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Military Cybersecurity Market to Grow by USD 17.9 Billion (2024-2028) Due to Cloud Adoption, AI-Driven Market Insights by Technavio

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NEW YORK, Sept. 16, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global military cybersecurity market size is estimated to grow by USD 17.90 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.53%  during the forecast period. Increase in adoption of cloud-based services is driving market growth, with a trend towards high adoption of AI and machine learning. However, system integration and interoperability issues  poses a challenge. Key market players include Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Corp., RTX Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Military Cybersecurity Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.53%

Market growth 2024-2028

USD 17903.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.45

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key countries

US, China, India, Russia, and UK

Key companies profiled

Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Corp., RTX Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc.

Market Driver

The integration of Artificial Intelligence (AI) and machine learning in military cybersecurity is anticipated to significantly contribute to economic growth, particularly in developed economies. Developed countries are adopting AI-based solutions at a faster pace due to their advanced infrastructure. Machine learning, a subset of AI, delivers outputs similar to humans without extensive programming. Technologies like autonomous vehicles, speech recognition, and advanced web searches utilize machine learning. Extensive research and development activities are ongoing in this field. As AI replaces human monitoring and analysis, human error is reduced, leading to more effective cybersecurity solutions. This enhancement is projected to fuel the expansion of the global military cybersecurity market. 

Military cybersecurity is a critical issue as military systems, networks, and infrastructure face increasing threats from cyber attacks. Unauthorized access, espionage, and malicious activities pose risks to military operations and defense organizations. State-sponsored attacks and cyber warfare are major concerns. Defense budgets continue to grow to fund cybersecurity measures, including cloud computing solutions from cybersecurity companies. Threat intelligence, incident response, machine learning, and quantum-resistant cryptography are essential security solutions. Defense organizations must also secure their supply chains and communication networks. Cybersecurity norms, cloud-based storage solutions, and investments by governments are driving innovation in areas like autonomous defense, blockchain, space operations, and security professional services. The Biden-Harris Administration prioritizes military cybersecurity, focusing on training and education, deployment modes, data security, application security, cloud security, and endpoint security. Defense personnel require ongoing training to counter evolving threats.

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Market Challenges

The military sector’s increasing adoption of advanced technologies brings about the need for network security solutions. However, defense agencies encounter challenges in integrating these solutions with their existing IT infrastructure. Vendors must offer unified IT solutions to ensure seamless integration. Technical issues during operations can result in significant costs and reduced efficiency. Hacking-related malfunctions, such as server errors and technical defects, pose a threat. To mitigate these risks, vendors must conduct rigorous trials before market introduction. Integration of multiple IT systems on traditional infrastructure can lead to cross-platform issues, potentially hindering military cybersecurity implementation and market growth.Military organizations face unique cybersecurity challenges in areas like supply chain security, threat intelligence, incident response, and defense security norms. Machine learning and quantum-resistant cryptography help strengthen network, endpoint, application, data, cloud, and communication security. Cyber-physical systems, autonomous defense, blockchain, and space operations require specialized solutions. Biden-Harris Administration’s focus on cybersecurity includes investments in cybersecurity technologies, professional services, training, and education. Challenges include hacking, import/export analysis, and compliance with defense security norms. Cloud-based storage solutions, security services, and encryption are essential for data protection. Access controls, national security, and incident response are critical components of defense cybersecurity strategies. Military cybersecurity requires a multi-layered approach to address the evolving threat landscape. This includes deploying security solutions for various modes, implementing communication networks with intelligence and surveillance capabilities, and ensuring supply chain security. Defense personnel need ongoing training to stay updated on the latest cybersecurity trends and best practices. Defense budgets continue to increase for cybersecurity initiatives, with investments in unmanned vehicles, cloud-based storage solutions, and security services.

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Segment Overview 

This military cybersecurity market report extensively covers market segmentation by  

Deployment 1.1 On-premise1.2 Cloud-basedType 2.1 Network security2.2 Data security2.3 Identity and access management2.4 Cloud securityGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 On-premise-  The on-premises segment dominated the global military cybersecurity market in 2022, accounting for the largest share. On-premises security solutions run on an organization’s own hardware infrastructure, enabling defense institutions to purchase licenses for cybersecurity software to operate on their local servers. The primary advantage of on-premises systems is data protection, as data is stored locally, granting end-users complete control. Military organizations maintain full authority over their network security without external interference. Although the demand for on-premises systems has decreased due to the rise of cloud-based alternatives, concerns regarding security, compliance, and network control continue to drive market growth.

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Research Analysis

The Military Cybersecurity Market encompasses the protective measures implemented to safeguard military systems, networks, and infrastructure from cyber threats. With the increasing reliance on technology for military operations, unauthorized access, espionage, and malicious activities pose significant risks. Defense organizations face threats from state-sponsored attacks, hacking, and import/export analysis. To counter these risks, governments are making substantial investments in cybersecurity technologies, including cloud-based storage solutions, encryption, access controls, and security services. The Biden-Harris Administration has prioritized cybersecurity, recognizing its importance to national security. Unmanned vehicles and defense personnel also require protection. The defense budget reflects this priority, with a growing allocation towards cybersecurity. Cybersecurity is essential to maintaining the integrity and confidentiality of military information, ensuring the safety of defense personnel, and preserving national security.

Market Research Overview

The Military Cybersecurity market encompasses the protection of Military systems, networks, and infrastructure from Cyber threats such as unauthorized access, espionage, malicious activities, and state-sponsored attacks. Cybersecurity measures are essential to safeguard Military operations and defense organizations from Cyber warfare. Defense budgets continue to prioritize Cybersecurity, with investments in Cloud computing, Cybersecurity companies, and advanced technologies like Machine learning, Quantum-resistant cryptography, Blockchain, and Autonomous defense. Military cybersecurity extends to securing Cyber-physical systems, communication networks, Intelligence and surveillance, and Supply chain. Defense organizations face various threats, including hacking, import/export analysis, and encryption breaches. Access controls and National security are paramount, with a focus on Cloud-based storage solutions, Security services, and Cybersecurity technologies. Personnel training and education are crucial, with deployment modes varying from on-premises to Cloud-based solutions. The Biden-Harris Administration has focued Military cybersecurity, with Defense personnel receiving increased training and education. Defense budgets continue to allocate funds for Cybersecurity, with a focus on securing Space operations, Unmanned vehicles, and Defense personnel. Cybersecurity norms and regulations are evolving, with a growing emphasis on Threat intelligence, Incident response, and Deployment modes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloud-basedTypeNetwork SecurityData SecurityIdentity And Access ManagementCloud SecurityGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Greenlane Renewables Announces Management and Board of Director Changes

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~Appointment of Stephanie Mason as CFO completes planned succession~

VANCOUVER, BC, Nov. 15, 2024 /CNW/ – Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN) (FSE: 52G) today announces the appointment of Stephanie Mason as Chief Financial Officer (“CFO”), effective January 13, 2025.

Ms. Mason brings over 15 years of experience to her new role as Greenlane’s CFO. Ms. Mason has been with Greenlane for over 4 years, most recently as Director of Finance following a promotion from Corporate Controller. Prior to working at Greenlane, Ms. Mason gained experience at other TSX-listed renewable energy companies managing teams responsible for financial reporting, regulatory compliance and other finance activities. Ms. Mason developed her strong accounting foundation at PricewaterhouseCoopers where she obtained her CPA, CA designation.

“We are excited to welcome Stephanie into the role of CFO,” said Brad Douville, CEO of Greenlane Renewables. “Stephanie brings a depth of expertise in finance, reporting, and operations and provides continuity in leadership at Greenlane. Transitioning overall financial leadership from Monty Balderston to Stephanie starting at the beginning of 2025 completes a planned succession as we continue to advance our strategic goals in the RNG space. During his tenure as CFO over the last couple of years, Monty has provided solid leadership of the finance function at Greenlane and played a pivotal role on the senior management team. I want to thank Monty for all of his contributions.”

“I am honored to become Greenlane’s CFO. This is an organization recognized for its commitment to sustainability and innovation,” stated Ms. Mason. “I look forward to contributing to the company’s financial reporting strength and supporting its growth objectives.”

Mr. Balderston will remain as CFO until voluntarily resigning effective January 13, 2025. Mr. Balderston will support the transition to Ms. Mason upon her appointment, following which he will leave the Company on January 24, 2025.

Further to the management update announced on August 23, 2024, Ian Kane will be completing his transitional role as President and will leave the Company on November 22, 2024 when he will step down from Greenlane’s Board of Directors. The Company wishes to thank Mr. Kane for all of his efforts in helping drive Greenlane’s business plan.

About Greenlane Renewables

Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading specialist in biogas upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years. The systems we provide transform biogas generated from organic waste into high-value grid-ready renewable natural gas (“RNG”). Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources including agriculture (such as dairy and hog manure), water resource recovery facilities, food waste, landfills, and sugar mills. Greenlane is the only biogas upgrading company offering and actively deploying the three main upgrading technologies: waterwash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. Greenlane has delivered over 145 biogas upgrading systems into 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulfurization units. For further information, please visit www.greenlanerenewables.com.

SOURCE Greenlane Renewables Inc.

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Eastside Distilling, Inc. Announces Private Placement Offering

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Eastside Distilling, Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000.

PORTLAND, Ore. and PROVIDENCE, R.I. , Nov. 15, 2024 /PRNewswire-PRWeb/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a holding company for Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and for Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000. Under the terms of a Securities Purchase Agreement, the Company sold $1,938,000 in original issue discount Senior Secured Notes (the “Notes”) and Pre-Funded Warrants to purchase 363,602 shares of Common Stock (the “Warrants”).

Joseph Gunnar & Co., LLC acted as the exclusive placement agent in connection with the Offering.

For an overview of the terms of the securities and transactions involved in the Offering, and copies of the forms of transaction documents entered into in connection therewith, please refer to the Company’s Current Report on Form 8-K filed on November 15, 2024 with the Securities and Exchange Commission. The Company plans to utilize the net proceeds for working capital and general corporate expenses, among other uses.

About Eastside Distilling

Eastside Distilling, Inc. (Nasdaq: EAST) is a producer of award-winning craft spirits, including whiskey, vodka, and rum. Founded in Portland, Oregon, Eastside is committed to quality, innovation, and sustainability, delivering exceptional products that reflect the spirit of the Pacific Northwest.

About Beeline Financial Holdings, Inc.

The Company recently closed on a merger with Beeline Financial Holdings, Inc. Beeline is a technology-driven mortgage lender offering a fully digital, AI-enhanced, platform that simplifies and accelerates the home financing process for homeowners and property investors. Based in Providence, RI, Beeline is dedicated to transforming the mortgage industry through innovative technology and customer-centric solutions.

Media Contact

Nick Luzza, BEELINE MORTGAGE , LLC Refinance, 1 4014184461 4014184461, nick@makeabeeline.com, https://www.eastsidedistilling.com/ 

View original content:https://www.prweb.com/releases/eastside-distilling-inc-announces-private-placement-offering-302306634.html

SOURCE BEELINE MORTGAGE , LLC Refinance

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The game-changer: New partnership between real estate tech innovator and luxury brokerage investor just gave agents at select firms valuable advantages and ease

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DALLAS, Nov. 15, 2024 /PRNewswire/ — The parent company of Briggs Freeman Sotheby’s International Realty, the leading luxury brokerage in Dallas, Fort Worth and all of North Texas, announces its groundbreaking partnership with Rechat, real estate’s only AI-powered Experience Management Platform for agents.          

Peerage Realty Partners, the world’s largest strategic investor in Sotheby’s International Realty affiliates, and Dallas-based Rechat have just advanced the real estate industry in a significant leap, through state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate technology.          

Rechat was built to solve a universal and persistent problem faced by agents: the need to toggle between disparate platforms to manage the various aspects of their business. Briggs Freeman Sotheby’s International Realty has been working with Rechat almost since its beginning, as a first client, test case and collaborator. Now, years of innovation later, Rechat includes a marketing center, people center and deals center, allowing advisors to work within one integrated ecosystem to streamline tasks, automate listing marketing, create high-quality collateral, track transactions and more.          

Says Rechat CEO Shayan Hamidi: “We are dedicated to equipping agents with all of the tools they need — in one single tab or one single app — to excel in today’s competitive market.”          

Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America. Its brokerage partners include top Sotheby’s International Realty affiliates and other renowned independent firms. It has more than 6,100 advisors across 206 offices in the U.S. and Canada, to whose brokerages it provides strategic input, technology, marketing, operational expertise and much more. Its primary goal is to continually enhance the client, advisor and brokerage experiences through every phase of a transaction and beyond. Peerage Realty is projected to transact about $34.8 billion in sales in 2024 through its partner firms. Peerage Realty Partners, based in Toronto, Canada, has the unique benefit of being a privately owned enterprise, committed to long-term partnerships and investments.  

Says Gavin Swartzman, CEO of Peerage Realty Partners: “We are delighted to partner with Rechat to enhance our technological capabilities and provide our advisors with industry-leading tools. This collaboration aligns seamlessly with our ongoing commitment to leveraging innovation to better serve our clients and propel growth across our network.”    

To learn more, visit briggsfreeman.com, rechat.com and peeragerealty.com.

Peerage Realty Partners — the parent company of Dallas-based Briggs Freeman Sotheby’s International Realty and the world’s largest strategic investor in Sotheby’s International Realty affiliates — and Dallas-based Rechat, the creator of real estate’s only AI-powered Experience Management Platform for agents, have just advanced the real estate industry via state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate tech. Rechat has eliminated the need for agents to toggle between disparate platforms to manage the various aspects of their business. After years of collaboration with Briggs Freeman Sotheby’s International Realty, Rechat now includes a marketing center, people center and deals center, allowing advisors to streamline tasks, automate listing marketing, create collateral, track transactions and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-game-changer-new-partnership-between-real-estate-tech-innovator-and-luxury-brokerage-investor-just-gave-agents-at-select-firms-valuable-advantages-and-ease-302306550.html

SOURCE Briggs Freeman Sotheby’s International Realty

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