Posted 4/5/2024, 3:48:00 PM
Military Cybersecurity Market Poised for Steady Growth Amid Heightened Threats and Digital Transformation
- Military cyber security market projected to grow at a CAGR of 7.6% during 2024-2034 due to emerging advanced persistent threats (APTs) and shift towards offensive cyber operations
- COVID-19 pandemic accelerated digital transformation and exposed supply chain vulnerabilities, heightening awareness of cybersecurity needs
- Focus on supply chain security, cyber resilience, regulatory compliance, and standards frameworks driving demand
- Public-private partnerships and collaboration initiatives facilitating information sharing and bolstering cyber defence capabilities
- Investments in cybersecurity innovation and R&D advancing military technologies and tools to address evolving threats