TechNavio recognizes the following companies as the key players in the Global Defense Cyber Security Market: Lockheed Martin Corp., General Dynamics Corp., Raytheon Co., and BAE Systems plc.
Commenting on the report, an analyst from TechNavio’s IT Security team said: “One of the major trends supporting the growth of the Global Defense Cyber Security market is the introduction of defense-specific security solutions. Some of the vendors such as Lockheed Martin and BAE Systems are introducing cyber security solutions which are specifically developed for the Defense sector. This is encouraging the defense organizations in the developed and developing regions to adopt such specific solutions to provide better dedicated security for their information systems. This is likely to increase the revenue generated, supporting the growth of the Global Defense Cyber Security market.”
According to the report, one of the major drivers in the market is the increased threat of cyber-attacks. As critical data and information are stored in the defense information system, hackers try to retrieve these data. Such threats increase the demand for defense cyber security solutions in countries, which is supporting the growth of the Global Defense Cyber Security market.
Further, the report states that one of the key challenges is the limited defense budgets allocated by the defense organizations in developing regions. Though the overall global cyber security budget of defense organizations is increasing, the contribution of some of the developing and underdeveloped countries to this market is very low. This will affect the revenue generated by these regions, and hence it will affect the growth of the Global Defense Cyber Security market in the future.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Boeing Co., Booz Allen Hamilton Inc., Computer Science Corp., EMC Corp., F-Secure Corp., Hewlett-Packard Co., IBM Corp., Kaspersky Lab, L-3 Communications Corp., McAfee Inc., Microsoft Corp., Northrop Grumman Corp., SAIC Inc., and Symantec Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-defence-cyber-security-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-security
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TechNavio Announces the Publication of its Research Report – Global Defense Cyber Security Market 2012-2016
