Global Cyber Weapons Market is Estimated to Grow With a CAGR of 4.17% by 2027
KEY
FINDINGS
The global cyber weapons market is estimated to grow with a CAGR of 4.17% during the forecast period of 2019-2027.
There is a growing concern for
organizations in the making of software to identify zero-day vulnerabilities
due to the dangers of the information the technology infrastructure of the organization. The cyber-attacks expose system
vulnerabilities that software developers are not able to recognize.
MARKET INSIGHTS
The
global cyber security market segmentation is
done on the basis of applications
and types. The application of this market can be
found for communication networks, national defence systems, industrial
control systems, air traffic control, smart power grid, automated
transportation systems, hospital, financial systems, government organizations, and public utility. The cybersecurity market
type can be either offensive or defensive.
REGIONAL INSIGHTS
Geographically,
the global cyber weapons market is segmented
into regions of Asia-Pacific, Europe, North America and Rest of World. By the
end of 2026, the North America cyber weapon market is predicted to hold the biggest share of the global market on account of the rise in the number of
cyber-attacks in the US and Canada. The internet is the backbone of critical
infrastructures like military & defence, industrial control and air traffic
control systems in North America and the regional government is constantly
investing for the development of the novel technologies to avoid future attacks
on its critical utilities. On
the other hand, the market which is predicted to exhibit the fastest growth
over the estimated period is the Asia-Pacific market. The increasing threat to critical infrastructure primarily drives the
Asian market. The risk is due to the economy’s increasing reliance on the
internet for all activities from the government to business, making the nation
states prone to cyber-attack.
COMPETITIVE INSIGHTS
Kaspersky
Lab, Boeing, McAfee (acquired by Intel Security), Cisco Systems, Northrop
Grumman Corporation, Lockheed Martin Corporation, Airbus Group, AVAST Software,
Raytheon Company, Mandiant (acquired by FireEye), BAE Systems, AVG
Technologies, General Dynamics and Symantec Corporation are some of the
established companies in the global cyber weapon market.
Comments
Post a Comment