Cyber Warfare Market Size, Share, Growth, Trends and Industry Analysis Reportby Susan Hill Business Consultant
The global cyber warfare market is expected to reach USD
91.75 billion by 2025, according to a new study by Grand View Research, Inc.
The increasing number of cyber-attacks are emerging as a significant threat
across the globe. The dependence of organizations on information technology and
the valuable & sensitive nature of digitally-stored data have raised the
stake for cyber attackers whose primary motive is to disrupt economic growth
and gain technological advantages by stealing intellectual properties of
national defense forces. Increased concern towards catastrophic nature of cyber
warfare and national security are factors anticipated to drive the market over
the forecast period.
Cyberspace disruption capabilities have outstripped
nation's focus on terrorism. The increasing cyber-attacks such as abusing
digital infrastructure and network infiltration within industries and defense
sector have led the government to focus more on cyberspace vulnerabilities. The
growing digitization in different nations is leading to increase in data and
security breaches, resulting in cyber-crime. In light of the growing cyber incidence,
spending is proposed, and warfare units are established by the governments
aimed to protect nation's sensitive information and deter potential of the
cyber threat. Moreover, governments have developed more sophisticated cyber military
capabilities to mitigate the emerging threats.
Increasing application of cyber warfare system
within the corporate sector can be attributed to growing number of security
threats amid defense contractor companies. The data breaches have compromised sensitive
information such as blueprints, project details and testing results &
reports from the companies which are the important factor for national
security. The increasing breaches are impelling many organizations to make
investments in security enforcement and detection tools. Moreover, to deter
cyber espionage, monitor, and subvert other nations’ defense systems by
infiltrating defense contractor system, application of cyber warfare system in
the corporate sector is anticipated to drive market growth.
key findings from the study suggest that:
- The defense application segment is estimated retain its dominance in
the market and is projected to reach USD 27.94 billion by 2025.
- The government application segment is anticipated to register a
healthy CAGR of 19.1% over the forecast period.
- The corporate application segment is anticipated to witness a high
CAGR of 19.8% over the forecast period.
- North America was valued at USD 8.22 billion in 2016 and is expected
to hold a dominant share in the market by 2025. The region was followed by
Europe which held a market share of 25.44% in 2016 of the overall market
- Asia Pacific region is anticipated to be the fastest growing region
for the cyber warfare market, growing at of CAGR of 21.1% over the
- The key players in cyber warfare market include BAE System Plc,
Boeing, General Dynamic Corporation, Lockheed Martin Corporation, and
Raytheon Company, among others.
full research report on global cyber warfare market:
Created on Jan 17th 2020 08:42. Viewed 361 times.