The global cyber weapons market is expected to gain prominence over the forecast period owing to surging threats to crucial infrastructures in various sectors such as government and corporate IT. Growing defence expenses paired with constant cyber weapons evolution as a warfare tool may positively impact market demand. Cyber weapons (malware or virus) are essentially used by paramilitary, military, and intelligence agencies to penetrate through enemy’s network. Surging need for securing sovereignty of the host nation and violating target’s privacy is a key force driving the global cyber weapons market extensively over the forecast period.
The growing need for system surveillance, destruction & theft of target data, intellectual property, hardware, crucial manufacturing processes, and core business activities may drive cyber weapon market significantly. Growing demand for financial loss prevention by the opponent may also drve market growth significantly. Escalating demand across several application segments including military, public utilities, government organizations, communication networks, financial systems, and vital services (insurance and banking) may further drive the market exponentially in the near future.
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Rising cyber issues may upsurge demand for cyber weapons (defensive and offensive) ensuring security and military planning. Wide internet usage for variety of applications may lead to increase in cyber crime and related issues, which may further stimulate cyber weapon market demand. In order to maintain confidentiality of IT systems, cyber weapons are extensively used to detect, report, monitor, and counter attack cyber threats.
The cyber weapons market is anticipated to be driven by increasing demand for offensive & defensive cyber weapons by NATO nations, specially the U.S., so as to defend their interest in cyber space. Further, investment in internet warfare capabilities by non-NATO nations is also expected to further drive the cyber weapons market demand over the forecast period. In addition, North America is expected to witness significant growth closely followed by Asia Pacific. This may be attributed to its increased usage in defence, aerospace, and intelligence areas.
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