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Global Defense IT Spending Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 3.59% - ResearchAndMarkets.comThe "Global Defense IT Spending Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. The analysts forecast the Global Defense IT Spending Market to grow at a CAGR of 3.59% during the period 2018-2022. In the defense sector, spending on IT products and services is extensive due to the data-intensive nature of this sector. The defense sector spends primarily on defense cloud computing, data analytics, cybersecurity, software-defined radio, and data collection sensors. The emergence of IoT analytics will be a key trend driving the market growth. IoT analytics is gaining preference in the defense sector due to the need to improve networking and communication systems. With the advent of network automation, IoT has improved and transformed networking and communication systems. The rising ICT investments will drive the market growth. The growing need to provide a secure and efficient communication system drives the investments in ICT in the defens sector. The Ministry of Defense is increasing its investments in countries such as the US, the UK, India, China, Russia, and Australia, to provide advanced ICT infrastructure. Defense data centers must be equipped with disaster recovery solutions to protect classified military data in case of a cyberattack or system failure. The report states that the issue of data security, privacy, and migration will impact the market growth. Vendors in the defense sector are being challenged by data security, privacy, and migration. Defense agencies of several countries are emphasizing on the security of their data owing to the increase in cyberattacks and security breaches in the industry. The advent of Internet gives rise to numerous security issues, driving the need for authorizations at various levels to eliminate such problems. Companies Mentioned
Key Topics Covered: 1: Executive Summary 2: Scope Of The Report 3: Research Methodology 4: Market Landscape 5: Market Sizing 6: Five Forces Analysis 7: Market Segmentation By Solution 8: Customer Landscape 9: Regional Landscape 10: Decision Framework 11: Drivers And Challenges 12: Market Trends 13: Vendor Landscape 14: Vendor Analysis 15: Appendix For more information about this report visit https://www.researchandmarkets.com/research/8xzqrr/global_defense_it?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180703005390/en/ |
