Sep 6, 2022
The global military cyber security market was valued at US$14,187 million in 2021 and is projected to grow at a CAGR of 5.8% during the forecast period 2022-2032.
Most nation-states place a high priority on the military
Most nation-states place a high priority on the military since it can be compromised through cyberattacks that are frequently impossible to identify the source of. Cyber-attacks are extremely expensive, have a noticeable effect on the economy, and reduce public confidence in the ability of businesses and the government to protect customer information while still delivering goods and services. Many wars will be fought in the upcoming years using computers, servers, and electronic weapons. Cyber technology frequently combines two functions: offensive and defensive, nonviolent and violent, and legal and unlawful.
NATO Toughens Cyber Stance, Sets Defence Innovation Accelerator
NATO announced on June 29 that it had adopted a new "strategic concept" that identifies Russia as the "most significant and direct threat" to the security and stability of NATO allies, incorporates cybersecurity initiatives more thoroughly into the alliance's strategy, and creates a Defense Innovation Accelerator "to bolster our technological edge." Below those headings, the new proclamation is interspersed with cybersecurity issues and recommendations.
Raytheon Intelligence & Space installs expanded system for protected communications for Air Force
Recently, Raytheon Intelligence & Space completed the installation of the Air Force's first Global Aircrew Strategic Network Terminal (ASNT) system. The terminal system, according to Raytheon representatives, updates current protected communications systems, adds new capabilities for nuclear and non-nuclear command and control, and aids in ensuring reliable communications to provide protected communications systems to nuclear bomber, missile, and support aircraft crews in harsh environments.
How has COVID-19 had a significant negative impact on the Military Cyber Security Market?
Businesses and employees are being pushed like never before to alter the way we work and communicate as a result of the COVID-19 pandemic. Businesses are being compelled to quickly digitise their business processes, establish flexible and remote work environments, communicate with clients online, and handle employee management primarily through digital channels. This presents an opportunity for the cybersecurity industry to respond to the rapidly rising volume of cyberattacks and the rising number of companies needing cybersecurity services. Even before the COVID-19 pandemic affected our lives, there was already a shortage of cybersecurity professionals. Cybersecurity staffing shortages affected nearly two thirds of organisations in 2019, with an estimated 500,000 professionals needed in the U.S. alone.
Forecasts by Deployment (Cloud, On-Premise), by Platform (Services, Software, Hardware), by Security Type (Network Security, Cyber Threat Intelligence, IT Infrastructure, Logistics and Operations Security, Training Services), by Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern AnalysisDownload free sample pages