The global military cloud computing market is anticipated to grow at a considerable CAGR of 12.2% during the forecast period (2024-2031). The market growth is driven by the rising cyberwarfare threats due to the increasing sophistication of cyber attackers, the growing reliance of military organizations on digital technologies, and the availability of sensitive data with military organizations. For instance, in 2023, 36 government websites were hacked, and over 4.3 lakh cyber security incidents related to financial institutions were recorded. 20.0% of global organizations considered cyber espionage to be their number-one threat. 26.0% reported having difficulty keeping up with the scale and complexity of possible threats.
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The global military cloud computing market is segmented based on deployment type (into Public cloud, Private cloud, and Hybrid cloud), service model (into IaaS, PaaS, and SaaS), application (into command and control, ISR, logistics and supply chain management, and others), end-user (into army, navy, and air force) and geographies (into North America, Europe, Asia-Pacific, and the Rest of the World).
Market Highlights
- The IaaS segment is estimated to hold a major market share during the forecast period, as they offer a comprehensive and flexible cloud infrastructure, including virtualized computing resources, storage, and networking capabilities allowing for quick and easy deployment and scalability of the applications and services. Additionally, it also eliminates the need for physical infrastructure.
- Furthermore, among the regions North America holds the largest market share owing to the military advancements with the adoption of novel technologies in the region.
- Europe has the second biggest market in military cloud computing, attributed to the increasing adoption of cloud computing by European governments and the growing need for cloud-based military capabilities. Also, the reduced cost of data management and the elimination of the data center requirements are contributing to the growth of the regional market.
- As cloud computing offers advanced analytics and intelligence facilities, it has enormous opportunities in the military sector.
- However, the market growth is restrained by the prevalence of security concerns about potential data breaches, unauthorized access, and cyber threats. Thus, defense agencies require stringent security measures to effectively address the issues.
- Another challenge facing the defense industry is the connectivity and bandwidth limitations, required for the widespread adoption of cloud computing technologies.
The major players in the global military cloud computing market include Amazon Web Services, Inc., Google Cloud, IBM Corp. (IBM Cloud), Microsoft (Microsoft Azure), and Oracle (Oracle Cloud Infrastructure). These are contributing considerably to the market growth by the adoption of various market strategies. For instance, in April 2021, Army Futures Command’s Software Factory was set up in Texas. The factory utilizes cloud computing to speed up software development for the aerospace and defense industry.
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