Military Computing Market, IT & Data Worth $80.5B by 2026

PUNE, India, June 17, 2016 /PRNewswire/ --

During the forecast period, global military IT, data and military computing market is anticipated to be driven by the growing demand for advanced information technology, the race to acquire cloud based infrastructure, encrypted data storage systems, and global tactical advanced communication systems. The military IT data and computing market is expected to be dominated by North America, followed by Asia Pacific and Europe. The US is the highest spender in the global military IT data and computing market, with a large number of programs being pursued in the areas of Enterprise Resource Planning (ERP) software products, the Tactical Local Area Network (TACLAN) family of systems and software support for radars among others.

Complete report on Military IT, Data and Computing Market trends spread across 169 pages that provide analysis of 16 leading companies is now available at http://marketreportsstore.com/the-global-military-it-data-and-computing-market-2016-2026/.

Key Findings: The Global military IT, data and computing market is expected to be worth US$62.9 billion in 2016 and is expected increase to US$80.5 billion by 2026, representing a CAGR of 2.50% during the forecast period. The North American region is estimated to account for 47.7% of the total military IT, data and computing market, followed by Asia Pacific and Europe, with shares of 26.4% and 14% respectively. The Middle Eastern region is expected to garner a substantial market share in this sector, accounting for 9.6%, and the remaining 2.3% of the military IT, data and computing market over the forecast period is expected to be constituted collectively by Latin America and Africa. In terms of segments, networking and cyber security segments are expected to account for 47.4% and 19.9% of the military IT, data and computing market, respectively, followed by software and hardware segments, with a cumulative share of 32.7%.

The Global military IT, data and computing Market 2016-2026 report offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military IT, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth analysis of the following:

Market size and drivers: detailed analysis during 2016-2026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.

Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of Military IT, Data and Computing segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants.

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Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.

Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026.

Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis.

Another newly published report is Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021. This research provides readers with detailed analysis of both historic and forecast defence industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news. Over the historic period, the US defence expenditure registered a growth rate of -2.63%,decreasing from US$646billion in 2012 to US$580 billion in 2016. The US military expenditure, valued at US$580billion in 2016, is expected to increase to US$599 billion by 2021, registering a CAGR of 0.71% over the forecast period. The US military expenditure will be driven by the efforts to retain its military supremacy and initiatives to replace the aged and worn-out weapons that have been used in the Iraq and Afghanistan wars. The Defence Ministry is expected to procure, Networking, IT Software, Hardware, Multi-Role Aircraft MRO and Transport Aircraft MRO. Complete report available at http://marketreportsstore.com/future-of-the-us-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2021/.

Explore other new reports on Public Sector at http://marketreportsstore.com/category/public-sector/.

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