A ReportsnReports study predicts network protection tools and services will comprise the largest segment of the U.S. cybersecurity market over the next 10 years.
The U.S. cyber industry’s cloud segment is projected to enjoy an 8.33 percent compound annual growth rate while data security category is forecast to account for 28.4 percent of the domestic cyber market, ReportsnReports said Monday.
The report estimates information security technology spending in the U.K and France to respectively grow 7.5 percent and 8 percent a year through 2024.
ReportsnReports has also provided 10-year electronic warfare systems market forecasts and trend analyses across multiple countries.
According to the research firm, Australia’s acquisition of Boeing EA-18G Growler jets could aid the country’s EW operations.
Researchers forecast a 17.46 percent CAGR in the South African EW market and a 2.18 percent annual growth for electronic attack systems demand in China.