Military Communications Market Size is expected to Reach USD 35.4 Billion by 2028 | CAGR of 7.9%
Chicago, Sept. 29, 2023 (GLOBE NEWSWIRE) -- The *Military Communications Market Size* * **by Platform (Land, Naval, Airborne, Unmanned Vehicles), Application, System, Point of Sale (New Installation, Upgrade), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2028.*
*Military Communications Market** Size** **Market Players *
Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Elbit Systems (Israel), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US), BAE Systems(UK), Saab AB (Sweden), Aselsan A.S (Turkey), Viasat Inc (US), Rheinmetall AG (Germany), Leonardo(Italy), Israel Aerospace Industries (Israel)
*Dowload PDF Brochure :*
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=66198542
*Opportunities: Use of Cloud-based solutions*
The integration of cloud-based solutions in military communications Industry is an evolving paradigm that offers multiple advantages, albeit with certain challenges to address. Here's a look at the use of cloud solutions in Military communications:
*Data Centralization:* Cloud solutions can centralize vast amounts of data from disparate sources, facilitating easier data management and more efficient access for authorized personnel from anywhere.
*Scalability:* Cloud infrastructures can easily scale based on the requirements. This means that military organizations can adjust their data storage and processing capabilities without massive capital expenses.
*Cost-Effectiveness:* Over time, cloud solutions can lead to cost savings, as they reduce the need for extensive on-premises infrastructure, maintenance, and manual upgrades.
*Flexibility and Agility:* Military units can rapidly deploy, modify, or scale applications hosted on cloud platforms, ensuring agility in response to changing operational requirements.
*Disaster Recovery and Redundancy:* Cloud providers often have multiple data centers in various locations, ensuring data redundancy and quicker disaster recovery.
*Collaboration and Real-time Updates:* Cloud platforms can enhance collaboration by providing real-time data access to multiple units or even allied forces, ensuring everyone operates with the latest information.
*Challenges: Complexity and data management*
The complexity of military communications refers to the challenges associated with collecting and analysing the large amounts of data generated by these systems. Military communications capture information across multiple platforms and wavelengths, resulting in a wealth of information that must be analysed and interpreted to be useful. The challenge lies in extracting meaningful insights from this data, which can be time-consuming and difficult. Given the sensitive, diverse, and voluminous nature of data in military settings, managing it efficiently becomes both crucial and challenging. For example, military data, depending on its type and relevance, might have different lifecycles. Determining how long to store data, when to archive or delete it, and ensuring compliance with regulations can be complicated.
*“Browse in-depth TOC on "**Military Communications Market Size,** share, value, Trends,* *Growth Drivers**"*
*188 – Tables*
*54 – Figures*
*246 – Pages*
*Military Communications Companies - Lockheed Martin Corporation (US) and Raytheon Technologies Corporation (US) are the Key Players*
*Lockheed Martin Corporation (US)*
Lockheed Martin Corporation is a prominent American aerospace, defense, arms, security, and advanced technologies company. Its diverse business segments include Aeronautics, Rotary and Mission Systems, Space Systems, and Missiles and Fire Control.
*Raytheon Technologies Corporation (US)*
Raytheon Technologies is an American multinational aerospace and defense conglomerate headquartered in Waltham, Massachusetts. The company was formed in 2020 through the merger of Raytheon Company and United Technologies Corporation. Raytheon Technologies is a major player in the aerospace and defense industry, and it provides a wide range of products and services, including aircraft, missiles, radars, and space systems. Raytheon Technologies is also a major player in the development of new milcom technologies.
*Related Reports:*
*[291 Pages Report]* The *Software Defined Radio Market* *Size *is projected to grow from *USD 10.0 Billion in 2022* to *USD 12.5 Billion by 2027*, at a *CAGR of 4.6%* from 2022 to 2027.
https://www.marketsandmarkets.com/Market-Reports/software-defined-radio-market-138946173.html
CONTACT: About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com