The global defense cybersecurity market size is expected to reach USD 33.7 billion by 2028, growing at a CAGR of 7.3% during the forecast period.
Cybersecurity solutions help defense organizations detect, monitor, report issues, cyber threat, and attempts to hack or steal data from organizations.
To date, cyber threats have been more persistent, more intelligent, and concentrated on high-value assets, increasing the demand for a strong and high-tech cybersecurity system for the defense industry. Furthermore, the increasing risk of cyber threats to critical infrastructures from criminal organizations and technological sophistication of the cybersecurity industry is the major driver for its increased use in defense organizations.
Various cybersecurity companies are introducing new and enhanced products which can aid cybersecurity professionals in defending legacy and cloud networks, which can help the defense forces to work soundly while keeping their networks safe.
Defense IT expenses are on the surge across many developed nations. The growth of IT software, hardware, and services has implemented several changes in the defense sector, including live combat surveillance, superiority in air & space, smart weapons and battlefield management in network-centric environments, and force multipliers-related software.
In addition, implementing IT solutions has become significant in defense operations due to the increasing evolution in the type and occurrence of attacks globally.