Military Cybersecurity Market Size (2024 - 2029)

Military Cybersecurity Market Overview

The military cybersecurity market is anticipated to grow from USD 18.75 billion in 2022 to USD 26.75 billion in 2028, registering a CAGR of 7.19% during the forecast period.

The global military cybersecurity market witnessed unprecedented challenges due to the COVID-19 pandemic. The onset of the pandemic led to various countries around the world imposing strict lockdown regulations as well as closing their borders to prevent free trade and supply. This restriction has harmed various software companies in finding the manpower which is essential to design and develop cybersecurity software for military officials. Moreover, with the increase in lay-offs by various companies during the pandemic times has also contributed to one of the major problems which have hindered the development of military cybersecurity applications and software. On the other hand, the decline in the COVID-19 pandemic has led to various governments opening their borders which has led to free trade and supply. In addition, the decline of the global pandemic has also led to an increase in the workforce globally which has led to an increase in the manufacturing of new cybersecurity software with advanced technologies.

In the present scenario, cybersecurity is one of the most critical threats which is being faced by various countries across the globe. Moreover, countries around the world are now keenly focused on developing their defense security norms as a preliminary action against defense cyber security threat management.

Moreover, an expansion in spending on services programs for R&D of cyber safety solutions for the battle-ground communication systems is also expected to fuel the growth of the market during the forecast period.

The high adoption of cloud-based storage solutions is expected to influence the growth of the military cybersecurity market. Also the rise in the investments undertaken by various governments to curb the threat of cyber-attacks and make sure better levels of security solutions are also anticipated to flourish the growth of the military cybersecurity market. Furthermore, the rapid innovations and technological advancements resulting in the accessibility of unmanned vehicles requiring better levels of security services to ensure a reduction of chances of hacking of these products and improved peripherals are also likely to positively impact the growth of the market in the coming years.

Military Cybersecurity Scope of the Report

Cybersecurity includes the safety of assets from cybercrime, terrorism, and other network service disruptions, which can affect everyday operations. It can be accomplished through active monitoring of IT assets, exposure of outages or malicious movement, and prompt response to interruptions. Similarly, the defense industry is also heading towards the digital world with a growing digital data generation, storage, and also transmission. Cybersecurity solutions help a defense organization to monitor, detect, report, and counter cyber threats that are internet-based attempts to damage or disrupt information systems and hack critical information using spyware and malware, and by phishing, to maintain data confidentiality.

The military cybersecurity market is segmented based on solution, deployment, and geography. By solution, the market is segmented into threat, intelligence, and response, identity and access management, data loss prevention management, security, and vulnerability management, unified threat management, enterprise risk, and compliance, managed security, and other solutions. By deployment, the market has been segmented into cloud and on-premises. By geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts have been provided in value (USD Billion) for all the above segments.