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, 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.
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.
Further 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 share.
· 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 forecast period.
· The key players in cyber warfare market
include BAE System Plc, Boeing, General Dynamic Corporation, Lockheed Martin
Corporation, and Raytheon Company, among others.
Grand View Research has segmented the
global cyber warfare market on the basis of application and region:
Cyber Warfare Application Outlook (Revenue,
USD Billion, 2014 - 2025)
·
Government
·
Aerospace
·
Homeland
·
Corporate
·
Others
Cyber Warfare Regional Outlook (Revenue,
USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
o
India
o
Australia
·
Latin America
o
Brazil
·
Middle East & Africa
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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