Aviation & defense cyber security solutions are software suites designed to defend aviation computers, networks, databases from cyber-attacks or cyber-crimes & unauthorized access. The industry relies heavily on information technology (IT) infrastructure for its ground & flight operations. Its security directly impacts the operational safety & efficiency of the industry and indirectly impacts the reputation, service, and financial health.
According to study, “Global Aviation & Defense Cyber Security Market Size study, by Component (Solution Type, Security Type and Aerospace and Defense Cyber Security Service) and by Deployment (On-Premise Deployment and On-Cloud Deployment) and Regional Forecasts 2018-2025” the key companies operating in the global aviation & defense cyber security market are Lockheed Martin Corporation, Northrop Grumman Corporation, International Business Machines Corporation (IBM), Airbus Defence and Space SA, General Electric Company, BluVector Inc., General Dynamics Corporation, Palo Alto Networks, Inc., Rockwell Collins, Inc., root9B Holdings Inc., Unisys Corporation, The Raytheon Company, Honeywell International, Inc., BAE Systems PLC, Cisco Systems, Inc., Harris Corporation, SITA, Thales Group, Computer Sciences Corporation,
Based on component type, aviation & defense cyber security market is segmented into security type, solution type and aerospace & defense cyber security service. Security type segment is further sub-segmented into network security, application security, endpoint security, wireless security, content security and cloud security. Solution segment is further sub-segmented into identity & access management, data loss prevention, risk & compliance management, next generation firewalls, encryption, Intrusion Detection System/Intrusion Prevention System (IDS/IPS), unified threat management, security & vulnerability management, antivirus & anti-malware, Distributed Denial of Service (DDOS) mitigation, disaster recovery and web filtering. Additionally, aerospace and defense cyber security segment is further sub-segmented into consulting, risk & threat assessment, design & integration, training & education and managed security services. Based on deployment, market is segmented into on-cloud deployment and on-premise deployment. On-cloud deployment segment holds major share in market owing to lower cost, change in industry trends of cyber security services & solutions, and rise in shift from on-premise deployment to on-cloud deployment. In addition, based on application, market is segmented into airport management, air traffic management, airline management, air cargo management and others.
The aviation & defense cyber security market is driven by rise in use of internet/websites, followed, growth in demand for technological advancement to protect & support passenger traffic, increase in user engagement on internet & websites, increase in severity of cyber-attacks and stringent government regulations. However, lack of skilled workforce and lack of knowledge may impact the market. Moreover, rise of 3G & 4G technology, growth in next-generation cyber security solutions and rise in demand for integrated security solution are key opportunities for market.
Based on geography, the North-American regions holds major share in aviation & defense cyber security market owing to rise in demand for advanced & efficient cyber security solutions and services in the region. The Asian-Pacific and European regions are estimated to exhibit higher CAGR due to rise in cyber-threats and growth of new airline services over the forecast period. In forthcoming years, it is anticipated that future of the market will be optimistic due to introduction of many new low cost carrier airline services during the forecast period. It is predicted that the market will be reached at US $95.2 billion by 2025.
To know more, click on the link below:-
Ankur Gupta, Head Marketing & Communications