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.
Browse full research report on Cyber
Warfare Market:
https://www.grandviewresearch.com/industry-analysis/cyber-warfare-market
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.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/cyber-warfare-market/request/rs1
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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- India
- Australia
- Latin America
- 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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