Cyber Weapons Market Set to Witness Unprecedented Growth USD 23.7 billion by 2031
cyber weapons market
Development of cyber weapons as a military tool, and rise in defense spending drive the global cyber weapons market.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, July 3, 2024 /EINPresswire.com/ -- Surge in need for infrastructure protection, significant rise in international conflicts, increase in expenditure for 𝐂𝐲𝐛𝐞𝐫 𝐖𝐞𝐚𝐩𝐨𝐧𝐬 by government and commercial entities, development of cyber weapons as a military tool, rise in defense spending, and rise in demand for cyber weapons due to increased cybercrime and related problems drive the global cyber weapons market. However, the high cost of deployment of cyber weapons and technical difficulties in the deployment of effective cyber weapons hinder the market growth. On the other hand, the increase in the demand for defense intelligence and surveillance in military operations and rise in the presence of relevant digital equipment for cyber warfare will present new growth opportunities for the global market in the coming years.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A50260
Significant factors that impact the growth of the cyber weapons market3 comprises the rise in the need for infrastructure protection, advancements in technologies such as AI and ML, a significant rise in international conflicts, and an increase in expenditure for cyber weapons by government and commercial entities. However, factors such as the high cost of the development of cyber weapons and technical difficulties in the deployment of effective cyber weapons are expected to hamper the market growth. Furthermore, the rise in demand for defense intelligence and surveillance in military operations and the increase in presence of relevant digital equipment across cyber warfare are expected to create new growth opportunities for the market during the forecast period.
𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞
FireEye Inc., Cisco Systems Inc., General Dynamics Corporation, Booz Allen Hamilton Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, AO Kaspersky Lab, Raytheon Technologies Corporation, Broadcom Inc., BAE Systems plc
Based on end user, the government segment grabbed the highest share of nearly three-fifths of the global cyber weapon market in 2021 and is expected to dominate the market in 2031. The growth is attributed to increasing use of cyber weapon by governments for offensive cyber activities. However, the corporate segment would witness the fastest CAGR of 10.9% from 2022 to 2031. This is due to the increase in adoption of cyber weapon by private businesses for corporate espionage.
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/1684b2815f6576b8e3420a086f34caf6
Furthermore, cyberattacks in all their forms are currently a significant problem on a global scale. Cyber weapons are easy to use anywhere in the world, low risk, cheap, and very effective. This new category of weapons is available to many states, terrorist or extremist groups, non-state actors, and even private persons to strike public utilities. Cybercrime organizations efficiently produce cyber weapons to thwart or defend against such attacks. Together with nation-states and non-state groups, newcomers also possess unparalleled espionage and surveillance capabilities. They frequently act as the start of unlawful actions against public services that result in damage, interruption, and monetary gain. This is anticipated to fuel market expansion during the forecast period.
Based on region, the market in North America was the largest in 2021, accounting for more than two-fifths of the global cyber weapon market size2 and is likely to maintain its dominance during the forecast timeframe. This is due to a rise in government fundings to maintain stability in cyberspace in the region. However, the market in Asia-Pacific is likely to show the fastest CAGR of 11.2% during the forecast period. The growth is attributed to increasing use by the military and governments the region to weaken an adversary's capabilities through supply-chain manipulation, domestic political division, deterioration of trust in governmental institutions, theft of databases.
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
By type, the offensive segment is anticipated to exhibit significant growth in the near future.
By application, the communication network segment is anticipated to exhibit significant growth in the near future.
By end user, the corporate segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A50260
On the basis of application, the global cyber weapons market is segmented into national defense systems, public utility, automated transportation systems, smart power grid, industrial control systems, financial systems, communication networks, and others. The development of international trade and the improvement of living standards have been facilitated by transportation infrastructure. Communities all over the world are connecting more than ever because of huge advancements in the flow of people and things.
𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
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1 https://www.alliedmarketresearch.com/cyber-weapons-market-A50260
2 https://www.prnewswire.com/news-releases/cyber-weapons-market-to-reach-23-7-billion-globally-by-2031-at-10-1-cagr-allied-market-research-301773011.html
3 https://www.alliedmarketresearch.com/press-release/cyber-weapons-market.html
