Industry News

Transparency Market Research has released a new report that projects the global man-portable military electronics market to hit $19.7 billion in total value by 2019. The report also predicts the Asia-Pacific region will see “significant growth” in the man-portable military electronics market over the coming months as governments in the region push forward on military modernization […] More

Exelis has been awarded a $6.3 million task order to manufacture portable simulation systems for the U.S. Air Force to test radar warning receivers of multiple aircraft platforms. The order is for the company’s AN/PLM-4 Radar Signal Simulators and falls under a contract the company won in July 2012, Exelis said Monday. Jennifer Schoonover, vice […] More

Research and Markets forecasts that the banking, financial services and institutions (BFSI) security market currently valued at $21.53 billion will reach a market value of $37.35 billion by 2019 at a compound annual growth rate of 11.6 percent. The firm said Monday that the BFSI security market is segmented into two widely adopted submarkets, the physical security systems […] More

A new MarketsandMarkets report indicates that the mobile data protection market will be worth $3.54 billion by 2019 due to the demand for measures that protect enterprise data as companies adopt bring-your-own-device and other mobility practices. The firm said Friday that the market value will climb at a compound annual growth rate of 22.4 percent over the next five years, […] More

International Data Corporation has revealed its 2015 predictions for the world’s governments based on the results of its FutureScape survey on the industry. The market analyst, which launched the forecast report at a recent web conference, said Thursday that public sector communities in many regions may be on the verge of an important change, and highlighted technology’s […] More

A Northrop Grumman subsidiary will continue to provide marine electronics and related support to Carisbrooke Shipping following a renewal of their contract. The agreement calls for Northrop’s Sperry Marine unit to supply navigation, communications and data recording systems for 23 bulk carriers operated by the U.K-based shipping firm, Northrop said Thursday. “It ensures Carisbrooke will […] More

Karen Dahut, an executive vice president at Booz Allen, has outlined several components and systems to drive innovation across an organization. Dahut, head of Booz Allen’s strategic innovation group, authored a blueprint that highlights methods for harnessing an organization’s capabilities and developing avenues for fresh ideas, Booz Allen said Thursday. “By taking the right steps and focusing their energies, […] More

Transparency Market Research (TMR) stated in a new report that it expects the global big data market to grow at a 40.5-percent compound annual growth rate (CAGR) from 2012 through 2019, reaching a market value of $48.3 billion. Growing at a CAGR of 45.3-percent the storage sector represents the largest share of revenues. The report stated that technology applications in […] More

Visiongain has released a new report that indicates the military electro-optical infrared systems market reached $8.38 billion in 2014. The report also predicts an increase in demand for military EO/IR systems through 2024, with North America and Europe slated to lead the market in technology and research and development, Reportlinker said Wednesday. Emerging military nations will look to integrate those systems into new procurement and […] More

Transparency Market Research has released a report that predicts the global military radar market will reach $8.44 billion in worth in 2019. The increase represents a 2.9 percent compound annual growth rate from the $6.9 billion recorded in 2012, Transparency Market Research said Thursday. Security and economic concerns, strategic alliances, border protection issues, growing government defense investments and increasing demand […] More