Defense Cyber Security Industry Booming Demand in Coming Era
The global defense cyber security market size is projected to reach USD 29.81 billion in 2028. The market is categorized into software, services ..
Editorial Staff
Defense Cyber Security Industry Booming Demand in Coming Era
The global defense cyber security market size is projected to reach USD 29.81 billion in 2028 . Nowadays, various companies are using IoT for a large number of military applications, such as AR remote training, autonomous reconnaissance, real-time fleet and vehicle management, and monitoring of combat health. As per the study by Fortune Business Insights™ , the market stood at USD 19.62 billion in 2020 . It is set to exhibit a CAGR of 5.36% during the forecast period between 2021-2028. The study further mentions that numerous countries are redesigning their defense security norms to protect their crucial data. The U.S. Department of Defense (DoD), for instance, launched new guidelines in January 2020 through Cybersecurity Maturity Model Certification (CMMC) for defense-based contractors. BAE Systems Receives USD 94 Million Contract from NAWCAD In November 2020, BAE Systems bagged a new contract worth USD 94 million from the Webster Outlying Field (WOLF) of the Naval Air Warfare Center Air…
