Frequently asked questions
In 2022, the market for defense cyber security was estimated to be worth USD 22154.5 million.
The market for defense cyber security is anticipated to increase at a CAGR of 8.00% from 2023 to 2030, reaching USD 41006.43 million in 2030.
The most widely used type of cybersecurity solution is application security.
Cloud-based, by deployment mode, is the notable segment.
During the projection period, the military category is anticipated to exhibit the highest CAGR.
North America ruled the defense cyber security market.
The top players include AT&T, BAE Systems, Boeing, Cisco Systems, Inc., DXC Technology Company, EclecticIQ B.V., IBM Corporation, Intel Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Privacera, Inc., Raytheon Technologies Corporation, SentineIOne, Secureworks, Inc., Thales Group, and others.
The drivers accelerating the expansion of the defense cyber security market are the global agreements on cyber behavior, protecting election systems from cyber threats, and joint defense efforts among allied nations.
The challenges limiting the growth of the defense cyber security market are the complexity of defense systems, cyber espionage, nation-state attacks, and complex regulatory compliance.
Defense workers are using mobile devices to access sensitive information more and more. If the devices are misplaced or stolen, there is a chance that this data will be compromised. The need for mobile security solutions is rising as a result. This factor creates opportunities for the defense cyber security sector.