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The Global Military IT, Data and Computing Market is Expected Increase to US$80.5 billion by 2026 and Industry Driven by the Growing Demand for Advanced Information Technology System, Key Strategies and Profiles Leading Players

Press Release   •   Oct 05, 2016 13:28 IST

The Global Military IT, Data and Computing Market 2016-2026 Size and Share Published in 2016-06-15 Available for US$ 4800 at Researchmoz.us

Description

During the forecast period, 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

Key Findings

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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Synopsis

The Global military IT, data and computing Market 2016–2026 report offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military IT, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth analysis of the following:

Market size and drivers: detailed analysis during 2016–2026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world

Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of Military IT, Data and Computing segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants

Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand

Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026

Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis

Reasons To Buy

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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Table of Content

Executive Summary

Global Military IT, Data and Computing Market -Overview

Market Dynamics

Demand Drivers: Analysis of factors that trigger spending within the sector

Trends: Prevalent practices, industry consolidation and procurement patterns within the market

Technological Developments : New products, processes and innovations recently inducted within the sector

Key Challenges: Obstacles affecting sector growth

Military IT, Data and Computing Market -Segment Analysis

Segment Analysis: Networking

Market size and CAGR growth analysis, 2016-2026

Change in market share, 2016-2026

Segment Analysis: Cyber Security

Market size and CAGR growth analysis, 2016-2026

Change in market share, 2016-2026

Segment Analysis: Software

Market size and CAGR growth analysis, 2016-2026

Change in market share, 2016-2026

Segment Analysis: Hardware

Market size and CAGR growth analysis, 2016-2026

Change in market share, 2016-2026

Regional Review

Defence capital expenditure

Capexforecast, 2016-2026

Factors influencing military modernization programs

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