The global cyber weapons market size is set to gain momentum due to an increase in global cybersecurity threats and a significant increase in cybersecurity strategies. Also, rise in cyber security solutions in various sectors such as healthcare, financial institutions, defense, and government demand for cyber weapons for security and planning. In 2020, the U.S. cyber command and National Guard bureau launched a new tool, “Cyber 9-line’’, which guards the pass information about cyber threats to the U.S. cyber command. Fortune Business Insights presents this information in its report titled “Cyber Weapons Market, 2022-2029.”
A cyber weapon is software or computer code to carry out cyber-attacks. Examples of cyber weapons are viruses, ransomware, logic bombs, and malware. Mainly used in the military, intelligence sectors, and defense to monitor the enemy’s actions, detect cyber threats, data surveillance, and analyze unauthorized activity in cyberspace.
This market document offers detailed research and analysis of key aspects of the market. The market analysts authoring this industry analysis report has provided profound information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global market. The report highlights CAGR value fluctuations during the forecast period for the market.
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On the basis of type, the market is split into defensive and offensive.
According to application type, the market is segmented into the national defensive system, industrial control system, communication network, automated transportation system, smart power grid, and others.
In terms of end-user type, the market is broken down into government, BFSI, defense, corporate, and others.
Geographically the market is segregated into North America, Europe, Asia Pacific, and the Rest of the World.
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the global as well as local developments.
- List of notable industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Rising Cyber Security Threats Encourages Cyber Weapons Adoption
Cyber weapons market growth is expanding due to increased cyber security solutions among various sectors such as defense, health care, financial institution, and government propels the market growth. The rise in cybersecurity threats globally and the increased number of cyber issues promote cyber weapons.
On the contrary, an increasing number of government regulations may hamper the market growth during the forecast period.
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North America to Dominate Led by Rising Cyber Weapons Adoption
Cyber weapons market share is classified into North America, Asia Pacific, Europe, and the Rest of the World. North America is expected to show remarkable growth in the market during the forecast period due to government support for developing and upgrading cyber weapons and extensive use of cyber weapons in defense.
Asia Pacific is expected to show significant growth during 2021-2028. Due to the increased defense spending, large-scale research and development in countries like India, China, South Korea, and others. The rise in cyber security threats and cyber-attacks and increasing cross-border issues boost the market growth.
Europe will showcase significant growth due to increased cyber-attack security and government funding from Russia, Germany, and the U.S.
In the Rest of the World, the market will witness notable growth over 2021-2028 due to the growing use of cyber weapons in various sectors like healthcare, BFSI to extensive confidential data and critical information.
Notable Industry Developments:
July 2020 – Israel and India signed a contract for development and up gradation in cyber security. The agreement was signed between India’s Ambassador to Israel and the director-general of Israel’s national cyber directorate.
October 2020: BAE systems launched a cyber threat detection called Fox Shield, mainly for the U.S. platform to identify attacks in real-time. Broadly operate with the ground, air, and space vehicles to protect, identify and recover from cyber-attacks.
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The Report Lists the Key Players Profiled in the Market Report:
- A.E. Systems (U.S.)
- Airbus S.A.S (Netherlands)
- FireEye, Inc. (U.S.)
- Broadcom (U.S.)
- Northrop Grumman (U.S.)
- Avast Software (Czech Republic)
- Boeing (U.S.)
- Kaspersky La (Russia)
- Cisco System (U.S.)
- McAfee L.LC. (U.S.)
- Lockheed Martin Corporation (U.S.)
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