Press release
Digital Defense: Cyber Weapons Market Unleashes Trends, Growth, and Key Insights into Market Dynamics
Cyber weapons Market
The Business Research Company offers in-depth market insights through Cyber weapons Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cyber weapons market size has grown rapidly in recent years. It will grow from $10.41 billion in 2023 to $11.59 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to increasing data traffic and bandwidth demand, cloud computing adoption, business continuity and disaster recovery, globalization of enterprises, data center consolidation.
The cyber weapons market size is expected to see strong growth in the next few years. It will grow to $16.92 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to emergence of big data and analytics, government regulations and compliance, hybrid and multi-cloud deployments, increased focus on security, sustainability initiatives. Major trends in the forecast period include rapid adoption of coherent optical technology, increasing demand for cloud connectivity, focus on software-defined networking (sdn) integration, development of hybrid and multi-cloud connectivity solutions, growing role of edge data centers.
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Market Segmentation:
The cyber weapons market covered in this report is segmented -
1) By Type: Defensive, Offensive
2) By Application:National Defensive System, Industrial Control System, Communication Network, Automated Transportation System, Smart Power Grid, Other Applications
3) By End-User: Government, Banking, Financial Services And Insurance, Defense, Corporate, Other End-Users
Major Driver - Rise In International Conflicts Fueling Growth in the Cyber Weapon Market
The significant rise in international conflicts is expected to propel the growth of the cyber weapon market going forward. An international conflict refers to a sustained disagreement or hostility between two or more sovereign states that typically, but not always, involves violence. Cyber weapons are used in international conflicts by providing nations with new tools and tactics to pursue their strategic interests and allow for relatively covert operations, providing a level of anonymity for the attacking nation. For instance, In September 2023, according to Council on Foreign Relations Highlights, a US-based independent and non-profit organization, there are currently over 40 ongoing international conflicts worldwide, including civil wars, insurgencies, and international conflicts. Additionally, in 2023 according to Armed Conflict Location & Event Data Project (ACLED), a US-based non-profit organization, ACLED recorded more than 139,000 incidents of political violence worldwide, an increase of 27% over the prior year. Therefore, the rise in international conflicts is driving the growth of the cyber weapons market.
Competitive Landscape:
Major companies operating in the cyber weapons market report are Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Cisco Systems Inc., General Dynamics Corporation, Northrop Grumman Corporation, Broadcom Inc., BAE Systems PLC, DXC Technology Company, Booz Allen Hamilton Inc., Fortinet, McAfee L.L.C, Airbus S.A.S, AO Kaspersky Lab, Gamma Group, Avast Software Company, FireEye Inc., Leonardo S.p.A., Endgame Inc., NSO Group, Birmingham Cyber Arms Ltd., Bull Guard Ltd., Symantec Corporation, Akamai Technologies, RSA Security Inc.
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