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Cyber Weapons Market - Due to growing threats associated with cyber weapons

08-17-2018 08:26 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

Cyber Weapons Market - Due to growing threats associated with

Identifying zero day vulnerabilities is of utmost importance for governments to prevent them from being used by extremist groups for infiltrating a nation’s critical infrastructure. This is a primary factor fuelling demand from the global cyber weapon market, states Transparency Market Research (TMR). Cyber weapons developed by hackers are aimed at exploiting confidentiality. However, depending on the method of use, they can be classified as either defensive or offensive cyber weapons. Both these market segments are presently gaining from the increasing demand for identifying zero-day vulnerabilities.

When used for offensive purposes cyber weapons can lead to mass destruction. Due to growing threats associated with cyber weapons, various international organizations have described them as malicious codes. Stringent regulations are thus being implemented to curb their use against the human race. This factor is likely to inhibit the market’s expansion to an extent. Nevertheless, in regions such as North America, governments are proactively investing in the development of advanced cyber weapons to protect their critical utilities. This will create new opportunities for growth for the market in the near future.

According to TMR, the global cyber weapon market was valued at US$390 bn in 2014. Exhibiting a CAGR of 4.4%, the market is expected to reach US$521.87 bn by the end of 2021.

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Demand from Defensive Cyber Weapon Segment to Increase due to Rising Cases of Cyber Espionage

Based on type, the global cyber weapon market has been fragmented into defensive and offensive cyber weapon segments. In terms of revenue, the defensive cyber weapon held the larger share of 73.8% in the market in 2014. The increasing cases of cyber espionage have compelled governments and private organizations to focus on technologies to safeguard their critical infrastructure. Since information technology is integral to industries such as manufacturing, defense, and aerospace, they are more vulnerable to cyber thefts. The demand for defensive cyber weapons is therefore expected to continue to surge through the forecast period.

The offensive cyber weapons segment is currently at a premature stage. However, TMR expects the cyber weapons market to gradually shift from defensive to offensive weapons. Nations around the world are strengthening their offensive cyber capabilities due to the emergence of cyber as new platform for warfare. However political and legal issues associated with offensive cyber weapons have compelled governments to implement stringent regulations to ensure non-proliferation of offensive cyber weapons. This has a negative impact on the segment.

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About Us:

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Website: www.transparencymarketresearch.com

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