Cyber weapons are computer software or hardware, employed for intelligence, paramilitary and military purposes. These weapons comprise of special type of computer codes that bypass protective cyber-security technology, used to obtain protected information of a targeted system. Global cyber weapons market is estimated to grow with the CAGR of 4.32% during the forecast period of 2016–2023. The recent trend driving the cyber weapons market is the rising use of internet in various applications such as industries, education sectors, healthcare sectors etc. This leads to growing cybercrime, which leads to increase in the demand of cyber weapons across the world. Cyber weapons help detect, monitor, report, and defend cyber threats in order to maintain confidentiality of IT systems. Global cyber weapons market is primarily driven by following factors:
- Increasing investment by organizations to identify zero-day vulnerabilities
- Demand for advanced cyber weapons
- Increasing need for security in critical infrastructure and utilities
- Rise in defense expenditures
Increasing demand in various application segments is attributed to the increasing need to acquire cyber capabilities, including offensive and defensive cyber weapons. In current scenario, the main focus is on development of defensive cyber capabilities by every organization in world, whether private organizations or government organizations. Increase in the number of cyber-crimes is a global issue which acts as one of the drivers that increase the demand for cyber weapons. Increasing need for developing offensive cyber warfare technique owing to the emergence of cyberspace as a new domain for warfare is motivating the offensive cyber weapon market growth. Rising incidents of data theft and cases of cyber spying reported globally, has brought issues related to confidentiality of digital data at the forefront among various industries and organizations. Governments, all over the world are concentrating on improving the security levels of their digital arrangement. The use of cyber weapons is anticipated to increase in the next few years. The major growth drivers of cyber weapons market are, increasing investment by organizations to identify zero-day vulnerabilities, expansion by traditional arms manufacturing companies in the cyber security business and demand for advanced cyber weapons and increasing need for security in difficult infrastructure and utilities. Key challenges of the global cyber weapons market include preventing weapon development and usage as it leads to mass damage and creates disharmony worldwide. Moreover, cyber weapon usage raises cyber warfare and anonymity between hackers, which can negatively impact the market growth.
Source: OBRC Analysis
The global cyber weapons market segments include application and type. Application is sub segmented into:
- Global national defense system market
- Global communication network market
- Global industrial control system market
- Global air traffic control market
- Global automated transportation system market
- Global others market
Type segment of global cyber weapons market is sub segmented into:
- Global defensive market
- Global offensive market
The revenue for the above industrial applications are specific to the cyber weapon market. However, the total revenue of these application in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up type segment. .
Geographically, the global cyber weapons market is into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North American cyber weapons market held largest market share in terms of revenue in 2016. Increasing number of cyber-attacks in different parts of North America is the reason for growth in adoption of cyber security instruments. North America was followed by Asia Pacific region, was the other major market for cyber weapon in 2016. Developing economies such as China, India, North Korea, South Korea, Japan and Australia play a significant role in increasing the sales of cyber weapons market. The increasing investment by China in the growth of advanced cyber warfare technique will considerably aid the market expansion in Asia Pacific. Latin America faces increase in frauds and theft in banking sector, which is making an impact on nation’s infrastructure. Some countries such as Brazil, Peru and Chile have taken cyber weapon security as their political agendas. .
Cyber weapon market is segmented on the basis of application and on the basis of type. On the basis of application segment is further bifurcated as global national defense system cyber weapons market, global communication network cyber weapons market, global industrial control system cyber weapons market, global smart power grid cyber weapons market, global air traffic control cyber weapons market, global automated transportation system cyber weapons market. Segment on the basis of type is bifurcated as global defensive cyber weapons market, global offensive cyber weapons market.
The major market players of the global cyber weapons market are:
- LOCKHEED MARTIN CORPORATION
- BOEING COMPANY
- GENERAL DYNAMICS CORPORATION
- RAYTHEON COMPANY
- BAE SYSTEMS PLC
- OTHERS
Detailed analysis of these companies provided in this report comprises overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launching. Example: On august 1, 2016 Raytheon Company opened its novel cyber facility in Augusta, Georgia, to provide a wide range of cyber-security facilities to the U.S. Department of Defense.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market players such as, on August 1, 2016 Raytheon Company opened its novel cyber facility in Augusta, Georgia, to provide a wide range of cyber-security facilities to the U.S. Department of Defense.
- Provide in detail the different segments such as by application and type which affect the global cyber weapons market.
- Provide you the patent analysis of the cyber weapons market.
- Identify and understand the strength, opportunities, challenges and threat of the cyber weapons market.
- Provide revenues of major players of the market such as Lockheed Martin Corporation, Boeing Company and Raytheon Company.
- Provide you the various regulatory policies which affect the global cyber weapons market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global cyber weapons market offers the longest chain of market segmentation covering major market segmentation based on type and application. The report tracks the major market trends in the global cyber weapons market such as growing internet use which leads to increase in cyber-crimes across the world. For each market segments covered in global cyber weapon market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the cyber weapon industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global cyber weapon market.
- Increasing demand of advanced cyber weapons in various application segments such as defense, government, communication network etc. is contributing in the growth of global cyber weapons market.
- North America held the largest revenue share in 2016.
- National defense system segment is the dominating market due to high use against enemy networks and to increase security against critical infrastructures.
- Expansion is the key strategy adopted by the various market players of global cyber weapons market.
