Global C4ISR Market is Projected to Grow at a CAGR of 4.5% by 2033: Visiongain Reports Ltd
Visiongain has published a new report: C4ISR Market (COVID-19 Impact Analysis):- Market Segment by Solution (Hardware, Software & Services), Market Segment by Platform (Airborne, Land, Naval, Space), Market Segment by Application (Command and Control, Communications, Computing, ISR, Electronic Warfare), Market Segment by End-User Industry (Defence & Space, Homeland Security, Commercial) plus COVID-19 Impact Analysis and Recovery Pattern Analysis ("V"-shaped, "W"-shaped, "U"-shaped, "L"-shaped), Profiles of Leading Companies, Region and Country.
The global C4ISR market was valued at more than US$130 billion in 2022 and is projected to grow at a CAGR of 4.5% during the forecast period 2023-2033.
Growing Cloud Computing Industry
ICT (Information Communication Technology) has grown in importance within the defense industry over time and has been crucial in determining outcome of wars. Therefore, many nations are investing in cutting-edge technology to take advantage of the changing nature of combat. Defense organizations all around the world are gradually moving toward the cloud computing model for the safety and security of their nations. Agencies are becoming more aware of key components of cloud computing, such as interoperability, which denotes that collaboration between the tri-service (Army, Navy, and Air Force) and allies allows for the sharing of crucial information about dangers and risks posed by adversaries. Because of network-based virtualization and cloud computing, defense agencies can access anything from anywhere in the world.
Continue read on benzinga.com