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.
Albany, NY -- (SBWIRE) -- 01/19/2016 -- Global cyber weapon market was valued at USD 390 billion in 2014, growing at a CAGR of 4.4% from 2015 to 2021. Cyber weapons are software programs or codes which are powered with zero-day exploits or vulnerabilities aimed at violating the confidentiality of target system. Cyber weapons have gained importance in the recent years due to emergence of cyberspace as a new domain for warfare. Additionally, rising cyber threat from adversary nations is leading to increasing focus on development of cyber warfare techniques by government across the globe to safeguard national critical infrastructure such as national defense system, industrial control system and smart power grid among others.
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The global cyber weapon market is segmented by regions into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). The growth of cyber weapon market is primarily driven by the increasing investment by government and utility organizations to indentify zero-day vulnerabilities or exploits in a system or software for development of cyber weapons. Additionally, expansion of traditional arms manufacturing companies in the cybersecurity business and increasing demand for advanced cyber warfare techniques is further aiding the market growth. Furthermore, the growth of cyber weapon market is attributed to the increasing need for security in critical infrastructures and utilities such as industrial control system, national defense system, automated transportation system and communication network. However, government regulations on non-proliferation of cyber weapons to restrict the usage of cyber weapons to legal organizations are inhibiting the market growth.
In 2015, North America led the cyber weapon market and the region is expected to maintain its dominance throughout the forecast period. Growth of the cyber weapon market in this region is attributed to increased investment by the government of U.S. to secure their IT system, national defense system, and other critical infrastructure from cyber-attacks launched by adversary nations.
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The global cyber weapon market by type is categorized into defensive and offensive. Currently, organizations are focused on developing defensive cyber capabilities. However, government and other spy organizations are gradually shifting their focus toward development of offensive cyber capabilities by setting up cyber units and training cyber professionals, which in turn is leading to growth of overall cyber weapon market.
Based on the application, the cyber weapon market is segmented into national defense system, communication network, industrial control system, financial and banking, smart power grid, air traffic control, automated transportation system and hospitals. National defense system has the highest market share in terms of revenue and is expected to maintain its dominance during the forecast period.
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Key players in this market include Lockheed Martin Corporation, The Boeing Company, BAE Systems plc, Raytheon Company and General Dynamics Corporation among others.
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