Defense cyber security aimed at ensuring safety of defense properties, assets and sensitive information from potential cyber attacks. Growing number of cyber breaches and active state sponsored hackers across the globe are demanding countries across the globe to have effective cyber security solutions.According to AMA, the market for Defence Cyber Security is expected to register a CAGR of 9.8% during the forecast period to 2024. This growth is primarily driven by Growing Cyber Threat on Military Organizations and Need to Secure Defense Services Owing to Highly Sensitive Nature It.
Globally, a noticeable market trend is evident Deployment of Defense Security Software
. The Application Software sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Dell Secure Works [United States], IBM [United States], Intel Security [United States], Symantec [United States], Cisco Systems [United States], Verizon Communications [United States], Dynamics [United States], Lockheed Martin [United States], Raytheon [United States], Finmeccanica [Italy], Northrop Grumman [United States], BAE Systems [United Kingdom] and Thales [France] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growing Cyber Threat on Military Organizations
- Need to Secure Defense Services Owing to Highly Sensitive Nature It
- Deployment of Defense Security Software
- Setting Up of Computer Emergency Response Teams (CERTs)
- Lack of Technical Expertise
- High Cost of Defense Security Tools
Growing Defense Budget in Emerging Countries and Rising Disputes Among Different Countries
Low Defense Budgets in Emerging Countries and Rise Accidents of State Sponsored Hackers Groups
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