Global Military IT, Data And Computing Market 2012-2022 : Industry Analysis, Size, Share, Growth, Trends And Forecast Research Report
Albnay, NY (PRWEB) June 15, 2013
This report is the result of SDI's extensive market and company research covering the global military IT, Data and Computing industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
“The Global Military IT, Data and Computing Market 2012-2022” offers the reader detailed analysis of the global military IT, data and computing market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.
The global military IT data and computing market is expected to value US$43.8 billion by the end of 2012 and is estimated to increase to US$68.796 billion by 2022, representing a CAGR of 4.6% during the forecast period. The market demand is anticipated to be driven by continuous developments and dynamism in areas such as network centric warfare, embedded computing, information security, cloud computing, and cyber security among several others. The global market is expected to achieve a cumulative value of US$605 billion during the forecast period. The military IT, data, and computing market is expected to be dominated by North America, followed by Asia Pacific and Europe.
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“The Global Military IT, Data and Computing Market 2012-2022” provides detailed analysis of the current industry size and growth expectations from 2012 to 2022, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
The report provides detailed analysis of the market for military IT, data and computing during 2012-2022, including the factors that influence the reasons that countries are investing in or cutting defense expenditure. It provides detailed expectations of growth rates and projected total expenditure.
ITT Exelis, Raytheon, Booz Allen Hamilton, Presagis, Elbit Systems, Thales, Lockheed Martin, Northrop Grumman, BAE Systems, DRS Tactical Systems, SAIC, Microsoft, General Dynamics, Hewlett Packard
Coherent and relevant data on the various instances of cyber crime is one area where many countries are falling short. It is well known that spam, cybercrime, and botnets are all interrelated and contribute significantly to the global problem of cybercrime. There is an urgent need for spam reporting databases, in which end users can report all forms of spam, suspicious looking unsolicited emails, phishing emails and unsolicited software. Information gathered in such databases could also be of use to botnet detection centers, cybercrime fighters and anti-terrorist organizations. Companies are now increasingly calling on government agencies to establish databases to combat Internet fraud.
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Key Market Issues
During the last five years, the sophistication of attacks and their consequences have reached a new level and researchers have shown that an unprotected computer with malware content can be hacked and utilized for a Botnet within 15 minutes of connecting it to the Internet. Unlike distributed denial of service (DDOS) attacks, which operate on a small scale, malware such as the Stuxnet Worm and Conficker have the ability to cause considerable damage.
A large number of countries now possess at least basic cyber attack capabilities and an unknown number of extremist groups also have developed or acquired advanced cyber weapons. Some commercially available products are flexible enough to be classified as dual purpose - security testing tools and weapons of attack; however, some organizations are developing cyber weapons and cloaking them under the heading of security testing tools. These cyber weapons are in their infancy and are expected to rapidly evolve over the next decade.
The US, the highest spender on military IT, data and computing systems has spent a vast amount of money on developing enterprise resource planning (ERP) systems over the last decade. However, as the Army, Navy, and Air Force look to implement these systems, they are struggling with time delays and cost overruns. According to a Government Accountability Office report, the US DoD is in the process of implementing nine ERP programs, of which six have had schedule delays ranging from two to 12 years
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North America accounts for the highest spend in the global military IT data and computing market; most of this expenditure can be attributed to the US, with Canada accounting for a small share. The US has spent significant amount of its budget on the military ERP projects in order to upgrade its information systems and in turn, replacing its numerous legacy systems. These efforts are further strengthened with the success of the US military operations in Afghanistan and Iraq with minimal casualties. The major ERP programs include the General Fund Enterprise Business System (GFEBS), Logistics Modernization Program (LMP), and the Defense Enterprise Accounting and Management System (DEAMS).
Recent years have witnessed the spiraling importance of network-centric warfare (NCW) that utilizes digitized operational assets to leverage information supplied in times of war. Various technological and structural efforts aim to create an information-based army that is capable of responding to threats more quickly, and thereby effectively fight asymmetric enemies. Enhanced networking capabilities provide a boost to the fighting capabilities of the individual soldier and to those providing logistical support. This trend is mostly seen in the US Army, which is the highest spender on military IT in the world.
There has been a significant rise in the number of cyber crimes globally. According to a recent report by the DHS, the number of federal cyber security incidents reported to the US Computer Emergency Readiness Team witnessed a rise of 659 percent during the period 2006-2011. This was followed by the DHS asking Congress for US$769 million for cyber security purposes in 2012, up from US$459 million in 2011. The Defense Advanced Projects Research Agency (DARPA) also announced plans to boost cyber security spending by up to 50% over the next five years.
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