Global Military IT, Data And Computing Market Research 2017-2022
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As most of the major armies prepare themselves for Information Warfare, which which prioritizes usage of information & communication technology to achieve advantage over the opponent. There is expected to be a major focus on spending on military IT, data and computing.
A major factor driving expenditure in this sector is the transition of modern warfare, from the battleground to networks and cyber space, with militaries across the world spending significantly on the development of their defensive and offensive capabilities in the areas of network-centric warfare and cyber security
Enhanced networking capabilities provide a boost to the fighting capabilities of the individual soldier and to those providing logistical support.
The Global Military IT, Data and Computing Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years.
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This Military IT, Data And Computing market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors.
Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
- The global military IT, data and computing market is estimated to value US$60 billion in 2017, and is expected to grow at a CAGR of 2.01% to value US$73.2 billion by 2027.
- In terms of segments, Networking is expected to account for 32.9% of the military IT, data and computing market, followed by Hardware with 28.3% of the market share, Cyber Security and Security comprise remaining of the market, with share of 21.0% and 17.8% respectively.
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