ReportBuyer: Global Military IT, Data, Computing Market to Reach $80.5B by 2026

cloud computingReportBuyer has released a new report that predicts the gobal military information technology, data and computing market will hit $80.5 billion by 2026 from $62.9 billion in 2016.

The growing demand for cloud-based infrastructure will drive the market during the forecast period to a compound annual growth rate of 2.50 percent, ReportBuyer said Wednesday.

The report further examines what influences the demand for military IT and what market obstacles the industry will face over the forecast period.

ReportBuyer forecasts the networking and cyber security segments to represent 47.4 percent and 19.9 percent of the market, respectively.

The North American region will account for 47.7 percent of the total military IT, data and computing market, and Asia Pacific and Europe for the 26.4 percent and 14 percent, respectively.

The report highlights the spending and modernization behavior of different regions worldwide and the preferences of military IT, data and computing segments globally.

You may also be interested in...

Carahsoft

Carahsoft Adds ClearInfo Digitization Products to NASA SEWP V Contract

Carahsoft Technology has agreed to market end-to-end digitization tools developed by ClearInfo to federal government clients through the Reston, Virginia-based company's reseller partners and NASA Solutions for Enterprise-Wide Procurement V contract.

GA-ASI MQ-9 with ASW Pod

General Atomics Demos Anti-Submarine Sonobuoy Tech for Navy’s MQ-9 UAS

A General Atomics affiliate has demonstrated the use of A-size sonobuoys to remotely process acoustic and bathythermal data when deployed from an unmanned aircraft system to support U.S. Navy's anti-submarine warfare operations.

Corner Alliance

Corner Alliance to Develop Emergency Guidance Tool for DHS

The Department of Homeland Security's Science and Technology Directorate awarded over $1.5M to Corner Alliance for the development of a new emergency guidance planning app. The Federal Emergency Management Agency's website would feature the Alerts, Warnings and Notifications guidance tool that would offer best practices, customized resources and templates for emergency planning and readiness efforts, DHS said Tuesday.