According to a new industry research report published by Credence Research “Advanced Electronic Technologies for the Intelligence Community industry (Technology – ISR, Cyber Security, Data Analytics, Video Surveillance, Communication Systems, Disaster Warning and Recovery Systems, Biometrics, RF Devices and Others) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”, the global advanced electronic technologies for the intelligence community industry was valued at US$ 24.25 Bn in 2015 and is projected to reach US$ 35.34 Bn by 2023, expanding with a CAGR of 4.8% through the forecast period 2016 to 2023.
The complete report is available at http://www.credenceresearch.com/report/advanced-electronic-technologies-for-the-intelligence-community-market
The global advanced electronic systems for intelligence community industrys are undergoing major shifts. Attacks on major countries and key regions of Middle East and Africa, Europe and Asia have shook the intelligence community, where further growth in such instances is anticipated with emergence in power of adversaries. industrys that were once dominated by North America and West Europe is moving towards East. Rapid developments in ICT technologies are further creating newer opportunities in the advanced electronic systems in intelligence community for intelligence community industry.
The overall advanced electronic technologies for the intelligence community industry is highly driven by the rising expenditure worldwide over defense and intelligence organizations. Many national governments are now more inclined towards installing advanced surveillance and analytics solutions so as to monitor and predict threats to their nations. Due to significant threat from terrorists’ attacks across different countries, the demand for better surveillance, communication analytical solutions is expected to soar substantially during the forecast period. Rising threat of cybercrime is another major factor fueling the industry growth.
The overall advanced electronic technologies for the intelligence community industry is highly competitive in nature. National governments are the only major customers for industry players. Subsequently, companies operating in the industry have special focus towards acquiring government contracts of various nations worldwide. Majority of the companies in the industry are quite established and have long history in the industry. This significantly minimizes the threat of new entrants in the industry. However, with the ever rising threat of terrorists’ activities, there exists a strong need for constant innovation and upgrading of the existing systems. As a result, industry players invest heavily on research and development so as to cope with the rapidly changing customer demands.
High focus on research and development in electronic systems as well as platforms
Acquisition and partnership with the existing players in industry
Definitive agreements for new product development
Focus on government contracts
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