers Of Growth In The Military Cybersecurity Market?
The surge in cyberattacks is predicted to stimulate the expansion of the military cybersecurity market in the future. Cyberattacks represent illegal attempts to infiltrate computer systems or networks with the intent to provoke damage. These attacks can result in data theft, the intentional disabling of machines, or even the use of compromised computers to launch additional attacks. In order to maintain operational integrity, the military requires the protection of its information resources. Military cybersecurity works to thwart attacks on social networks and secure data, networks, net-centric facilities, and other designated systems. As an example, in April 2023, Parachute Technology, a US-based IT solutions company, reported a 95% surge in cyberattacks on governments globally during the second half of 2022. The average total expense of a data breach within the government's public sector surged by 7.25%, rising from $1.93 million in 2021 to $2.07 million in 2022. Consequently, the escalating occurrence of cyberattacks is fueling the expansion of the military cybersecurity market.
What Are The Key Segments Within The Global Military Cybersecurity Market?
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
Subsegments:
1) By Defensive Cybersecurity: Network Security Solutions, Endpoint Security, Data Protection and Encryption, Intrusion Detection and Prevention Systems (IDPS), Security Information and Event Management (SIEM)
2) By Offensive Cybersecurity: Penetration Testing, Red Teaming, Cyber Warfare Tools, Threat Intelligence and Analysis, Vulnerability Assessment and Exploitation Tools
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How Are New Trends Impacting The Size Of The Military Cybersecurity Market?
In an effort to secure their place in the military cybersecurity market, leading firms are designing and rolling out innovative products. As an example, CCX Technologies, a corporation based in Canada that produces a plethora of items for aerospace OEMs, aircraft maintainers, and military contractors, launched SystemX enterprise cybersecurity software in July 2022. Created for direct interaction with aviation, aerospace, and defense systems, SystemX Enterprise is the first cybersecurity solution offering protection against malware attacks on their onboard networks. The complete package, which is immensely adaptable, includes a range of configurable cyber defense and security software tools, maintenance, and expert assistance with integration, making it suitable for a broad spectrum of automobile platforms in particular.
Who Are the Key Players in the Military Cybersecurity Market?
Major companies operating in the military cybersecurity market include:
• Airbus SE
• Raytheon Technologies Company
• Lockheed Martin Corporation
• International Business Machines Corporation
• Cisco Systems Inc.
• Northrop Grumman Corporation
• BAE Systems plc
• Thales Group
• Leidos Holdings. Inc.
• General Dynamics Mission Systems Inc.
• Booz Allen Hamilton Inc.
• Science Applications International Corporation
• ST Engineering Ltd.
• Israel Aerospace Industries Ltd.
• Perspecta Inc.
• ManTech International Corporation
• CACI International Inc.
• Check Point Software Technologies Ltd.
• Palantir Technologies Inc.
• QinetiQ Group plc
• FireEye Inc.
• Salient CRGT
What are the Regional Insights into the Military Cybersecurity Market?
North America was the largest region in the military cybersecurity market in 2024. 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.
