Global Defense Electronics Security and Cybersecurity Market Value to Reach $51.59bn by 2025

"The global defense electronics security and cybersecurity market value is projected to reach $51.59 billion by 2025, reveals the premium market intelligence study. The study also highlights that the market value is set to witness a CAGR of 9.65% during the period between 2020 and 2025.

The comprehensive study of the global defense electronics security and cybersecurity market extensively covers the following:

• Market share analysis of major companies
• Detailed global and regional market share analysis including the scrutiny of more than 15 countries  
• Detailed cross-sectional market analysis for security type in different regions
• Detailed sections focused on different types of deployment mode, security type, and component
• Company profiling for more than 15 companies

Besides these parameters, the study also encompasses market growth drivers, opportunities, market restraining factors, market share analysis, segmental analysis, key consortiums and associations, patent analysis, and various military programs.

This study indicates that the increase in the defense budget for strengthening military capability, growing demand for border security amidst international disputes, adoption of cloud services in the military, rising cyber threat for military data are some of the factors fueling the growth of the market.

The study highlights various emerging opportunities, such as modernization plan of defense forces, expansion of the facility by the key players, and increasing launch of cybersecurity solutions.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include security type, deployment mode, component, and region. Each of these segments is further categorized into micro-segments to compile an in-depth study.

The security type analysis of the global market includes data analysis of micro-segments such as network security, endpoint security, application security, cloud security, and industrial control system security.

Shipra Jain, Senior Research Analyst, states, "With the help of artificial intelligence, various countries are focusing on improving the capacity of intelligence communications and introducing new systems which are capable of responding and adapting to operational environment to carry out missions without humans. Focusing on such advanced technologies by countries is expected to lead significant opportunities for the players to retain the share in the defense electronics security and cybersecurity market.”

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report include BAE Systems, Northrop Grumman Corporation, Raytheon Technologies Corporation, L3 Harris Corporation, Honeywell Security, Thales Group, Lockheed Martin Corporation, IBM Corporation, Cisco Systems, Symantec Corporation, DXC Technology, Booz Allen Hamilton, Intel Corporation, Airbus S.A.S, and Boeing, among others.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations also offer bespoke research services to help organizations meet their objectives.

Who should buy this report?

• Electronics security and cybersecurity software developers and solution providers for defense industry
• Advisory companies who need to understand the potential of the Defense Electronics Security and Cybersecurity Industry
• Emerging startups that are exploring lucrative opportunities for entering the market
• Private investors who are interested in understanding the business of companies entering the defense electronics security and cybersecurity market
• Various solutions as well as service providers of defense electronics security and cybersecurity

How market intelligence on defense electronics security and cybersecurity can add value to an organization’s decision-making process

• Aid in product development
• Help in targeting a segment for launching a new product
• Offer go-to market strategies for different source types
• Support in diversifying the product portfolio by analyzing risk and progression of technology
• Aid in understanding the military cybersecurity requirements
• Assist in exploring various military cybersecurity contracts
• Support in analyzing the competitors’ geographical scenario

Insightful Questions Covered to Enable Companies take Strategic Decisions

• What are the key drivers, challenges, and opportunities for the defense electronics security and cybersecurity market?
• What are the key market trends and developments in the defense electronics security and cybersecurity market?
• Who are the key players in the defense electronics security and cybersecurity market?
• What are the key developmental strategies implemented by the key players to sustain in the competitive market?
• What is the competitive strength of the key leading players in the defense electronics security and cybersecurity market?
• What different technology patents have been filed in the defense electronics security and cybersecurity market?
• What are the important defense electronics security and cybersecurity solutions and services with their market statistics?
• What are the major ongoing defense programs that are expected to lead to an increase in the adoption of defense electronics security and cybersecurity solutions and services in the upcoming years?
• How is COVID-19 expected to affect the defense electronics security and cybersecurity market in the foreseen future (2020-2025)?
• Which region is expected to lead the defense electronics security and cybersecurity market by the end of the forecast period?
• How is the role of defense agencies regarding cybersecurity issues and safety changing the landscape of the defense electronics security and cybersecurity industry?
• How is the industry expected to evolve during the forecast period 2020-2025?
• Which deployment mode is expected to dominate the defense electronics security and cybersecurity market in the coming years?
• What is the total revenue generated in the global defense electronics security and cybersecurity market by security type in 2019, and what are the estimates by 2025?"

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