Rising at a moderate CAGR of 4.40% between 2015 and 2021, the global cyber weapon market is likely to reach US$ 521.8 bn in 2021. The report presents insights into the factors driving and restraining the global market for cyber weapons.
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Cyber weapons are software codes or programs powered by zero-day exploits and vulnerabilities aiming to violate the confidentiality of targeted systems. With the emergence of cyberspace as a new podium for warfare, cyber weapons have gained much importance globally. Furthermore, rising threat to cyber security from adversary nations is also impelling governments to invest more in the development of novel cyber warfare techniques, particularly in critical infrastructure such as smart power grids, industrial control system, and national defense systems.
Regionally, the report segments the global market for cyber weapons into Asia Pacific, Europe, North America, and Rest of the World (RoW). Among these regions, North America leads the global cyber weapon market and is anticipated to maintain its dominance through the report’s forecast period. Increasing investment by the U.S. government to secure their defense system and overall IT infrastructure from cyber-attacks is fuelling demand from the North America cyber weapon market.
Expansion of the arms manufacturing industry in the cybersecurity business and rising demand for advanced techniques of cyber warfare are further fuelling the demand from the cyber weapon market. Despite exhibiting positive growth in demand, the cyber weapons market faces hindrance from stringent government regulations restricting the access to cyber weapons to legal institutions or organizations.
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On the basis of type, the global cyber weapon market can be segmented into offensive and defensive cyber weapons. At present, organizations focus more on defensive technology. However, they are gradually shifting their focus on developing offensive cyber capabilities and setting up units to train professionals. Such activities lead to overall growth of the global cyber weapon market.
In terms of application, the report segments the global cyber weapon market into communication networks, national defense systems, financial and banking, industrial control systems, smart power grids, automated transportation systems, air traffic control, and hospitals. Of these, the national defense systems segment holds the largest share in the global cyber weapon market in terms of revenue. The defense sector will continue to dominate the global market during the forecast period as well, states the report.
To present a holistic overview of the market, the report also analyzes the prevailing vendor landscape. It therefore profiles prominent companies such as The Boeing Company, Lockheed Martin Corporation, Raytheon Company, BAE Systems plc, and General Dynamics Corporation.
Global Cyber Weapon Market: By Type
Global Cyber Weapon Market: By Application
> National Defense System
> Communication Network
> Industrial Control System
> Financial and Banking
>Smart Power Grid
> Air Traffic Control
> Automated Transportation System
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