Published on : Jun 14, 2016
ALBANY, New York, June 14, 2016: ResearchMoz.us announces the inclusion of a new market research study to its large repository of research reports. The 55-page research report, titled “Global Aviation Cyber Security Market 2016-2020,” provides an in-depth analysis of the market, including the key drivers, product segmentation, challenges, geographical segmentation, and vendor analysis. The current trends and opportunities for market players have also been discussed in the scope of the research report. According to the research study, the global aviation cyber security market is anticipated to register a healthy 9.24% CAGR between 2016 and 2020.
The growing number of air passengers, increasing demand for cloud-based security solutions, and rising number of distributed-denial-of-a-service (DDoS) are some of the key factors projected to drive the market in the near future. However, the lack of efficient security solutions and several issues regarding compatibility are anticipated to hamper the growth of the market throughout the forecast period.
By application, the global aviation cyber security market has been classified into air cargo management, airline management, airport management, and air traffic management. In 2015, the airline management segment held a 44% share in the overall market. The rapid growth of this segment can be attributed to the rising implementation of airline management solutions to enhance financial results, operational efficiency, and customer services.
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By geography, the global aviation cyber security market has been divided into MEA, the Americas, APAC, and Europe. In 2015, the Americas emerged dominant with a 42% share in the global market for aviation cyber security. In the last few years, the U.S. government has been adopting cyber security solutions substantially in order to limit, prevent, and detect any unauthorized access to computer resources.
In addition, these solutions are also used widely to protect system boundaries, encrypt sensitive data, and monitor and audit activities on the systems of the Federal Aviation Administration. On the other hand, the governments of several countries such as Mexico, Peru, and Chile in South America are increasing their spending on cyber security solutions, owing to their growing dependence on cloud-based and other internet services.
The global aviation cyber security market comprises only a few pure-play vendors. At present, the market is at an early stage of maturation and is projected to step into the consolidation stage in the next few years. In addition, this market is extremely dynamic in nature, owing to the growing participation of players and increasing number of partnerships with existing players in order to strengthen their position in the market. The dominant players operating in the global aviation cyber security market include Raytheon, Cisco, IBM, Northrop Grumman, and BAE Systems. Some of the other players mentioned in the study are Booz Allen Hamilton, Fortinet, General Dynamics, Airbus, Thales, Boeing, and CSC.
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