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Reportlinker Forecasts Military Cybersecurity Market Growth

Reportlinker Forecasts Military Cybersecurity Market Growth - top government contractors - best government contracting event

Reportlinker Forecasts Military Cybersecurity Market Growth - top government contractors - best government contracting eventReportlinker has released a forecast study that the military cybersecurity market is projected to increase from $9.8 billion to $13.8 billion at a compound annual growth rate of 3.5 percent between 2017 and 2027.

The research firm said Wednesday the market is expected to globally hold a cumulative value of more than $130 billion during the period of forecast.

The report said the growth have stemmed from the increase of hackers and modern cyber conflicts that have changed the internet since 2007.

North America is predicted to hold the market’s majority share at 63 percent due to the U.S.’s active procurement of cybersecurity systems with a total projected expenditure of $82 billion.

The full report can be found here.

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Written by Nichols Martin

a staff writer at Executive Mosaic, produces articles on the federal government's technology and business interests. The coverage of these articles include government contracting, cybersecurity, information technology, health care and national security.

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