NEW YORK, Nov. 23, 2023 /PRNewswire/ — The cyber weapon market by type (defensive and offensive), end-user (government, BFSI, corporate, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America) – Forecast and Analysis 2023-2027″ report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the cyber weapon market between 2023 and 2027 is USD 8.08 billion.
The increasing IT security budget is a key factor driving market growth. The increasing number of cyber threats is leading some organizations to increase their IT budgets in different sectors. In addition, spending on IT security budgets around the world is increasing considerably and most of this expenditure relates to cyber security services. Therefore, the market is experiencing positive effects due to the increased complexity of cyber-attacks and rising awareness of security risks.
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Market Challenge
The high cost of cyber weapon development is a significant challenge restricting market growth. This is because of the need for time, resources, and technical expertise, the development of cyber weapons represents a significant cost. Furthermore, there are only a few companies that have the means and capacity to support the production of these complex technologies. Moreover, considering the costs and capability of such frameworks would be inconceivable to a prospective client due to cyber weapons research’s sensitive nature.
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The cyber weapon market has been segmented by type (defensive and offensive), end-user (government, BFSI, corporate, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
- The defensive segment is estimated to witness significant growth during the forecast period. To prevent theft of intellectual property or data and system destruction, a growing use is made of virus malware as defensive cyber weapons. The growth of the defensive cyber weapon segment is greatly driven by factors such as increased threats to critical infrastructures in several sectors, e.g. information technology and government. The growth of the segment is also fuelled by factors like increased defense expenditure, as well as an increasing trend towards cyber weapons becoming a weapon of war.
- North America is estimated to contribute 35% to the growth of the global market during the forecast period.
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Key Companies in the cyber weapon market:
Accenture Plc, Airbus SE, AO Kaspersky Lab, Avast Software sro, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., Cisco Systems Inc., DXC Technology Co., General Dynamics Corp., Intel Corp., International Business Machines Corp., Lockheed Martin Corp., Mandiant Inc., McAfee LLC, Musarubra US LLC, Northrop Grumman Corp., Raytheon Technologies Corp., Thales Group, and The Boeing Co.
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The Security Analytics Market size is estimated to grow by USD 6,512.26 million at a CAGR of 10.15% between 2022 and 2027.
The private cloud services market size is estimated to grow by USD 276.36 million at a CAGR of 26.71% between 2022 and 2027.
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Cyber Weapon Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.21% |
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Market growth 2023-2027 |
USD 8.08 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
10.09 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 35% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-User
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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SOURCE Technavio
