Growing Need for Advanced Cyber Security Methods Drive Global Cyber Weapons Market

2024-11-08 11:26:20 News & Society

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The Internet and the upcoming IoT have proven to be the biggest battlefield for tech giants of the modern age. Theoretically, every system connected to the Internet is prone to virtual attacks. This has created explicit scope for the global cyber weapons market, where one can obtain the weapons required to combat cyber-threats.

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Cyber weapons are of great use today in advanced cyber warfare. We now have tools that are essentially weapons due to their zero-day exploits aimed at the software industry. They are primarily used to launch attacks online on enemy networks. A very high number of Internet professionals and hackers are putting more efforts into creating stronger cyber capabilities. These advanced cyber weapons are able to steal confidential and locked data, destroy equipment and data storages, and conduct espionage. This could even include critical national defense systems and industrial control systems.

Growing Security Concerns Boost Global Cyber Weapons Market

Since any system connected to the web is practically attackable, there is major concern over the security measures employed to protect web-connected systems. This has created a huge demand for viable products and services from the global cyber weapons market. The overall list of protectable assets include industrial control systems, communication networks, and national defense networks. Cyber warfare has rapidly become the new major battleground after conventional land, air, and sea battles, further prompting growth of the global cyber weapons market. As for restraints, currently the major issue holding back the global cyber weapons market is the high number of government regulations that are related to the use of cyber weapons in a controlled environment.

National Defense System and Defensive Cyber Weapons Segment Leads Global Cyber Weapons Market

By type, the global cyber weapons market is broadly classified into defensive and offensive cyber weapons. Of these, the global cyber weapons market is dominated by the defensive segment in 2015. The defensive segment has the higher market share and has generated an overall revenue of US$287.98 bn. The segment is also expected to remain in the leading position till 2021. The key factors driving the defensive segment are the increasing need for security agencies to upgrade their network security systems and increased government involvement in terms of investments in cyber weapon technologies. All organizations linked to the cyberspace are now making it absolutely essential to utilize up-to-date defensive cyber weaponry.

In terms of applications, the global cyber weapons market for 2015 is dominated by national defense systems. The prime reason for this segment?s growth is the growing need for the development of cyber abilities that are both offensive as well as defensive in nature.

North America Leads Global Cyber Weapons Market

The North American dominance in the global cyber weapons market has existed for quite some time. The region is currently the leader and this trend is most likely to be retained in the near future. North America, especially the U.S., hosts multiple cyber security cells packed with professionals that work to create new and innovative products in the global cyber weapons market.

Most of the key players in the global cyber weapons market, such as BAE Systems, The Boeing Company, Lockheed Martin, and Raytheon Company, are based in North America or Europe, thereby creating a strong hold over the market by these regions.3

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