Cyber Weapon Market To Report Impressive Growth, Revenue To Surge To US$ 524.27 Billion By 2022

With the presence of a large pool of participants, the global cyber weapon market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Lockheed Martin Corporation, General Dynamics Corporation, Avast software, AVG technologies, and Boeing Company are some of the key vendors of cyber weapon across the world. These players across cyber weapon market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the cyber weapon market study.

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Citing an instance, in March 2018 at AUSA Global Force Symposium, Leidos, an Science Applications International Corporation based in the U.S., unleashed that how local persons will be able to make use of cyber bullets to scan Wi-Fi army network, thereby intercepting their communications and coding enemy messages through IP address mining.

As estimated in this report, the global cyber weapon market stood at US$ 406.77 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this cyber weapon market is expected to reach US$524.27 billion by the end of the forecast period. The main types of cyber weapons available in this cyber weapon market are offensive and defensive. Among the two, the demand for defensive weapon is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Intense Need For Internet Security To Drive Cyber Weapon Market Growth

"Mounting requirement by the private & government organizations to avoid monetary losses as a result of hacking & cyber crimes is expected to drive the cyber weapon market growth over the coming years,” says the author of this cyber weapon market study. Apart from this, the product finds plethora of applications in communication networks, defense, banking, insurance, public utilities, financial systems, and government-controlled firms. Furthermore, rise in the use of internet across the globe and large focus on setting up & securing critical infrastructure facility is likely to spur the business trends in the near future.

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Strict legislations governing the creation and utilization of cyber weapons, however, are likely to restrict the scope of cyber weapon industry over the span of next few years. Nevertheless, high demand for cyber security in myriad sectors and shifting focus of firms manufacturing arms & ammunitions towards production of cyber weapons will create lucrative avenues for the market, thereby normalizing the impact of hindrances on the cyber weapon market, reports the cyber weapon market study.

Humungous Demand For Cyber Weapons In Aerospace & Defense To Augment Growth

Regionally, North America has been leading the worldwide cyber weapon market and is anticipated to continue on the dominant position in the years to come, states the cyber weapon market study. Massive application of cyber weapons in aerospace and defense sectors as well as intelligence units is the main factor behind the dominance of the North America cyber weapon market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional cyber weapon market.

The global cyber weapon market is segmented as follows:

By Type

Defensive
Offensive

By Application

National Defense System
Air Traffic Control
Hospital
Automated Transportation System
Industrial Control System
Communication network
Smart power grid
Others

By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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