
The military cloud computing market is anticipated to grow significantly, reaching USD 34.32 billion by 2031, driven by a 19.9% CAGR. This expansion is fueled by the increased deployment of connected military networks and systems, such as C2/C4ISR, alongside cloud platforms and software-based defense systems. Key growth areas include demand for advanced network security and identity management, as well as cloud service models that improve military operational efficiency and allow scalable deployment. The processing and analytics of ISR data are set to grow rapidly, enhancing intelligence sharing and mission planning. North America is expected to maintain leadership in this market due to extensive cloud adoption and significant defense IT budgets.
In other trading, Sangfor Technologies (SZSE:300454) was trading firmly up 12.9% and finishing the session at CN¥146.74. Meanwhile, Celestica (TSX:CLS) lagged, down 12% to finish the session at CA$376.69.
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