A Transparency Market Research report projects the global market for military biometric systems to experience a 7.4 percent compound annual growth rate over the next eight years due to growing national security challenges worldwide. The research firm said Tuesday it estimates that the military biometrics sector to grow from $5.6 billion in 2016 to $10.6 billion by 2025. A […] More

A new Transparency Market Research report predicts the global market for military radar platforms to grow to $9.36 billion by the end of 2024 at a compound annual growth rate of 2.4 percent. TMR said Friday government investments in radar research and development efforts are likely to drive the worldwide military radar market. According to […] More

Transparency Market Research has published a report that says the worldwide video surveillance systems and services market hit almost $15 billion in value two years ago. The market’s value is forecast to reach $48.32 billion by the end of 2020 at an 18.1 percent compound annual growth rate, Transparency Market Research said Thursday. The research […] More

The man-portable military electronics industry is poised to enjoy a 3.8 percent compound annual growth rate from 2012 to 2019 due to an increase in defense system modernization efforts globally, according to a Transparency Market Research report. The research firm said Thursday it forecasts man-portable military electronics to reach a market value of $19.7 billion […] More

A new Transparency Market Research report forecasts the LIDAR market to reach $605.5 million by 2020 from $225 million in 2013 and be driven by growing demand for three-dimensional imagery from government, commercial and consumer clients. The report indicates that the transmission lines segment is poised to achieve “robust growth in the forthcoming years,” Transparency Market […] More

A Transparency Market Research report predicts global demand for counterterrorism and cybersecurity equipment will trigger a 5.6 percent compound yearly growth in the homeland security market over the next five years. The value of the HS market is projected to grow from almost $246 billion in 2014 to approximately $364 billion by 2020, the research […] More

A new Transparency Market Research report states that air-to-ground and surface-to-air missiles dominated the global smart weapons market in 2012, with further growth projected to give the market a value of $66.91 billion by 2019. The company said Thursday the market will achieve a compound annual growth rate of 10.3 percent from $34 billion in 2012 to reach the projected […] More

A new Transparency Market Research report predicts that the global platform-as-a-service market will achieve a compound annual growth rate of 25.7 percent through 2020 to reach a market value of $7.98 billion. The firm said Tuesday that the growth is due to companies adopting PaaS to lower capital expenses while allowing increased operational expenses. It added that other perceived benefits to PaaS include scalability, […] More

Transparency Market Research has released a new report that projects the global man-portable military electronics market to hit $19.7 billion in total value by 2019. The report also predicts the Asia-Pacific region will see “significant growth” in the man-portable military electronics market over the coming months as governments in the region push forward on military modernization […] More

Transparency Market Research (TMR) stated in a new report that it expects the global big data market to grow at a 40.5-percent compound annual growth rate (CAGR) from 2012 through 2019, reaching a market value of $48.3 billion. Growing at a CAGR of 45.3-percent the storage sector represents the largest share of revenues. The report stated that technology applications in […] More

Transparency Market Research has released a report that predicts the global military radar market will reach $8.44 billion in worth in 2019. The increase represents a 2.9 percent compound annual growth rate from the $6.9 billion recorded in 2012, Transparency Market Research said Thursday. Security and economic concerns, strategic alliances, border protection issues, growing government defense investments and increasing demand […] More

A Transparency Market Research report says worldwide cyber weapons could grow into a $521.9 billion market, largely because of government organizations’ efforts to secure critical infrastructure assets. The market intelligence firm said Tuesday defense and intelligence agencies use cyber weapons to deal with adversaries who conduct espionage, data theft and information technology sabotage activities. Defense cyber weapons generated nearly […] More