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: www.grandviewresearch.com/industry-analysis/cyber-warfare-market
Further
Key Findings From the Study 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
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 By Grand View Research: 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.
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