San Francisco,5 October 2018: According
to a report by Grand View Research, Inc., the global cyber
warfare market is anticipated to attain around USD 91.75 billion
by 2025. Growing requirement for technologically advanced devices to protect
sensitive and important digitally stored organizational data from cyberattacks
is the major market driver. Cyber warfare systems offer advanced cyber security
to prevent cyberattacks in private and government organizations. They can
safeguard essential data and files from intruders. This factor is anticipated
to drive the global market over the forecast period (2014 to 2025)
Rise in network infiltration
in organizations and abuse of digital infrastructure is expected to fuel growth
of the market for cyber warfare. Continual technological advancements in
information technology coupled with increasing capability of cyber weapons to disrupt
national security can positively influence market growth in near future.
Supportive government initiatives such as implementation of warfare units and
huge investments for improving cyber security and reducing cybercrime can also
stimulate market expansion. Growing digitization in different nations is
expected to increase risk of cyberattacks on sensitive information. This, in
turn, can augment growth of the market during the forecast period.
The worldwide cyber warfare
market can be segregated on the basis of application and region. Based on
application, the market can be categorized into homeland, defense, government,
aerospace, corporate, and others. In 2016, defense segment dominated the market
with revenue share of around USD 5.96 billion. It is expected to expand at a
CAGR of around 18.8% during the forecast period. Dependency on information
technology and communication in military and defense is likely to increase
cyber risks. Defense sector is likely to allocate funds to cyber security units
to reduce potential threats to state and national data from hackers.
Availability of Internet of Things (IoT) and other advanced technologies in
defense sector is estimated to further propel demand in near future.
Access
Research Report of Cyber
Warfare Market@ www.grandviewresearch.com/industry-analysis/cyber-warfare-market
Government segment is also
likely to contribute significantly to market share during the forecast period.
In 2016, it accounted for a revenue share equivalent to USD 5.3 billion. The
segment is anticipated to rise at CAGR of 19.1% over the forecast period.
Increasing number of intense and sophisticated cyberattacks is likely to fuel
demand for cyber warfare in government organizations. Corporate segment is
estimated to expand at CAGR of 19.8% during the forecast period.
Regional segmentation includes
Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.
In 2016, North America dominated the market for cyber warfare and accounted for
a significant market share equivalent to USD 8.22 billion. It is likely to
continue its dominance through 2025. Favorable government initiatives mainly
focused on cybersecurity techniques to protect digital infrastructure and
increasing cyber defense budget can augment regional growth. In addition,
launch of cybersecurity units and deployment of cybersecurity framework within
military, defense, and government agencies is likely to further stimulate market
growth.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/network-security-software-and-services
The United States (U.S.)
federal government is expected to take positive steps to reduce cyberattacks
and demonstrate its cyber warfare potential to reduce such attacks. In
addition, the government is expected to build cyber army for its cyber mission
force by 2027. Moreover, it can provide its proactive training and development
to military officials from the U.S. Army Cyber Center of Excellence (CCoE).
Further, increasing investments in defense sector to safeguard federal networks
and sensitive infrastructure from cyber breaches can impel regional market
growth.
Europe held the second largest
share in the cyber warfare market and accounted for around 25.44% of total
market share in 2016. Asia Pacific is likely to grow at the fastest CAGR of
around 21.1% from 2017 to 2025. The region is expected to offer potential
growth opportunities attributed to supportive government regulations for
adoption of cyber security. In addition, continual technological advancements
coupled with economic growth in developing countries can further fuel regional
market growth in the forthcoming years.
Some of the leading companies
in the cyber warfare market are General Dynamic Corporation, Lockheed Martin
Corporation, Raytheon, Boeing, and BAE Systems. These companies are expected to
get involved in strategies such as Mergers and Acquisitions (M&A) and
development of new and innovative products. Other companies can look to enhance
market presence by expanding product portfolio through investments in Research
and Development (R&D) activities and adoption of new technologies.
Access
Press Release of Cyber Warfare Market@ www.grandviewresearch.com/press-release/global-cyber-warfare-market
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.
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