Cyber Warfare Market is Estimated to Hit at a CAGR of 18.5% in terms of Revenues by 2025: Grand View Research Inc.

San Francisco,5 October 2018: According to a report by Grand View Research, Inc., the global cyber warfare market is anticipated to attain around USD 91.75 billion by 2025. Growing requirement for technologically advanced devices to protect sensitive and important digitally stored organizational data from cyberattacks is the major market driver. Cyber warfare systems offer advanced cyber security to prevent cyberattacks in private and government organizations. They can safeguard essential data and files from intruders. This factor is anticipated to drive the global market over the forecast period (2014 to 2025)

Rise in network infiltration in organizations and abuse of digital infrastructure is expected to fuel growth of the market for cyber warfare. Continual technological advancements in information technology coupled with increasing capability of cyber weapons to disrupt national security can positively influence market growth in near future. Supportive government initiatives such as implementation of warfare units and huge investments for improving cyber security and reducing cybercrime can also stimulate market expansion. Growing digitization in different nations is expected to increase risk of cyberattacks on sensitive information. This, in turn, can augment growth of the market during the forecast period.

The worldwide cyber warfare market can be segregated on the basis of application and region. Based on application, the market can be categorized into homeland, defense, government, aerospace, corporate, and others. In 2016, defense segment dominated the market with revenue share of around USD 5.96 billion. It is expected to expand at a CAGR of around 18.8% during the forecast period. Dependency on information technology and communication in military and defense is likely to increase cyber risks. Defense sector is likely to allocate funds to cyber security units to reduce potential threats to state and national data from hackers. Availability of Internet of Things (IoT) and other advanced technologies in defense sector is estimated to further propel demand in near future.

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Government segment is also likely to contribute significantly to market share during the forecast period. In 2016, it accounted for a revenue share equivalent to USD 5.3 billion. The segment is anticipated to rise at CAGR of 19.1% over the forecast period. Increasing number of intense and sophisticated cyberattacks is likely to fuel demand for cyber warfare in government organizations. Corporate segment is estimated to expand at CAGR of 19.8% during the forecast period.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. In 2016, North America dominated the market for cyber warfare and accounted for a significant market share equivalent to USD 8.22 billion. It is likely to continue its dominance through 2025. Favorable government initiatives mainly focused on cybersecurity techniques to protect digital infrastructure and increasing cyber defense budget can augment regional growth. In addition, launch of cybersecurity units and deployment of cybersecurity framework within military, defense, and government agencies is likely to further stimulate market growth.

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The United States (U.S.) federal government is expected to take positive steps to reduce cyberattacks and demonstrate its cyber warfare potential to reduce such attacks. In addition, the government is expected to build cyber army for its cyber mission force by 2027. Moreover, it can provide its proactive training and development to military officials from the U.S. Army Cyber Center of Excellence (CCoE). Further, increasing investments in defense sector to safeguard federal networks and sensitive infrastructure from cyber breaches can impel regional market growth.

Europe held the second largest share in the cyber warfare market and accounted for around 25.44% of total market share in 2016. Asia Pacific is likely to grow at the fastest CAGR of around 21.1% from 2017 to 2025. The region is expected to offer potential growth opportunities attributed to supportive government regulations for adoption of cyber security. In addition, continual technological advancements coupled with economic growth in developing countries can further fuel regional market growth in the forthcoming years.

Some of the leading companies in the cyber warfare market are General Dynamic Corporation, Lockheed Martin Corporation, Raytheon, Boeing, and BAE Systems. These companies are expected to get involved in strategies such as Mergers and Acquisitions (M&A) and development of new and innovative products. Other companies can look to enhance market presence by expanding product portfolio through investments in Research and Development (R&D) activities and adoption of new technologies.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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