Global Cyber Weapon Market expected to reach US1.87 bn by the end 2022

Posted by Arslan on December 26th, 2018

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Cyber Weapon Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

Cyberspace has emerged as the new domain for warfare. Any information technology (IT) based system connected to the Internet is vulnerable to cyber-attacks. Cyber weapons are advanced cyber warfare tools that are powered with weaponized zero-day exploits or vulnerabilities in software primarily aimed for launching an effective cyber-attack on enemy networks. Hackers and cyber professionals are increasingly focused on developing cyber capabilities to infiltrate into enemy networks in order to violate confidentiality of the target. Additionally, cyber weapons are capable of data theft, espionage, and destruction of equipment and other critical systems such as industrial control system and national defense system.

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The cyber weapon market is anticipated to grow during the forecast period owing to the increasing investment by government and utility organizations to identify zero-day vulnerabilities or exploits in a system or software application. Intelligence agencies, government, and other organizations are increasingly investing in cyber units and other cyber resources to identify zero-day exploits and use them against enemy systems or networks when necessary. Additionally expansion of traditional arms manufacturing companies such as Lockheed Martin Corporation, BAE Systems and Raytheon Company among others in cybersecurity business is driving the market growth. Demand for advanced cyber warfare techniques is further fueling the growth of this market.

Furthermore, growth of cyber weapon market is attributed to the increasing need for security in critical infrastructure and utilities including national defense system, industrial control system and smart power grid among others. The major factor restraining the growth of this market is due to the rising government regulations on non-proliferation of cyber weapons aimed to restrict usage of cyber weapon to ethical hackers, legal cyber professionals and organizations only. Emergence of cyber as new domain for warfare is paving new opportunities for new and existing players in the market. Cyber weapon is considered as complementary to conventional warfare techniques. Additionally, cost-effectiveness of cyber weapons is leading to reduced funds for military expenses, thus providing new opportunities to players in the cyber weapon market.

National defense system, industrial control system, smart power grid and communication network are major application segments of the global cyber weapon market. The growth in these application segments is attributed to the rising need for acquiring cyber capabilities including defensive and offensive cyber weapons across the globe by government and other spy organizations. Currently focus on development of defensive cyber capabilities is leading to defensive cyber weapon market growth. However increasing need for developing offensive cyber warfare techniques due to emergence of cyberspace as a new domain for warfare is driving the offensive cyber weapon market growth.

This market research study analyzes the cyber weapon market globally and provides estimates in terms of revenue (USD billion) from 2015 to 2021. It recognizes the drivers, restraints and opportunities affecting the industry and analyzes their impact over the forecast period.

The report segments the market on the basis of geography as Europe, North America, Asia-Pacific (APAC), and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). In addition, the report segments the market based on the type, which include defensive and offensive. It also segments the market on the basis of application as national defense system, communication network, industrial control system, financial and banking, smart power grid, air traffic control, automated transportation system and hospitals. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).

For better understanding of the cyber weapon market, we have given key market trends. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.