VANCOUVER, B.C., Oct. 30, 2020
- The increasing number of security breaches in defense agencies and extensive rise in investment in defense & foreign intelligence are the major factors influencing the market growth
- Market Size – USD 32.96 billion in 2019, Market Growth - CAGR of 3.8%, Market Trends – Higher usage of Command & Control Systems in defense intelligence agencies
VANCOUVER, B.C., Oct. 30, 2020 /PRNewswire/ -- The Global Command & Control Systems Market is forecasted to be worth USD 44.76 billion by 2027, according to the latest analysis by Emergen Research. The key factors influencing the market include increasing usage of geospatial intelligence, rising cybercrimes involving data breaches from confidential governing bodies, rising threats & tensions in asymmetric welfare, and growing investment in the defense bodies & foreign intelligence platforms, among others.
Besides, extensive emphasis on the common operating picture (COP) of military operations, and higher capabilities of information dominance, battlefield awareness, and decision advantages of the command and control systems are the major reasons behind the enormous growth of this market. Moreover, higher usage of space-based command and control infrastructure and smart city command center applications are expected to fuel the market growth.
The global landscape of the Command & Control Systems Market is expected to remain highly competitive and fragmented, consisting of a number of both small start-ups & medium enterprises and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in the products offered in the sector create enormous potential for innovative players.
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Further key findings from the report suggest
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For the purpose of this report, Emergen Research has segmented the Global Command & Control Systems Market on the basis of application, platform, component, end-user, and region:
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