DUBLIN–(BUSINESS WIRE)–The “Aviation Cyber Security Market – Size, Share, Outlook, and Opportunity Analysis, 2021 – 2027” report has been added to ResearchAndMarkets.com’s offering.
Increasing adoption of cloud computing networks and services drives the growth of aviation cyber security market. Interpretation of a large volume of data in a complex environment is a major challenge for airlines. Moreover, ground staff requires this data to keep ground and air operations running seamlessly.
Increasing usage of cloud-based services for multiple workloads such as passenger management, data backups, ERP, CRM, and baggage management is expected to drive the growth of the global aviation cyber security market over the forecast period
Advantages of using cloud computing such as lower total cost of ownership, ease of scalability, increased productivity, and fast implementation of apps and services is a major factor for its adoption in the aviation industry. Moreover, cloud deployment in aviation increases vulnerabilities and makes it easily accessible to unauthorized users. Therefore, companies are shifting towards the adoption of cyber security solutions to secure their workloads on the cloud without risks of cyber threats.
Key players in the market are also focusing on developing cloud-based solutions to remain competitive in the global market. For instance, in September 2018, Thales Group, a global technology leader in the aerospace, transportation, space and defense & security markets, entered into a partnership with Saudi Telecom Company, to launch cloud encryption service for enterprise customers allowing them to protect and control their data in the cloud.
Market Dynamics
On the basis of deployment type, the global aviation cyber security market is segmented into on-premise and cloud/hosted. Cloud/hosted segment is expected to exhibit the highest CAGR of 9.3% over the forecast period and it is expected to generate a revenue of US$ 2,380.5 Mn in 2027.
This growth is owing to rise in demand for cyber security solutions over cloud and increase in awareness about the benefits of cloud-based security solutions such as easy access to vital business metrics, lower cost as compared to on-premise solutions, and higher performance.
On the basis of security type cloud security segment is expected to exhibit the CAGR of 8.4% over the forecast period. This segment is expected to generate revenue of US$ 856.7 Mn by 2027.
Cloud security is a set of controls which is used to protect and safeguard the data and the infrastructure involved in cloud computing.
With the integration of new technologies, the aviation system is dependent on cloud computing for its ground operations and management. Aviation companies are moving towards cloud computing as it increases the productivity of aviation operations and provides low-cost services compared to installing new IT infrastructures.
For instance, in April 2019, Lufthansa Systems, a Germany-based IT company, launched new line products combined with their cloud technologies. Products include NetLine, Lido, and SIRAX. These products help client in managing company’s finance, flight operations, and others.
Detailed Segmentation
Global Aviation Cyber Security Market, By Deployment Type:
Cloud/Hosted On-premise Global Aviation Cyber Security Market, By Security Type:
Endpoint Security Network Security Application Security Cloud Security Wireless Security Others Global Aviation Cyber Security Market, By Solution:
Antivirus and Anti-Malware Firewall Data Loss Prevention Security Information and Event Management (SIEM) Intrusion Detection Systems/Intrusion Prevention System Identity and Access Management (IAM) Governance, Risk and Compliance (GRC) Distributed Denial of Service (DDoS) Others Global Aviation Cyber Security Market, By Services:
Managed Services Professional Services Company Profiles
Airbus SE. Company Overview Product Portfolio Financial Performance Key Strategies Recent Developments/ Updates BAE Systems, Inc. F-Secure Corporation General Dynamics Corporation Harris Corporation Palo Alto Networks, Inc. Raytheon Company General Electric Company Computer Sciences Corporation BluVector Inc. Thales Group Rockwell Collins, Inc. Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Global Aviation Cyber Security Market, By Deployment Type, 2017-2027 (US$ Million)
5. Global Aviation Cyber Security Market, By Security Type, 2017-2027 (US$ Million)
6. Global Aviation Cyber Security Market, By Solution, 2017-2027 (US$ Million)
7. Global Aviation Cyber Security Market, By Services, 2017-2027 (US$ Million)
8. Global Aviation Cyber Security Market, By Region, 2017-2027 (US$ Million)
9. Competitive Landscape
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