The Global Military IT, Data and Computing Market 2016-2026

Published: June 2016
No. of Pages: 169
    ReportsandReports

Global military IT, data and computing market is estimated to value US$62.9 Billion in 2016, and is expected to grow at a CAGR of 2.50% to value US$80.5 Billion by 2026. The cumulative market for global expenditure on military IT, data and computing is estimated at US$761.5 Billion over the forecast period. In terms of segments, networking and cyber security are expected to account for 47.4% and 19.9% of the military IT, data and computing market, respectively, followed by software and hardware, with a cumulative share of 32.7%.

A major factor driving expenditure in this sector is the transition of modern warfare, from the battleground to networks and cyber space, with militaries across the world spending significantly on the development of their defensive and offensive capabilities in the areas of network-centric warfare and cyber security.

The military IT, data and computing market is estimated to be led by North America with a share of 47.7% over the forecast period, followed by Asia-Pacific at 26.4%, and Europe at 14%. The Middle Eastern market for military IT, data and computing is expected to account for 9.6%, followed by the Latin American and African markets with a cumulative share of 2.3%.Many countries, such as the US, China, the UK, and Russia, are rapidly developing their network-centric warfare capabilities; this is expected to bring about major changes in war fighting techniques, due to the enhanced fighting capabilities of the military.

The report “The Global Military IT, Data and Computing Market 2016-2026” offers detailed analysis of the global military IT, data and computing market over the next 10 years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for military IT, data and computing.

In particular, it provides an in-depth analysis of the following:
•  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: Analysis of competitive landscape of the global military IT, data and computing industry. It provides an overview of key defense companies, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Companies mentioned in this report: Exelis Inc., Raytheon, Booz Allen Hamilton, Presagis, Elbit Systems, SAP AG, Thales, Lockheed Martin, Northrop Grumman, BAE Systems, DRS Tactical Systems, Dynamic Research Corporation, SAIC, Microsoft, General Dynamics, Hewlett Packard.

Published By: Strategic Defence Intelligence
Product Code: Strategic Defence Intelligence13742


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