Global Defense IT Spending Market Set To Reach $129.87 Billion By 2029: Driven By Autonomous System Developments and Expanded IoT Integration
What Is The Projected Market Size And Growth Rate Of The Global Defense IT Spending Market? The defense IT spending market has been witnessing steady growth over the last few years. From a size of $92.68 billion in 2024, the market is projected to grow to $96.57 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. This growth can be majorly attributed to cybersecurity concerns, shift to cloud services, advancements in AI, and analytics, and integration of IoT. Furthermore, the defense IT spending market size is projected to witness strong growth in the coming years. By 2029, the market size is estimated to hit $129.87 billion at a CAGR of 7.7%. This growth can be attributed to the development of autonomous systems, emphasis on mobile solutions, focus on interoperability, modernization initiatives, IoT expansion, and advancements in AI and analytics. How Can I Sample The Global Defense IT Spending Market Report? If you're interested in a detai...