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 cyber security 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.
Full
Research Report On Global Cyber Warfare Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/cyber-warfare-market
www.grandviewresearch.com/industry-analysis/cyber-warfare-market
Further
key findings from the report suggest:
- 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
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/network-security-software-and-services
www.grandviewresearch.com/industry/network-security-software-and-services
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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-cyber-warfare-market
www.grandviewresearch.com/press-release/global-cyber-warfare-market
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
Information: www.grandviewresearch.com
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