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Defense Cybersecurity Market

Defense Cybersecurity Market by Deployment (On-Premise and Cloud), by Solution (Threat intelligence & Response Management, Identity & Access Management, Data loss Prevention Management, Security & Vulnerability Management, Unified Threat Management, Enterprise risk & Compliance, Managed Security, and Others), and by Application( Military, Public utilities, Communication networks, Others), by Type (Endpoint Security Solutions, Network Security Solutions, and Content Security Solutions), by Region, and Global Forecast 2022-2028

Report Id: SNS/A&D/2438 | July 2022 | Region: Global | 127 Pages

Report Scope & Overview:

Defense Cybersecurity Market Size was valued at USD 20.67billion in 2021 and expected to reach USD 29.86 billion by 2028, and grow at a CAGR of  5.39% over the forecast period 2022-2028.

Various advancements in information technology, as well as the need to update old equipment with intelligence, surveillance, and an increasing volume of sensitive data collected from various networks, have necessitated the employment of secure and better cybersecurity solutions by the military industry. Furthermore, as military organisations become more reliant on the internet network, the frequency and complexity of cyberattacks is increasing. To address all of these risks, the defence industry's adoption of cybersecurity technologies is a top priority. Defense rivalry, political rivalry, money gain, global competition, and radical religious interest are among the primary motivations of cyber criminals.

Defense Cybersecurity Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Current threats posed by organised crime organisations to sensitive infrastructure

  • high-value assets, as well as technological breakthroughs in the information security industry

RESTRAINTS:

  • High maintenance costs, the ongoing need to adapt to industry standards, the difficulties of device security.

  •  the lack of a unified cybersecurity system are all likely to stymie market development.

OPPORTUNITY:

  • Improved active-arms intelligence, paired with identification and surveillance systems, and the rising confidentiality of information-gathering systems, have resulted in the employment of software that effectively strengthens cyber security.

CHALLENGES:

  • The expansion of this market for combating cyber threats has resulted from various expenditures on resources for R&D of cybersecurity solutions.

IMPACT OF COVID-19:

Because cybersecurity is as vital as national security, this industry has the ability to survive in pandemic conditions because every sector has secret data that must be kept secure to prevent theft and exploitation by enemies.

Despite the COVID-19 controversy and anticipated economic uncertainty, the network security business is positioned for long-term growth.

Implementing a remote working strategy due to lockdown places an unanticipated cost on remote networking systems and raises security concerns with operational technology (OT) over vulnerable home network protection.

Tech companies are putting more emphasis on high-demand products and developing new methods to service their customers.

IDC estimates that $103 billion will be spent on information security research in 2019, a 9.4 percent increase over the previous year. This trend is projected to continue as IT corporations make significant efforts in creating security solutions.

On-Premise In 2021, the segment in Global Defense Cybersecurity Market Trends dominated the protection network safety market. The rising utilisation of on-premise solutions for control and screening numerous safeguard frameworks, for example, knowledge, reconnaissance, following, and rockets and firing control, is expected to drive the segment's expansion.

Cloud The segment is expected to grow faster throughout the predicted time frame of 2021 to 2028. This is due to the growing acceptance of the cloud-based platform by tactical offices worldwide.

Attacks on governments, corporations, and individuals increased tremendously. Individual and state-funded cyber-attackers who appreciate the necessity of breaking previously thought-to-be impenetrable security systems are increasingly interested in protection infrastructure. Because of the intricacy of cyber-attacks such as malware and viruses, cybersecurity companies have developed increased defence tactics and apps such as SIM software solutions, NFA (Network Flow Analysis), and IBUTMS (Integrating Simple Unified Threat Management System). All of these techniques can be used to develop a powerful protection system against complex threats. Furthermore, the United States announced the development of supply chain task groups for the Cybersecurity Industry to identify, prioritise, supervise, and encourage the adoption of operational solutions to safeguard the whole supply chain's protected unclassified information.

MARKET PLAYER

The Boeing Company, BAE Systems plc, Secure Works Corp., Lockheed Martin Corporation, Cisco Systems, Intel Corporation, IBM Corporation, Thales S.A., Northrop Grumman Corporation, DXC Technology Company, and other players.

MARKET SEGMENTS:

by Deployment:

  • On-Premise

  • Cloud

by Solution:

  • Threat intelligence & Response Management

  • Identity & Access Management

  • Data loss Prevention Management

  • Security & Vulnerability Management

  • Unified Threat Management

  • Enterprise risk & Compliance

  • Managed Security

  • Others

by Application:

  • Military

  • Public utilities

  • Communication networks

  • Others

by Type:

  • Endpoint Security Solutions

  • Network Security Solutions

  • Content Security Solutions

Defense Cybersecurity Market Segment Chart

REGIONAL ANALYSIS:

North America currently has the largest market for network security arrangements. The strong presence of a few market occupiers, combined with persistent security dangers in the district and a thriving protection industry, is expected to push wider acceptance of these arrangements. Because of the increasing frequency of cyberattacks in the country, the states in this area are pooling their resources to combat these digital assaults.

As a major developed economy, the United States is extremely dependent on the Internet and, as a result, is extremely vulnerable to digital attacks. At the same time, the country possesses extensive defence capabilities as a result of cutting-edge technology and a massive military budget. Noxious hacking from domestic or foreign adversaries remains a constant threat to the United States.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Defense Cybersecurity Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 20.67 Billion
Market Size by 2028 US$ 29.86 Billion
CAGR CAGR of 5.39% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Deployment (On-Premise and Cloud)
• By Solution (Threat intelligence & Response Management, Identity & Access Management, Data loss Prevention Management, Security & Vulnerability Management, Unified Threat Management, Enterprise risk & Compliance, Managed Security, and Others)
• By Application( Military, Public utilities, Communication networks, Others)
• By Type (Endpoint Security Solutions, Network Security Solutions, and Content Security Solutions)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles The Boeing Company, BAE Systems plc, Secure Works Corp., Lockheed Martin Corporation, Cisco Systems, Intel Corporation, IBM Corporation, Thales S.A., Northrop Grumman Corporation, DXC Technology Company, and other players.
DRIVERS • Current threats posed by organised crime organisations to sensitive infrastructure
• high-value assets, as well as technological breakthroughs in the information security industry
OPPORTUNITY • High maintenance costs, the ongoing need to adapt to industry standards, the difficulties of device security.
•  the lack of a unified cybersecurity system are all likely to stymie market development.


Frequently Asked Questions (FAQ) :


Table of Content:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Defense Cybersecurity Market, by Deployment

8.1 On-Premise

8.2 Cloud

 

9.Defense Cybersecurity Market, by Solution

9.1 Threat intelligence & Response Management

9.2 Identity & Access Management

9.3 Data loss Prevention Management

9.4 Security & Vulnerability Management

9.5 Unified Threat Management

9.6 Enterprise risk & Compliance

9.7 Managed Security

9.8 Others

 

10.Defense Cybersecurity Market, by Application

10.1 Military

10.2 Public utilities

10.3 Communication networks

10.4 Others

 

11.Defense Cybersecurity Market, by Type

11.1 Endpoint Security Solutions

11.2 Network Security Solutions

11.3 Content Security Solutions

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 The Boeing Company

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 BAE Systems plc

13.3 Secure Works Corp.

13.4 Lockheed Martin Corporation

13.5 Cisco Systems

13.6 Intel Corporation

13.7 IBM Corporation

13.8 Thales S.A.

13.9 Northrop Grumman Corporation

13.10 DXC Technology Company

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

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