Defense IT Spending Market 2016 Global Trend, Size and Growth Analysis Report 2020

Global Defense IT Spending Market 2016-2020 is the new research report now available at RnRMarketResearch.com.

Growing international terrorism and rising number of extremist groups are threatening many countries. Therefore, many countries are implementing advanced ICT solutions to strengthen their defense capabilities. The defense sector is also facing many challenges related to cyber security to counter online cyber-attacks from hackers. To manage a large amount of data and to protect the military data, advance IT solutions are required. The IT department of defense services requires efficient IT support services to minimize the technical glitches in the military operations. IT solutions are helping the defense sector to address these challenges by providing innovative IT solutions. Vendors are offering specific IT technology for defense sectors such as cloud computing, Big Data analytics, cyber security software, and software-defined radio for military intelligence.

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The analyst forecast global defense IT spending market to grow at a CAGR of 3.11% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global defense IT spending market for 2016-2020. To calculate the market size, The report considers revenue generated from IT investment or sale of IT products and services in the defense sectors across geographies – the Americas, EMEA, and APAC.

The report, Global Defense IT Spending Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The market is divided into the following segments based on geography: America, APAC and EMEA

One of the key trends for market growth will be use of Big Data and analytics in defense operations. Defense operations generate enormous amount of data that requires analytics tools such as predictive analytics to convert the unstructured military data to meaningful insights for key decision-making process. The data is gathered from various sources such as military records, drones, defense intelligence systems and other sources are clustered together to find the correlations and patterns that can help to plot defense strategies.”

According to the report, high adoption of commercial-off-the-shelf products will be a key driver for market growth. The defense sector is investing in commercial-off-the-shelf (COTS) products such as wearable computing, IoT, 3-D printing, and mobile solutions to increase the defense capability through cutting-edge technology. The defense sector is embracing emerging technologies such as cloud computing, Big Data analytics, mobile technology, and wireless solutions. Investment in innovative IT solution is increasing in the defense services. The government is allocating their budget to implement next generation solution to improve efficiency and reduce military expenditures.

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The following companies are the key players in the global defense IT spending: Accenture, CSC, Dell, HP, and IBM.

Other Prominent Vendors in the market are: Atkins, BAE Systems, CACI International, Capgemini, Fujitsu, Intel, Lockheed Martin, Microsoft, Oracle, SAP, Telstra, and Unisys.

Further, the report states that one of the challenges for the market will be shrinking defense budget. Budget allocation for defense sector in some countries is reducing due to economic and political factors. Recently, the US, the UK, and Russia have reduced their defense budget to divert the savings into other sectors such as healthcare and education sector. The US military spending fell by 6.5% in 2015 as the government took measures to reduce their deficit in the ongoing budget. The US military budget has reduced by 20% since 2010. However, the US remains the leading country in terms of defense expenditure. In 2015, the UK government cut their defense budget by 1.5% and the Russian government reduced it by 5.3%. The combined defense spending by 28 NATO member countries fell by 1.5% in 2015. The shrinking budget will significantly have an impact on the IT spending. Governments might reduce expenditure on advanced defense security systems too.

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