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08 Nov 12. The Global Military It, Data and Computing Market is Expected to Value US$43.7bn. The global military IT, data and computing market is expected to value US$43.7bn by the end of 2012, which is estimated to increase to US$68.6bn by 2022, representing a CAGR of 4.6% during the forecast period 2012-2022. 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. The global market is expected to achieve a cumulative value of US$605bn 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. In the wake of a transition of modern warfare, from the battleground to networks and cyber space, countries across the world are spending significantly on the development of their defensive and offensive capabilities in the areas of network centric warfare and cyber security. The US is the highest spender in the global military IT data and computing market, with its highest expenditure incurred on enhancing its military networking capabilities, followed by software, hardware, and cyber security. Global expenditure on cyber warfare systems is expected to be robust over the forecast period as developing countries, such as Brazil and India, are now taking significant steps to enhance their capabilities in this domain as part of their national security strategy. Brazil has established a Cyber Warfare Communication Center as a response to numerous attacks on its military networks and India has recently announced plans to train approximately 500,000 cyber warriors over the next five years to protect its networks. (Source: ASD Network)
13 Nov 12. Reportlinker.com announces that a new market research report is available in its catalogue: The UK Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017. This report is the result of ICD Research/Strategic Defence Intelligence’s extensive market and company research covering the UK defense industry. It provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news. The UK defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the UK defense industry. The UK has one of the largest defense industries in the world. During the review period the UK’s defense budget recorded a CAGR of -2.41%. Expenditure is primarily driven by potential terrorist threats and participation in peacekeeping initiatives. The defense budget, which stood at 2.5% of GDP in 2012, is expected to decrease to 1.6% of GDP by 2017 due to defense budget cuts announced by the government. During the review period, capital expenditure allocation stood at 24.7% of the total defense budget, and over the forecast period this is expected to decrease to 23.8%. Peace keeping operations and terrorism are the primary drivers of defense spending. The UK is engaged in a significant number of peace keeping operations in Afghanistan, Iraq, Sudan and Cyprus, and is a member of the European Union (EU), United Nations Security Council and a founding member of the North Atlantic Treaty Organization (NATO). UK operations in Iraq consist of 150 British Royal Navy and Royal Marine personnel, deployed alongside US military forces to train and mentor the Iraqi Navy. The level of terrorist activity of extremist groups in the UK increased considerably following the September 2001 terrorist attacks on the US and the international military operations