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According to the latest report by IMARC Group, titled "Battlefield Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global battlefield management market exhibited moderate growth during 2015-2020. A battlefield management system utilizes complex software and interconnectivity to perform various missions pertaining to the battlefield and military. It effectively integrates the information acquired from real-time data and processes the required information to surge command of a military unit. It comprises sensors, hand-held or wearable devices, weapon platforms and multiple navigation, computing, imaging and communication systems that assist in improving the decision-making skills through collaborative planning. Consequently, these portable control and command systems form one of the key components of network-centric warfare programs across the defense sector.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Battlefield Management Market Trends:
The global market is majorly driven by significant growth in the defense sector. Due to the rising need for military modernization and growing situational awareness, there has been an escalating need for efficient battlefield management systems across the globe. Moreover, the rising adoption of digitalization across the sector is also creating a positive outlook for the market. The market is further driven by the widespread integration of advanced battlefield management systems with military vehicles to provide improved surveillance, navigation, and communications. Additionally, the increasing need to safeguard crucial battlefield data from the rising incidences of security theft across the globe is providing an impetus to the market growth. These managements systems include the usage of several network security measures and firewalls to effectively counter hackers and cyber threats. Some of the other factors contributing to the market growth include the expanding defense budget of multiple countries and an enhanced focus on research and development (R&D). On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 4.4% during 2021-2026.
Market Summary:
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