Feb 14, 2020 (AmericaNewsHour) --
An amalgamation of various categories of technologies, and services, applied at various level to guard an organization and users personal and professional data from cyber threats constitutes the cyber security market. One of the prominent features of todays modern and interconnected society and economy is the dependence on information and communication technology.
The public utilities, government and enterprises are dependent on wireless, internet and cloud based services. Since, the cyber-attacks have shown tremendous increase in the past few years with this dependency, this has created the necessity for unified cyber security solutions to back the enhanced enterprise mobility and strict data disclosure laws.
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The market for security portfolios such as authentication, data encryption, security and vulnerability management, DDOS mitigation along with various others are witnessing high growth because of progress in implementation by various countries.
The increased threat of cyber-attacks is one of the major drivers in the defence cyber security market. Hackers try to retrieve the critical data and information that are stored in the defence information system. In countries, where dependency on advanced communication systems is high, such threats increase the demand for defence cyber security solutions.
Several defence organizations such as Lockheed Martin and BAE Systems are introducing cyber security solutions which are specifically developed for the Defence sector.
As a result of this, defence organizations in the developed and developing regions are encouraged to adopt such specific solutions to offer improved and dedicated security for their information systems. Which is in turn likely to increase the revenue generated, supporting the growth of the Global Defence Cyber Security market
On the basis of component, the Global Defence Cyber Security Market is categorised into Solution and Service. On the basis of deployment, it is segmented into On-cloud and On-premise. In terms of geographical regions, the market can be divided into North America, Europe, Middle East & Africa, Asia-Pacific and Latin America
Out of the various countries in the market including North America, Europe, Middle East & Africa, Asia-Pacific and Latin America, the defence cyber security market in Latin America is expected to grow at a swift pace during the forecast period.
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The major players of global cyber security market are Lockheed Martin, BAE Systems, Raytheon, Northrop Grumman, Textron, Airbus Group, Thales Group, Finmeccanica - Selex ES, Elbit Systems, Israel Aerospace Industries, General Dynamics Fidelis Cybersecurity Solutions, McAfee, Booz Allen Hamilton Inc, Mission Essential, Hewlett Packard and CACI International.
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