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10 Jul 13. Research and Markets announced the addition of the “Global Defense Cyber Security Market 2012-2016” report to their offering. Commenting on the report, an analyst from TechNavio’s IT Security team said: One of the major trends supporting the growth of the Global Defense Cyber Security market is the introduction of defense-specific security solutions. Some of the vendors such as Lockheed Martin and BAE Systems are introducing cyber security solutions which are specifically developed for the Defense sector. This is encouraging the defense organizations in the developed and developing regions to adopt such specific solutions to provide better dedicated security for their information systems. This is likely to increase the revenue generated, supporting the growth of the Global Defense Cyber Security market. According to the report, one of the major drivers in the market is the increased threat of cyber-attacks. As critical data and information are stored in the defense information system, hackers try to retrieve these data. Such threats increase the demand for defense cyber security solutions in countries, which is supporting the growth of the Global Defense Cyber Security market.
(Source: Yahoo!/BUSINESS WIRE)
08 Jul 13. Despite pressures on global defense expenditure, there will be continued investment in communications capabilities with overall expenditure across land, air, naval and space domains approaching
$29bn. The Strategy Analytics Advanced Defense Systems (ADS) service
report, “Ground Communications Systems and Components Forecast 2012-2022,” forecasts that the market for land-based tactical radios will grow at a compound annual growth rate (CAGR) of 7.2 percent to reach almost $4.5bn in 2022. Overall spending on land-based tactical radio hardware will continue to be led by North America, representing between 37 to 39 percent of the tactical radio market, over the 2012 to 2022 timeframe. Demand from emerging markets in the Central and Latin America (CALA) and Asia-Pacific (APAC) regions will also dictate high grow rates with collective demand accounting for over 46 percent of the market for tactical radio hardware in 2022. (Source: Yahoo!/PRNewswire)
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