DUBLIN--(BUSINESS WIRE)--The "The Global Military IT, Data and Computing Market 2017-2027" report has been added to Research and Markets' offering.
Global military IT, data and computing market is estimated to value US$60.0 Billion in 2017 and is expected to grow at a CAGR of 2.01% to value US$73.2 Billion by 2027.
The cumulative market for global expenditure on military IT, data and computing is estimated at US$697.4 Billion over the forecast period. A major factor driving expenditure in this sector is the transition of modern warfare, from battlegrounds 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.
Military IT, data and computing market is expected to be dominated by North America, followed by Europe and Asia-Pacific. 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, software support for radars, net-centric networking products, a transition to cloud computing, and cyber security.
Europe is anticipated to emerge as the second largest market for military IT, data and computing, with a major portion of expenditure attributable to the UK, Russia, and France. Asia-Pacific is another major spender in the domain, with most major militaries formulating programs to establish robust communication networks among various tactical units and securing critical networks and infrastructure from cyber espionage.
- Exelis, Inc.
- Booz Allen Hamilton
- Elbit Systems
- SAP AG
- Lockheed Martin
- Northrop Grumman
- BAE Systems
- DRS Tactical Systems
- Dynamic Research Corporation
- General Dynamics
- Hewlett Packard
For more information about this report visit https://www.researchandmarkets.com/research/t6888c/the_global