Executive Summary : In a world where conflict is increasingly digital, immersive, and data-driven, the defense Modeling, Simulation & Training (MS&T) market is undergoing a seismic transformation. Emerging technologies will accelerate convergence across traditionally siloed communities. Geopolitical shifts and surges in international defense spending spotlight the need for tech that boosts interoperability and joint operations against evolving threats. Meanwhile, the rise of new business models and evolving buying behavior stand to change the trajectory of tech commercialization and adoption. Whether you're a defense contractor, tech innovator, or government user or acquisition professional, discover how to position your organization at the forefront of this rapidly evolving landscape.