Saturday, 6 January 2018

What Are The Growth Prospects For Cyber Security Military Business

By Gary West


A myriad of far reaching changes in defense technology have been notable over the last ten years. Presently, there is a marked shift in priority from conventional warfare to internet warfare. With fast technological advancement, newer threats to systems that critically depend on information technology have become evident. This change has had an impact in cyber security military business.

As it stands, the cyber security market has a plethora of solutions for federal agencies and military organizations. These solutions include cloud systems, wireless solutions, application solutions and network safety. The beauty of these advanced solutions is that they are fully capable of being integrated as one to form layered defense lines.

Today, web based attacks are very sophisticated. With every passing day, ill intentioned hackers develop programs that can actively penetrate networks used by banks and government institutions. Some of the most infamous attacks emanate from internet worms, stealth bots and zero day codes.

Luckily, vending companies specializing in the business have not been left behind. Each year, they release programs aimed at countering the tools developed by the hacking underworld. The trick is to always stay a step ahead of the attacker. Notable improvements have been made in the development of threat detection systems, firewalls, attack mitigation techniques and internet safety policies.

Most solution vendors tend to go with trends in as far as product development is concerned. For instance, critical national infrastructure projects face mounting threats from the cyber underworld. Areas that need advanced protection include government networks, the national power grid and water systems. These areas regularly bear the brunt of economic state sponsored hacking.

Statistics indicate that homeland security and the military account for about 40 percent of business in the technology market. Many nations also spend a fortune funding firms that specialize in research on impenetrable solutions. There is no doubt that companies that offer tailored solutions have a lot to gain in the coming years.

One sector that gets immense research funding is aerospace defense. There are ever growing threats of aerial attacks from rival nations and tech savvy insurgency groups. Furthermore, drone technology has only gotten better. As a result, there is a race between countries to develop superior fighter jets, radar systems, missiles and drones. Contractors rake in billions each year from government supplies contracts.

The companies that offer solutions can be classified as defense companies and vendors. Vending companies are those whose products are mainly centered on information safety. On the other hand, defense companies mainly handle government contracts that cut across all areas of homeland security. They mostly handle large scale hardware projects as opposed to the software projects that typical vendors handle.

While many militaries are still slow when it comes to growth, the bottom line is that technology waits for no one. As time goes, more and more products will have to be developed to support the slow but steady use of technology in the industry. Vendors will have to tailor their operations to primarily meet changing demand trends.




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