North American Market Statistics
The signals intelligence (SIGINT) market in the North America is expected to grow widely in the projected period with increasing investment in the military and defense sectors. The North America region has the biggest investment in the military and defense sector, mostly owing to increased spending in the United States. As per the U.S., Department of Defense, The U.S. Navy is expected to spend around USD 59 billion on military personnel accounting for around 25% of the budget plan. The increasing number of terrorist attacks in recent years has forced the regional government to implement a strong physical security strategy.
APAC Market Analysis
The Asia Pacific signals intelligence (SIGINT) market is expected to be the fastest-growing market with a market revenue of 25 % in the predicted period. The market is growing at the fastest rate owing to growing security and border threats from neighboring countries. Increasing technological advancement and rapid economic growth in countries such as China, and India have contributed to the growing investment in APAC signal intelligence.
Author Credits: Abhishek Verma
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