Defense IT spending market is expected to grow at a CAGR of 3.11 percent during the period 2016-2020.
Key technology vendors in the global defense IT market include Accenture, CSC, Dell, HP and IBM.
One of the key trends for the growth in defense IT market will be use of Big Data and analytics in defense operations, according to a report in Research and Markets.
Globally defense operations generate data that requires analytics tools such as predictive analytics to convert the unstructured military data to meaningful insights for decision making process. The data is gathered from various sources such as military records, drones, defense intelligence systems and other sources are clustered together to find the correlations and patterns that can help to plot defense strategies.
Adoption of commercial-off-the-shelf products will be a key driver for growth in defense IT market. The defense sector is investing in commercial-off-the-shelf (COTS) products such as wearable computing, IoT, 3-D printing, and mobile solutions to increase the defense capability through cutting-edge technology.
The defense sector is embracing emerging technologies such as cloud computing, Big Data analytics, mobile technology, and wireless solutions. Investment in innovative IT solution is increasing in the defense services. The government is allocating their budget to implement next generation solution to improve efficiency and reduce military expenditures.