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As most of the major armies prepare themselves for Information Warfare, which which prioritizes usage of information & communication technology to achieve advantage over the opponent. There is expected to be a major focus on spending on military IT, data and computing.
A major factor driving expenditure in this sector is the transition of modern warfare, from the battleground to networks and cyber space, with militaries across the world spending significantly on the development of their defensive and offensive capabilities in the areas of network-centric warfare and cyber security
Enhanced networking capabilities provide a boost to the fighting capabilities of the individual soldier and to those providing logistical support.
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The global military IT, data and computing market is estimated to value US$60 billion in 2017, and is expected to grow at a CAGR of 2.01% to value US$73.2 billion by 2027.In terms of segments, Networking is expected to account for 32.9% of the military IT, data and computing market, followed by Hardware with 28.3% of the market share, Cyber Security and Security comprise remaining of the market, with share of 21.0% and 17.8% respectively.
Military IT, data and computing market is expected to be dominated by North America, followed by Europe and Asia-Pacific. 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, software support for radars, net-centric networking products, a transition to cloud computing, and cyber security.
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