Technology - - Jul 19,2017
It has been noted that the global aviation cyber security market is likely to rise at a CAGR of 7.4% from 2017 to 2025; market to acquire a valuation of US$4,759.3 million by 2025.
Aviation cyber security is known to be a collection of processes and practices which are primarily designed to protect aviation networks, database, and computers from cyber-attack or unauthorized access. Currently, the demand for aviation cyber security market is anticipated to increase in the coming years due to the increasing emphasis on smart airports.
Further, as a result of globalization, airline operators are working to expand their operations globally and are not staying limited to the country of origin. As per a recent report published by Market Research Reports Search Engine (MRRSE), the aviation cyber security market on the global scale is likely to hike at a CAGR of 7.4% from 2017 to 2025. Considering this pace, the market is expected to acquire a valuation of US$4,759.3 million by the end of the above mentioned period.
In terms of services, the worldwide market for aviation cyber security is bifurcated as managed security solution, training, and consulting. Among these, the segment comprising managed security solutions accounts for a major share of revenue in the global market; it is expected to hold control over 73% of the global market by the end of 2025.
It is interesting to know that as per the geographical aspect, the North America market focusing on aviation cyber security held dominance in terms of revenue contribution in the year 2016. The leading position of North America is chiefly recognized due to the presence of large airline operators and airports.
The leading players operating in the aviation cyber security sector in today’s time include Airbus Defence and Space SA, Computer Sciences Corporation, BAE Systems, Inc., General Electric Company, Harris Corporation, BluVector Inc. and General Dynamics Corporation.
For more information on this report visit- http://www.mrrse.com/aviation-cyber-security-market