Dublin, Oct. 30, 2023 (GLOBE NEWSWIRE) -- The "Military Cloud Computing Market by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (Infrastructure as a Service ,Platform as a Service, and Software as a service), Application, End User and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Military Cloud Computing Market, estimated at USD 8.5 billion in 2023, is projected to reach USD 15.3 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period. This significant growth is attributed to the transformative advantages that military cloud computing offers to defense operations worldwide.
Key Advantages of Military Cloud Computing:
- Scalability: Military cloud computing provides a flexible platform for enhancing operational capabilities and data management.
- Cost-Efficiency: The cloud environment reduces costs by optimizing resource utilization.
- Global Accessibility: Cloud solutions enable data accessibility and collaboration across geographically dispersed units.
- Data Centralization: Critical data is centralized, enabling more efficient and secure access.
- Rapid Deployment: Cloud services facilitate swift deployment of applications and services.
Hybrid Cloud Segment Leads: Among deployment types, the Hybrid Cloud segment is expected to exhibit the fastest growth during the forecast period. Hybrid cloud solutions strike a balance between on-premises security and public cloud advantages, offering a secure and scalable approach to military operations.
Air Force Emerges as a Key User: In terms of end users, the Air Force segment is poised for rapid expansion. Military cloud computing offers enhanced data accessibility and sharing capabilities, critical for modern air operations. This accessibility allows Air Force personnel to make real-time decisions and collaborate across geographically dispersed units, even from remote bases and aircraft.
Platform as a Service (PaaS) Drives Growth: The Platform as a Service (PaaS) service model has achieved the highest growth rate in military cloud computing. PaaS provides a ready-made development environment with streamlined tools for the creation and deployment of mission-critical applications. This accelerates software development and response times to evolving threats and operational requirements.
China's Growing Influence: China is positioned to account for the largest Compound Annual Growth Rate (CAGR) in the military cloud market. Several factors contribute to this trend:
- Expanding Military Modernization: China's investment in military modernization has led to increased reliance on cloud computing for data-intensive operations, including intelligence, surveillance, reconnaissance, and cyber warfare.
- Strategic Partnerships: China has established strategic alliances with domestic and international technology companies, granting access to cutting-edge cloud technologies and solutions.
The Global Military Cloud Computing Market is evolving at a rapid pace, offering a strategic advantage in an increasingly connected and technologically advanced security environment.
Competitive Landscape
Prominent companies in the military cloud computing market are Amazon (US), Google (US), Dell Technologies (US), IBM (US), Microsoft Corporation (US) Raytheon Technologies Corporation (US), BAE Systems (UK), Thales Group (France), General Dynamics Corporation (US), Cisco (US) Atos(France), SAIC (US) among others.
Premium Insights
- Increasing Adoption by Armed Forces to Drive Demand for Military Cloud Computing
- Private Cloud Segment to Lead Market Share During Forecast Period
- Infrastructure-As-A-Service Segment to Account for Largest Market Share During Forecast Period
- Army Segment to Have Maximum Market Share During Forecast Period
- North America to Lead Market During Forecast Period
- China to be Fastest-Growing Market from 2023 to 2028
Drivers
- Improved Collaboration and Information Sharing
- Digital Transformation
- Scalability and Flexibility
- Access to Advanced Technologies
- Standardization
Restraints
- Security Concerns
- Cultural and Organizational Resistance
- Legacy Systems Integration
Opportunities
- Advanced Analytics and Intelligence
- Secure Collaboration and Interoperability
- Cost Savings and Resource Optimization
- Emerging Technologies Integration
- Global Market Expansion
Challenges
- Connectivity and Bandwidth Limitations
- Compliance and Regulatory Challenges
- Dependence on Third-Party Providers
Trends Impacting Customer Businesses
- Revenue Shift and New Revenue Pockets for Military Cloud Computing Solution Providers
Competitive Portfolio
- Amazon
- Atos
- Bae Systems
- Capgemini
- Cgi
- Cisco
- Dell Technologies
- Dxc Technology
- General Dynamics Corporation
- Hadean
- IBM
- Microsoft Corporation
- Oracle Corporation
- Peraton
- Rackspace Technology
- Raytheon Technologies Corporation
- Saic
- Salesforce
- Smartronix
- Soar Technology
- Sparkcognition
- Splunk
- Thales Group
- Wind River Systems
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 226 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $8.5 Billion |
| Forecasted Market Value (USD) by 2028 | $15.3 Billion |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/fyhn34
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