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The defense it spending market is forecasted to grow by USD 26.00 billion during 2024-2029, accelerating at a CAGR of 4.7% during the forecast period. The report on the defense it spending market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by development of autonomous systems, increasing military budgets, and need for secure and resilient communication networks.
The defense it spending market is segmented as below:
By Type
- Service
- Software
- Hardware
By Application
- Cyber security
- IT infrastructure
- Logistic and asset management
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
The report on the defense it spending market covers the following areas:
- Defense IT Spending Market sizing
- Defense IT Spending Market forecast
- Defense IT Spending Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global defense it spending market: Accenture PLC, Amazon.com Inc., BAE Systems Plc, CRON AI, Cubic Corp., CyAmast Pty Ltd., Dell Technologies Inc., General Dynamics Corp., Hewlett Packard Enterprise Co., Holo Light GmbH, International Business Machines Corp., Kratos Defense and Security Solutions Inc., Leidos Holdings Inc., ManTech International Corp., Microsoft Corp, Northrop Grumman Corp., Oracle Corp, Palantir Technologies Inc., Pennant International Group PLC, and Science Applications International Corp. Inc.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is adoption of artificial intelligence (AI) and machine learning (ML)."
According to the report, one of the major drivers for this market is the development of autonomous systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accenture PLC
- Amazon.com Inc.
- BAE Systems Plc
- CRON AI
- Cubic Corp.
- CyAmast Pty Ltd.
- Dell Technologies Inc.
- General Dynamics Corp.
- Hewlett Packard Enterprise Co.
- Holo Light GmbH
- International Business Machines Corp.
- Kratos Defense and Security Solutions Inc.
- Leidos Holdings Inc.
- ManTech International Corp.
- Microsoft Corp
- Northrop Grumman Corp.
- Oracle Corp
- Palantir Technologies Inc.
- Pennant International Group PLC
- Science Applications International Corp. Inc
