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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.

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Published by Rishika Chavan, 2025-07-30 07:05:22

Defense IT Spending Market

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.

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