6CIOReview | | SEPTEMBER 2022The defense industry is focusing on initiatives to adopt novel technologies and solutions and tap into new growth opportunities. As part of this endeavor, companies are looking to upgrade and re-engineer advanced aviation, military, and defense technologies. Recent innovations in defense solutions and services present an opportunity for businesses to maximize value and minimize costs. According to Allied Market Research, the global defense IT spending market is expected to reach $137.65 billion in 2030, registering a CAGR of 6.1 percent.At the core of this growth is a gamut of disruptive tech trends, fundamentally changing the defense sector for the better. One of these trends is AI, which improves computational military reasoning for intelligence, surveillance, and reconnaissance (ISR) missions. Mission-focused AI products, including AI-based decision-making engines, harness the power of data to deter threats and make missions successful. Companies are also leveraging computer vision to better manage equipment safety, empower autonomous weapon systems, and reduce soldier casualties. Digital twins and machine learning are gaining prominence, enabling defense manufacturers to test new military product iterations and use predictive maintenance for military assets. Besides, using swarm computing, startups in the industry are developing self-organizing intelligent systems that work together toward a strategic objective. This edition of CIOReview provides comprehensive insights into the key developments in the space and how companies are aligning with the latest trends to deliver robust solutions and services.We have curated thought leadership articles from industry experts, including the CIO of Draper. We also took a deep dive into the market trends to narrow down the list of companies delivering robust defense tech solutions and services. Equipped with innovative technological capabilities, these enlisted solution and service providers, including Kepler Aerospace, Tactical Air Support, RMCI, and AXIUS GROUP, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of CIOReview on defense tech helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! EditorialPushing the Envelope of Defense TechJustin Smith Managing Editoreditor@cioreview.comCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer :* Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com CIOReviewSeptember - 16 - 2022, Vol 11, Issue - 52 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com
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