Global Military IT, data and computing market is anticipated to be driven by the growing demand for advanced information technology, the race to acquire cloud based infrastructure, encrypted data storage systems, and global tactical advanced communication systems. The military IT data and computing market is expected to be dominated by North America, followed by Asia Pacific and Europe. 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 and software support for radars among others
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Key Findings in Military IT, Data and Computing Industry-
- The Global military IT, data and computing market is expected to be worth US$62.9 billion in 2016 and is expected increase to US$80.5 billion by 2026, representing a CAGR of 2.50% during the forecast period
- The North American region is estimated to account for 47.7% of the total military IT, data and computing market, followed by Asia Pacific and Europe, with shares of 26.4% and 14% respectively. The Middle Eastern region is expected to garner a substantial market share in this sector, accounting for 9.6%, and the remaining 2.3% of the military IT, data and computing market over the forecast period is expected to be constituted collectively by Latin America and Africa
- In terms of segments, networking and cyber security segments are expected to account for 47.4% and 19.9% of the military IT, data and computing market, respectively, followed by software and hardware segments, with a cumulative share of 32.7%
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The Global Military IT, Data and Computing Market 2016-2026 report includes:
- Overview: Snapshot of the military IT, data and computing market during 2016–2026, including highlights of the demand drivers, trends, and challenges. It also provides a snapshot of the expenditure with respect to regions as well as segments.
- Market Dynamics: Insights into the technological developments in the military IT, data and computing market, and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
- Segment Analysis: Insights into the military IT, data and computing market from a segmental perspective and a detailed analysis of factors influencing the market for each sector.
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.
- Regional Analysis: Insights into the military IT, data and computing market from a regional perspective and a detailed analysis of factors influencing the market for each region.
- Trend Analysis: Key Defense Market: Analysis of the key markets in each region, providing an analysis of the military IT, data and computing segments expected to be in demand in each region.
- Key Program Analysis: Details of the top three programs in each segment expected to be executed during the forecast period.
- Competitive Landscape Analysis: Provides an overview of key defense companies, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
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Reasons To Buy Global Military IT, Data and Computing Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global military IT, data and computing market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different Military IT segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global military IT, data and computing market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the Military IT, Data and Computing market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Military IT, Data and Computing service providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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