Defense IT Spending Market Growth, Share, Key Players, and Forecast 2023-2028

According to IMARC Group's latest research report, titled "Defense IT Spending Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights into the defense IT spending market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global defense IT spending market size reached US$ 92.9 Billion in 2022 Looking forward, IMARC Group expects the market to reach US$ 120.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Defense IT Spending Market Outlook:

Defense IT spending refers to the budget defined by governments or military organizations for the development, procurement, and implementation of information technology systems and solutions that support their defense and national security operations. This includes software, hardware, network infrastructure, and services, such as maintenance, support, and training. It helps transmit, generate, track, route military communications, and assist in collecting shipborne, airborne, land-based radio detection and ranging (RADAR), and other signals within the electromagnetic spectrum. In recent years, defense IT spending is gaining traction to ensure national security across the globe.

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Global Defense IT Spending Market Trends:

One of the primary factors driving the market is the rising prevalence of cyber-attacks. Additionally, the increasing political tensions in numerous countries have augmented the demand for security and countermeasure systems, which is positively influencing the market growth. Besides this, the widespread adoption of augmented reality (AR) or virtual reality (VR) technologies to provide battlefield or flight simulations is also propelling the market growth. In line with this, the employment of advanced technologies, such as cloud computing, 5G, cybersecurity, autonomous systems, and data analytics in the military industry, is constantly rising. Along with this, extensive investments by governments of various nations in wearable computing, mobile solutions, and 3D printing for increasing defense capabilities are creating a positive market outlook.

Key Market Segmentation:

Competitive Landscape:

  • Accenture Plc
  • Amazon Web Services Inc (Amazon.com Inc.)
  • BAE Systems plc
  • Capgemini SE
  • DXC Technology Company
  • General Dynamics Corporation
  • International Business Machines Corporation
  • Leidos Holding Inc
  • Microsoft Corporation
  • Northrop Grumman Corporation
  • Oracle Corporation
  • SNC Lavalin Inc

Type Insights:

  • Services
  • Hardware
  • Software

Force Insights:

  • Defense Forces
  • Civilian Forces

Application Insights:

  • IT Infrastructure
  • Cybersecurity
  • Defense Cloud Computing
  • Data Analytics
  • IT Application
  • Logistics and Asset Management
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance 
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:

IMARC Group

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Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

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