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The global defense IT spending market size is expected to experience significant growth by reaching USD 110.89 billion by 2027 while exhibiting a CAGR of 4.38% between 2020 and 2027. This is attributable to the growing demand for secure communication that is likely to surge the defense IT spending capacity of several countries worldwide. Fortune Business Insights in its latest report, titled, “Defense IT Spending Market Size, Share & COVID-19 Impact Analysis, By Type (Services, Hardware, and Software), By Application (IT Infrastructure, Cybersecurity, Defense Cloud Computing, Data Analytics, IT Application, Logistics & Asset Managem

Defense IT Spending Market Size, Share, Growth | Trends, 2027
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Defense IT Spending Market Size, Share, Growth | Trends, 2027

The global defense IT spending market size was USD 81.28 billion in 2019. The global impact of COVID-19 has been unprecedented and staggering, with defense IT spending witnessing a negative impact on demand across all regions amid the pandemic.