London, 03 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Military Infrastructure and Logistics Market 2015-2019, which is expected to grow at a CAGR of 1.29 percent during 2014-2019.
Developing countries in the BRIC are placing military infrastructure and technology revamp at the top of their priority lists. Increased economic power, as reflected by their growing GDPs, is paving the way for these countries to establish themselves internationally. The relentless increase in spending by these countries is triggering a sense of urgency among other dominant powers. Military operations in different terrains across these landmasses and borders with other hostile countries provide them with ample reason to ramp up their security infrastructure bases.
“One of the major technology trends that will aid the growth of the market is the emergence and growing popularity of NCW-based communication infrastructures,” says Faisal Ghaus, Vice President of TechNavio.
“These infrastructures use IT systems and enable the military to gain a competitive advantage by the networking of information-rich dispersed forces.”
Key Market Drivers
- Infrastructure Modernization Programs by Developed Countries
- Increased Spending by BRIC Countries
- Threats to National Security
- Boosting Support for Military Personnel
Key Market Trends
- Emergence of NCW-based Communication Infrastructure
- Concentration of Global Military Expenditure
- Increased Adoption of IVHMS and COTS Software
Key Market Vendors
- AECOM Technology Corp.
- ANHAM LLC
- Dyncorp International LLC
- KBR Inc.
- Lockheed Martin Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
