DUBLIN, August 12, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Defense IT Spending Market 2016-2020" report to their offering.
The report forecasts the global defense IT spending market to grow at a CAGR of 3.11% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the key trends for market growth will be use of Big Data and analytics in defense operations. Defense operations generate enormous amount of data that requires analytics tools such as predictive analytics to convert the unstructured military data to meaningful insights for key decision-making process. The data is gathered from various sources such as military records, drones, defense intelligence systems and other sources are clustered together to find the correlations and patterns that can help to plot defense strategies.
According to the report, high adoption of commercial-off-the-shelf products will be a key driver for market growth. The defense sector is investing in commercial-off-the-shelf (COTS) products such as wearable computing, IoT, 3-D printing, and mobile solutions to increase the defense capability through cutting-edge technology. The defense sector is embracing emerging technologies such as cloud computing, Big Data analytics, mobile technology, and wireless solutions. Investment in innovative IT solution is increasing in the defense services. The government is allocating their budget to implement next generation solution to improve efficiency and reduce military expenditures.
Further, the report states that one of the challenges for the market will be shrinking defense budget.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/g57kcv/global_defense_it
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SOURCE Research and Markets