Santa Clara, Calif. – Sept. 12, 2018 – Frost & Sullivan’s recent analysis, US DoD Cybersecurity Market, Forecast to 2023, reveals that intense attacks from adversaries and non-state actors are compelling Department of Defense (DoD) cybersecurity spend for commercial off-the-shelf (COTS)-based cybersecurity tools and systems and the development of quantum computing and artificial intelligence technologies. Defense cybersecurity industry consolidation is expected to increase with firms emphasizing the acquisition of dual-use commercial technologies. Frost & Sullivan forecasts the market to reach $4.30 billion by 2023, growing at a compound annual growth rate (CAGR) of 2.3%.
“Persistent attacks on DoD networks make cybersecurity integration and new technology development necessary. There will be an increasing need for firms that can provide state-of-the-art cybersecurity services,” said Brad Curran, Industry Principal, Defense at Frost & Sullivan. “Maintaining network resiliency by assuring that people with the most advanced cybersecurity skills are available as well as ensuring robust cybersecurity and attack information coordination is a top priority for the DoD.”