Cyber Weapons Market is expected to grow with a CAGR of xx% during the forecast period of 2016 to 2024.
Computer network and cyberspace work as a foundation for most of the military and economic powers of any nation. Hackers can steal information, issue deceiving commands to information systems to cause them to fault, and inject phony information to lead people and machines to reach false conclusions and make bad or no decisions. System vulnerabilities occur because of a gap between theory and practice and these vulnerabilities are known as zero-day vulnerabilities. Growing concerns for Zero-day vulnerabilities within various organizations is one of the prime drivers boosting the growth of global cyber weapons market.. For instance, NPR, a multimedia news organization, reported that U.S. army tested advanced cyber weapons in remote Southern California desert, in May 2017.
Cyber Weapons Market Determinants
Increasing demand for security across critical infrastructures and utilities is the prime factor which is stimulating the growth of cyber weapons industry. Moreover increasing usage of internet in different applications, growing economy, rising number of crimes, and demand for advance cyber weapons are some other major srivers impacting the market. According to the Washington Post, Russia has developed a cyber-weapon that can disrupt power grids. However, government regulations on weapon development and its usage might hinder the growth of the market.
Market Determinants – Impact Analysis, 2016 vs. 2024
Cyber Weapons Market Segment Analysis
Global Cyber weapons market is segmented in the basis of, application, and region. By type, the market is bifurcated into defensive and offensive. By application it is segmented as air traffic control, national defense system, healthcare, automated transportation system, industrial control system, communication network, and smart grid. Geographically, the global cyber weapons market is segmented as North America, Europe, Asia-Pacific, and Rest of the World. North America is one of the most prominent segments in terms of revenue and is expected to grow further with an impressive rate in upcoming years.
Besides strategic collaborations, mergers, and partnerships, the market leaders are investing in the research & development of advanced solutions along with the development of innovative products.
Top players of the market are Airbus Group SE, Avast Software, AVG Technologies, BAE System PLC, Boeing Company, Cisco Systems, FireEye, Inc., General Dynamics Corporation, Kaspersky Lab, Lockheed Martin Corporation, Mandiant, McAfee, Northrop Grumman Corporation, Raytheon Company, and Symantec Corporation.
Cyber Weapons Market Segmentation
• Air Traffic Control
• National Defense System
• Automated Transportation System
• Industrial Control System
• Communication Network
• Smart Grid
• North America
• Rest of the World
Cyber Weapons Market Key Players
• Airbus Group SE
• Avast Software
• AVG Technologies
• BAE System plc.
• Boeing Company
• Cisco Systems
• FireEye, Inc.
• General Dynamics Corporation
• Kaspersky Lab
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Company
• Symantec Corporation