Dublin, Sept. 01, 2023 (GLOBE NEWSWIRE) -- The "Cyber Weapons Market By Type, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global cyber weapons market is poised for significant growth, driven by the escalating cybersecurity threats worldwide during 2021-2031.
Rise in Cybersecurity Threats
Cyber weapons, which encompass various types of software like malware, viruses, ransomware, and logic bombs, have gained prominence due to the surging cybersecurity threats globally. This rise in threats has prompted the development of advanced cybersecurity techniques to counter them. Cyber weapons are employed across military, government, and intelligence sectors to track adversaries, gather critical data, identify cyber threats, and monitor illicit online activities.
Offensive Cyber Capabilities and Strategic Developments
Several countries are investing in offensive cyber capabilities. Smaller nations such as the Netherlands, Denmark, Sweden, and Greece have acknowledged their offensive cyber capabilities, while larger nations like the U.S., UK, and Australia have reported conducting offensive cyber operations. Meanwhile, countries like North Korea, Russia, and Iran have undertaken catastrophic offensive cyber operations with significant impacts. The use of offensive cyber weapons by various nations is projected to drive market growth throughout the forecast period.
Advantages and Challenges
Cyber weapons offer several advantages, including efficiency, cost-effectiveness, stealthiness, and the ability to operate at the speed of light. Their ability to remain discreet and attribution challenges make them enticing. Moreover, their offensive orientation is suitable for the asymmetrical conflicts of the modern era. However, the high cost of developing cyber weapons and technical deployment difficulties pose challenges to market growth.
Market Dynamics and Key Players
The report outlines the market dynamics, including drivers, restraints, and opportunities. Drivers include the need for infrastructure protection, technological advancements like AI and ML, increased expenditure on cyber weapons by governments and commercial entities, and the rise in international conflicts. Restraints involve high development costs and technical deployment challenges. Opportunities stem from the demand for defense intelligence and surveillance in military operations and the growing presence of relevant digital equipment in cyber warfare.
Market Segmentation and Stakeholder Benefits
The market is segmented by application, end user, and type. Applications span national defense systems, public utilities, transportation systems, smart power grids, industrial control systems, financial systems, communication networks, and more. End users include government, BFSI (banking, financial services, and insurance), corporate, and others. Types comprise defensive and offensive cyber weapons. Regions covered are North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
Key Market Players
Prominent market players shaping the cyber weapons landscape include BAE Systems plc, Northrop Grumman Corporation, Booz Allen Hamilton Inc., Broadcom Inc., Raytheon Technologies Corporation, AO Kaspersky Lab, FireEye Inc., Lockheed Martin Corporation, General Dynamics Corporation, and Cisco Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/r/gs9skc
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