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.
Browse the full report description of “Military Cloud Computing Market Size, Share & Trends Analysis Report Market by Deployment Type (Public Cloud, Private Cloud and Hybrid Cloud), by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), by Application (Command and control, Intelligence, Surveillance, and Reconnaissance (ISR), Logistics and Supply Chain Management, and Others), by End-User (Army, Navy and Air Force) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/military-cloud-computing-market
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 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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