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Aviation Cyber Security Market Worth USD 61.85 Billion by 2020PUNE, India, December 17, 2015 /PRNewswire/ -- The report "Aviation Cyber Security Market by Component (Service, Solution), by Deployment (On-Cloud, On-Premise), & by Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) - Forecast to 2020", published by MarketsandMarkets, analyzes and studies major market drivers, restraints, opportunities, and challenges in this market. Browse 68 market data tables with 74 figures spread through 169 pages and in-depth TOC on "Aviation Cyber Security Market - Forecast to 2020" http://www.marketsandmarkets.com/Market-Reports/aviation-cyber-security-market-162505870.html The global aviation cyber security market is projected to reach USD 61.85 Billion by 2020, at a CAGR of 9.34% from 2015 to 2020. This growth is mainly attributed to rise in cyber-threats and cybercrimes by professional attackers on aerospace and defense organizations, thereby creating a threat to the national security. On-cloud deployment to dominate the aviation cyber security market, among all deployment types With the rising cost of on-premise cyber security solutions and difficulty in operational convenience, the demand for on-cloud deployment of cyber security solutions is increasing at a rapid pace. The increased rate of cyber-attacks and hacking across the globe has further propelled the demand for on-cloud deployment. This segment dominates the overall aviation cyber security deployment market, and is expected to continue its dominance over the next five years. Service segment is projected to grow at the highest CAGR during the forecast period The global Aviation Cyber Security Market has been segmented and analyzed in terms of two key components, namely, solution and service. The solution segment dominates the overall market, as of 2015. However, the service segment is projected to grow at a comparatively higher CAGR during the forecast period. This growth is mainly attributed to technological advancements in the field of cyber security services introduced by market players to support passenger traffic and combat the increased severity of cyber-threats. Latin Aerica is projected to grow at the highest CAGR in the aviation cyber security market from 2015 to 2020 The North America region dominates the global aviation cyber security market, as of 2015, followed by Europe. The Latin American region is projected to grow at the highest CAGR during the forecast period. This growth is primarily attributed to the increased usage of internet in Latin America, which has further resulted in rise in number of cybercrimes and cyber-attacks in several Latin America countries such as Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, and Venezuela. These countries have passed cybercrime legislation and created cyber defense systems. These initiatives made by governments in this region are expected to increase the demand for cyber security services and solutions at a rapid pace. Top players in the aviation cyber security market The key players operating in the global aviation cyber security market are Cisco Systems, Inc., International Business Machines Corporation (IBM), Raytheon Company, Northrop Grumman Corporation, and BAE Systems plc. Inorganic growth strategies have been the preferred growth strategies adopted by major players to strengthen their market positions and enhance their product offerings. For instance, in August 2014, International Business Machines Corporation (IBM) acquired Lighthouse Security Group, a premier cloud services provider. This acquisition is expected to help extend IBM's leadership in the cyber security market, and innovate new cyber security solutions and software, thereby assisting clients in protecting critical data. For further Inquiry : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=162505870 The report segments and analyzes the aviation cyber security market on the basis of cyber security component (solution, service), deployment (on-cloud, on-premise), and maps these segments and subsegments across six major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Browse Related Reports Electronic Flight Bag Market by Type (Portable EFB and Installed EFB), Component (Hardware: Class 1, Class 2, and Class 3, Software: Type A, Type B, and Type C), and Geography - Forecast 2015 to 2020 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connect over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arriving and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence SOURCE MarketsandMarkets 
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