This report provides readers with a comprehensive analysis of the Military IT, Data and Computing market through 2013-2023
Including highlights of the demand drivers and growth stimulators for Military IT, Data and Computing. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.
The global military IT, data, and computing market is estimated to value US$54.2 billion in 2014 and increase at a CAGR of 2.94% during the forecast period, to reach its peak of US$72.4 billion by 2024. The market consists of four categories: networking, software, cyber security, and hardware.
Reasons To Buy
"The Global Military IT, Data and Computing Market 2014-2024 - Market Size and Drivers: Market Profile" allows you to:
- Gain insight into the Military IT, Data and Computing market with current and forecast market values.
- Understand the key drivers and attractiveness parameters of the global Military IT, Data and Computing market.
- Understand the various factors impacting the growth of the Military IT, Data and Computing market.
Table Of Contents
1.1 What is this Report About?
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Global Military IT, Data, and Computing Market Size and Drivers
2.1 Military IT, Data, and Computing Market Size and Forecast 2014-2024
2.1.1 Global military IT, data, and computing market to show positive growth during the forecast period
2.2 Global Military IT, Data and Computing Market - Regional Analysis
2.2.1 North America to drive the demand for the military IT, data and computing market over the forecast period
2.2.2 Focus on Network Centric Warfare by the US to drive the region's market
2.2.3 Military IT, data and computing market to be robust in Europe
2.2.4 Military IT, data and computing market to exhibit a CAGR of 5.63% in the Asia-Pacific region
2.2.5 Spending in the Middle East expected to be driven by an increased focus on networking and cyber security
2.2.6 Brazil and Chile to drive the military IT, data and computing sector in the Latin American region
2.2.7 Markets in Africa expected to increase over the forecast period
2.3 Military IT, Data and Computing Sub-Sector Market Size Composition
2.3.1 Networking segment to account for the highest expenditure in the military IT, data and computing market
2.3.2 Cyber security expected to constitute the second largest segment of expenditure over the forecast period
2.3.4 Hardware expected to register a CAGR of 1.88% during the forecast period
2.4 Demand Drivers and Growth Stimulators
2.4.1 Network centric warfare driving the market
2.4.2 Dynamic nature of cyber threats warrants increased spending on innovative technologies
2.4.3 Demand for military embedded computers to drive the market in major defense spending nations
2.4.4 Cyber security spending to drive the military data, IT and computing sector
2.5 Defense Budget Spending Review
2.5.1 European capital expenditure expected to increase during the forecast period
2.5.2 Asian defense budgets expected to increase at a robust pace
2.5.3 North American defense expenditure projected to increase marginally during the forecast period
2.5.4 Modernization programs likely to drive defense expenditure in South American countries
2.5.5 Military budgets of African countries expected to increase during the forecast period
2.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Financial constraints causing delays in European defense modernization programs
2.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
2.6.3 Global economic slowdown leading to defense budget cuts in the North American region
2.6.4 Need to replace aging equipment driving South American defense expenditure
2.6.5 Security threats increasing the defense budget of African countries
2.6.6 Demand for air defense systems is likely to increase in the Middle East
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