Military Communications Market worth $30.12 Billion by 2019, according new study on ASDReports
The report covers all the major sub segments of the military communications market and provides quantitative (market size and market growth) and qualitative (trends, analysis, and insights)
Since early times, military communication technologies have changed many folds with new frequency adoption, software embedded products, and cost-effective methods. Security and confidentiality of data is the utmost requirement in military communications, for which new solutions are constantly introduced. It is expected that future outlook for growth in the military communications market will continue to remain bright as companies continue to search for open and distributed architectures. With the adoption of new technologies and advancements it is expected that requirement of military products and services will continue to grow.
The new study has segmented the military communications market by types of communication:
The study forecasts the military communications market to grow from $18.46 billion in 2014 to $30.12 billion in 2019. This represents a Compound Annual Growth Rate (CAGR) of 7.2% from 2014 to 2019.
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