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Cyber Weapon Market by Type (Offensive, Defensive) by Application (Air Traffic Control, Automated Transportation System, Communication Networks, Financial Systems, Government Organizations, Hospital, Industrial Control System, National Defense System, Public Utilities, Smart Grid Power, Others): Growth, Future Prospects, and Competitive Analysis, 2015 - 2027

The cyber weapon market has seen significant growth in recent years and is expected to reach US$ 65,000 million by 2027, growing at a CAGR of 4.25% between 2021 and 2027. Demand for advanced cyber weapons, increased defense spending, an increased need for security in critical infrastructure and utilities, and organizations' growing concerns about zero-day vulnerabilities are some of the market's key driving factors.

Global Cyber Weapon Market

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Rising cybercrime and government investments in cyber security.

Various malicious attacks on mobile devices and computers and on important entities' networks have recently reignited concerns about cyber warfare. At the end of 2012, the U.S. Defense Advanced Research Projects Agency (DARPA) invested $110 million in Plan X. Plan X is the Department of Defense's foundational cyberwarfare program for planning, evaluating, and conducting cyber warfare. Furthermore, this program was included in DARPA's $1.54 billion cyber budget up to 2017. Aside from the United States, the European Union invested $178.77 million in the Horizon 2020 Research and Innovation Framework Programme from 2014 to 2016. (H2020). Furthermore, under the contractual public-private partnership on cyber security for 2017-2020, the E.U. has decided to invest up to $502.80 million in H2020 funding to pursue cyber security research and innovation.

According to data from the Indian Computer Emergency Response Team (CERT-In), cyber security incidents totaled 44,679 in 2014, 49455 in 2015, and 50362 in 2016. In response to the rising number of cyber-attacks in India, the computer emergency response team (CERT-In) has launched "Cyber Swachhta Kendra" – a new desktop and mobile security solution for the country's secure cyberspace. At the end of 2016, approximately 83 new cyber security start-ups were established in Israel, slightly more than in 2015, when 81 start-ups were established. Furthermore, overall funding for cyber security companies increased to $689 million in 2016, a 23 percent increase over the previous year's scenario of $560 million.

In 2020, the defensive cyber weapons segment will have the largest market share.

Because of governments' massive investment worldwide to protect their national cyber networks, defensive cyber weapons have the largest market share. One of the major factors driving growth in the defensive cyber weapon market is the increasing number of cyber-attacks and concerns about cyber security.

In terms of application, the national defense system segment is expected to have a larger market share.

The national defense system is the defense system that any nation or state uses to provide a shield and security. One of the major factors driving the increased use of cyber weapons in national defense systems is the rise in cyber-attacks and conflicts among countries around the world.

Global Cyber Weapon Market Key Players:

Some key players operating in the global cyber weapon market are BAE Systems, EADS (Airbus), General Dynamics, Mandiant, Symantec Corporation, Northrop Grumman Corporation, AVG Technologies, Avast Software, Boeing, Kaspersky Lab, Cisco Systems, Lockheed Martin, and McAfee. Most companies have adopted the new product launch as a primary strategy to increase their market presence. For example:

  • In January 2017, Airbus presented a deployable tactical Security Operation Center and Keelback Net cyber sensor at the International Cyber Security Forum (FIC); the tactical SOC detects and responds to cyber threats on all terrains, this way permanently improving the security posture and the cyber sensor is used for detection and investigation, which provides information to the SOC.
  • Product launch (December 23, 2016):- Data security -council of India and Lockheed Martin launched a cyber security portal. Aiming to make small and medium businesses aware of cyber security threats.

Frequently asked questions

The cyber weapons market is expected to grow from US$ 48.9 billion in 2020 to US$ 64.8 billion by 2027, with a CAGR of 4.1% from 2021 to 2027.

The market's key opportunities are the increase in the number of cyber issues and the growing demand from emerging markets.

Demand for advanced cyber weapons, an increase in defense spending, a greater need for security in critical infrastructure and utilities, and organisations' growing concerns about zero-day vulnerabilities are all factors driving the market.

During the forecast period, North America is expected to hold the largest market share.

The major players in the global cyber weapon market are BAE Systems, EADS (Airbus), General Dynamics, Mandiant, Symantec Corporation, Northrop Grumman Corporation, AVG Technologies, Avast Software, Boeing, Kaspersky Lab, Cisco Systems, Lockheed Martin, and McAfee. The majority of businesses have made new product launches their primary strategy for increasing their market presence.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Sep 2021
Category:  Cyber Security
Report ID:   60426
Report Format:   PDF
Pages:   120
Rating:    4.2 (59)
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