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.
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Cyber Warfare
Market Report Highlights
- 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.
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Cyber Warfare
Market Segmentation
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.
For more info visit @ https://www.grandviewresearch.com
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