Military Cyber Security Market size is estimated to register a CAGR of over 6.5% between 2024 and 2032

Military Cyber Security Market Size

Military Cyber Security Market was USD 15 billion in 2023 and is projected to register a CAGR of over 6.5% during 2024-2032. The increasing adoption of cloud-based storage solutions and deployment of cutting-edge technologies have driven the growth of the market.

The increasing investments by various governments in defending against the risk of cyberattacks and offering greater security solutions are also likely to boost the military cyber security industry. Furthermore, technological advancements at a faster pace, providing improved defense features and configuration services, have developed through collaborations among various organizations to enhance cyber security, a trend towards greater strategic investments in cyber defense.

Military Cyber Security Market Report Attributes
Report Attribute Details
Base Year 2023
Military Cyber Security Market Size in 2023\tUSD 15 Billion
Forecast Period\t2024 – 2032
Forecast Period 2024 – 2032 CAGR\t6.5%
2032 Value Projection\tUSD 26.5 Billion
Historical Data for\t2021 – 2023
No. of Pages\t300
Tables, Charts & Figures\t250
Segments covered\tOffering, Security, Deployment Model, Application
Growth Drivers\t
Growing demand for cyber security in military systems to safeguard against unauthorized cyberattacks
Technological improvements improve efficiency and performance
Government incentives support the use of cyber security
Stricter regulation enforces approved cyber security practice
Pitfalls & Challenges
Advanced cyber security solutions and technologies prove to be extremely costly
A lack of adequately skilled cyber security experts prevents effective implementation and management

Military Cyber Security Market Trends
Scalability and modular design are gaining momentum in military cyber security innovations, making it easier to integrate various defense platforms and applications. This approach supports cyber security offerings that are more flexible and tunable, satisfying multiple operational conditions while maximizing deployment processes and minimizing development lead times. This points to an increasing use of strict, data-driven security controls to maximize defense capabilities. For example, in January 2022, the U.S. Army declared its intention to develop a zero-trust cyber security model as the nation becomes a data-driven force. Also, Raytheon Intelligence and Space showcased its Operational Zero Trust platform during the U.S. Army’s Project Convergence experiment.

The international market is heading in the direction of modular and scalable designs due to the increase in cyber security threats. This helps offer greater flexibility in the integration of cyber security solutions among different defense systems and applications. Manufacturers can reduce deployment times, save money, and enhance production processes by modularizing items such as encryption technologies, threat detection systems, and security protocols. Moreover, since these designs are adaptable to specific mission goals and operating environments, this approach ensures robust defense against ever-evolving cyber threats. The transition to scalable and modular designs promotes innovation and effectiveness in military cyber security, enhancing the robustness and effectiveness of defense operations.

Military Cyber Security Market Analysis
Discover more about the major segments defining this market

Depending on deployment model, the market is divided into on-premises and cloud. In 2023, the on-premises segment held a market share of approximately 70% and is set to surpass USD 18 billion by 2032. On-premises deployment model will increase in the military cyber security market because it has the edge of controlling the data, meeting the compliance requirements, and ensuring security. Military organizations tend to prefer keeping sensitive data within their very own controlled environments to avoid risks that come with external hosting. Furthermore, strict regulations and confidentiality needs can demand on-premises solutions. With changing threats and security issues growing more severe, demands for local control and real-time response capabilities offered by on-premises deployments are expected to propel the market forward.
Military Cyber Security Market Share
Lockheed Martin Corporation, Raytheon Technologies Corporation, and Northrop Grumman Corporation are the leaders of the military cyber security market with market share greater than 25% because they have a high level of experience, strong capabilities, and advanced solutions. Lockheed Martin provides extensive cyber defense solutions, including threat intelligence, network security, and incident response services. Raytheon Technologies has advanced cybersecurity technologies like encryption, secure communications, and threat detection systems designed for military use. Northrop Grumman provides integrated cyber solutions, leveraging its expertise in intelligence, surveillance, and reconnaissance (ISR) technologies to protect military networks and assets from cyber threats.

These organizations have built long-standing relationships with global military customers and hold extensive domain expertise in defense and cybersecurity. Their experience in providing effective and dependable solutions, combined with continuous research and development investments, allows them to counter changing cyber threats and offer customized security solutions tailored to the specific needs of the military organization.

Military Cyber Security Market Companies

Major players operating in the military cyber security industry are

• BAE Systems
• Cisco Systems, Inc.
• L3Harris Technologies
• Lockheed Martin Corporation
• McAfee, LLC
• Northrop Grumman Corporation
• Palo Alto Networks, Inc.
• Raytheon Technologies Corporation
• Symantec Corporation
• Thales Group