Other provinces studied in the report include Asia-Pacific, Europe, and LAMEA. Same region is estimated to manifest the highest CAGR of 7.0% during the forecast period. Interested to Procure The Data? Inquire here at īased on region, North America contributed the highest share in 2020, holding around nearly two-fifths of the total share, and is expected to maintain its lead in terms of revenue by 2030. However, the civilian forces segment is expected to manifest the fastest CAGR of 6.6% from 2021 to 2030. In addition, the same segment is also estimated to manifest the highest CAGR of 6.7% from 2021 to 2030.īased on force, the defense forces segment held the largest share in 2020, accounting for more than half of the global defense IT spending market, and is estimated to maintain its leadership position during the forecast period. The segment would continue its dominance throughout the forecast period. The report offers detailed segmentation of the global defense IT spending market based on system, type, force, and region.īased on type, the services segment accounted for the highest share in 2020, contributing to more than two-fifths of the total market share.
On the other hand, advent of IoT analytics in defense applications and surge in defense spending globally present new opportunities in the coming years. However, issues associated with of digital sovereignty restrain the market growth. The report offers an extensive analysis of changing market dynamics, top segments, key investment pockets, value chain, regional scenario, and competitive landscape.īenefits such as proactive health surveillance and augmented reality remote training and rise spending on information technology products and services by the different nation’s defense forces globally drive the growth of the global defense IT spending market. 15, 2021 (GLOBE NEWSWIRE) - According to the report published by Allied Market Research, the global defense IT spending market generated $79.68 billion in 2020, and is estimated to generate $137.65 billion by 2030, witnessing a CAGR of 6.1% from 2021 to 2030. Prominent Players: Accenture,, Inc., BAE Systems plc, Dell, Inc., General Dynamics Corporation, Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), Microsoft Corporation, Northrop Grumman Corporation, and Oracle Corporation. The market across North America dominated with lion's share and is estimated to dominate throughout the forecast period. Advantages such as proactive health surveillance and augmented reality remote training and increased spending on information technology products and services by the different nation’s defense forces across the globe fuel the growth of the global defense IT spending market.
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