Global Aviation Cyber Security Market 2015-2019 with BAE Systems, Boeing, Booz Allen Hamilton, General Dynamics, Lockheed Martin, Northrop Grumman & Raytheon Dominating

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Mar 06, 2015, 10:08 ET

DUBLIN, Mar. 06, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/84vgfw/global_aviation) has announced the addition of the "Global Aviation Cyber Security Market 2015-2019" report to their offering.

The Global Aviation Cyber Security market to grow at a CAGR of 5.94% over the period 2014-2019

Cyber threats are internet-based attempts to disrupt or damage IT systems and hack critical information using spyware, malware, and phishing. Cyber security solutions help organizations in the Aviation sector detect, monitor, report, and counter cyber threats while maintaining the confidentiality of IT systems. Aviation cyber security solutions help protect critical data or any kind of digital asset stored on a computer or in a digital memory device. In the current scenario, increased internet penetration has given rise to sophisticated attacks on IT business infrastructure. Cyber threats are a major concern for the Aviation sector because of the increased use of mobile devices and applications.

The demand for cloud-based security solutions is one major trend emerging in the market. End-users prefer cloud-based security solutions as they are cost-effective and can be managed easily and this encourages vendors to introduce cost-effective cloud-based security solutions in the market and both large enterprises and SMEs to adopt them.

According to the report, the need to improve the quality of cyber protection is a major growth driver. With cyber-attacks becoming more frequent, organizations in the Aviation sector are increasingly implementing IT security solutions to efficiently monitor these threats and provide enhanced protection to critical IT infrastructure. The quality of protection can also be improved by outsourcing security handling responsibilities to service providers. Therefore, a large number of companies in the Aviation sector are adopting cyber security solutions, which is driving the growth of the market.

Further, the report states that the high cost of implementation is one of the major challenges in the Global Aviation Cyber Security market. The deployment of cyber security measures is expensive as it has specific requirements. Implementing a cyber security solution usually takes a long time. This makes the implementation process critical because once started it becomes expensive to make any changes. Implementation also includes extensive additional infrastructure, complex programming, and extra time and money to ensure quality integration with other solutions.

To calculate the market size, the report considers the revenue generated from the following segments of aviation cyber security: