How big is the Defense Cyber Security Market?

The Defense Cyber Security Market size is expected to reach USD 22.95 billion in 2024 and grow at a CAGR of 12.82% to reach USD 41.94 billion by 2029. Read More

What is the current Defense Cyber Security Market size?

In 2024, the Defense Cyber Security Market size is expected to reach USD 22.95 billion. Read More

Who are the key players in Defense Cyber Security Market?

General Dynamics-CSRA, Raytheon Technologies Corporation, SAIC, Lockheed Martin Corporation and CACI International Inc. are the major companies operating in the Defense Cyber Security Market. Read More

Which is the fastest growing region in Defense Cyber Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Defense Cyber Security Market?

In 2024, the North America accounts for the largest market share in Defense Cyber Security Market. Read More

What years does this Defense Cyber Security Market cover, and what was the market size in 2023?

In 2023, the Defense Cyber Security Market size was estimated at USD 20.34 billion. The report covers the Defense Cyber Security Market historical market size for years: 2023. The report also forecasts the Defense Cyber Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Defense Cyber SecurityMarket Size & Share Analysis - Industry Research Report

Defense Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Defence Cyber Security Market is segmented by solution (defense solutions, threat assessment, network fortification, and training services) and geography (North America (United States and Canada), Europe (United Kingdom), Asia Pacific (China, Japan, India, South Korea, Australia, Singapore, and the Rest of World). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Defense Cyber Security Industry Overview

The defense cyber security market is highly competitive. Some major players in this industry are Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales S.A., Boeing Company, IBM Corporation, and Cisco Systems Inc., among others. The defense cyber security market is a highly regulated industry that depends on government regulations and initiatives for any change in its dynamics.

In July 2023, Raytheon Company announced a new mentorship agreement with Node.Digital. It is a company specializing in digital transformation, intelligent automation, and artificial intelligence/machine learning services under the Department of Homeland Security's Mentor-Protégé Program, where Raytheon will work with Node.Digital on capturing new business, positioning them to bid as a prime and mitigating program risk. Raytheon will support them in enhancing their capability to participate in advanced programs with complex cybersecurity engineering requirements and Node. Digital will receive guidance on business development strategy, engineering, and strategic planning processes.

In April 2023, SAIC was selected for a USD 889 million contract by the (FEDSIM) in support of (DCSA) in order to develop and implement One IT. IT modernization to DCSA's systems will be carried out by one IT. SAIC (Science Applications International Corporation) is to provide DCSA with support as a prime contractor for One IT to simplify and standardize its information technology environment with a view to ensuring that it is cloud-ready. SAIC’s work will include planning and systems architecture development; digital; network, database, and storage engineering; service desk support; cybersecurity and IT application development and sustainment.