Recently released analysis by noted research specialist Frost & Sullivan reveals that the Department of Defense (DoD) has great concerns about cyber-criminals and the possible loss of sensitive data. The analysis, contained in the report “US DoD Cybersecurity Market, Forecast to 2023,” shows that the DoD has been compelled by recent cyberattacks to invest more heartily in commercial-off-the-shelf (COTS) cybersecurity tools and artificial-intelligence (AI) defense. Given this boost by DoD customers, Frost & Sullivan forecasts the market for COTS cybersecurity tools 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.”
Curran expects that future cybersecurity efforts will attempt to integrate cybersecurity, offensive cyber-tools, and distributed live training into operational planning and achieve continuous improvement of cybersecurity weapons.