Global Cyber Weapon Market

Id : 1412 Category : BBC Date : 9-Jul-05 Format : PDF Pages : 140
Global Cyber Weapon Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2022

A cyber weapon is basis of information technology system inclusive of software, hardware, and communication medium which is designed to damage operation or structure of another information technology based system. Programmers and hackers use zero-day exploit or vulnerabilities in software and weaponries them to develop cyber weapon. These weapons are used against enemy targeted when needed. Cyber weapon are mainly developed to deal with data theft, cyber crime, and sabotage of enemy system. The Offensive cyber weapons are also able of bypassing cyber security of target systems by launching sophisticated attacks. 

Necessity of systems surveillance, hardware, intellectual property, theft & destruction of target’s data, and crucial processes of manufacturing & business activities are anticipated to drive the cyber weapon market extensively. Increase in demand to prevent financial loss by the opponent extensively contributes to market demand. The market is expected to witness significant growth over the coming period owing to demand across several application sector like government organizations, public utilities, military, communication networks, financial systems, and necessary services (banking and insurance). Vast confidential data in these segments are extremely vulnerable to unforeseen damage by rouge digital mass shooter pair with disturbed & outraged hackers, which is further anticipated to drive the cyber weapon market significantly.

On the basis of type, the global market of cyber weapon has been divided into offensive and defensive cyber weapon segments. The defensive cyber weapon held the larger market share of 78.8% in the market in 2016, in terms of revenue. The increasing cases of cyber espionage have forced governments and private organizations to concentrate on technologies to protect their critical infrastructure. While information technology is vital to industries such as defense, manufacturing, and aerospace, they are additional vulnerable to cyber thefts. The requirement for defensive cyber weapons is therefore anticipated to continue to surge through the coming is expected that the cyber weapons market to slowly shift from defensive to offensive weapon. Legal and political issues associated with offensive cyber weapon have forced governments to implement strict regulation to make sure non-proliferation of offensive cyber weapon. 

In 2014, Asia Pacific was the other major market for cyber weapon. The increasing demand from countries such as China, India, North Korea, South Korea , Australia, , and Japan will enhance sale of cyber weapons in the region. Moreover the growing investment by China in the growth of advanced cyber warfare technique will considerably aid the market expansion in Asia Pacific. The global cyber weapons market of North America held the largest market share of 38% in 2016. It is likely to maintain its dominance in the market through the Coming period. 

Several organizations have appling various strategies like product innovation; merger acquisition etc to extend the application ranges in National defense system, industrial control system, and smart power grid and communication network. Major industry players include Lockheed Martin Corporation, Boeing Company, General Dynamics Corporation, BAE Systems plc, and Raytheon Company, Northrop Grumman Corporation, AVG Technologies, Avast Software, Kaspersky Lab, Cisco Systems, McAfee.

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