Cyber Weapons Market is Projected to US$ 65,000 MN Globally by 2027- Credence Research

Cyber Weapons Market is Projected to US$ 65,000 MN Globally by 2027- Credence Research
The cyber weapons market is projected to expand from US$ 48,500 million in 2020 to US$ 65,000 million by 2027, with a CAGR of more than 4.25 percent from 2021 to 2027.

The latest market report published by Credence Research, Inc. “Global Cyber Weapons Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The market for cyber weapons is expected to grow from US$ 48,500 million in 2020 to US$ 65,000 million by 2027 with a CAGR of over 4.25% during the forecast period from 2021 to 2027.

Global Cyber Weapons Market, 2020 – 2027 (USD Million)

Demand for advanced cyber weapons

Smart cyber weapons are in high demand due to the numerous advantages they have over conventional weapons used in wars, such as efficiency, low cost, and the ability to operate silently. Nations can easily benefit from deniability and anonymity by conducting military campaigns in cyberspace, which also allows for clean coercion warfare. The demand for cyber weapons is increasing as a result of the cyber espionage provided by cyber-attack campaigns. It also reduces the dangers of military equipment and personnel. Furthermore, the growing number of cyber-attacks around the world is increasing the demand for cyber weapons. For example, in 2016, Yahoo was hacked, resulting in the data breach of 500 million user accounts. Similarly, cyber-attacks on Ukraine’s power grid occurred in 2015. The cyber weapon Stuxnet, for example, demonstrated the impact that similar tools could have on critical infrastructures. Other well-known cyber weapons include Duqu, Mirai, Wiper, Flame, and others. The above-mentioned benefits of cyber weapons are fueling the global growth of the cyber weapon market.

Automated transportation is expected to be the fastest-growing application in the cyber weapon market.

With the rapid growth in demand for connected and the internet of things in the global market, the automated transportation application is expanding day by day. The growing use of the internet and communication to route the transportation system is expanding the use of communication networks in the automated transportation system market. The growing concern about network security breaches is driving up the demand for cyber weapons in such applications. The increasing demand for the region’s automated transportation system is a major contributor to the growth. Countries such as the United States, Germany, the United Kingdom, France, Italy, Spain, India, China, and Japan are major contributors to this demand.

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During the forecast period, North America is expected to lead the market.

North America is the dominant region in 2020 and is expected to maintain its dominance throughout the forecast period. The United States and Canada are major driving forces in this region. Rising demand for advanced cyber weapons is a key factor driving the cyber weapons market in the United States while raising defense expenditure is a major factor accelerating the growth in demand for cyber weapons in Canada.

Global Cyber Weapon Market key Players:

Some of the key players operating in the global cyber weapon market are BAE Systems, EADS, General Dynamics, Mandiant, Symantec Corporation, Northrop Grumman Corporation, AVG Technologies, Avast Software, Boeing, Kaspersky Lab, Cisco Systems, and McAfee. The majority of businesses have made new product launches their primary strategy for increasing market presence. As an example: Raytheon Company unveiled a new Cyber Protection System on June 19, 2017. This new Cyber Protection System has been introduced for the global defense, intelligence, and commercial sectors.

Market Segmentation

Global Cyber Weapons Market by Type, 2015 – 2027

  • Offensive
  • Defensive

Global Cyber Weapons Market by Application, 2015 – 2027

  • 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

Global Cyber Weapons Market by Company, 2015 – 2027

  • Avast Software
  • AVG Technologies
  • BAE Systems
  • Boeing
  • Cisco Systems
  • EADS (Airbus)
  • General Dynamics
  • Kaspersky Lab
  • Lockheed Martin
  • Mandiant
  • McAfee
  • Northrop Grumman Corporation
  • Symantec Corporation

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