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Military Cyber Security Market Share

Report ID: GMI9559
Published Date: May 2024
Report Format: PDF

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Military Cyber Security Market Share

Lockheed Martin Corporation, Raytheon Technologies Corporation, and Northrop Grumman Corporation dominate the military cyber security industry holding market share over 25% due to their extensive experience, robust capabilities, and innovative solutions. Lockheed Martin offers comprehensive cyber defense solutions, including threat intelligence, network security, and incident response services. Raytheon Technologies specializes in advanced cybersecurity technologies, such as encryption, secure communications, and threat detection systems, tailored for military applications. Northrop Grumman provides integrated cyber solutions, leveraging its expertise in intelligence, surveillance, and reconnaissance (ISR) technologies to protect military networks and assets from cyber threats.

These companies have established strong relationships with military clients worldwide and possess deep domain knowledge in cybersecurity and defense. Their track record of delivering reliable and effective solutions, coupled with ongoing investments in research and development, enables them to address evolving cyber threats and provide tailored security solutions to meet the unique requirements of military organizations.

Military Cyber Security Market Companies

Major players operating in the military cyber security industry are:

BAE Systems
Cisco Systems, Inc.
L3Harris Technologies
Lockheed Martin Corporation
McAfee, LLC
Northrop Grumman Corporation
Palo Alto Networks, Inc.
Raytheon Technologies Corporation
Symantec Corporation
Thales Group

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Industry size for military cyber security was worth USD 15 billion in 2023 and is projected to expand at over 6.5% CAGR from 2024 to 2032, due to the rising cyber threats, increased defense spending, and advancements in cybersecurity technologies to protect critical military data and infrastructure.

The on-premises deployment segment in the military cyber security industry accounted for 70% revenue share in 2023 and is projected to expand at substantial rate from 2024 to 2032, due to its advantages in data control, compliance, and security.

The solutions offering segment in the military cyber security industry accounted for 75% share in 2023 as they guarantee the availability, confidentiality, and integrity of sensitive data and military activities.

North America industry recorded over 33% share in 2023 and is estimated to depict significant growth between 2024 to 2032, owing to the increasing frequency and sophistication of cyberattacks, along with significant government investments in R&D for innovative cyber security systems.