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A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.
The IT and professional services markets are highly competitive and are not dominated by a single company or a small number of companies. A substantial number of companies offer services that overlap and are competitive with most players offer. In addition, the increased importance of offshore labor centers has brought several foreign-based firms into competition. The share of the top three enterprises is about 10%. The key players are Leidos, Accenture, IBM, General Dynamics, BAE Systems, DXC, Dell, Northrop Grumman, Unisys, Atos, Capgemini, Fujitsu, Oracle, SAP, Microsoft, Amazon, AT&T, CACI International Inc, Atkins and so on.
The global economic malaise over the past several years, lack of confidence for sustained growth and ballooning government deficits are driving reductions in government budgets and, therefore, defense budgets, for the foreseeable future. Even countries with strong economies that are expected to weather the economic turbulence have set budgets that are at best flat, while most countries are planning reductions in defense expenditures over the next five years. At the same time, there has been no reduction in demand for militaries to perform operational missions in response to periodic flaring of regional tensions, as world events continue to validate. The competing tensions of national security concerns and pressure to address structural fiscal issues are causing the militaries in many countries to search for efficiencies and cost-reduction approaches. These efforts are essential to sustain the operational forces, equipment and personnel defense organizations have worked assiduously to develop, with the additional goal of investing in modernization efforts and future capabilities.
According to this study, over the next five years the Defense IT Spending market will register a 2.9% CAGR in terms of revenue, the global market size will reach US$ 88500 million by 2024, from US$ 76700 million in 2019. In particular, this report presents the global revenue market share of key companies in Defense IT Spending business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Defense IT Spending market by product type, application, key companies and key regions.
This study considers the Defense IT Spending value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Services
Hardware
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
IT Infrastructure
Network & Cyber Security
IT Application
Logistics & Asset Management
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Leidos
Accenture
IBM
General Dynamics
BAE Systems
DXC
Dell
Northrop Grumman
Unisys
Atos
Capgemini
Fujitsu
Oracle
SAP
Microsoft
Amazon
AT&T
CACI International Inc.
Atkins
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Defense IT Spending market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Defense IT Spending market by identifying its various subsegments.
Focuses on the key global Defense IT Spending players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Defense IT Spending with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Defense IT Spending submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
2019-2024 Global Defense IT Spending Market Report (Status and Outlook)
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Defense IT Spending Market Size 2014-2024
2.1.2 Defense IT Spending Market Size CAGR by Region
2.2 Defense IT Spending Segment by Type
2.2.1 Services
2.2.2 Hardware
2.2.3 Software
2.3 Defense IT Spending Market Size by Type
2.3.1 Global Defense IT Spending Market Size Market Share by Type (2014-2019)
2.3.2 Global Defense IT Spending Market Size Growth Rate by Type (2014-2019)
2.4 Defense IT Spending Segment by Application
2.4.1 IT Infrastructure
2.4.2 Network & Cyber Security
2.4.3 IT Application
2.4.4 Logistics & Asset Management
2.4.5 Others
2.5 Defense IT Spending Market Size by Application
2.5.1 Global Defense IT Spending Market Size Market Share by Application (2014-2019)
2.5.2 Global Defense IT Spending Market Size Growth Rate by Application (2014-2019)
3 Global Defense IT Spending by Players
3.1 Global Defense IT Spending Market Size Market Share by Players
3.1.1 Global Defense IT Spending Market Size by Players (2017-2019)
3.1.2 Global Defense IT Spending Market Size Market Share by Players (2017-2019)
3.2 Global Defense IT Spending Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Defense IT Spending by Regions
4.1 Defense IT Spending Market Size by Regions
4.2 Americas Defense IT Spending Market Size Growth
4.3 APAC Defense IT Spending Market Size Growth
4.4 Europe Defense IT Spending Market Size Growth
4.5 Middle East & Africa Defense IT Spending Market Size Growth
5 Americas
5.1 Americas Defense IT Spending Market Size by Countries
5.2 Americas Defense IT Spending Market Size by Type
5.3 Americas Defense IT Spending Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Defense IT Spending Market Size by Countries
6.2 APAC Defense IT Spending Market Size by Type
6.3 APAC Defense IT Spending Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Defense IT Spending by Countries
7.2 Europe Defense IT Spending Market Size by Type
7.3 Europe Defense IT Spending Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Defense IT Spending by Countries
8.2 Middle East & Africa Defense IT Spending Market Size by Type
8.3 Middle East & Africa Defense IT Spending Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Defense IT Spending Market Forecast
10.1 Global Defense IT Spending Market Size Forecast (2019-2024)
10.2 Global Defense IT Spending Forecast by Regions
10.2.1 Global Defense IT Spending Forecast by Regions (2019-2024)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Defense IT Spending Forecast by Type
10.8 Global Defense IT Spending Forecast by Application
11 Key Players Analysis
11.1 Leidos
11.1.1 Company Details
11.1.2 Defense IT Spending Product Offered
11.1.3 Leidos Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Leidos News
11.2 Accenture
11.2.1 Company Details
11.2.2 Defense IT Spending Product Offered
11.2.3 Accenture Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Accenture News
11.3 IBM
11.3.1 Company Details
11.3.2 Defense IT Spending Product Offered
11.3.3 IBM Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 IBM News
11.4 General Dynamics
11.4.1 Company Details
11.4.2 Defense IT Spending Product Offered
11.4.3 General Dynamics Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 General Dynamics News
11.5 BAE Systems
11.5.1 Company Details
11.5.2 Defense IT Spending Product Offered
11.5.3 BAE Systems Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 BAE Systems News
11.6 DXC
11.6.1 Company Details
11.6.2 Defense IT Spending Product Offered
11.6.3 DXC Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 DXC News
11.7 Dell
11.7.1 Company Details
11.7.2 Defense IT Spending Product Offered
11.7.3 Dell Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 Dell News
11.8 Northrop Grumman
11.8.1 Company Details
11.8.2 Defense IT Spending Product Offered
11.8.3 Northrop Grumman Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 Northrop Grumman News
11.9 Unisys
11.9.1 Company Details
11.9.2 Defense IT Spending Product Offered
11.9.3 Unisys Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.9.4 Main Business Overview
11.9.5 Unisys News
11.10 Atos
11.10.1 Company Details
11.10.2 Defense IT Spending Product Offered
11.10.3 Atos Defense IT Spending Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 Atos News
11.11 Capgemini
11.12 Fujitsu
11.13 Oracle
11.14 SAP
11.15 Microsoft
11.16 Amazon
11.17 AT&T
11.18 CACI International Inc.
11.19 Atkins
12 Research Findings and Conclusion
List of Tables and Figures
Table Product Specifications of Defense IT Spending
Figure Defense IT Spending Report Years Considered
Figure Market Research Methodology
Figur
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