Cyber Weapon Market

The global cyber weapon market is expected to grow at a CAGR of 4% during the forecast period of 2021-2030. Cyber weapon is a malware agent mainly employed for intelligence objective, military and paramilitary. A cyber weapon performs such action which would require a spy and soldiers. Some of the key forces identified in the industry are increasing investments by the government organizations such as European Advanced Cyber Defense Centre and the NATO to identify zero-day vulnerabilities and growing requirement of security in critical infrastructure & utilities. These forces are expected to drive the market growth in the upcoming scenario. Although the issues associated with the market such as rising government regulations regarding the usage of cyber weapons in controlled environment and cyber warfare & anonymity between hackers are expected to act as a great challenge for the industry.

More Professional Means of Cyber Attacks Is Demand Need for Sophisticated Counter Technologies

Emergence of cyber warfare as a new domain for warfare is expected to act as an opportunity for the market players. It has its major applications in defense and critical infrastructure being more prone to cyber-attacks due to their vital importance to the economy. Significant growth witnessed in the number of cyber-attacks across the industries remains as the key market driver. Owing to the growing number of cyber-attacks, critical infrastructure industries such as energy sector, financial services sector, information technology sector etc. are spending more on information security measures as a result. In current scenario, cyber criminals are becoming more organized and more industrialized. In 2020, the number of security incidents across all industries increase by 38%. Nearly 1million new malware threats released each day.

360 Degree Market Analysis by Atlantic Market Research

The market is majorly segregated on the basis of application and cyber weapon type. On the basis of application, the market is segmented into national defense system, communication network, industrial control system, smart power grid, air traffic control and automated transportation system. National Defense Security has gained the major market share of 25.7% in 2020 being the major application sector of the cyber weapons. The market can further be bifurcated on the basis of types of cyber weapons including defensive and offensive cyber weapons. In 2020, defensive cyber weapons held the largest market share of 74.5% and is expected to continue its dominance in the upcoming years. The growth of defensive cyber weapons is being attributed by the increasing cases of cyber espionage that have influenced government as well as private organizations to concentrate on technologies in order to protect their critical infrastructure. Furthermore, rising need for the procurement of defensive capability in critical infrastructure such as military & defense, industrial control systems and automated transportation systems is expected to drive the growth of the defensive cyber weapons market in the coming years. On the basis of geography, the market is segregated into North America, Europe, Asia Pacific and Rest of the World. The regional paradigm of cyber weapons market depicts the growing Asia Pacific region.

National Defense Systems Holds the Largest Share 

The application of cyber weapons is increasing day by day due to huge investment by the organization in the field of cyber security. The national defense system holds the largest market share of around 26% in 2020.  The growth in the national defense system is majorly attributed by the increasing investment by countries across the globe. Defensive cyber weapons are anticipated to have the CAGR of 4.5% for the year of 2021-2030. The defensive cyber weapons have its various advantages which is growing the market, the defensive cyber weapon market is the fastest growing market growing at a CAGR of 4.5% during the forecasted period. The global cyber weapon market is likely to grow reasonably in coming years. Increasing security breaches and huge investment by the organization are the major driving factor of global cyber weapon market. Whereas the automated transportation system is growing with the highest CAGR of 6.2% during the forecasted period which is expected to reach at $6887 million by 2022.

North America Holds the Lion’s Share

Growing number of connected devices and use of internet of things across various application is rising concern for cyber security which is increasing the growth in global market. Globally, in 2020, North America holds the largest market share i.e. 41% in the total global cyber weapon market. America is dominating the global cyber weapons market by procuring a market share of 40.6% in 2020 and is anticipated to preserve its dominance over the projected period. In the U.S., internet is the backbone of critical infrastructure like military & defense, industrial control and air traffic control systems. High demand for Cyber weapon and existence of key market players in the region are the major reasons for this large market share. Furthermore, Asia Pacific is likely to grow with the highest CAGR 7.3% owing to huge spending on the defense. 

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021-2030.

Cyber Weapon Market Segmentation:

By Application

Communication Network

Industrial Control System

Smart Power Grid

Air Traffic Control

Automated Transportation System

By Type

Defensive Cyber Weapon

Offensive Cyber Weapon

By Region

North America

Europe

Asia Pacific

Rest of the World

Key questions answered in this report

• What are the key market segments in current scenario and in the future by product categories?
• What are the key market segments in current scenario and in the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the global cyber weapon market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?