According to Fortune Business Insights™, the global defense IT spending market was valued at USD 81.28 billion in 2019 and is projected to grow from USD 82.12 billion in 2020 to USD 145.97 billion by 2032, exhibiting a CAGR of 5.00% during the forecast period. The steady growth is attributed to rising global military expenditure, increased cyber threats, and accelerating adoption of next-generation technologies such as AI, IoT, and cloud computing in the defense sector.

Key Players in the Global Market

• Leidos Holding Inc. (U.S.)
• Accenture (Ireland)
• IBM Corporation (U.S.)
• General Dynamics Corporation (U.S.)
• BAE Systems PLC (U.K.)
• DXC Technology (U.S.)
• Dell Inc. (U.S.)
• Northrop Grumman Corporation (U.S.)
• Unisys Corporation (U.S.)
• Atos SE (France)
• Capgemini SE (France)
• Fujitsu Limited (Japan)
• Oracle Corporation (U.S.)
• SAP SE (Germany)
• Microsoft Corporation (U.S.)
• Amazon Inc. (U.S.)