The global aerospace, defence & security industry experienced an 82% drop in company filings mentions of cloud in Q2 2023 compared with the previous quarter, with the highest share accounted for by Axon Enterprise with 82% year-on-year decrease, according to GlobalData’s analysis of over 14 aerospace, defence & security company filings. GlobalData’s Cloud Computing in Aerospace, Defense and Security (ADS) Sector – Thematic Intelligence market report helps get a detailed understanding of how Cloud impacts the value chain in the Aerospace, Defence & Security sector, and the leading Cloud adopters and vendors in the market. Buy the report here.

Notably, cloud was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of soldier modernization and renewable energy, according to GlobalData.

Of the top leading companies in the aerospace, defence & security industry, Axon Enterprise had the greatest increase in references for cloud in Q2 2023, compared with the previous quarter. GlobalData identified three cloud-related sentences in the company's filings - 0.7% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Lockheed Martin’s mentions of cloud rose by 100% to 1.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q2 2023 was 0.

To further understand GlobalData's analysis on Cloud Computing in Aerospace, Defense and Security (ADS) Sector – Thematic Intelligence market, buy the report here.

This content was updated on 17 July 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.