The global cyber weapons market is estimated to grow with a CAGR of 4.17% during the forecast period of 2019-2027

Feb 15, 2019

SC Pressroom Cybersecurity's leading news distribution network

NEW YORK,  -- KEY FINDINGS
The global cyber weapons market is estimated to grow with a CAGR of 4.17% during the forecast period of 2019-2027. There is a growing concern for organizations in the making of software to identify zero-day vulnerabilities due to the dangers of the information technology infrastructure of the organization. The cyber-attacks expose system vulnerabilities that software developers are not able to recognize.

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MARKET INSIGHTS
The global cyber security market segmentation is done on the basis of applications and types.The application of this market can be found for communication networks, national defense systems, industrial control systems, air traffic control, smart power grid, automated transportation systems, hospital, financial systems, government organizations, and public utility.

The cybersecurity market type can be either offensive or defensive.

REGIONAL INSIGHTS
Geographically, the global cyber weapons market is segmented into regions of Asia-PacificEuropeNorth America and Rest of World.By the end of 2026, the North America cyber weapon market is predicted to hold the biggest share of the global market on account of the rise in the number of cyber-attacks in the US and Canada.

The internet is the backbone of critical infrastructures like military & defense, industrial control and air traffic control systems in North America and the regional government is constantly investing for the development of the novel technologies to avoid future attacks on its critical utilities.
On the other hand, the market which is predicted to exhibit the fastest growth over the estimated period is the Asia-Pacific market.The increasing threat to critical infrastructure primarily drives the Asian market.

The risk is due to economy's increasing reliance on the internet for all activities from government to business, making the nation states prone to cyber-attack.

COMPETITIVE INSIGHTS
Kaspersky Lab, Boeing, McAfee (acquired by Intel Security), Cisco Systems, Northrop Grumman Corporation, Lockheed Martin Corporation, Airbus Group, AVAST Software, Raytheon Company, Mandiant (acquired by FireEye), BAE Systems, AVG Technologies, General Dynamics and Symantec Corporation are some of the established companies in the global cyber weapon market.

Companies mentioned
1. AIRBUS GROUP
2. AVAST SOFTWARE
3. AVG TECHNOLOGIES
4. BAE SYSTEMS
5. BOEING
6. CISCO SYSTEMS
7. GENERAL DYNAMICS
8. KASPERSKY LAB
9. LOCKHEED MARTIN CORPORATION
10. MANDIANT (ACQUIRED BY FIREEYE)
11. MCAFEE (ACQUIRED BY INTEL SECURITY)
12. NORTHROP GRUMMAN CORPORATION
13. RAYTHEON COMPANY
14. SYMANTEC CORPORATION

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Tags: United States, English