Global Defense IT Spending Market is valued at approximately USD 84.54 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2022-2029. Defense Information technology solutions comprised of products and services intended for cyber security, warfare, and digital assets management in the defence sector. Additionally, IT systems and services have their application in Command, Control, Communications, Computers, Combat System, Intelligence, Surveillance and Reconnaissance (C5ISR) systems. The rising global defence spending and growing requirement for Secure Communication Systems in Defense Sector are key factors driving the market growth.
In order to mitigate border threats and enhance defence infrastructure, countries across the globe increased their military expenditure. For instance - according to Stockholm International Peace Research Institute (SIPRI) - in 2020, the world military expenditure was estimated at USD 1981 billion, and the global military expenditure further increased to USD 2113 billion in 2021, witnessing an increase of over 0.7 percent. Additionally, in 2021, the United States spent around USD 801 billion in military expenditure followed by China with USD 293 billion spending, and India with spending of USD 76.6 billion. Also, increasing preference towards advanced technology-based weapons and systems and growing emergence of AI and ML technologies would create a lucrative growth prospectus for the market over the forecast period. However, the lack of standardization in defence IT solutions offered by different vendors stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Defense IT Spending Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing spending on IT solutions from defence sector and presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising incidences of border conflicts and increasing defense cybersecurity services in the region.
Major market players included in this report are:
- Accenture
- Amazon.com, Inc.
- BAE Systems plc
- Dell, Inc.
- General Dynamics Corporation
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Northrop Grumman Corporation
- Oracle Corporation
Recent Developments in the Market:
- In October 2019, the U.K. Ministry of Defense (MOD) awarded USD 31.3 million contract to France based Atos SE. This contract is part of MOD's CORTISONE Program, and Atos SE would offer solutions for digital transformation in the delivery of healthcare within the UK's Defense IT services
- In April 2022, Bandung-based state-owned defence electronics firm PT Len Industri entered into an agreement with Thales for joint defence technology developments for Indonesian defense sector. Moreover, under this partnership, both the players would jointly explore and develop different solutions for ministry of defense including radars, command-and-control systems (C2), military satellites, C5ISR (command, control, computers, communications, cyber, intelligence, surveillance, and reconnaissance), electronic warfare (EW), UAVs (unmanned aerial vehicles), and combat management systems (CMS).
Global Defense IT Spending Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: System, Type, Force, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By System
- IT Infrastructure
- Cybersecurity
- Logistics & Asset Management
- Others
By Type
- Services
- Hardware
- Software
By Force
- Defense Forces
- Civilian Forces
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Defense IT Spending Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Defense IT Spending Market, by System, 2019-2029 (USD Billion)
- 1.2.3. Defense IT Spending Market, by Type, 2019-2029 (USD Billion)
- 1.2.4. Defense IT Spending Market, by Force, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Defense IT Spending Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Defense IT Spending Market Dynamics
- 3.1. Defense IT Spending Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising global defence spending
- 3.1.1.2. Growing requirement for Secure Communication Systems in Defense Sector
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of standardization
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing preference towards advanced technology-based weapons and systems
- 3.1.3.2. Growing emergence of AI and ML technologies
Chapter 4. Global Defense IT Spending Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Defense IT Spending Market, by System
- 6.1. Market Snapshot
- 6.2. Global Defense IT Spending Market by System, Performance - Potential Analysis
- 6.3. Global Defense IT Spending Market Estimates & Forecasts by System 2019-2029 (USD Billion)
- 6.4. Defense IT Spending Market, Sub Segment Analysis
- 6.4.1. IT Infrastructure
- 6.4.2. Cybersecurity
- 6.4.3. Logistics and Asset Management
- 6.4.4. Others
Chapter 7. Global Defense IT Spending Market, by Type
- 7.1. Market Snapshot
- 7.2. Global Defense IT Spending Market by Type, Performance - Potential Analysis
- 7.3. Global Defense IT Spending Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 7.4. Defense IT Spending Market, Sub Segment Analysis
- 7.4.1. Services
- 7.4.2. Hardware
- 7.4.3. Software
Chapter 8. Global Defense IT Spending Market, by Force
- 8.1. Market Snapshot
- 8.2. Global Defense IT Spending Market by Force, Performance - Potential Analysis
- 8.3. Global Defense IT Spending Market Estimates & Forecasts by Force 2019-2029 (USD Billion)
- 8.4. Defense IT Spending Market, Sub Segment Analysis
- 8.4.1. Defense Forces
- 8.4.2. Civilian Forces
Chapter 9. Global Defense IT Spending Market, Regional Analysis
- 9.1. Defense IT Spending Market, Regional Market Snapshot
- 9.2. North America Defense IT Spending Market
- 9.2.1. U.S. Defense IT Spending Market
- 9.2.1.1. System breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Force breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Defense IT Spending Market
- 9.3. Europe Defense IT Spending Market Snapshot
- 9.3.1. U.K. Defense IT Spending Market
- 9.3.2. Germany Defense IT Spending Market
- 9.3.3. France Defense IT Spending Market
- 9.3.4. Spain Defense IT Spending Market
- 9.3.5. Italy Defense IT Spending Market
- 9.3.6. Rest of Europe Defense IT Spending Market
- 9.4. Asia-Pacific Defense IT Spending Market Snapshot
- 9.4.1. China Defense IT Spending Market
- 9.4.2. India Defense IT Spending Market
- 9.4.3. Japan Defense IT Spending Market
- 9.4.4. Australia Defense IT Spending Market
- 9.4.5. South Korea Defense IT Spending Market
- 9.4.6. Rest of Asia Pacific Defense IT Spending Market
- 9.5. Latin America Defense IT Spending Market Snapshot
- 9.5.1. Brazil Defense IT Spending Market
- 9.5.2. Mexico Defense IT Spending Market
- 9.5.3. Rest of Latin America Defense IT Spending Market
- 9.6. Rest of The World Defense IT Spending Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Accenture
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Amazon.com, Inc.
- 10.2.3. BAE Systems plc
- 10.2.4. Dell, Inc.
- 10.2.5. General Dynamics Corporation
- 10.2.6. Hewlett Packard Enterprise Development LP
- 10.2.7. International Business Machines Corporation (IBM)
- 10.2.8. Microsoft Corporation
- 10.2.9. Northrop Grumman Corporation
- 10.2.10. Oracle Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption