C4ISR Market - Rising Incidence of Asymmetric Warfare Demands Growth

The global C4ISR market is considered to remain fragmented in nature with several players engaged over the next few years, states a new study by Transparency Market Research. The prominent players in the market are likely to emphasize on technological developments, which are projected to support the growth of the market in the next few years.

In addition to this, the rising number of collaborations, acquisitions, and mergers are expected to generate potential opportunities for the players in the near future. Also, the players are predicted to target several developing economies, thus ensuring the market growth in the near future.

As per the research study by TMR, the global market for C4ISR is projected to reach a value of US$ 132.26 Bn by the end of 2026. The market is further anticipated to register a 3.80% CAGR between 2018 and 2026. The North America market for C4ISR is expected to account for a large share and register 4.0% CAGR between 2018 and 2026.
The increasing expenditure by government organizations for research activities is expected to enhance the growth of the North America market in the next few years. Furthermore, Europe is likely to hold the second position in the market, thanks to the increasing contribution from Russia, Germany, and the U.K.
The global C4ISR market is expected to experience a slight downfall in the growth of the market in the next few years. The high cost that are required for the development and maintenance of the C4ISR systems is expected to inhibit market growth in the near future. Moreover, the integration of C4ISR systems that are used by the different military arms so as to enhance the interoperability is likely to act as a major challenge for the market players in the near future.
The rising concerns related to data processing and storage is further expected to restrict the growth in the near future. But, the rapid development of the secured networks to combat the cyber-attacks are estimated to support the growth of the overall market in the next few years.

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