Cyber Warfare market to Eyewitness Huge Marginal Growth by 2025Posted by Mrudula Anil Karmarkar on January 11th, 2022 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. Amidst the COVID-19 crisis, the network security industry is poised for sustainable growth despite the foreseeable economic turbulence. Implementation of remote working policy, due to lockdown is putting unanticipated stress on remote networking technologies and causing operational technology (OT) security risk concerns over the vulnerable home network security. Furthermore, as digital infrastructure becomes a critical aspect of business strategic considerations, network security will become a competitive differentiator for businesses and overhaul their remote working strategies. We are incessantly monitoring the market dynamics and regulations while continuously assessing the impact of Covid-19 with the aim of providing you with actionable market insights. The report will account for Covid19 as a key market contributor. 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, increased cybersecurity 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. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/cyber-warfare-market/request/rs1 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. Cyber Warfare Market Report Highlights
An increase in defense spending for improving the government’s effectiveness, efficiency, and cybersecurity capability is anticipated to be the key factor driving the implementation of cyber warfare systems across all the geographic regions. The agenda such as modernizing government IT infrastructure, improving deteriorated facilities, and curbing cyber vulnerabilities are further anticipated to drive the market over the forecast period. The growing technological advancement in IT and the capabilities of cyber weapons leading disruption to national security is constantly reshaping threat landscape. Thus, cyber-related threats are identified as one of the highest occurring global risks. Moreover, cyber warfare is emerged as a significant threat to the nation, outstripping terrorism. The mitigation of losses arising due to increasing cyber-attacks on countries, leading to economic disruption, has become a significant concern. As the emerging nations soar towards digitization, cyber warfare emerges as a major growth constraint. In order to deter from the cyber espionage and data breaches in the military and defense sector, different nations have increased their spending on cybersecurity and have established units that are engaged to overcome cybersecurity challenges. Thus, increasing demand for cybersecurity is anticipated to drive the market over the forecast period. The market is moderately fragmented with prominent players such as BAE System Plc, Boeing, General Dynamic Corporation, Lockheed Martin Corporation, and Raytheon Company acquiring a significant share of the overall market. These players adopt a variety of competitive strategies such as merger & acquisition and offer tailored solutions to cater to customer requirements. The other players in the market are increasing market presence by the expansion of its product portfolio through investment in R&D activities and acquiring new technologies. Grand View Research has segmented the global cyber warfare market on the basis of application: Cyber Warfare Application Outlook (Revenue, USD Billion, 2014 - 2025)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it! More by this author |