LONDON (BUSINESS WIRE) #ITSecurity The global military cybersecurity market is expected to post a CAGR of
over 4% during the period 2019-2023, according to the latest market
research report by Technavio .
A key factor driving the growth of the market is an increase in the
adoption of cloud-based services. Defense agencies are adopting
cloud-based services for various applications such as authentication
processes, video management, biometric information storage, and big data
computing. The flexibility and scalability of cloud-based solutions help
military forces in meeting their varying needs. Cloud data security is
of paramount importance for these organizations as they generate massive
volumes of data on a daily basis and also need to ensure their security.
The adoption of cloud-based services is increasing as several defense
agencies do not have their own security infrastructure. Moreover, the
military sector is likely to adopt Al-based cybersecurity as it produces
and stores highly sensitive military information. This sector can become
a prime target for cybercrimes, and thus, it is important for military
organizations to protect confidential data from malicious attacks and
threats. Thus, the rising adoption of cloud-based services and growing
cloud data security concerns are expected to lead to the increased
adoption of military-grade cybersecurity solutions.This market research report on the
globalalso provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
In this report, Technavio highlights the high adoption of al and machine
learning as one of the key emerging trends in the global military
cybersecurity market:Global military cybersecurity market: High
adoption of AI and machine learning
The development and adoption of Al and machine learning are expected to
drive economic growth, especially in developed economies, because of the
high degree of automation across all industries. Developed economies are
adopting Al-based solutions at a faster rate than developing countries.
This is mainly because developed countries have a more advanced
infrastructure to support the adoption of new technology. Machine
learning understands and delivers the output in a way that is similar to
human beings, but without the need for extensive programming. Autonomous
vehicles, speech recognition, and advanced web searches are some of the
technologies that use machine learning. Thus, with its growing adoption,
AI will replace human monitoring and analysis, which will eventually
reduce the probability of human error. This will result in more
effective cybersecurity solutions.
“Apart from the high adoption of Al and machine learning, other
factors boosting the growth of the military cybersecurity market are the
emergence of IoT analytics, rapid increase in the use of IoT devices,says a senior analyst at
Technavio for research on IT security.Global military cybersecurity market:
This market research report segments the global military cybersecurity
market by type (network security, data security, identity and access,
and cloud security) and geographical regions (APAC, EMEA, and the
The network security segment led the market in 2018 with a market share
of close to 38%, followed by data security, identity and access, and
cloud security respectively. However, during the forecast period, the
identity and access segment is expected to register the highest
incremental growth, followed by the cloud security segment.Looking for more information on this market?
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Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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