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. This report will also analyze factors that influence demand for military IT, data and computing, key market trends, and challenges faced by industry participants.
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Global military IT, data and computing market is estimated to value US$xx.xx Billion in 2017 and is expected to grow at a CAGR of US$ xx.xx to value US$xx.xx Billion by 2027. The cumulative market for global expenditure on military IT, data and computing is estimated at US$xx.xx Billion over the forecast period.A major factor driving expenditure in this sector is the transition of modern warfare, from battlegrounds 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.
Military IT, data and computing market is expected to be dominated by North America, followed by Europe and Asia-Pacific. The US is the highest spender in the global military IT, data and computing market, with a large number of programs being pursued in the areas of enterprise resource planning (ERP) software products, the tactical local area network (TACLAN) family of systems, software support for radars, net-centric networking products, a transition to cloud computing, and cyber security.
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