Global Cross Domain Solutions (CDS) Market Overview
The key driver impacting the cross domain solutions (CDS) market is the rising data security threats. For instance, According to the ISACA organization report, Cyber attacks are considered one of the fastest expanding crimes across the US, causing a calamitous business interruption. Globally, the cybercrime damages are predicted to reach the U.S. $6 trillion by 2021. In addition, there are growing cases of cyber attacks on defense, government agencies, and high-tech companies. For example, in April 2021, Hackers associated with Palestinian intelligence conducted a cyber espionage campaign compromising around 800 Palestinian activists, reporters, and dissidents both in Palestine and more widely across the Middle East. Similarly, in 2017, the most notable U.S. credit bureau, Equifax Inc., undergo a breach that represents the personal data of 145 million people, together with Social Security numbers. It was among the worst breaches on record as the amount of sensitive information stolen. Furthermore, in 2019, ransomware attacks got doubled from 2018. Moreover, the rising adoption of digitalization, creating a high demand for data security, thus contributes to cross domain solutions (CDS) market demand in the coming years.
According to Value Market Research, the global Cross domain solutions (CDS) market size was valued at around USD 1650 million in 2022 and is estimated to grow at a CAGR of about 10.3% during the forecast period 2023 to 2030.
The rising demand from various sectors such as military personnel, intelligence agencies, corporate security, and law enforcement/public safety organizations is likely to augment the demand in the forecast period. It is due to its convenient features and advantages associated with cross domain solutions. For instance, it facilitates timely and highly protected communication between multiple coalition partners, government or military agencies to process, store, and save data significant to security. In addition, it provides unprecedented flexibility, speed, and security provided, less cost-intensive, and it creates no requirement for accessing the complete classified information at diverse levels. However, the risk of gaining unauthorized access to copy and stealing information may hamper the market in the long run. Nevertheless, the current industry trends, such as increasing concerns regarding cybersecurity and growing usage in the supply chain industry for supply chain security and data protection, are expected to offer several beneficial market opportunities to the key players.
The Cross domain solutions (CDS) market is vast, with many local and global players. The Cross domain solutions (CDS) market is extensive, with many regional and international players. The prominent market leaders follow several strategies to improve their market status, such as extending product portfolio, acquisitions, contracts, acquisitions, amalgamation, acquisitions, product upgrades to mount their market share across the globe. The prominent players studied in the report include AWS, Google, Microsoft, Cisco Systems, Inc., Symantec Corporation, and IBM.
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In this research report, the Cross domain solutions (CDS) market is segmented by component and region.
Analysis by Component:
By component, the report is categorized into software, hardware, and services. The hardware segment dominates the component segment with over 45% in the forecast period. It is because hardware elements are an essential part of cross domain solutions. Also, the rising deployment of cross domain solutions across industries to secure their data contributes to the growth of hardware component in the coming years.
Analysis by Region:
In the regional outlook of the global Cross domain solutions (CDS) market, the North America region dominates globally with a 30% market share in the forecast period. It is due to the rising expenditure by the US military dedicated to data protection and privacy. Also, rising cases of cyber-attacks are creating demand for cross domain solutions in the region. Moreover, the growing need to tackle the increasing global interoperability challenges among the forces creates demand for cross-domain solutions deployment, thus contributing to tremendous market growth across North America.
Market Segmentation covered in the Report:
By Component
- Hardware
- Software
- Services
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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