The Global Military IT, Data and Computing Market 2012-2022 - Market Size and Drivers: Market Profile
Additional InformationPress Release
The global military IT, data, and computing market is estimated to value US$43.7 billion in 2012 and increase at a CAGR of 4.6% during the forecast period (2012-2022), to reach its peak of US$68.6 billion by 2022. The market consists of four categories: networking, software, cyber security, and hardware. The networking segment is expected to account for 43% of the global military IT, data and computing market, followed by the software segment with a share of 21%. The hardware market will account for 19% of the overall military IT, data and computing market, whereas cyber security will account for the remaining 17% market share. During the forecast period, the cumulative global expenditure on military IT, data, and computing is expected to reach US$605 billion.
North America accounts for the highest spend in the global military IT, data and computing market; the majority of expenditure can be attributed to the US, with Canada accounting for a small share. The US has spent a significant amount of its budget on military ERP projects in order to upgrade its information systems and to replace its numerous legacy systems. These efforts are further strengthened with the success of US military operations in Afghanistan and Iraq with minimal casualties. Major ERP programs include the General Fund Enterprise Business System (GFEBS), Logistics Modernization Program (LMP), and Defense Enterprise Accounting and Management System (DEAMS). The recent US defense budget cuts are not expected to have a significant impact on military IT, data, and computing spending as the US Department of Defense (DoD) is committed to continuously upgrade its existing IT infrastructure.
More High Performance Computing reports by Strategic Defence Intelligence
The Global Military IT, Data and Computing Market 2012-2022 - Industry Trends, Recent Developments and Challenges: Market Profile by Strategic Defence IntelligenceSee all reports like this >>
SynopsisThis report offers readers insights into technological developments in the Military IT, Data and Computing market, as well as detailed analysis of the changing preferences ...
More Global High Performance Computing reports
The 2013-2018 World Outlook for High Performance Computing (HPC) Systems by Icon Group International, Inc.
The 2013-2018 World Outlook for High Performance Computing (HPC) SystemsThis econometric study covers the world outlook for high performance computing (HPC) systems across more than ...
The 2013 Report on High Performance Computing (HPC) Systems: World Market Segmentation by City by Icon Group International, Inc.
This report was created for global strategic planners who cannot be content with traditional methods of segmenting world markets. With the advent of a “borderless ...
Worldwide High-Performance Data Analysis 2013–2017 Forecast by IDC
This IDC study centers on IDC's worldwide revenue forecast for HPDA servers; that is, HPC server systems that are acquired primarily to run data-intensive (Big ...
Worldwide Technical Computing 2013 Top 10 Predictions by IDCSee all reports like this >>
This IDC study presents IDC's annual list of the top 10 HPC market predictions for 2013."In 2013, the worldwide HPC market promises to achieve its ...
We can help you find what you need. Call us or write us:
Need help in your search?