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PUBLISHER: The Business Research Company | PRODUCT CODE: 1270374

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1270374

Defense IT Spending Global Market Report 2023

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PAGES: 250 Pages
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“Defense IT Spending Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on defense it spending market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for defense it spending ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The defense it spending market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

  • 1) By Type: Services; Hardware; Software
  • 2) By Force: Defense Forces; Civilian Forces
  • 3) By Application: IT Infrastructure; Cybersecurity; Defense Cloud Computing; Data Analytics; IT Application; Logistics and Assets Management; Other Applications
  • Companies Mentioned: Leidos Holdings Inc; Accenture plc; International Business Machines Corporation; General Dynamics Corporation; BAE Systems PLC
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the defense it spending market are Leidos Holdings Inc., Accenture plc, International Business Machines Corporation, General Dynamics Corporation, BAE Systems PLC, DXC Technology Company, Dell Inc., Northrop Grumman Corporation, Unisys Corporation, Atos SE, Capgemini SE, Fujitsu Limited, Oracle Corporation, SAP SE, Microsoft Corporation, Amazon Inc., AT&T Intellectual Property, CACI International Inc., and Atkins.

The global defense IT spending market is expected to grow from $85.26 billion in 2022 to $91.05 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The defense IT spending market is expected to grow to $111.95 billion in 2027 at a CAGR of 5.3%.

The defense IT spending market consists of sales of defense material handling, enabling cost-savings and a competitive edge to the army, naval, and space domain. The market value includes the value of related goods sold by the service provider or included within the service offering. The defense IT spending market also includes sales of spending on defense equipment such as weapons, aircraft, and gear or personal equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Defense IT spending is the expenditure of any collection of computers, software, and networks of defense systems. It is the money spent by a government to provide its military with various technologies and infrastructure.

North America was the largest region in the defense IT spending market in 2022. The regions covered in the defense IT spending report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of defense IT spending are services, hardware and software. Hardware refers to the physical parts of a computer and related devices. The forces are defense forces and civilian forces. It has various applications involved such as IT infrastructure, cybersecurity, defense cloud computing, data analytics, IT application, logistics and assets management and others.

Rising political tensions are expected to propel the growth of the defense IT spending market going forward. Geopolitical tensions are the political concerns that produce tension or turmoil between two or more countries. These tensions can be triggered by a variety of circumstances, including power, commerce, military activities, climate change, or significant events. Rising geopolitical tensions are leading countries to adopt advanced IT systems, as a result, increasing geopolitical tensions increase the demand for the defense IT spending market. For instance, in June 2022, according to Uppsala University, a Sweden-based public university, 119,000 people died in organized violence in 2021. This is an increase of 46 percent compared to the previous year. The Uppsala Conflict Data Program (UCDP) at Uppsala University registered 54 different conflicts where a state was involved on one or both sides during 2021. Therefore, the rising geopolitical tensions are driving the growth of the defense IT spending market.

Product innovation is a key trend gaining popularity in the defense IT spending market. Major companies operating in the defense IT spending market are focused on developing new product solutions to strengthen their position in the market. For instance, in May 2022, BAE Systems, a UK-based company operating in defense IT spending, launched a new lightweight head-up display LiteWave®for use in commercial and military aircraft. The product has unique features such as it can be fitted in aircraft with even the most limited cockpit space. It's also up to 80% faster to install and its simple design makes maintenance quicker and cheaper. It marks the next stage in bringing state-of-the-art digital technology to the marketplace and is available to begin flight trials for future customers on commercial and military aircraft.

In February 2021, Veritas capital, a New York-based private-equity firm acquired Northrop Grumman for an amount of $3.4 billion in cash. This acquisition creates a leading government mission capability integrator and IT provider focused on delivering high-end technology-enabled services and unparalleled support to a broad range of critical government missions. Northrop Grumman is a US-based company operating in defense IT spending.

The countries covered in the defense IT spending market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The defense it spending market research report is one of a series of new reports from The Business Research Company that provides defense it spending market statistics, including defense it spending industry global market size, regional shares, competitors with a defense it spending market share, detailed defense it spending market segments, market trends and opportunities, and any further data you may need to thrive in the defense it spending industry. This defense it spending market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r5985

Table of Contents

1. Executive Summary

2. Defense IT Spending Market Characteristics

3. Defense IT Spending Market Trends And Strategies

4. Defense IT Spending Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Defense IT Spending Market
  • 4.2. Ukraine-Russia War Impact On Defense IT Spending Market
  • 4.3. Impact Of High Inflation On Defense IT Spending Market

5. Defense IT Spending Market Size And Growth

  • 5.1. Global Defense IT Spending Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Defense IT Spending Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Defense IT Spending Market Segmentation

  • 6.1. Global Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Services
  • Hardware
  • Software
  • 6.2. Global Defense IT Spending Market, Segmentation By Force, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Defense Forces
  • Civilian Forces
  • 6.3. Global Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • IT Infrastructure
  • Cybersecurity
  • Defense Cloud Computing
  • Data Analytics
  • IT Application
  • Logistics and Assets Management
  • Other Applications

7. Defense IT Spending Market Regional And Country Analysis

  • 7.1. Global Defense IT Spending Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Defense IT Spending Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Defense IT Spending Market

  • 8.1. Asia-Pacific Defense IT Spending Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Defense IT Spending Market

  • 9.1. China Defense IT Spending Market Overview
  • 9.2. China Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Defense IT Spending Market

  • 10.1. India Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Defense IT Spending Market

  • 11.1. Japan Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Defense IT Spending Market

  • 12.1. Australia Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Defense IT Spending Market

  • 13.1. Indonesia Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Defense IT Spending Market

  • 14.1. South Korea Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Defense IT Spending Market

  • 15.1. Western Europe Defense IT Spending Market Overview
  • 15.2. Western Europe Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Defense IT Spending Market

  • 16.1. UK Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Defense IT Spending Market

  • 17.1. Germany Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Defense IT Spending Market

  • 18.1. France Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Defense IT Spending Market

  • 19.1. Eastern Europe Defense IT Spending Market Overview
  • 19.2. Eastern Europe Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Defense IT Spending Market

  • 20.1. Russia Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Defense IT Spending Market

  • 21.1. North America Defense IT Spending Market Overview
  • 21.2. North America Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Defense IT Spending Market

  • 22.1. USA Defense IT Spending Market Overview
  • 22.2. USA Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Defense IT Spending Market

  • 23.1. South America Defense IT Spending Market Overview
  • 23.2. South America Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Defense IT Spending Market

  • 24.1. Brazil Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Defense IT Spending Market

  • 25.1. Middle East Defense IT Spending Market Overview
  • 25.2. Middle East Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Defense IT Spending Market

  • 26.1. Africa Defense IT Spending Market Overview
  • 26.2. Africa Defense IT Spending Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Defense IT Spending Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Defense IT Spending Market Competitive Landscape And Company Profiles

  • 27.1. Defense IT Spending Market Competitive Landscape
  • 27.2. Defense IT Spending Market Company Profiles
    • 27.2.1. Leidos Holdings Inc
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Accenture plc
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. International Business Machines Corporation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. General Dynamics Corporation
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. BAE Systems PLC
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Defense IT Spending Market

29. Defense IT Spending Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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