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IT is Critical for Military Performance - Global Military IT, Data and Computing Market to Reach $68.8 billion by 2022
By: PR Newswire
Feb. 12, 2013 10:30 AM
FARMINGTON, Conn., Feb. 12, 2013 /PRNewswire-iReach/ -- Software, networking, cyber security and hardware are critical IT components that make or break military performance. Government leaders should ask what they can learn from the IT models employed by vendors and providers themselves and consider the implications for their nation's military IT function.
The global military IT, data and computing market is estimated to increase from $43.7 billion in 2012 to $68.6 billion by 2022 at a compound annual growth rate of 4.6 percent. Market demand is anticipated to be driven by continuous developments and dynamism in areas such as network centric warfare, embedded computing, information security, cloud computing, and cyber security. The global market is expected to achieve a cumulative value of $605 billion during the forecast period. The military IT data and computing market is expected to be dominated by North America, followed by Asia Pacific and Europe. In the wake of a transition of modern warfare, from the battleground to networks and cyber space, countries across the world are spending significantly on the development of their defensive and offensive capabilities in the areas of network centric warfare and cyber security.
Detailed forecasts and qualitative analysis are provided in a new report, "The Global Military IT, Data and Computing Market 2012-2022 - Market Size and Drivers: Market Profile" available from Global Information (GII) on GiiResearch.com.
To request free sample pages from the full document, please visit http://www.giiresearch.com/report/sdi261542-global-military-it-data-computing-market-market.html
The Global Military IT, Data and Computing Market 2012-2022 - Country Analysis: Market Profile
The US is the highest spender in the global military IT data and computing market, with its highest expenditure incurred on enhancing its military networking capabilities, followed by software, hardware, and cyber security. Global expenditure on cyber warfare systems is expected to be robust over the forecast period as developing countries, such as Brazil and India, are now taking significant steps to enhance their capabilities in this domain as part of their national security strategy. Brazil has established a Cyber Warfare Communication Center as a response to numerous attacks on its military networks and India has recently announced plans to train approximately 500,000 cyber warriors over the next five years to protect its networks.
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. This trend is predominantly observed in the US Army, which is the biggest spender in the networking segment globally. The increasing usage of commercial-off-the-shelf (COTS) hardware and software by countries such as the US, China, and India is expected to drive procurements in this segment. COTS components are commercial components used by the military in their readily available form.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/sdi261536-global-military-it-data-computing-market-country.html
The Global Military IT, Data and Computing Market 2012-2022 - Major Programs: Market Profile
This report discusses the various programs conducted by key players in the market, by dividing them into main types of Military IT, Data and Computing. The report offers detailed information regarding quantity procured, country supplying the equipment, delivery period and total contract value.
Use this report to gain a global understanding of the military IT market and take away marketplace insight for a better understanding of the internal and external factors that could potentially affect this industry.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/sdi261540-global-military-it-data-computing-market-major.html
For more market research highlights, technical research news and industry updates, please visit http://www.giiresearch.com/press/
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Information, Inc.
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