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Global Military Cybersecurity Market 2019-2023 | 4% CAGR Projection Through 2023 | Technavio

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The global military cybersecurity market is expected to post a CAGR of more than 4% during 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global military cybersecurity market 2019-2023.  (Graphic: Business Wire)

Technavio has announced its latest market research report titled global military cybersecurity market 2019-2023. (Graphic: Business Wire)

The adoption of cloud-based services is high in the defense sector as several defense agencies do not have a security infrastructure. Also, the defense sector is a prime target for cybercrime, which makes it imperative for military organizations to adopt a robust cybersecurity program. With the rising adoption of cloud-based services and cloud data security concerns, demand for military cybersecurity solutions will likely increase during the forecast period.

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As per Technavio, the adoption of AI and machine learning will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Global Military Cybersecurity Market: High Adoption of AI and Machine Learning

The adoption of AI-based solutions is growing at a faster rate in developed countries due to the presence of advanced infrastructure. Also, market vendors are increasing their R&D efforts in machine learning and AI to improve the productivity of their solutions. The adoption of AI and machine learning will reduce the possibility of human error, resulting in effective cybersecurity solutions. This will have a positive influence on the growth of the global military cybersecurity market during the forecast period.

“Emergence of IoT analytics and the advent of cloud computing will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Military Cybersecurity Market: Segmentation Analysis

This market report segments the global military cybersecurity market by type (network security, data security, identity & access, and cloud security) and geography (Americas, APAC, and EMEA).

The Americas region led the market in 2018, followed by APAC and EMEA, respectively. During the forecast period, the Americas region is expected to maintain its dominance over the market. This is due to the increased adoption of connected devices and IoT in the military sector in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.