Welcome!

News Feed Item

Military IT, Data and Computing Market worth US$72.4 Billion by 2024

DALLAS, Feb. 7, 2014 /PRNewswire-iReach/ -- RnRMarketResearch.com adds "The Global Military IT, Data and Computing Market 2014-2024" research report to its storethat says the Global Military IT, data, and computing market is estimated to value US$54.2 billion in 2014 and increase at a CAGR of 2.94% during the forecast period, to reach its peak of US$72.4 billion by 2024.

(Photo: http://photos.prnewswire.com/prnh/20140207/MN61065)

This report is the result of extensive market and company research covering the global Military IT, Data and Computing industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.

Introduction and Landscape

Why was the report written?

This report offers the reader detailed analysis of the global Military IT, Data and Computing market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.

The Global Military IT, data, and computing market is estimated to value US$54.2 billion in 2014 and increase at a CAGR of 2.94% during the forecast period, to reach its peak of US$72.4 billion by 2024, according to new report – The Global Military IT, Data and Computing Market 2014–2024.

The market consists of four categories: networking, software, cyber security, and hardware. The networking segment is expected to account for 34.6% of the global military IT, data, and computing market, followed by the cyber security segment with a share of 26.3%.

Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=147782 .

This report offers detailed analysis of the global military IT, data and computing systems market, with the identification of market drivers augmenting its provision of historic and forecast data for the next decade. Together with its investigation of the developments and challenges in the industry, analysis of key markets, major programs, and the competitive landscape, along with SWOT analysis of the industry as a whole, This report should be considered the definitive informational resource for those with a stake in the global military IT, Data and Computing systems market seeking to secure growth whilst minimizing risk.

To capitalize on the opportunities presented by market growth, organizations with a vested interest in the global military IT, Data and Computing market must remain sensitive to the key drivers of the market, thereby facilitating informed business decisions that maximize profits with minimized risk.

Key Insights Include:

  • The US, the highest spender on military IT, data, and computing systems has spent a vast amount of money on the development of enterprise resource planning (ERP) systems over the last decade. However, as the Army, Navy, and Air Force look to implement these systems, they are struggling with time delays and cost overruns.
  • The emergence of affordable, smart mobile devices, along with advances in wireless communications such as 4G, WiFi, and Bluetooth, have worked to increase the vulnerability of national networks, with a large number of business enterprises widely adopting mobile devices. Even critical infrastructure entities, including tactical military units and electronic grids, are employing commercial wireless technology into their operations. This area poses a tough challenge for cyber security providers, as the increasing capability of mobile phones is also expected to increase the complexity of attacks faced by these devices.
  • Attacks from malware makes it important for defenders to identify the source of the malware so that similar patterns can be tracked and observed for flaws, and a proper response to the attack can be delivered without causing undue inconvenience to the entire cyberspace community. This challenge stems from the fact that the cyber security institutional eco-system, which consists of a broad set of international, national, and private organizations, has unclear and overlapping boundaries, as well as differing capacities, due to which a comprehensive database on such malware has not been developed.
  • A large number of countries now possess at least basic cyber-attack capabilities and an unknown number of extremist groups have also developed or acquired advanced cyber weapons. Some commercially available products are flexible enough to be classified as dual purpose, such as security testing tools and weapons of attack; however, some organizations are developing cyber weapons and cloaking them under the heading of security testing tools. These cyber weapons are in their infancy and are expected to rapidly evolve over the next decade.

Related Market Reports

The Global Cybersecurity Market 2013-2023 – Market Size and Drivers: Market Profile

The global cyber warfare market is projected to record robust growth in spending over the forecast period owing to the rise in cyber attacks on the military and other critical IT infrastructure. Countries across regions are now focusing on establishing and developing their cyber security infrastructure, an area of defense spending that was neglected until recently.

The Global Cybersecurity Market 2013-2023 – Competitive Landscape and Strategic Insights: Market Profile

The report provides a detailed analysis of the competitive landscape of the Cybersecurity market. It provides an overview of key Cybersecurity companies catering to the Cybersecurity sector, together with insights such as key alliances, strategic initiatives and a brief financial analysis.

The global cyber security market is highly competitive, with a limited amount of large suppliers worldwide. Within the global cyber warfare market, American and European countries are among the leading defense spenders and have well-developed domestic cyber security industries, which allows them to be self-reliant.

Browse more reports on Cyber Security Industry at http://www.rnrmarketresearch.com/reports/public-sector/defense/security/cyber-security .

About Us:

RnR Market Research is a database of selected syndicated market reports for global and China industries including but not limited to life sciences, information technology & telecommunications, consumer goods, food and beverages, energy and power, automotive and transportation, manufacturing and construction, materials and chemicals, public sector as well as business and financial services. We provide 24/7 online and offline support to our customers. Call +1 888 391 5441 with your research requirements or email the details on [email protected] This e-mail address is being protected from spambots. You need JavaScript enabled to view it and we would be happy to help you find the business intelligence that you need.

Media Contact: Pankaj Sharma, MarketsandMarkets, 09881155004, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE RnRMarketResearch.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...