Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 719.3 Million | USD 1189.93 Million | 5.2% | 2023 |
According to the report published by Zion Market Research, the global Persistent Threat Detection System (PTDS) Market size was valued at USD 719.3 Million in 2023 and is predicted to reach USD 1189.93 Million by the end of 2032. The market is expected to grow with a CAGR of 5.2% during the forecast period. The report analyzes the global Persistent Threat Detection System (PTDS) Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Persistent Threat Detection System (PTDS) industry.
The persistent threat detection system (PTDS) is a huge helium-filled system that is lighter in weight than the air system. It offers communication assistance to soldiers, identification, surveillance, and long-range information. It also involves different ways of communication including auditory forms, written, visual, verbal, and others. Military communication typically relies on a complex and diverse network of hardware along with different protocols for transmitting the messages across the people geographically.
The growth of the global persistent threat detection system (PTDS) market is expected to be powered by growing demand for advanced tactics. The market is expanding and thereby supporting many activities, including target selection, in addition to border defense combat damage assessment and region control. However, this complex business involves the inclusion of several critical emerging technologies like metamaterials, artificial intelligence, and robotics to maximize the information delivery process in an actionable manner precisely and timely.
Also, the other major factor driving the growth of the global persistent threat detection system (PTDS) market includes the growing number of advanced cyber-attack cases and security breaches like persistent threats, ransomware, malware, and zero-day exploits, which are further compelling the end-users to opt for advanced persistent threat protection market. Cyber-attacks are hampering the productivity of businesses and also causing loss to critical IT infrastructure, thereby stealing sensitive data and information. With the significant spike in digital transactions across different industries, cybercrime became more prominent. Therefore, to avoid data breaches and data leakages, these persistent threat detection systems became mandatory.
Besides this, the growing interest of people towards adopting cloud-based AP protection services and solutions are further likely to offer lucrative growth opportunities in the global persistent threat detection system (PTDS) market in the forthcoming years. The companies clinging to cloud-based models are now more susceptible to a number of cyberattacks than before. However, the outbreak of the Covid-19 pandemic has made a long-term structural change in the global persistent threat detection system (PTDS) market as the world is facing cyber-attacks more than before due to the fact that an increasing number of organizations are going online and adopting cloud-based models. Thereby, many tech firms and other startups are opting for innovative solutions for threat detection, thereby fueling the growth of the global persistent threat detection system (PTDS) market in the forthcoming years.
Major powers like the US have stopped military exercises and troops movement to prevent possible attacks and breaches as a consequence of pandemics. Amid the Covid pandemic period, national safety emerged as the foremost concern. Safeguarding soldiers and citizens became a prime requirement therefore, the need to maintain and handle tactical procurement associated with the defense sector continued in several countries.
The global persistent threat detection system (PTDS) market can be segmented into application, type, and region.
By application, the market can be segmented into defense and aerospace. The defense segment accounts for the largest share in the global market due to the increasing possibility of cyber-attacks and security breaches in the military sector.
By type, the market can be segmented into T-PTDS, B-PTDS, and others.
Report Attributes | Report Details |
---|---|
Report Name | Persistent Threat Detection System (PTDS) Market |
Market Size in 2023 | USD 719.3 Million |
Market Forecast in 2032 | USD 1189.93 Million |
Growth Rate | CAGR of 5.2% |
Number of Pages | 199 |
Key Companies Covered | AXIS Communications, Telephonics, Northrop Grumman, Thales, Flir Systems, Smiths Group, and Lockheed Martin |
Segments Covered | By Application, By Type And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global persistent threat detection system (PTDS) market due to the ongoing technological advancements in the region. Additionally, the region is the hub of the defense sector and is likely to foresee exponential growth in the forthcoming years.
However, Asia Pacific is expected to be the leading region in the global persistent threat detection system (PTDS) market in the forthcoming years due to the growing initiatives by the government in the region to strengthen its military and defense power. Furthermore, the growing research activities in the region are likely to offer lucrative growth opportunities in the regional market during the forecast period.
Some of the significant players in the global persistent threat detection system (PTDS) market include:
The Global Persistent Threat Detection System (PTDS) Market is segmented as follows:
By application
By type
FrequentlyAsked Questions
The growth of the global persistent threat detection system (PTDS) market is expected to be powered by growing demand for advanced tactics. The market is expanding and thereby supporting many activities, including target selection, in addition to border defense combat damage assessment and region control.
Some of the significant players in the global persistent threat detection system (PTDS) market include AXIS Communications, Telephonics, Northrop Grumman, Thales, Flir Systems, Smiths Group, and Lockheed Martin.
North America accounts for the largest share in the global persistent threat detection system (PTDS) market due to the ongoing technological advancements in the region. Additionally, the region is the hub of the defense sector and is likely to foresee exponential growth in the forthcoming years.
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